AUY - Yamana Gold: A Dirt-Cheap Valuation For This Organic Growth Story
- Yamana Gold released a Feasibility Study for its Wasamac Project this week, showcasing a larger operation than Monarques Gold envisioned before being acquired.
- Based on new projections, Wasamac is expected to produce ~184,000 ounces per annum for its first five years, at industry-leading costs of $828/oz.
- Notably, while the project is slightly larger at 7,000 tonnes per day, upfront capex is lower, at just over ~$400 million for this medium-scale project.
- Based on Yamana's enviable organic growth pipeline and attractive dividend yield, I see this dip to $4.15 as a low-risk buying opportunity.
For further details see:
Yamana Gold: A Dirt-Cheap Valuation For This Organic Growth Story