Yamana Gold Inc - Founder and Executive Chairman, Peter Marrone
Founder and Executive Chairman, Peter Marrone
Source: Young Mining Professionals
  • Mining giant, Yamana Gold (YRI) is advancing its application to list of the London Stock Exchange
  • The company is currently in the advanced stages of the application process and expects to begin listing on the LSE’s main market with the next few months
  • Once listed, Yamana hopes to stand out as one the few pure-play high-producing gold companies listed on the UK and European markets
  • Meanwhile, a expanded and diversified investor base will provide Yamana with increased liquidity, during the recent strong gold price
  • Yamana Gold (YRI) is up 2.38 per cent and is trading at C$7.75 per share

Mining giant, Yamana Gold (YRI) is advancing its application to list of the London Stock Exchange. 

The company is currently in the advanced stages of the application process and expects to begin listing on the LSE’s main market with the next few months.  By adding a third listing to its two current NYSE and TSX listings, the company hopes to entice European investors into its public float. 

Once listed, Yamana aims to become the investment of choice for those looking for a strong dividend with significant exposure to gold. Currently, the LSE has a limited number of gold-only producers with an annual production exceeding one million ounces. 

As a result, Yamana hopes its secure mining position within The Americas will help it stand out as a new high-quality investment in the UK and European markets. 

Meanwhile, an expanded and diversified investor base will provide Yamana with increased liquidity, during the recent strong gold price.

Peter Marrone, Executive Chairman of Yamana Gold, said this was an ideal time to be joining the exchange.

“Yamana is in as strong a position as it has ever been, with a strong and rising cash flow profile, an outstanding portfolio of producing mines and projects, and a number of compelling opportunities to grow organically.

“Significant upside for gold equities remains, driven by recent events and the macroeconomic backdrop. As an Americas-focussed gold producer, with a first-class management team and board, alongside a healthy dividend yield, Yamana offers a new, high-quality investment choice for the European investor looking for long-term exposure to gold,” he said. 

The company is not planning to raise any equity capital in tandem with the listing. 

Yamana Gold (YRI) is up 2.38 per cent and is trading at C$7.75 per share at 11:49am EDT.

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