Yamana Gold (NYSE: AUY) (TSX: YRI) reviewed 10-07-2020
Market Cap: 5.29 Billion (USD)
Share Price: 5.55 (USD)
Shares outstanding:
Cash: $324.8 M (USD) as of 30 Jun 2020.
Debt: $1.09 B (USD) as of 30 Jun 2020. Company states net debt at $768M (USD)
Current operations: Yes
Insiders: Low
Institutional: 378 institutions hold approx. 56% of float
Website: yamana.com
Investor Presentations: https://www.yamana.com/English/investors/presentations/default.aspx
President & CEO: Daniel Racine
Executive Director: Peter Marrone
Yamana is a Major with production of 900K Au equivalent oz. in 2019
The company defines ‘Gold Equivalent Ounces’ or GEO as: ‘gold ounces plus the gold equivalent of silver ounces at a ratio of 105.14 for the period ended June 30 2020’. This ratio obviously changes over time
Yamana produced 10.6M oz silver in 2019
AISC stated at $980-1000 per Au equiv oz. But may actually be a little higher
The company has five producing mines in Canada, Brazil, Chile, and Argentina
Cerro Moro (Argentina) and Canadian Malartic (Canada) suspended earlier in 2020 due to COVID-19
The company reduced net debt by $100M in Q2 2020
Bottom Line:
- Needs to fix the balance sheet or indicate in Q3 2020 report that this is being addressed
- Good mining jurisdictions
- Pays a 1.25% dividend. Update: As of 7 Oct 2020, the company raised its dividend to 2.0%
- No position. No interest