Image: Gold-Copper Chapada Mine in Brazil. Source: Sandstorm Gold.
Investment Thesis
The Canadian-based Yamana Gold (AUY) is a mid-tier gold, silver, and copper producer operating seven mines throughout Canada, Brazil, Chile, and Argentina.
I would not surprise many readers here by saying that the company has not performed well for quite a long time and lackluster results in 2018 have dampened the stock to a depressing level with no real catalyst on the horizon as the flat-lined chart below is indicating clearly.
The investment thesis is quite complicated and lack of a decisive