Yamana Gold Share Discussion Threads

[qwerty1234] 09/1/2008 10:25

link does not work i'm afraid

[chrismez] 08/1/2008 15:15

Strong start on NYSE today.

[chrismez] 07/1/2008 10:10

UKGeorge - been in Canada for past 3 weeks where analysts on TV (BNN) are calling this a $21 stock and more interestingly a takeover prospect. The recent rises in Agnico-Eagle, Barrick and Goldcorp suggest this is cheap in relative terms and that it could be in the sights of one of the big three. Obviously funding would be an issue but with the price of gold appreciating and the dollar weakening against the Loonie, stranger things have happened ...! Still holding on NYSE.

[ukgeorge] 05/1/2008 11:21

nice rally since december, but i will not be selling i think long term 2-3 years these are a great gold play. aggresive management have created a decent sized gold company in a short period of time.
10-20 pounds in couple of years.

[avc0nway] 03/1/2008 12:28

"You should be able to do multiple epics on a comparison basis, just click stock in the overlays section."

Thank you yf23_1.

Yes, that's what I have been able to do for a long time - and I found it very useful. However, about a month ago I found that doing that ceased to produce a chart, I merely got a tiny bordered square with a miniscule red cross inside it.

I can get a chart showing a single epic over whatever timescale I wish, and a chart showing a single epic with various moving averages overlaid, but not with any other epics overlaid. I merely get that tiny square. I am compelled to go to rival sites whose charting facilities are in otherways less convenient, but which will throw up comparisons for me. No matter whether I use Internet Explorer or Firefox.

But thank you for responding - I was rather hoping that the fault would prove to be at ADVFN's end, and so in due course would be cured. But it seems now to be at my end, and I'm aware of neither cause nor cure.

avc0nway

[yf23_1] 03/1/2008 05:46

"I have hitherto found ADVFN's historical charting facility ideal, but sadly I find now that it will only display one epic at a time."

You should be able to do multiple epics on a comparison basis, just click stock in the overlays section.

[avc0nway] 02/1/2008 14:43

Mad Jack, interesting post from the US Fool. Just his views of course - but his reasons for holding them co-incide with mine.

I have previously held some RRS – as I mentioned, through the bulk of 2005 there was little choose between them, but I came to a jaundiced view on Africa (worries about political instability) that drove me out. And I have largely kept out of FSU and Chinese miners for the same reason.

YAU here on AIM is thinly traded and usually has a wide spread, which would annoy me if I wanted to trade it frequently. I monitor its movements on the NYSE where volume is greater. Here's a one month chart:


Yes, here's to 2008

avc0nway

[mad jack mcmad] 02/1/2008 12:57

Thanks avc0nway - very helpful. I'm pleased that RRS is doing so well at the moment, and am sure that YAU is going to catch up, so probably the best one to be piling into at the moment. Glad to say I hold both.

All the best for 2008

cheers

Jack

[avc0nway] 02/1/2008 12:52

Mad Jack, I refer to your post below which I have lifted from the The Really Useful Gold Thread (GOLD), and which I repeat here: [Mad Jack McMad - 20 Dec'07 - 15:59 - 32107 of 32300 Any thoughts as to why YAU is performing so badly? My other mid-tier, RRS is doing quite well at the moment. Anyone? Tia]

I did not respond way back in December for various reasons to do with seasonal disturbance both in markets and in domesticity [and I thought others, perhaps better qualified to comment, might respond to you], but with the pog now risen (and stabilised?) again towards the mid-800s (as I had somehow expected it would) I have gone back and re-visited your post.

Your post was somewhat of a wake-up call for me. I had moved quite strongly into YAU over a 12mth period, seeing it as a prospective, low-cost producer, and thus foreseeing it as something of a geared play on the pog whose time would soon come – in 2008/9, if not 2007.

In the early part of last year YAU behaved much as I expected in view of other equities and the pog, and YAU's decline in the mid-part of the year I attributed to investors' jitters over Yamana's jockeying for the acquisition of Northern Orion and Meridian Gold, plus a reflection of the wider stock-market nervousness prompted by increasing awareness of the sub-prime crisis. It's lack-lustre performance in the latter part of the year I attributed to the pog's long march sideways up and down between $800/840. [I think that may be now behind us.]

Your post, particularly with its reference to RRS, prompted me to do some re-thinking and re-charting. You can repeat my work on your own favourite comparative charting format – I have hitherto found ADVFN's historical charting facility ideal, but sadly I find now that it will only display one epic at a time. Is it me – or are other people also suffering this limitation?

Using YAU, RRS, GBS and PHAU I see that since August RRS has been by far the better choice. How do you account for this?

However, going back 3 years [to Jan 2005] one sees that YAU has been the choice. Both YAU and RRS kept in lock-step until Oct/Nov 2005, and YAU then went skywards until May 06, and although it has fluctuated greatly since then, it remains at that level today (although still higher, over a three-year period, than RRS - YAU +330%, versus RRS +230%.)

The trick of course is not to be nailed to any one share, but to keep moving up by dancing between escalators – YAU, RRS, and ...whathaveyou?

The deeper trick of course is to know which is to be the faster moving escalator, and when to jump. I can offer no suggestions.

All imho, dyor and wdik etc.

avc0nway

[mad jack mcmad] 26/11/2007 11:19

Exploration update

[chrismez] 21/11/2007 09:09

Does anyone see the beginning of a fifth wave here or do I need my glasses checked?

[avc0nway] 15/11/2007 23:11

Further to my comments on costs in posts 194 and 195 above – the following paragraph in a piece by Ambrose Evans-Pritchard in today's Daily Telegraph caught my attention (A perfect storm for gold as mines left empty):-

Costs are rising at $60 an ounce annually. They will average of $460 by next year. From tires, to diesel fuel, and the geologists' salaries, mine inflation is running at 15pc.

The whole article (built around comments by Gregory Wilkins, chief executive of Barrick Gold speaking at the RBC Capital Markets gold conference in London) covered much more than merely the costs facing the industry. I found it sourced on the following useful ADVFN thread (probably already well-known to lurkers here):



peterbarnes35 - 15 Nov'07 - 19:52 - 30705 of 30711

avconway

[altom] 14/11/2007 07:59

Does anyone else think as I do that Marrone's comments about consolidation in the Gold Production Industry are almost an indication of willingness to consider a takeover bid ?

[mad jack mcmad] 12/11/2007 15:27

Ok, that's some of the gaps filled. please can we go back up, now?

[avc0nway] 10/11/2007 12:08

Herewith further comments on mining costs, and the pog.

On the adjacent silver board I came across the following piece yesterday evening containing comments on mining costs per oz [from:
win2003 - 3 Oct'07 - 10:19 - 88 of 166 but with my edits]:

(National Bank Financial) increases 2008-2011, long-term gold, silver forecasts.
Citing drivers such as a weak dollar, higher inflation, and lower interest rates, National Bank Financial have revised their future gold forecasts upwards.

Author: Dorothy Kosich
Posted: Tuesday , 02 Oct 2007

RENO, NV -

National Bank Financial metals analysts Tanya Jakusconek and Brian Christie Monday revised their future gold forecasts upward predicated on a "positive mix of historic price drivers and support gold market fundamentals."

Their revised estimates remain unchanged for this year at $675/oz average price, then increase from the previous $675/oz to $725/oz for 2008, and are boosted from $625/oz to $700/oz in 2009. For 2010 forecasts were reviewed upward from $575/0z to $650/oz, and for 2011 onward $600/oz up from $525/oz.

"For 2008 our higher gold price outlook of $725/oz over 2007 is based on currency being the main driver for the gold price, with higher oil prices, lower real interest rates and continued strong base metals also paying a role in addition to continued positive supply/demand fundamentals in the gold market," according to NBF's analysis.

"In 2009-2010 we anticipate a recovery in the U.S. dollar and lower oil and overall commodity prices over 2008 levels. Longer term, we are raising our long term price to $600/oz from $525/oz as this reflects the level at which we believe many companies are basing their long-term mine plans, and reserve/resource calculations," Jakusconek and Christie forecast. "In addition, looking at world cost structure ($375/oz), sustaining capital ($50/oz), development cost (at least $150/oz) and exploration expenditures ($25/oz), a $600/oz gold price is required to at least allow a company to stay in business."

In a mining context the term "cash cost/oz" has a fairly closely defined meaning (see below)


avconway

(My emphasis added):-
CASH COSTS
"Total cash cost" figures for gold production are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is the accepted standard of reporting cash costs of production in North America.
Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Yamana has included in its total cash costs underground development costs. These costs are then divided by ounces produced to arrive at the cash operating costs of production. Total cash costs are then divided by ounces produced to arrive at the total cash costs of production. The measure, along with production, is considered to be a key indicator of a company's ability to generate operating earnings and cash flow from its mining operations. This data is furnished to provide additional information and is a non-GAAP measure. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of operating costs presented under GAAP.

[From: The New Yamana
Analyst Day October 18, 2007 ]

[mad jack mcmad] 09/11/2007 14:37

Yamana Shares Should Rise Soon; Current Levels Not Justified, Says CEO

[davepower] 09/11/2007 04:29

Hi
I no longer think my original target of 580 is viable any more. I do now think 650 the 200day MA is likely though. I'm back in at this level should we reach it. I really like the future for the combined company particularly with the gold bull in full swing.
cheers
Dave

[mad jack mcmad] 08/11/2007 15:58

No worries, just a bit disappointed with today!

[avc0nway] 08/11/2007 15:55

My post 187 - no names, no pack-drill, I got the times wrong by 30 mins. 11:00am Eastern Time is 16:00h in UK, i.e. a few minutes from now.

I do apologise, I'm very sorry if I have given anybody a bum steer. I can't find the details now but it is possible the webcast will remain available for some days.

avconway

[mad jack mcmad] 08/11/2007 07:39

Yamana Gold swings to 30.0 mln usd Q3 profit on record sales
LONDON (Thomson Financial) - Yamana Gold Inc swung to a profit in the third quarter on record sales helped by the start and ramp up of operations at the Chapada mine since the beginning of the year.

The company moved to net earnings of 30.0 mln usd in the three months to end September from 12.1 mln in the year-earlier period. Sales jumped 297 pct to 199.7 mln usd.

Total gold production increased 48 pct to 131,366 ounces, total output for the year to date is 367,816 ounces.