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« Portfolio Update 20 October 2007 | Main | The HUI: Keep an Eye! »

Yamana Gold Incorporated: Going strong!

Yamana Logo

Yamana Gold Incorporated aims to produce 2.2 million ounces of gold by 2012 and 1 million ounces by 2009. This company has a market capitalisation of 5.5 billion and has a P/E ratio 75.93.

As an intermediate gold producer Yamana has performed very well and is now approaching its all time high of $15.06 (it closed yesterday at $14.22) should it surpass its previous record then we are in uncharted waters so it go a lot higher.

Looking at the chart of Yamana we can see that it has recovered from the sell off when it traded in the $9 range however the technical indicators are still high. If gold continues to head north then the fundamentals could well over rule any technical analysis for the near term. The news flow is good in terms of production and they continue to acquire new assets. To read their latest news releases please click this LINK, which will take you directly to Yamana’s web site, which is well worth the time in our opinion.

Yamana Chart 19oct07

Can Yamana push on from here? We think that it can but the challenge as always is could our hard earned cash do better elsewhere? There is a school of thought that suggests that the big profits will be made in the junior mining stocks sector and not so much with the mid sized producers, what do you think? Please send us your thoughts on which sector you see as offering the best returns and we will post them.

Yamana Gold Incorporated trades as AUY on the NYSE and as YRI in Toronto.

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Reader Comments (5)

I think it likely juniors will continue to outperform in the later stages of each bull run in gold as they have in the past. Some coverage of these obscure companies would be valuable, even better would be a mutual fund that mostly invests in a whole universe of mostly juniors. Most of them are focused largely on majors and mid tier miners.

October 19, 2007 | Unregistered CommenterCharles

A top example of a junior is Kodiak Exploration Ltd (KXL on the TSX.V). It looks like a major gold discovery in Northern Ontario.

October 19, 2007 | Unregistered CommenterRoger

y have put some in Yamana already but y am looking some juniors like MXOM GSS or TBLC for a next step on but y am afraid of entering at this level , maybe y wait till end of october.
Will be glad if you do some coverage on either of them or any other peer to them.


October 19, 2007 | Unregistered Commenterlosgonarg

All my investments at this time are in the gold and silver market. But I do believe that it is always a good idea to remain diversified within the market. I currently own both mid sized producers (AUY) being one of them, as well as a number of excellent juniors. TRXOF is a Canada based junior, I believe this little gem is currently under valued and is going to the moon. This is not investment advice - merely a statement as to where I have placed my bets.

October 20, 2007 | Unregistered CommenterLeslee

To help understand the advantage and pricing of juniors, take a look at the number of shares issued. A mid-tier or major will have 6 to 10 times the number of shares. Easy math.......Del

October 21, 2007 | Unregistered CommenterDel Funk

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