to the sidelines, albeit one can conclude this suitor was not a complete loser, grabbing an ultra-steep US$300-million break fee. It is hard to imagine why the management of Yamana agreed to such a rich number, as from this angle it makes zero sense. It smacks of a desperation to sell, when by all management’s prior statements, it was firing on all cylinders. We are skeptical that there was a close alignment between the interests of the top dogs and the wider shareholder base.
It is well-managed with revenue of about $5.74-billion and a reasonable debt load of $1.49-billion. Sales have been mounting year after year, and the bottom line has been a healthy black for the past decade, with one blemish in 2013. Its full ownership of the Canadian Malartic mine in Quebec, with an estimated mine life to 2039 and all-in sustaining costs that should be under $750 a gold ounce in the future, will animate the income statement.
Setting initial sell targets for Agnico and Pan American is where things get complicated. In this case, we feel that the former could hit $85 and the latter $35. If the integration of the mines goes very well, these targets could be low.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
'These guys are serious,' Industry Minister once said of VW. He was rightFrançois-Philippe Champagne's Volkswagen comment during an elevator ride took a tone more earnest than most during his salesmanship. Something, it seemed, was different about this prospect. A lire avant de vendre ou acheter !
더 많은 것을 읽으십시오 »