The Company is an intermediate gold producer engaged in the acquisition, exploration, development and operation of mineral properties in Brazil, Argentina, Honduras and Nicaragua.
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At $8 it's barely above book value and forward p/e is near 10. I'm no economic genius but I think gold is a good investment while the dollar remains weak and the economy in general is in the tank, which I think will be the case for another year or two. AUY also pays a dividend similar to a money market acct interest so why not unpark some of that spare cash now?