Yamana Gold Inc. (YRI.TO)

Now we are through the inflation report and are into another marking time period as we wait for the vote and results. On the 26th of August we get GFI's earnings which they have projected to be was follows:

Gold Fields Limited (GFI) advises that headline earnings per share for the six months ended 30 June 2022 (H1 2022) are expected to range from $0.56-0.60 per share ($0.11-0.15 per share higher), which is 24% to 33% higher than the headline earnings of $0.45 per share reported for the six months ended 30 June 2021 (H1 2021). The increase in headline earnings is driven by higher production and gold price, partially offset by higher costs.

Basic earnings per share for H1 2021 are expected to range from $0.55-0.59 per share $0.11- 0.15 per share higher), which is 25% to 34% higher than the basic earnings of $0.44 per share reported for H1 2021.

Normalized earnings per share for H1 2022 are expected to range from $0.54-0.58 per share ($0.05-0.09 per share higher), which is 10% to 18% higher than the normalized earnings of $0.49 per share reported for H1 2021.

Nice bump up for a Monday, not sure what news it is based on. Perhaps the fact that gold is above $1,800 again? Perhaps because confidence in the deal is rising (doubt it)?
Another thing I am looking for is a currency crisis. Will it be the Euro? Ruble? Yuan? Brazilian Real? Will it be any of the southeast asian economies that are sucking mud as exports fall? And why do I raise the subject?
I raise the subject because gold does incredibly well in a currency crisis. The notion that the currency and interest rate derivative market and its trillions of unregulated trading volume is actually balanced is absurd. I can not see what currency it will be, or what derivative market but I am on high alert that within 6 months we will have at least one currency collapse and its associated contagion.

Earnings are in with a net of .09 for Q2 and above expectations of the market. What has become clear is that Malartic is about to blow the lid off of its growth profile. There will be a second ramp, shaft and lift that can provide another 20 tons per day for the processing plant that will be running at less than 50% of its 55-60 thousand tons per day capacity. Additionally there will be some open pit opportunities from near surface open pits at Camflo and within the Malartic complex to bring the processing rate near 50,000 tons per day. Malartic can produce one point million to one point four million ounces of gold quite easily for over 20 years. If this buyout by GFI fails, Yamana will do just fine...

Yamana's growth potential at Malartic/Odyssey.
Malartic currently has a nameplate capacity of 55,000 tons of ore per day, the mine actually runs 60,000 tons per day. The planned Odyssey mine with one shaft to the underground ore is planned to produce higher grade ore but only 20,000 tons per day, (sustaining production at 500-600 thousand ounces per year for over 40 years (new estimates). I wondered why the ore from Wasamac was not being transported by train to Malartic for processing given the extra capacity of the plant and the short distance. Now we are learning that there will be a second shaft and several open pit operations developed at the Malartic & Camflo properties that will take the plant back to its 55,000 tons per day capacity - - - and it now makes sense. Production from the higher grade underground ores will be in the 1.1 to 1.4 million ounce per year range for over two decades when this is fully operational. A fantastic growth story is in the making for Yamana and Agnico Eagle!