Advertisement
Canada markets close in 5 hours 55 minutes
  • S&P/TSX

    21,982.31
    +110.35 (+0.50%)
     
  • S&P 500

    5,047.74
    +37.14 (+0.74%)
     
  • DOW

    38,411.19
    +171.21 (+0.45%)
     
  • CAD/USD

    0.7317
    +0.0016 (+0.22%)
     
  • CRUDE OIL

    81.84
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    90,953.49
    +507.14 (+0.56%)
     
  • CMC Crypto 200

    1,429.95
    +15.19 (+1.07%)
     
  • GOLD FUTURES

    2,341.70
    -4.70 (-0.20%)
     
  • RUSSELL 2000

    1,984.68
    +17.21 (+0.87%)
     
  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     
  • NASDAQ

    15,597.04
    +145.73 (+0.94%)
     
  • VOLATILITY

    16.38
    -0.56 (-3.31%)
     
  • FTSE

    8,042.71
    +18.84 (+0.23%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • CAD/EUR

    0.6836
    -0.0014 (-0.20%)
     

How Cerro Moro Could Be a Game Changer for Yamana Gold in 2018

How Cerro Moro Could Be a Game Changer for Yamana Gold in 2018

Yamana Gold’s (AUY) stock almost matched the returns of the VanEck Vectors Gold Miners ETF (GDX) in 2017, returning 11.0% for the year. The major catalyst for this price reversal was the beginning of a large silver mine, Cerro Moro, in 2018. This mine, once up to full capacity in 2019, should help the miner triple its silver production and increase its gold production by 20% YoY (year-over-year).