Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (1892)	12/18/1998 11:02:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 2346

Yamana Resources Inc - Post says fund manager likes drilling results Yamana Resources Inc YRI Shares issued 27,390,859 1998-12-17 close $0.86 Friday Dec 18 1998 The Financial Post reports in its Friday edition that Yamana Resources is a top stock pick of Malvin Spooner, vice-president of Toronto's YMG Capital Management. Buy and Sell columnist Sonita Horvitch notes that the stock, recently 85 cents, has a 52-week range of $2.25 to 56 cents. Mr. Spooner says that drilling results from Yamana's silver-rich deposit in Argentina are excellent. Yamana is a gold and silver exploration company has interests in Latin America and the Asia-Pacific region. Mr. Spooner says that although the energy sector rebounded nicely in the fall, it has taken a breather lately, due to dismal world oil prices. He suggests that investors take advantage of fallen energy stock prices to load up on companies offering substantial production growth. Overall, Mr. Spooner says that Canadian equities should do well into next year, once the yearend tax-loss selling abates. He believes the worst is over for the Asian economic crisis and its impact on the Canadian equity market. Mr. Spooner says the best gains will be in those stock market sectors that were dominated by the crisis this year. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com