Cramer's 'Mad Money' Recap: Biotech Buys

Stock quotes in this article: GILD , TMO , OPTM , AUY  

The mines that Yamana owns are "very large operations," Marrone said. Because of the mines' size, scope and scale of operations, the company is able to produce gold at a relatively low cost, he explained.

Every ounce of gold Yamana produces has a cash cost that is relatively low because of the byproduct credits the company receives from its copper production, Marrone went on to say.

And in 2007 and 2008, the cash cost will be negative, which means it won't cost anything for Yamana to produce gold.

When Cramer asked about the company's acquisition opportunities, Marrone said there are a lot of things to acquire and that once Yamana's stock price gets consistent with those of its peers, there are lots of opportunities the company could look at in Latin America.

Cramer advised investors looking to own a gold stock to look at Yamana.

Lightning Round

Cramer was bullish on Thermo Fisher Scientific (TMO Quote), Marvell Technology (MRVL Quote), Companhia Vale do Rio (RIO Quote), Hewlett-Packard (HPQ Quote), USG (USG Quote), Community Bank System (CBU Quote) and Daktronics (DAKT Quote).

Cramer was bearish on Mindray Medical International (MR Quote), Internap Network Services (INAP Quote), Intuitive Surgical (ISRG Quote), Amphenol (APH Quote), Rio Tinto (RTP Quote), BHP Billiton (BHP Quote), Systemax (SYX Quote) and Peabody Energy (BTU Quote).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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At the time of publication, Cramer was long Marvell Tech and Hewlett-Packard.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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