whiteowl

Yamana: Stock Down on Concerns about Costs and Forecasts

"emerging mining powerhouse"? That remains to be seen, doesn't it?

I sold my AUY a long time ago, when I started to worry that management is more interested in building a global empire than they are in building gold mines.

At some point, the jet-set allure takes over and fundamentals are left behind.

I decided to switch my gold money into a company whose management actually seems to enjoy, and to be focused on, building gold mines. I'm not here to pump it, but the name is Agnico-Eagle.

AEM and KGC are two names in the sector that I believe are preferable investments to AUY. There may be others. Beware the "empire builders" with loftier ambitions on their mind than simply creating value for stockholders.

All just my opinion, of course.