YRI:CC - Yamana Gold: A Bright Future

• Yamana Gold is getting ready to report its Q1 2022 results later this month after just coming off a strong quarter in Q4.
• Based on the company's FY2022 guidance, we should have higher revenue in H2 2022, helped by a higher average realized gold price and similar production levels.
• Looking ahead over the next decade, the company's 5-year and long-term outlook is looking much more attractive, with a path to more than 2.20 million GEOs per annum with MARA.
• Given this upgraded outlook and Yamana's solid cost controls relative to its peers, I continue to see the stock as a top-5 producer, and a buy on sharp pullbacks.

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