Been doing quite a bit of research on this company aided by an online pal Sharebear. The company looks very interesting from initial observations and with POG on the up and up and Gold experts predicting it will hit $425 post xmas, this company could face a very interesting and exciting future.

The epic is not yet known, on the Toronto stock exchange the epic is YRI.TO and this is the principal market.

The best thing about Yamana is that it is actualy digging the gold out of the ground and selling it on the markets of the world, it also has exploration operations going on in several areas and here is the big plus.

Yamana is extracting the gold in Brazil and therefore doesnt have the problems associated with other countries, like Russia with the politics involved, and South Africa with the Rand and the black empowerment programme.

I certainly think its worth a punt but as always please DYOR, please remember there are extra physical risks associated with Mining companies, and you are responsible for your own Buying and Selling actions.

cheers GF,

nb, more research to come.

That's one of the things that makes me uneasy about buying any share, not just this one, that trades on another market - there was obviously profit taking in Toronto which made it drop 4p over here.

I don't know where the buyers are coming in from GF? One buyer today, according to ADVFN, who bought 196 shares.

Spot on scottie and it was the same for Bema until the analysts in this country got their lazy backsides up and started researching the stock. Bema bought at 154 and 162p now 240p plus, and thats without any fair UK coverage.

Give them the coverage and they will move beleive me.

cheers GF.

Moving in the wrong direction at the moment - marked down another 6p. They will be a good buying opportunity at some point.

North Americans more prepared to take a profit than we are, lower spreads.

Yamana as had a very good run upwards and the same goes for Bema. As long as POG holds above $400 these two will come good just a question of patience. By the way had another look at your gold tip out of oxus and it does seem to look better the more research you do on it. May go in.

cheers gf.

An excelent set of results laying the foundations for further Growth.

Yamana Gold INC
04 December 2003

News Release October 24, 2003
Page 1 of 5


Yamana Lays Foundation for Growth
(all figures in US$ unless otherwise stated)

Yamana Gold Inc. (YRI - TSX) announces quarterly results for the six month
period ended August 31, 2003. The most significant change in the quarter is the
major transformation of the company as a result of the acquisition of certain
assets. The principal changes are:

1. Acquisition of the operating mine Fazenda Brasileiro in Brazil for cash
consideration of $20.9 million,

2. Acquisition of advanced production stage gold projects Sao Francisco,
Sao Vicente and Fazenda Nova/Lavrinha and an advanced production
stage copper-gold project Chapada in Brazil for share consideration

3. Raised Cdn $55.5 million through the issue of subscription receipts,

4. Changed name to Yamana Gold Inc., and

5. Completed a share consolidation on the basis of one new share for each
27.86 shares held.

According to Yamana's President and CEO Peter Marrone these changes create a
substantive company with a diversified portfolio of mining assets comprised of a
producing mine, several production stage properties and an unparalleled
exploration land position in Brazil.

'We are a substantive gold producer with exceptional production growth in the
next few years. Combined with the Chapada copper/gold project, our leverage to
increasing gold and copper prices is excellent. Yamana produces at an annual
rate of 100,000 ounces gold per year and has the team to create significant
additional value by bringing the current late stage project pipeline to
production.

We are in a strong cash position. The cash balance as at August 31, 2003 is
$14.7 million and the company has no debt. We raised Cdn $55.5 million in July
and as at the quarter end there was a working capital surplus of $15.5 million.

The third quarter will bring the gold revenue and cash flow that will underpin
the company's activities in Brazil. The company expects to produce over 60,000
ounces of gold for the last six months of the fiscal year (for an annualized
100,000 ounces gold per year). Various cost reduction programs have been
implemented at the mine and Yamana continues to look at additional measures for
reducing cash costs per ounce.'

The loss for the second quarter was $1.7 million ($0.12 per share). Gold
production for the 16 days from the newly acquired Fazenda Brasileiro Mine was
3,723 ounces of gold. No revenue or cost of sales has been recognized as the
gold produced was not sold until late September 2003.

Yamana is a Canadian intermediate gold producer with significant production,
development stage properties, exploration properties and land positions in all
major mineral areas in Brazil. Yamana also holds gold exploration properties in
Argentina subject to earn-in by the Peruvian gold producers Buenaventura and
Hochshild. Company management plans to build on this base by targeting other
gold consolidation opportunities in Brazil and elsewhere in Latin America.

For further information, contact
Peter Marrone
President & Chief Executive Officer
(416) 815-0220
E-mail: investor@yamana.com

cheers Gf.

First time its been up in over a week, is this the turning point?.

GF

Not done bad out of this one. Initially bought at 119p and was a bottom drawer stock.

Was going to get shot but I think Ill leave it for a few more years.

Thread header slightly misleading and out of date.

Appologies for that.