AUY - Yamana Gold: A Solid Start To FY2021
- Yamana Gold released its Q1 earnings results this week, reporting strong growth in revenue and free cash flow.
- The solid results were driven by a sharp increase in production at Malartic and another solid quarter from the Jacobina Mine in Brazil.
- Based on ~232,000 gold-equivalent ounces produced in the quarter, the company is tracking in line with its FY2021 production guidance of 1 million ounces.
- Given Yamana's strong medium-term growth outlook bolstered by Jacobina Phase III and Wasamac, I would view any pullbacks below US$4.45 as low-risk buying opportunities.
For further details see:
Yamana Gold: A Solid Start To FY2021