Yamana Gold, Inc. engages in the acquisition, financing, exploration, development, and operation of precious metal mining properties in Brazil, Argentina, Honduras, and Nicaragua. It primarily produces gold. The company owns, or holds interests in, and/or operates various properties principally comprising the Sao Francisco, Sao Vicente, and Fazenda Nova/Lavrinha properties, as well as the Chapada copper-gold project, the Fazenda Brasileiro gold mines, and the Jacobina gold mine in Brazil. It also owns or holds interests in the San Andres gold mine and prospective exploration grounds in Honduras, the Gualcamayo gold project in Argentina, and prospective exploration concessions in Nicaragua. This is the company that has been touted by Jim Cramer as the gold stock with the lowest gold procurement costs. With the US Dollar losing its value faster than water falling at he Niagara Falls, I felt that AUY would be a good investment. With its recent acquisitions, I think the company is doing the right thing of acquiring rights to more and more gold mines that will benefit the company down the line as gold keeps rising. Additionally based on 2008 earnings estimates on Yahoo, the company looks cheap on a PE basis. Down the line, I will try to do some analysis on some of the small cap gold companies out there and switch. In a recent interview on the Aaron Task's podcast, the CIO of GROW (a mutual fund company) said that there are still attractive plays in the Gold small cap arena.