Yamana Gold Inc. engages in the exploration, development, and production
of mineral properties, primarily gold. It also explores for copper,
molybdenum, zinc, and silver metals. The company's property portfolio
includes seven operating gold mines, including Chapada mine, Jacobina
mining complex, and Fazenda Brasileiro mine in Brazil; El Peñón mine and
Minera Florida mine in Chile; Gualcamayo mine in Argentina; and
Mercedes mine in Mexico. It also has a 12.5% indirect interest in the
Alumbrera copper/gold/molybdenum mine in Argentina, as well as holds
interests in various advanced and near development stage projects and
exploration properties in Brazil, Chile, and Argentina. Yamana Gold Inc.
was founded in 2003 and is headquartered in Toronto, Canada.
To review Yamana's stock, please take a look at the 1-year chart of AUY (Yamana Gold, Inc.) below with my added notations:
From January until early September, AUY created a key resistance level
at $18 (navy). That resistance level was a 52-week high breakout when
the stock broke above it in September. That breakout was a signal that
the stock should be moving higher, which the stock did do. Now that AUY
is pulling back, the old $18 resistance should provide support for the
stock, which it has already done once last month.
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