Considering core competencies
Yamana Gold (NYSE: AUY) has divested non-core assets recently, raising some cash in the process. Although I believe the company may continue to focus upon existing projects, one opportunity leaps out at me as the perfect golden pairing. Yamana already mines massive quantities of copper, and micro-cap Taseko Mines (AMEX: TGB) seems to lack the resources to develop the aptly named Prosperity project and unlock its 4.7 million ounces of gold reserves. With an enterprise value of just $381 million, or $81 per ounce of gold, Taseko is a steal even without considering the low-cost, operational Gibraltar mine and the company's 4 billion pounds of copper reserves. A Taseko purchase would leverage Yamana's dual expertise in copper and gold, while Taseko shareholders could find Prosperity.

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