Ring in the new year with more stocks for 2008.
I can imagine what you're thinking: "Wasn't this the guy yawning over Yamana Gold
As I've been saying since late summer, and as the company itself has been making clear since its October investor day, Yamana is now an organic growth story. And by that, I don't mean something you might read on a carton of eggs at your local Whole Foods Market. The company has a very deep pipeline of internal development prospects in select mining-friendly districts throughout Latin America. There are also assets in not-so-friendly districts, namely the Esquel property, but Yamana has tabled possible development there, in response to community opposition.
Every gold miner has prospects, of course. Without execution, prospects and a quarter will buy you a gumball. Through its successful construction and ramp-up of the Chapada mine in Brazil, Yamana has proven itself as a mine builder. Agnico-Eagle
If we're looking to be conservative, there are of course larger, more established operators to choose from, like Barrick Gold
Along those lines, Yamana has projected 120% production growth between now and 2012. The company is quite explicit in how this is to be achieved. In fact, there are no fewer than 12 bullet points outlining the roadmap to 2012 in the third-quarter financial report. I've come to recognize the high quality of Yamana's shareholder disclosures. Combined with the tenacity and laser-like focus of its management team, this company is quite likely to be one of the next decade's market-killers.
If you agree that Yamana will have a terrific 2008, then head on over to Motley Fool CAPS and rate Yamana "outperform." We'll be tracking the results of your votes, and will declare a winner early in the new year. New year, new Yamana -- make it happen, Fool.
Fool contributor Toby Shute may be a budding gold bug, but he doesn't have a position in any company mentioned. Whole Foods is a Motley Fool Stock Advisor selection. The Motley Fool has a disclosure policy.