Barrick Gold Corp

Barrick Gold (ABX) wants to achieve positive free cash flow even at a gold price of $1,000 per ounce.

Barrick Gold achieved all-in sustaining costs of $831 per ounce for 2015. This AISC was below the 40th percentile of the global industry cost curve.

While gold miners try to limit their exposure to safe jurisdictions, it’s important to look at geographic exposure and its implications on their prospects.

It’s important to understand not only miners’ geography but also their revenue composition in terms of commodity exposure.

While gold miners (GDX) are trying hard to limit their exposure to safe jurisdictions, it’s important to look at their geographic exposure and the implications it could have on their future prospects.

In the precious metals mining industry, there are some stocks that to an extent follow the price and market sentiment of the precious metals.

After getting a good start to the year—driven by strong demand from Asia, the Greek crisis, and the Swiss currency cap removal—gold prices started pulling back in April.

The Pueblo Viejo mine is a joint venture between Barrick Gold Corporation (ABX) at 60% and Goldcorp (GG) at 40%.

Barrick Gold (ABX) reported its 3Q15 results on October 28 after market hours and held its conference call the next day. Its results beat market expectations.

After the VW scandal, platinum prices jumped to an almost two-week high, again entering the $1,000 territory after hitting a low of $893.4 on October 2.

For 2Q15, Newmont has been the most successful YoY in cost cutting. It had a reduction of 14.50%—mainly due to a rise in productivity and efficiency improvements.

In a weaker commodity price environment, a company’s short-term liquidity might come under more pressure. It could be forced to take drastic measures.

Yamana Gold (AUY) expects higher gold production in the second half of the year compared to the first half of the year. It’s expected to be more than 15% higher.

Gold prices, as tracked by the SPDR Gold Trust (GLD), have significantly outperformed the VanEck Vectors Gold Miners Index (GDX) since 2008.

Deleveraging can affect gold and other bullion prices, as well as exchange-traded funds such as the iShares Gold Trust ETF (IAU) and the iShares Silver Trust ETF (SLV).

The benchmark US ten-year note yield fell by eight basis points, or 0.08%, to 1.96% as of Monday, August 24. Recent buying ended a bearish period in gold.

So far, Barrick has achieved 90% of its 2015 debt reduction target of $3 billion, mainly thanks to asset monetization.

Barrick Gold (ABX) is focused on reducing operating expenses. The company’s all-in sustaining costs to produce gold in 2Q15 totaled $895 per ounce. In 1Q15, costs came in at $927 per ounce.

Barrick has reduced its 2015 gold production guidance to 6.1 million to 6.4 million ounces from 6.2 million to 6.6 million ounces.

In this series, we’ll analyze Barrick Gold’s 2Q15 results. Barrick stock reacted positively to its earnings report, its improved cost guidance, and its progress toward reducing its debt.

Gold prices have been steadily falling since the last week of June. As of August 11, gold prices (GLD) have fallen by 4.40% in a month.

The Peñasquito mine contains gold, silver, lead, and zinc. It achieved its first commercial production in 2010, on schedule and on budget.

Gold touched its lowest level on July 24. Its price fell to $1,073.70. Miner ETFs have suffered more than gold prices themselves.

In 2Q15, Goldcorp achieved record gold production of 908,000 ounces. The Peñasquito mine in Mexico posted a record 298,000 ounces—33% of total gold production.

Goldcorp announced its 2Q15 results on July 30. The company’s gold production showed very strong growth at 25.3% quarter-over-quarter.

Newmont Mining’s (NEM) attributable gold production for 2Q15 was 1.24 million ounces. This is higher by 0.2 million ounces compared to the same quarter last year.

Newmont Mining (NEM) announced its 2Q15 results on July 22. It reported adjusted EPS of $0.26 and adjusted EBITDA of $692 million.

In its 2Q15 earnings release, Newmont Mining (NEM) reported net income attributable to shareholders of $131 million, or $0.26 per share. This compares to $101 million, or $0.20 per share, in 2Q14.

The CC&V mine acquisition will help Newmont achieve a lower-cost profile. The mine’s cost attributable to sales and all-in sustaining costs are lower than Newmont’s current averages.

Newmont Mining is the world’s second-largest gold producer. In this series, we’ll analyze various steps taken by Newmont toward asset optimization.

Newmont stated during its 4Q14 earnings call that it is analyzing potential opportunities to pay its liabilities in advance.

Analysts’ sales estimate for Newmont is $1.93 billion for 1Q15 compared to $1.80 billion in 4Q14.

A declining on-warrant copper inventory means that more metal is being booked for delivery. This is generally associated with stronger demand.

Newmont Mining is the world’s second largest gold producer. It’s the only gold company included in the S&P 500 Index and Fortune 500.

India’s real interest rate has moved up rapidly in the last few months due to declining inflation.

In 2014, inflation expectations were 2.8% to 3.3%. In January 2015, expectations dropped to 2.5%, the lowest since September 2010.

Freeport’s key historical timeline starts more than a century ago when Freeport Sulphur established the city of Freeport, Texas, near its sulphur mine.

In this series, we’ll look at some gold indicators investors can track to get a sense of what direction the price of gold will take.

China overtook the US and Japan as the premier manufacturing location. China doesn’t have sufficient copper reserves, leading to the global copper trade.

Cathodes are not used directly by copper consumers. Cathodes are melted and cast into shapes based on end usage, such as cakes, ingots, rods, and billets.

Because of its excellent heat transfer capabilities, copper is also widely used in producing heat exchange equipment and other uses in extreme environments.

Mining giants Rio Tinto and BHP Billiton have diversified portfolios of iron ore, aluminum, and copper assets, with most revenues coming from iron ore.

Newmont Mining has a strong project pipeline of 16 projects across different stages of development throughout the world.

It’s important to understand GEO or gold equivalent ounces because gold companies like Goldcorp (GG), Barrick Gold (ABX), Newmont Mining (NEM), and Kinross (KGC), measure their production and reserves in different ways. You need to make sure you’re comparing apples to apples.

Gold mining companies like Goldcorp Inc. (GG), Barrick Gold Corp. (ABX), and Newmont Mining Inc. (NEM) report cash costs, total cash costs, total costs, and all-in cash costs. It can be very confusing for investors to understand exactly what’s what here.

In the gold industry, substantial discrepancies exist between the actual costs incurred and the costs reported by the companies. In this part, we’ll discuss different methodologies and how effective they are at representing a company’s true costs.

An inflation hedge is basically an investment that’s expected to increase its value over a specific period of time. Gold might not have a linear relationship with inflation. However, it’s probably better than most of the investment alternatives available. It protects the portfolio against inflation.

Gold is an unusual metal. It exists in the Earth’s crust as an element. It’s not chemically combined with other metals. Silver and copper are the only other metals naturally found in their elemental form.

Investing in gold is complex. It’s challenging because it’s hard to predict gold prices in the future. However, there are many indicators that investors can track. The indicators help to determine the direction that gold prices will take.