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Yamana's Marrone: chasing scale for relevance 'a mug's game'

In an epoch which is being defined by large gold miners getting together to become even larger, chasing scale for relevance in the hope of becoming more investable is a “mug’s game” according to Peter Marrone, executive chair of Yamana Gold.

Yamana's Marrone: chasing scale for relevance 'a mug's game' Yamana's Marrone: chasing scale for relevance 'a mug's game' Yamana's Marrone: chasing scale for relevance 'a mug's game' Yamana's Marrone: chasing scale for relevance 'a mug's game' Yamana's Marrone: chasing scale for relevance 'a mug's game'

Yamana Gold's Jacobina in Brazil

For Marrone, shrewd investment to grow outsized value will eventually be recognized by the market and a higher multiple to net asset value will eventually follow in the share price.