Yamana Gold has been heavily battered due to its buyout of Meridian Gold and Northern Orion in 2007 and the conditions of the market in 2008.

But with these now behind us, the overhang of merger uncertainty has been lifted and the stock has sharply rallied off its 52-week low.

For a gold-bug, that's exactly what we want to see; a solid company that's emerging into a world-class developer.

The big picture for Yamana is a great portfolio of first-rate mines in Central and South America, booming earnings, rising positive cash-flow and production costs of $339 per ounce.

Need proof?? Have a look at the following 2005 press release.

http://www.yamana.com/NewsEvents/Pre...

According to that they surpassed the shareholders expectations