Goldcorp’s (GG) all-in sustaining costs (or AISC) in 4Q16 were $747 per ounce, a fall of 24% year-over-year (or YoY) and 8% quarter-over-quarter.
Goldcorp (GG) reported a stronger-than-expected 4Q16, outlining a clear path to production growth and cost improvement in the quarter.
Goldcorp’s gold production fell 16% year-over-year in 4Q16 to 761,000 ounces. The company’s management had guided for 2.8 million–3.1 million ounces of gold production in 2016.
After years of cutting back on sustained capital expenditure, gold miners started to refocus on production growth in 2016, as gold prices (GLD) remained buoyant.
Goldcorp (GG) reported its 4Q16 results after the market closed on February 15, 2017. It held a conference call the next day to discuss the results.
Barrick Gold’s (ABX) management has defined value creation for shareholders in terms of FCF (free cash flow) per share.
High financial leverage is one of the biggest investor concerns for Barrick Gold (ABX).
Barrick Gold is very competitive as far as AISC is concerned. In fact, it’s the lowest-cost senior gold producer.
Barrick Gold (ABX) reported a 6.5% fall in reserves for 2016, which totaled 85.9 million ounces.
In 4Q16, ABX’s gold production was ~1.5 million ounces, a fall of 11.0% year-over-year. The fall was mainly due to asset sales in 2015 and 1Q16.
Barrick Gold (ABX) reported its 4Q16 results on February 15, 2017. Adjusted EPS was $0.22, which was higher than the consensus estimate of $0.20.
After Chemours’ 4Q16 earnings, 38.0% of the analysts recommended a “buy” for the stock, 50.0% recommended a “hold,” and 12.0% recommended a “sell.”
Chemours’ (CC) Fluoroproducts segment reported revenue of $569 million in 4Q16—an increase of 10.5% compared to $515 million in 4Q15.
Chemours’ (CC) Titanium Technologies segment reported revenue of $623 million in 4Q16—an increase of 5.8% compared to $589 million in 4Q15.
Chemours reported adjusted EPS of $0.08 and missed analysts’ estimate of $0.28. The EPS mainly excludes $335 million related to the PFOA settlement charge.
Chemours (CC) reported its 4Q16 results on February 15, 2017, after the markets closed. Chemours reported 4Q16 revenue of $1.32 billion.
On a YTD (year-to-date) basis, First Majestic Silver (AG), B2Gold (BTG), Royal Gold (RGLD), and Goldcorp (GG) have seen reasonable rises in their stock prices.
Precious metals prices have risen from the ten-month lows they saw in December 2016. As a result, most mining stocks have also risen substantially.
Precious metals mining stocks are known to closely track the performances of their respective precious metals. Notably, mining stocks often show more volatility than precious metals themselves.
After maintaining stability for three consecutive trading days amid mixed sentiment, crude oil prices are weaker in the early hours on February 17.