AUY - Yamana Gold: Digging Into The FY2020 Reserve Update
- Yamana Gold released its FY2020 Reserve & Resource update in February and reported significant reserve growth thanks to the acquisition of Monarch Gold.
- In addition to double-digit reserve growth, the company also saw an improvement in reserve grade, with Yamana having one of the highest reserve grades among its peers (ex-MARA).
- Following the sharp correction the stock has undergone, Yamana is now very reasonably priced, trading at a value of ~$490.00 per reserve ounce.
- While I believe there is better value elsewhere in the sector given the sector-wide rout, I see this current pullback as a low-risk area to start a position.
For further details see:
Yamana Gold: Digging Into The FY2020 Reserve Update