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Yamana Gold Inc. (AUY)

NYSE - Nasdaq Real Time Price. Currency in USD
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4.5500+0.0600 (+1.34%)
At close: 4:00PM EDT
4.5500 0.00 (0.00%)
After hours: 06:28PM EDT
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  • U
    UncleRemus
    I have a feeling gold is going to go on a tear with how’s things are going down south
  • P
    Peter
    Today's release reminded me of a quote from Richard Russell, one of the legends in the investing business, that I saw about a week ago on a gold website:

    "Here are the final warnings and thoughts that Richard Russell communicated to his subscribers:

    “Question — What’s the best action you can look for in a stock?
    Answer — A long record of increasing dividends.

    A lot of lies can be told about a stock, but dividends don’t lie. In order to increase dividends, a stock must create a history of producing cash. Analysts can lie, earnings can lie, CEOs can lie, but dividends don’t lie. A company must increase its actual earnings in order to raise dividends. The only thing better than dividends is the float produced by an insurance company. The float, plus compounding, made Buffett a wealthy man.”
  • M
    Mhl
    Dont understand why the stock going higher this time gold and zilver going down. 🤨
  • A
    Amishelvis
    I listened to the conf call ,,it's on the AUY website. I found 2 things interesting. 1. Someone pinned down Racine in the Q and A ,,and asked if the dividend would still be there even if gold dropped to 1350. Racine emphatically said that it would. He also commented on the share buy back,, with that he was a lot more vague..saying that they always need to put money into 4 buckets,, 1. project development. 2. dividends 3. pay down debt. and then 4..would be buy back shares. He may have mentioned having a cash nest egg,, I can't remember. Either way,, I'm not holding my breath for a share buyback.. but if we get 2k gold,, anything is possible.
  • J
    Jazenevd
    The stock demonstrates excellent performance today. It can be noted that gold price dropped substantially, and peer stocks are down too. Obviously enough, the earnings report was good while market reception seems to be even better.
  • J
    Jazenevd
    Brazil-Jacobina news. Local press informs about results of recent Jacobina mine tailing dam inspection.
    Start of quote
    Representatives of the Public Ministry of Bahia and the National Mining Agency – ANM carried out, last week, a joint inspection of the Jacobina Mineração Yamana Gold dam. The company had also been previously visited by representatives of the Municipal Civil Defense.
    End of quote
    As many investors know, tailing dam safety became a very critical issue in Brazil after big environment disaster on Vale dam.
    Start of quote
    “The inspections are positive and very important for our process of continuous improvement, as this way we can grow together and maintain the processes with the best safety standards”, assesses Edvaldo Amaral, general manager.
    During the visit everyone commented that they liked the improvements being made by JMC Yamana Gold.
    End of quote
    Another proof of friendly cooperation between the company and local authorities.

    Also, Brazil press already printed articles regarding Jacobina expansion plans, but this board already knows them from yesterday release.
  • A
    Ali
    I was looking at other miners like ELD and OGC (they have earning announcement today as well) and they are just a little better than Yamana so maybe we can say all miners have reacted cautiously to Gold price, I think the overall market have been spooked badly in the past.
  • D
    D
    Jacobina Overview: The Jacobina mining complex is located in Bahia state in northeastern Brazil. It consists of five underground gold mines: Canavieiras, João Belo, Morro do Cuscuz, Morro do Vento, and Serra do Córrego. Yamana acquired its 100% interest in Jacobina when it completed the purchase of Desert Sun Mining in 2006. The Jacobina mine is a paleo placer deposit with grains of gold hosted in conglomerate beds (reefs) in the Serra de Corrego Formation on the São Francisco Craton. Before the opening of the Atlantic Ocean millions of years ago, the São Francisco Craton was adjacent to similar geological environments in West and South Africa that host the Witwatersrand and Tarkwa gold deposits. Together, these three paleo placer deposits host 40% of the world’s gold resource and reserve inventory. Gold at Jacobina is hosted within a Proterozoic continental rift basin preserved in a 155-kilometre long north-south belt. Yamana controls the entire belt with 71,000 hectares of exploration concessions and 5,000 hectares of exploration permits.
  • A
    Ali
    people really don't need to wait for Fed to tell them that inflation is high or low, Go to grocery and Gas station and inflation is in there. There is also huge amount of debt both at government and corporate level that it is in the Fed's best interest not to increase interest rates! These things are very obvious however, i don't understand why people are still waiting for Fed's tale. Gold should be over $1850!
  • J
    Jazenevd
    Pre-market today is similar to yesterday pre-market: stronger broad market, weaker gold. Nothing big, in total. Positive impact of better-than-expected earnings release will likely dissipate this week and the stock will get realigned with peer index while the latter will be aligned with gold. Talking about gold, next covid-induced market turbulence could become the main driver for it.
  • D
    D
    Yamana is up again on a day gold is down, and on decent volume. This means we are returning to a more realistic valuation. Or, is it follow through on earnings?
  • M
    Matthew
    Just outstanding results! Typically a weak Q2 for miners is expected, but this marks a change. What a superb turnaround this company has had. Precious Metals miners mark the perfect combination between value and growth; Yamana will give you huge ALPHA (trade it as a leveraged GLD play, or simply go long). Results point in one direction, that is up and to the right! Maintaining 14B Market Cap outlook in <3 years (approx $14/s) 🙌💎
  • B
    Bob
    Marrone said they are looking in Brazil for acquisitions, Eldorado is selling Tocantinzinho cheap, hope they have a look.
  • A
    Amishelvis
    No complaints about this qtr. Does anyone have any thoughts about the buyback announcement ? I have seen that done by many companies only to be ignored/forgotten down the road. It surprised me a little bit.
  • J
    Jazenevd
    The earnings results, reported last week, were better than expected. Going forward, one can keep it simple, based on basic math: the company produced 473 KOz gold-eq. in first half of the year, 232 in Q1 and 241 in Q2. The guidance for the whole year is 1 MOz and it was confirmed in this release. It means production will be higher in H2.
  • J
    Jazenevd
    It seems Jacobina production increase will happen earlier than expected: in late 2023 instead of 2024. This is good news, though folks likely wait more for earnings numbers.
  • D
    D
    Just the facts:
    Revenue: $437.4 million in 2021 vs $303.4 in 2020
    Cashflow: $167.8 million in 2021 vs $118.1 in 2020
    General and administrative expenses $17 million in 2021 vs $25.4 million in 2020
  • D
    D
    Corrected: Yamana will produce 53% of its gold equivalent ounces (GEO's) in the second half of 2021. This projects to 1,007,000 total ounces for the year and 533,000 in the second half. 2nd half revenues project out to $970 million dollars at $1,818 per ounce. Looks good!
  • P
    Philip
    Wow !! The results of Yamana were really amazing !! This miner is still priced below book value ! This miner will make a lot of progress the 18 coming months ! I think 6 usd might be possible within 18 months !
  • W
    Walker
    Gold will be at 1900-1950 in next
    Month
    And AUY over $5 following earnings , likely 5.50 end of summer
  • J
    Jazenevd
    After-hours reaction is positive and results are solid. They beat profit estimates. If gold price holds, share price goes to high 4s.