Yamana Gold Share Discussion Threads

[silverfern] 04/5/2010 07:16

oh well- seems it was what analysts were expecting. Does seem a bit laboured though.

[silverfern] 03/5/2010 17:48

Well, tomorrow could be a good day...

[gazkaz] 30/4/2010 22:12

Change in results date

TORONTO, April 9 /CNW/ - YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: YAU)
today announced that its first quarter 2010 results will now be released after
market close on May 3, 2010 followed by a conference call on May 4, 2010 at
11:00 a.m. ET. The results were previously scheduled to be released on May 4,
2010 with a conference call on May 5, 2010.

[gazkaz] 30/4/2010 22:03

Re above mention of Soros - Puts a percentage on the how much Soros upped his Yam stake:-

Almost 10% of Soros portfolio is in Spider Gold Shares (GLD). Soros added to his holdings by over 150% in GLD and +++++++ increased his holdings in Yamana Gold (AUY) by over 240%. ++++++++ Additionally, over 30% of Soros portfolio is in the energy, oil and gas sector.



OR IN SHARES & DOLLARS IF YOU PREFER

Soros Fund Management also increased its stake in Canadian-based gold producer Yamana Gold, buying 60,880 shares to take its total position to 85,880 shares, worth $973,314 at the end of December.

[ukgeorge] 30/4/2010 21:09

Hi, C2i will take a look at those juniors you mentioned hadn't seen your post.

[contrarian2investor] 30/4/2010 20:26

silverfern,

Good to hear from you. It would appear from the lack of blogs on this thread that a lot people have sold out entirely to buy into faster appreciating gold entities. However whilst disappointed in their progress since they hit £7 last year. I have remained on board albeit less enthusiastically, as I hope that once we can put the poor results of 2009 behind us. Then YAU'S value and long-term potential will see it nearer to £10 where it deserves to be.

Thankfully those of us that hold Yamana via its Canadian listing have also benefited from the appreciation of CAD$ against the £.

I'll be holding until one of the mega-caps comes calling or beyond the next decade.

c2i

[silverfern] 30/4/2010 18:51

halved me holding a while back, but still looking to see 20-25% gains from here - 850/900p by end of year if gold holds at this level. The market seems very odd at the moment, showing uncertianty as to recvoery imho.

[contrarian2investor] 30/4/2010 17:51

silverfern,

Where are you? Come on down your time is up!

c2i

[contrarian2investor] 30/4/2010 17:50

dixi

Yaaaaaaaaaawn just about sums up the board and the performance of YAU against its peers. Great to hear from you. How long have you held?

Could the boards hibernations and YAU's under-performance be over? Well next week we will have some answers which might bring YAU back onto the radar screen of some Gold bugs, especially as GOLD is nearing $1200 again. Which means that YAU should already be @ £8 at least.
---------------------------
UKGeorge

Did you ever have a look at some of my holdings via post 999? If so what was your view of them?

c2i

[dixi] 30/4/2010 16:38

Yaaaaaaaaaawn - hello YAU'ers - looks like it's time to wake up from the slumber.........

Have to admit I need to see a bit more on the price to hit breakeven - but such is life.....

[ukgeorge] 30/4/2010 15:53

yes long term holder. just near enough doubled up today as think its about time they did some catching up on some of the other miners, after such a poor run the last couple of years.

good find above, lets hope results are better than forecast.

[contrarian2investor] 30/4/2010 15:45

UKGeorge,

Do you hold?

Thanks for the charts. It was getting lonely on this thread as holders have lost their patience with YAU. However it has been stabilising and appreciating over the past week ahead on next weeks results which should be extremely good.

Here is recent snippet via Message Board Search for AUY:

In the report, the analyst notes:

"The Company notes that the lower end of its production guidance for 2010 is consistent with actual production achieved in 2009 and cash costs would be comparable. Cash costs in the first quarter of 2010 are expected to exceed cash costs in the first quarter of 2009, which were at all time lows as a result, in part, of significant depreciation in local currencies after the financial crisis of late 2008.

"Earlier this month AUY reaffirmed its 2010 guidance. The Company previously noted that production would sequentially increase, and cash costs would sequentially decrease, quarter-over-quarter throughout the year. In the first quarter of 2010, gold equivalent production is expected to be approximately 240,000 GEO and cash costs are expected to be below $200 per GEO on a by-product basis."


c2i

[ukgeorge] 30/4/2010 15:18

Breakout !!!!!!!!!!!!!!!!!!!!!! imo

[contrarian2investor] 28/4/2010 20:50

Hi all,

Very interesting article, could Yamana finally be back on the upward trend?


Why Yamana Gold Calls Are in Play 4 comments
by: optionMONSTER April 28, 2010 | about: AUY



c2i

[contrarian2investor] 01/4/2010 17:43

Hi all,

Very quiet thread. Have you all deserted me? It would be good to hear from you.


Hopefully this will put a floor underneath the recent decline.

Yamana Gold Backs 2010 Production Guidance - Quick Facts
4/1/2010 10:18 AM ET

(RTTNews) - Yamana Gold Inc. (AUY: News ,YRI.TO: News ,YAU.L: News ) said that it reaffirmed annual 2010 guidance. In the first quarter of 2010, gold equivalent production is expected to be about 240,000 Gold equivalent ounce or GEO and cash costs are expected to be below $200 per GEO on a by-product basis. Copper production in the first quarter of 2010 is expected to be 29 to 30 million pounds.

Production from continuing operations is still expected to be in the range of 1.03 million - 1.145 million GEO in 2010. Yamana has also guided that copper production is expected to be 150 million - 160 million pounds in 2010 and, similar to the case for gold production, Yamana expects production to increase quarter-over-quarter throughout the year.
-----------------------------------------

Briefing.com
Market Report -- In Play (AUY)April 1, 2010 9:51 AM ET

Yamana Gold reaffirms annual 2010 production guidance Co has previously noted that production would sequentially increase, and cash costs would sequentially decrease, q/q throughout the year. In Q1 of 2010, gold equivalent production is expected to be ~240,000 GEO and cash costs are expected to be below $200 per GEO on a by-product basis. This is consistent with internal forecasts. Minera Florida produced less than anticipated due to the earthquake which occurred on February 27 and is now fully operational. Yamana has also guided that copper production is expected to be 150-160 million pounds in 2010 and, similar to the case for gold production, Yamana expects production to increase q/q throughout the year. Copper production in the first quarter of 2010 is expected to be 29 to 30 million pounds. Yamana provides guidance on certain of its projected operating parameters including production levels and cash costs. The Company is not in the position to endorse consensus estimates with the respect to earnings and cash flow per share as it has no way to accurately monitor the underlying assumptions and projections going into these calculations.

c2i

[contrarian2investor] 08/3/2010 19:56

Hi all,

Here is a great discussion, which includes Yamana amongst the stocks debated.
------------------------------------------------------

Unwilling copper miners and iron ore prices in China

In the first edition of the podcast we look at why gold companies are sometimes reluctant copper miners and look briefly at some of the background to the iron ore price negotiations that are hotting up in China

Interviewer: Geoff Candy
Posted: Friday , 05 Mar 2010

GEOFF CANDY: Hello and welcome to the first edition of Mineweb.com's beyond the headlines podcast where, every week Barry Sergeant and I will be looking at the mining sector's big stories in a little bit more detail. And, to kick off the show, Barry, I want to chat a little bit about iron ore and, in particular, the high drama unfolding in regard to the price negotiations.

BARRY SERGEANT: Yes, Geoff it is very much an annual thing. It used to be with the Japanese steel mills and of course China for some years, has been the world's number one steel producer. So the theatre, so to speak, has moved to China and this year's negotiations, which by the way, have always been theatrical - there's a lot of intrigue and speculation and leaks and all the normal sort of stuff that you'd expect to find in a tabloid - which of course, we are most certainly not - but the one big difference this year is of course that last year a number of Rio Tinto executives were arrested in China and still face trial there in connection with their role in the iron ore pricing. So this year has a particularly sensitive side to it.

GEOFF CANDY: And of course, China Iron and Steel Association (CISA), the Chinese body that usually handles the negotiations - seems to have lost a little bit of face in the last year's ones - then Baoshan Iron & Steel (Baosteel) came in and revolted - it's definitely been a bit of a soap opera.

BARRY SERGEANT: Absolutely, and at the bottom line, the amount of money involved is just absolutely huge - if you look at commodities broadly, iron ore is the single biggest import in value terms into China. So there are billions upon billions of dollars at stake here as to how the contracts are actually going to end up.

GEOFF CANDY Moving from iron ore to gold, you wrote a story about Yamana gold's results and the benefit they have seen from copper production recently, and one of the things you point out is that it is actually rather difficult to find those numbers, why is that the case?

BARRY SERGEANT: It's understandable that some gold companies - they really like gold and they want to be seen to be gold producers - and some companies really take it to the extreme. Take Yamana that also produces substantial copper and its very difficult to find in today's release, the kind of numbers that you'd expect as to detail on what Yamana does in copper production, what the revenues are and so on. You've actually got to start doing some of those calculations yourself and the reason for that is that Yamana treats their copper production as if its gold. They call it gold equivalent ounces - GEO - which like I say, is understandable, but it doesn't really give the investor a feel as to what's going on because all the metals - and there's silver as well and down the line, zinc, molybdenum and so on - Yamana treats all of those as if they are gold. So you've got to break out the numbers and if you look at the 2009 turnover for Yamana, it's about $1.2bn and not by any means is all of that gold. There is roughly $500m from what I could calculate which is coming in from copper. But as I say it's really not easy to figure that out. And the other interesting thing about Yamana's figures is that the 2009 operating cash flow was substantially higher - $528m than 2008, and working with the numbers that are available - a fair contribution to the substantial increase in 2009 would have come by way of copper - where gold did certain things in 2009 which are very well known - but copper started the year at about $1.28/lb and ended up well above $3/lb - so it was rising right across the year and it has done great things for some of the big gold companies of which the two biggest - Barrick and Newmont - are included.

GEOFF CANDY Barry, one of the themes that are coming through from the gold miners is the need to replace reserves and, indeed the scarcity of pure deposits. Are we going to see more and more crossover into other metals as companies look to replace their reserves, especially given the profits to be made in metals like copper?

BARRY SERGEANT: Yes very much so - at the end of 2008 when copper went to $1.28/lb, even though that was a multi-year low there were very few genuine, bona fide copper miners anywhere in the world who weren't making good money at the cash level at least. So when the price went up as it has now, well above $3/lb, the copper miners are making fantastic cash flow at these prices. The same thing is not happening with gold. You're not getting the same kind of margins out of gold mining in general - and that's right across the industry. So yes, going back to deposits - some of the biggest deposits out there - Olympic Dam for example, BHP Billiton - that's primarily copper but it also happens to be the world's number one uranium deposit and one of the top 10 gold deposits. Look at Pebble in Alaska, which is Northern Dynasty and Anglo American - that is absolutely gigantic. Again, you can regard the gold there as secondary, and so on. There's no reason why gold companies, especially when copper given its net import status in China is making these very good margins, should not be brought out in front. Take Freeport McMahan - their story is quite simple. They don't mix up the gold and the copper. Last year it was about 4.1bn pounds of copper and 2.6m ounces of gold - it's a numbers game. You do multiplications there - you're going to get turnover of US$15bn - that was for 2009 compared to the say $1.2bn for Yamana or the $8bn for Barrick. So copper can just do great things for a gold company and when you're producing stuff, why try and make it look like its gold. Metal is metal, a dollar is a dollar and profit is profit.

GEOFF CANDY Surely there will be some analysts who will grumble about such a development?

BARRY SERGEANT: Yes, very much so and what's very much a theme this year so far, is to follow the cash, and there's no issue that the cash is going into iron ore stocks - we're seeing the portfolio flows - and we know from prior records that the iron ore companies, the big three in particular, have made absolute fortunes out of this business - Seaborne iron ore. We're getting the same theme developing in coking coal, which is a much smaller market, but it does have listed producers, and we're seeing a very good recovery in nickel stocks that is a play downstream in stainless steel. So that whole complex is moving forward and it's drawing cash away from areas like gold stocks and silver stocks, which have literally been running for years. So investors are looking at stocks, which are generating good cash on the information we have available at this stage.

GEOFF CANDY: Well that's it from this week's edition of the podcast... join me again next week when I chat to Barry and we go 'Beyond the Headlines'.

c2i

[contrarian2investor] 08/3/2010 19:53

Hi all holders,

Yawanna Keep Yamana
By Christopher Barker
March 5, 2010 | Comments (5)


Sometimes the runner that sprints to win the day is the very one that lagged the pack through the early going.

Although shares of Yamana Gold (NYSE: AUY) have appreciated some 170% since I suggested back in October 2008 that Yawanna Have Yamana, compared to golden multibaggers like IAMGOLD (NYSE: IAG) and Eldorado Gold (NYSE: EGO) ... Yamana has actually been a noteworthy laggard.

In fact, over the past two years of this multiyear marathon, Yamana has been bringing up the rear. Even titans like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) have fared better over that period, which is definitely not something I thought I'd be saying two years ago.

Like a well-conditioned athlete that's picking its moment to surge, however, Yamana still appears poised to reward patient shareholders with relative outperformance over many of its gold mining peers as this bull market matures. Despite the palpable frustration on Wall Street with Yamana's less-than-stellar earnings result for the fourth quarter of 2009, I maintain that this low-cost leader is one high-grade producer that yawanna keep around.

A sequential production decline -- associated with operational hiccups at El Penon that will persist through the first quarter of 2010 -- brought Yamana's yearly total to 1.02 million gold equivalent ounces (GEOs). Even adding production from discontinued operations to tally 1.2 million ounces, Yamana's production remains well shy of its previously targeted pace of achieving 2 million ounces by 2012. The revised plan sees just 1.5 million ounces by 2013, highlighting the more justifiable portion of the market's frustration.

Also dampening investor enthusiasm is Yamana's persistent exposure to derivative and currency-related losses that mercilessly chip away at the bottom line. In the fourth quarter, those hits included some $45.2 million from future income tax adjustments, derivative losses, and foreign exchange losses. Derivative losses from miners like Yamana and Kinross Gold (NYSE: KGC) have been a tough pill to swallow for gold investors, but perhaps those items might be better received without an added $15.4 million in executive bonuses and stock-based compensation.

As a longtime Yamana shareholder, I share in the multiple disappointments of these reduced production targets, operational snags, and annoying kinks in the bottom line. However, I believe that the market has gone entirely too far in discounting the shares for these well-documented ills. Beyond a hopeful development pipeline that includes four new mines approved for construction, Yamana is eyeing substantial reserve growth in 2010 and investing some $80 million in exploration. I stand by my recent selection of Yamana Gold as the best bargain among gold miners ... a designation with which 73% of 1,100 readers responding to our Motley Poll agreed. In case some Fools are having second thoughts, I truly believe that yawanna keep Yamana.

Fool contributor Christopher Barker's selection of Yamana Gold for his silverminer CAPS portfolio has outperformed the S&P 500 by roughly 131 percentage points since November 2008. The stock has earned three stars out of five, with more than 3,500 investors expecting further outperformance. Join the free Motley Fool CAPS community today, and share your own outlook for Yamana Gold.

Christopher Barker can be found blogging actively and acting Foolishly in the CAPS community under the user name TMFSinchiruna. He tweets. He owns shares of Eldorado Gold, IAMGOLD, Kinross Gold, and Yamana Gold. The Motley Fool has a gilded disclosure policy.

c2i
----------------------------------

[silverfern] 05/3/2010 15:16

YAU is making my investment in POGW look riskfree at the moment!

[ukgeorge] 05/3/2010 14:58

SMF.TO SEMAFO INC 5.19 +1.76%
YAU.L YAMANA GOLD 714.00 -3.58%
URC.V URACAN RESOURCES LTD (Tier2) 0.20 +0.00%
LSG.TO LAKE SHORE GOLD CO COM NPV 2.90 +0.35%
HGM.L HIGHLAND GOLD MIN 115.85 +4.37%
HOC.L HOCHSCHILD MINING 305.30 +5.17%

Same Old Yamana

New highs for SMF

[mad jack mcmad] 03/3/2010 12:32

Indeed, George, most unimpressed by YAU, have lightened up a wee bit but still hold, Semafo and Capital (CGC) seem good to me. Have not been posting much as in the process of moving from Sydney to Melbourne.

[ukgeorge] 26/2/2010 11:27

Mad Jack

Semafo are quality and look as though they will be setting new highs soon all their presentations and results are reliably good and well liked by the mkt.

shame yau have been so poor the last couple years.

[contrarian2investor] 25/2/2010 18:54

25.02.2010
China To Purchase Half of IMF's Gold

China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.


World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.

The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.

China's interest in international trade is connected with the development of the nation's economy, as well as with the growing consumer demand in the country.

"Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market," the agency reports.

Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said.

The IMF has received the profit of $7.2 billion from gold sales. A part of the funds is to be used for crediting poor countries.

c2i