start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter


Argentina and "The Macri Factor" on mining stocks

So I got to thinking about all this hype on Argentina being newly business friendly and welcoming and the new wonderful and after a bit, it occurred to me to put together an unscientific comparative chart of a few mining tickers against Yamana Gold (AUY) (, what with that one having the most direct exposure to Argentina of its production mix (Gualcamayo, Alumbrera etc) as well as development projects (Cerro Moro, Suyai). And here's what came out:

Seems to be more hot air than substance. By the way, the one Tier 1 I left out was Goldcorp because it has its own significant exposure to Argentina and (but?) its own  unconnected travails right now. That one is about 20% down, just less than AUY.