Yamana Resources INC. T- YRI Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Yamana Resources INC. T- YRI

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SwampDogg who wrote (2286)	9/23/1999 8:37:00 PM
From: Solon	Read Replies (1) of 2346

Something from Stockscape... This free service is brought to you in part by Stockscape.com and NewsstandExpress.com Welcome new subscribers. Tuesday's hike in the price of gold is certainly encouraging! The day marked the second sale of gold by the Bank of England (25 metric tonnes), but the market was pleasantly surprised to see a corresponding +$5 price increase. We heard analsyts ascribing the bullish price move to the enthusiasm on the buy side - apparently sales were exceedingly brisk. We're more inclined to believe it had something to do with a drop in the US$ against the yen yesterday and the corresponding slide in the Dow. In any case, we're hopeful that the gold sale represents the final leg in the bear market for gold. Meantime, we'll looking at Yamana Resources (YRI.TSE) again. Their stock was halted briefly Monday during negotations for production financing of Yamana's Bacon precious metals project in Santa Cruz province, Argentina. The company emphasized the 'preliminary nature of these discussions' and has yet to announce anything conclusive. During the spring quarter of this year, 3,407 meters of drilling outlined direct shipping ore (DSO) exceeding 5,000 tonnes of 2 percent (20,000 g/t or 643 oz/t) equivalent silver on the Bacon. At Martinetas, one of two newly discovered high-grade gold ore shoots is thought to contain an inferred resource of 2.5 tonnes (80,000 ounces) of gold. Yamana currently has a resource base of more than 25 million ounces of equivalent silver in Santa Cruz. The stock up $0.06 at $0.68 Cdn today. A good time to buy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next