Stock Talk
With monetary easing all over the globe, gold has had a nice run. Some pundits will say it's bound to go higher whereas others will say it's a crowded play at the moment and indeed is due for a correction. Many will agree that regardless of the near term fluctuations, the longer view trend is higher. However, rather than buying gold, some prefer to invest in shares of a Gold miner. One such miner I will say to watch is Yamana gold (AUY).
From the Yamana website:
"Yamana Gold
is a Canadian-based precious metals producer with significant gold and
silver production, development stage properties, exploration properties,
and land positions throughout the Americas, including Canada, Brazil,
Chile, and Argentina. Yamana plans to continue to build on this base
through expansion and optimization initiatives at existing operating
mines, development of new mines, the advancement of its exploration
properties and, at times, by targeting other consolidation opportunities
with a primary focus in the Americas. In 2020, we expect to deliver production of 786,000 ounces of gold and 10.25 million ounces of silver. On a gold equivalent basis, we expect to produce 890,000 ounces (gold plus silver at a ratio of approximately 98.85:1). 2020 operational forecasts are presented in the table below:"
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ALL in my humble opinion, scroll down and read more..
This site does NOT make Buy / Sell recommendations.
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