Thursday, June 05, 2008

Yamana Gold AUY South America Focus - new advantage

After one of my babies has graduated and NNO.to Northern Orion was taken over by Yamana I took a rest and it happen to be wise/clever/just lazy, but fortunate, I mean in a sense of timing. I am glad that we have found one another at this sweet level of relationship. The main competitive advantage is "transportation cost": all Gold will be taken by local guys by 2025. Yeh, yeh it is my old story: "spin" will stay with USA, but center of the World will be rather stretched from now on. Nobody likes anymore to spin around, sorry guys...
"Yamana Gold Inc. is a Canadian-based intermediate level gold producer with significant gold production including other precious metals and copper, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico, Central America (I like hard working people in these countries, you hardly can fool them into banks play any more) and the United States. Yamana has seven operating mines and five development projects.
The company is targeting sustainable production of approximately 2.2 million gold equivalent ounces in 2012."

"Why Invest
Why Yamana?
A leader in production growth
Targeted production growth from approximately 1.2 to 1.3 million gold equivalent ounces in 2008 to approximately 2.2 million ounces in 2012

Low cost cash producer
Generating strong earnings and cash flow from low cost operations

Sustainability
Robust portfolio of seven operating mines, five development stage projects

Superior exploration and development prospects
Geographical and asset diversification in mining friendly regions near existing infrastructure; $84 million exploration budget in 2008 and 2009

Highly liquid gold vehicle
Average daily trading volume today of approximately 24 million shares on three leading stock exchanges

Leverage to gold price
Gold production unhedged

Proven experience
High performing management and operations teams
Value Proposition
Delivering value to shareholders

Why Gold?

Gold is fundamentally a currency and in periods of increasing demand for gold the upward price movements can be more rapid and larger than in other currency markets
Gold serves as a store of wealth
Gold has functional uses in jewelry and certain industrial applications which distinguishes it from other currencies
There is a finite amount of gold available unlike paper currencies
Gold is considered a safe haven during times of geopolitical uncertainty

CEO’s Message
Since our creation in 2003, we have successfully turned undervalued Brazilian properties into profitable, producing mining operations, implemented an extensive exploration program and increased reserves and resources as well as proved our operation expertise through buildings two major mines, including Chapada, Yamana’s original flag ship mine.
Last year, in 2007, we proved the value of the acquisitions done in 2006 as we became a cash flow and earnings generating company. We fortified the base for subsequent phases of growth and distinguished ourselves as the premier intermediate gold producer.
This year, we will focus on organic growth with a strong push on exploration for both the short and long term and will continue to excel and deliver on our promises. It is our vision to increase our 2008 production to approximately 1.2 million ounces which we can achieve from our existing mines and project under development. "

1 comment:

My Technology Therapist said...

I think your right following it Ifind is good play for my portfolio in a down market day