Dan Wieman

Yamana Gold: Finding Value

I haven't looked lately, but Yamana has typically hedged only copper prices. Management counts copper as a sort of by-product from their Chapada mine and uses revenue here to offset productions costs. Their strategy in the past has always been to remain unhedged on the price of gold, and I haven't seen anything to indicate a change in that strategy.


On Feb 20 11:21 AM MateoJoe wrote:

> Dan,
> Good write up. I've owned since six and change and keep researching
> so your work is appreciated.
>
> One question: Do you or any other posters know how much of AUY's
> production is forward hedged?
>
> Thanks.