Two juniors for your gold-stock investing

Article Excerpt

Yamana Gold and IAMGold offer you ways to prosper from rising precious metal prices—amid ongoing coronavirus uncertainty but also well beyond it. Today’s economic volatility should significantly boost demand for gold as an investment, especially if huge government stimulus spending spurs inflation and sends investors into gold as a “store of value.” Both stocks are buys. YAMANA GOLD, $5.55, is a buy. The company (Toronto symbol YRI; TSINetwork Rating: Speculative) (www. yamana.com; Shares outstanding: 963.2 million; Market cap: $4.9 billion; Dividend yield: 2.8%) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018. In the quarter ended September 30, 2021, overall gold production rose 6.7%, to 256,464 ounces from 240,466 a year earlier. That higher output offset lower gold and silver prices, and as a result, cash flow per share of $0.21 was unchanged. (All figures except share price in U.S. dollars.) Investors should also note the company held cash…