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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I get daily reports on stocks from TD Web Broker they report YRI [Yamana Gold Inc . could have a 90% move , but I was watching Business News A couple of weeks ago and they reported that they had a high debt load and weren't that keen on them .

Peter and team could you give me your out look an this company.
Thanks Jim.
Read Answer Asked by James on November 07, 2016
Q: Gold represents a small portion of my portfolio with only 2 holdings – Anglo Eagle Mines (AEM) and Yamana (YRI). I just sold my Yamana to take advantage of the recent bull run in gold which even 5i has stated is getting a bit “long in the tooth”. AEM seems to be your favorite which I plan to keep, but I was looking to swap Yamana for a better name that’s higher on your list either now or on a future dip. What would be your second pick after AEM in the gold space? I’m looking for a mid or large cap that has reasonable leverage to gold but still a strong balance sheet to reasonably withstand any future drops in the price of gold. As an aside, for a person holding only two names would you recommend that one of them be an ETF for instant diversification? or even a bullion fund if perhaps the recent run has put the rise in the miners too far above the bullion price?
Read Answer Asked by Steven on July 05, 2016
Q: Hi, I've been holding Yamana and Kinross for several years in my RSP and am down 70% and 82% respectively. These are the only gold stocks I hold. I am leaning toward selling at least one of them and re-deploying the remaining capital. Which one would you let go? Or should I continue to hold both?

Seeing the RED unrealized losses staring back at me on the screen is demoralizing.

Thanks,
Read Answer Asked by Robert on February 25, 2015
Q: Is there a reason to have sustained faith in Yamana? You have spoken (written) a few times on the geo-political risk that companies take on when they are located in "problematic" countries. Brazil and Argentina seem to come up often enough in terms of areas with political risk. Given that much of Yamana's resources are located in these two countries, what danger might it pose to Yamana's survivability?

In an off-shoot question, related to this topic: Has there been any resolution to Magna's investigation in Brazil?

Thanks for your help.
Read Answer Asked by Sylvia on December 16, 2014
Q: Hi Peter and team, I have a very high risk tolerance and a very long time horizon. I consider there are huge bargains present in the gold mining sector. My plan is to systematically buy quality names like YRI and G. I expect these companies will revert to their fair values creating very high gains over time provided they won't go out of business. Your evaluation on this contrarian strategy please.
Read Answer Asked by RAJITH on November 05, 2014
Q: In the materials sector I currently hold Goldcorp (G), Yamana (YRI), and Silver Wheaton (SLW). I am considerably down on all three as they are all hitting new lows today. Yamana has been getting hit particularly hard lately and is off more than 65% from where I bought it. My weighting in the sector which initially began as a comfortable 7% has been reduced to about 4%. I know you recommend that everyone hold a little gold in their portfolio as insurance, and you seem to be positive on these three names, but this insurance has turned out to be very costly. Can you comment on today’s results from Goldcorp and Yamana and how you view these companies going forward. I realize that the whole sector is down but some of their problems seem to be company specific. Would you recommend taking advantage of recent weakness in any of these names to bring my weighting back up?
Steven
Read Answer Asked by Steven on October 31, 2014
Q: I have a question to ask. With the current sell off in the market do you think it is a good time to buy some of the companies you recommend. In my portfolio I have a lot gold and silver stocks which I have had for sometime and are down quite a bit. What is you thoughts on the gold and silver market at this current time. Do you think it is best to diversify. I look forward to your response.

Read Answer Asked by Kevin on October 13, 2014