Although gold has been has high over $1000 per ounce it closed on Friday at sterling high for the year because of the weakness against the $.
It closed at £531.91($817.5)
Looking at this company Yamana Gold Inc.It is a low cost gold producer and is highly rated by the gold buffs.
Yamana Gold Inc. is a Canadian-based gold producer with significant gold production including other precious metals and copper, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Central America. Yamana has seven operating mines and five development projects providing direct employment opportunities to over 8,700 individuals.
The company is targeting sustainable production at 2 million gold equivalent ounces in 2012.
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