Anglogold Ashanti Ltd

Most Recent

  • uploads///Shar eprice perf
    Company & Industry Overviews

    Why Harmony Gold Rose Strongly after Beating Estimates

    Harmony Gold’s (HMY) revenues came in higher than analysts’ estimates while its all-in sustaining costs were lower than market expectations.

    By Anuradha Garg
  • uploads///Highlights
    Earnings Report

    Understanding IAMGOLD’s 2Q17 Earnings Highlights

    IAMGOLD’s (IAG) 2Q17 production was 223,000 ounces of gold—growth of 26,000 ounces or 13% year-over-year (or YoY).

    By Anuradha Garg
  • uploads///AISC
    Earnings Report

    How Did AngloGold Reduce Its Costs despite Lower Production?

    AngloGold Ashanti that for the last three years, its management’s focus has been on the widening of its margins on a sustainable basis.

    By Anuradha Garg
  • uploads///edffdbcfbacfbbbdcbfa
    Macroeconomic Analysis

    Chinese, Indian Demand for Gold Is Rising

    India and China, the two largest consumers of gold, make up about 50% of gold’s global demand. Gold is treated more as a commodity in these two countries.

    By Meera Shawn
  • uploads///Gold Platinum Spread versus Gold Palladium Spread
    Macroeconomic Analysis

    How the Dollar’s High Jump Pushes Precious Metals Down

    The US dollar rose sharply on November 4. Precious metals have overall seen a volatile past month, but on November 4, palladium dropped the most by 12.10%.

    By Meera Shawn
  • uploads///Production
    Earnings Report

    Is There a Significant Upside to Goldcorp’s Production Guidance?

    In 2015, Goldcorp (GG) achieved record gold production of 3.5 million ounces. This is a solid 24% growth YoY. The company achieved its production guidance of 3.3–3.6 million ounces.

    By Anuradha Garg
  • uploads///Analysts
    Macroeconomic Analysis

    Are Analysts Turning Bullish on Gold Post-Brexit?

    According to the median of 12 forecasts in a Bloomberg survey of analysts and traders, gold prices could reach as much as $1,424 per ounce by the end of the year.

    By Anuradha Garg
  • uploads///Gold versus VIX indicator
    Macroeconomic Analysis

    Are Gold and Volatility Moving Together?

    The rise in precious metals over the last few months has been due to insecurity among investors, given the political climate.

    By Meera Shawn
  • uploads///Gold price versus US Ten year Treasury yield
    Macroeconomic Analysis

    The Federal Reserve Minutes Pushed Gold Higher

    As the Federal Reserve released minutes from its December meeting, gold prices jumped higher.

    By Meera Shawn
  • uploads///NEM
    Basic Materials

    Newmont Mining’s Project Pipeline Update in 3Q17

    Newmont Mining is expected to complete the expansion at Northwest Exodus in 2018.

    By Anuradha Garg
  • uploads///MINER
    Miscellaneous

    The Brightest Day for Mining This Week—So Far

    Randgold Resources, AngloGold Ashanti, Hecla Mining, and IAMGOLD have risen 30.7%, 17.9%, 13%, and 31.4% YTD, respectively.

    By Meera Shawn
  • uploads///Gold versus US Two and Ten year Rate of Interest
    Basic Materials

    Will Interest Rates Have a Substantial Impact on Gold?

    The Federal Reserve is expected to raise the interest rate in its March 2018 meeting for what would be the sixth time since late 2015.

    By Meera Shawn
  • uploads///Production
    Earnings Report

    What Were the Main Factors in Kinross’s Production Guidance?

    For Kinross’s fiscal 2016 production guidance, the grade reduction at the Kupol and Chirano mines was considered.

    By Anuradha Garg
  • uploads///Costs
    Company & Industry Overviews

    AngloGold, South Africa’s Lowest-Cost Miner: Can Others Catch Up?

    AngloGold Ashanti (AU) is the lowest-cost South African gold miner.

    By Anuradha Garg
  • uploads///FCF
    Earnings Report

    Are Dividends Back on Table for AngloGold in 2016?

    AngloGold’s FCF (free cash flow) almost tripled to $108 million in 1H16, and 2Q16 was also the company’s third consecutive quarter of FCF generation.

    By Anuradha Garg
  • uploads///Commodity exposure
    Basic Materials

    What Upside Does the Sale of Batu Hijau Provide to Newmont?

    On June 30, 2016, Newmont Mining (NEM) announced the much-awaited stake sale in its Batu Hijau copper-gold mine in Indonesia.

    By Anuradha Garg
  • uploads///gold  month chart  Apr
    Company & Industry Overviews

    Gold Prices: Driven by Delayed Interest Rate Hike and Weak Dollar

    Gold prices gained 1.71% YTD (year-to-date)—despite the US Dollar Index increasing by almost 9% YTD. Prices are in a long-term downtrend.

    By Gordon Kristopher
  • uploads///Analysts
    Company & Industry Overviews

    The Word on the Street: What Analysts Are Saying about AngloGold Ashanti

    About 59% of analysts covering AngloGold Ashanti have issued “buy” recommendations. About 24% of analysts have issued “holds,” and 18% have issued “sells.”

    By Anuradha Garg
  • uploads///gold  day May
    Macroeconomic Analysis

    Gold Prices Trade Almost Flat due to Uncertainty in Greece

    COMEX-traded gold futures for June delivery rose marginally by 0.19% on May 18 and closed at $1,227.60 per ounce. Gold prices extended their rally on Monday.

    By Gordon Kristopher
  • uploads///Conclusion
    Macroeconomic Analysis

    Why Gold’s Safe-Haven Demand Remains Tepid

    Gold is often touted as the safe-haven asset that investors embrace in times of economic and political uncertainty.

    By Anuradha Garg
  • uploads///c
    Company & Industry Overviews

    South Africa’s Inflation Heads North despite Economic Slowdown

    Agricultural output was reduced due to adverse weather conditions that made food prices soar. Let’s look into some key reasons for the high inflation.

    By Pete Raine
  • uploads///Geography exposure
    Company & Industry Overviews

    Which South African Miner Offers the Optimal Geographical Mix?

    AngloGold Ashanti (AU) it is less exposed to South Africa than other South African miners. About 28% of its production comes from South Africa.

    By Anuradha Garg
  • uploads///Analysts
    Earnings Report

    What Are Analysts Recommending Now for AngloGold?

    About 59% of analysts covering AngloGold have given it “buy” recommendations. About 24% of analysts have issued “holds,” and 18% have issued “sells.”

    By Anuradha Garg
  • uploads///gold  day chart may
    Macroeconomic Analysis

    Gold Prices Remain Almost Flat Despite the Appreciating Dollar

    This series analyzes gold prices and market fundamentals. June gold futures trading on the COMEX slightly declined by 0.02% on May 22, 2015.

    By Gordon Kristopher
  • uploads///AISC_Xun_
    Company & Industry Overviews

    Which Intermediate Gold Miners Have Cost Advantages in 2H15?

    All-in sustaining costs make up a comprehensive and important cost metric for gold mining companies. A lower AISC is better for gold miners.

    By Steve Ariel
  • uploads///Production
    Company & Industry Overviews

    Can AngloGold’s Project Pipeline Provide an Upside to Its Production?

    AngloGold Ashanti’s 1Q16 production fell by 7.2% YoY to 861,000 ounces, mainly due to planned reductions at its Obuasi, Tropicana, and Morila mines.

    By Anuradha Garg
  • uploads///Project pipeline
    Basic Materials

    Is Newmont’s Project Pipeline Strong Enough to Support Growth?

    Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018.

    By Anuradha Garg
  • uploads///Exploration
    Basic Materials

    What Future Growth Options Does AngloGold Really Have?

    At its Siguiri gold mine in Guinea, AngloGold Ashanti (AU) is planning to invest about $115 million over the course of two years.

    By Anuradha Garg
  • uploads///CORRELATION
    Miscellaneous

    Analyzing the Correlation Trends of Miners in May 2017

    Over the past three years, Yamana has seen a rising correlation with gold, while AngloGold has seen a falling correlation to gold.

    By Meera Shawn
  • uploads///Project pipeline
    Earnings Report

    Is Newmont Ready to Start Long Canyon before Schedule?

    Newmont Mining (NEM) has four projects in final stages, all of which will start production either this year or next.

    By Anuradha Garg
  • uploads///GLD and GDX
    Macroeconomic Analysis

    Gold Demand Is Waning: What Investors Can Expect

    The outlook for gold demand in India is expected to remain weak due to weaker monsoons and a lack of festivities. This puts pressure of the gold demand.

    By Anuradha Garg
  • uploads///South African
    Company & Industry Overviews

    What’s in Store for South African Miners after the Fed’s Rate Hike?

    AngloGold Ashanti (AU) stock has been under pressure in 2017 and is down 2% year-to-date through March 16, 2017.

    By Anuradha Garg
  • uploads///BAML Survey
    Basic Materials

    The Most Crowded Trades Today: Assessing Gold’s Benefit

    The average cash balance is now 4.8%, which is higher than the ten-year average cash level of 4.5%.

    By Anuradha Garg
  • uploads///RSI
    Miscellaneous

    What Falling Miner RSI Levels Suggest

    The RSI levels of our four select mining giants have all increased lately due to their higher stock prices.

    By Meera Shawn
  • uploads///SA_Changes
    Miscellaneous

    Which South African Gold Miner Has Received an Upgrade?

    Sibanye Gold (SBGL) entered into an agreement with Stillwater Mining (SWC) to acquire all its stock in December 2016.

    By Anuradha Garg
  • uploads///Project pipeline
    Basic Materials

    Newmont’s Project Pipeline Remains Strong: What’s the Upside?

    Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018.

    By Anuradha Garg
  • uploads///Debt
    Basic Materials

    How Has Purchasing High-Yield Debt Helped AngloGold?

    AngloGold’s net debt fell by 32% in 1H16 over 1H15, mostly due to the sale of its Cripple Creek & Victor mine to Newmont Mining for $820 million.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    Why Barrick Gold’s Production Matters: What Could Lead to a Downgrade

    Barrick Gold (ABX) produced ~1.43 million ounces of gold in 2Q17, which represents a growth of 7% on a year-over-year basis.

    By Anuradha Garg
  • uploads///Leverage_Xun
    Company & Industry Overviews

    Weighing the Affects of Financial Leverage on Gold Miners in 2015

    Because gold mining is a capital-intensive industry, gold miners raise debt to fund their capital expenditures—a risky funding source, given interest.

    By Steve Ariel
  • uploads///Intro
    Earnings Report

    How Strong Does AngloGold’s 2H16 Need to Be to Reach Its 2016 Guidance?

    AngloGold’s 1H16 production was somewhat lower than expected due to safety stoppages in South Africa and poor recoveries at Kibali in the DRC.

    By Anuradha Garg
  • uploads///Conclusion
    Macroeconomic Analysis

    Where Are Gold Prices Headed Next?

    There are many factors that support higher gold prices in the medium- to long-term.

    By Anuradha Garg
  • uploads///Estimates
    Company & Industry Overviews

    Inside the Analyst Estimates for AngloGold

    Wall Street analysts covering AngloGold Ashanti (AU) are estimating revenue of $1 billion for 2Q16, which implies a YoY growth of 4% and QoQ growth of 7.5%.

    By Anuradha Garg
  • uploads///Top Three Sectors of the TRAMX
    Macroeconomic Analysis

    Sizing up the T. Rowe Price Africa & Middle East Fund

    The T. Rowe Price Africa & Middle East Fund invests in between 50 and 80 companies, focusing on Kenya and South Africa, as well as Saudi Arabia and the UAE.

    By David Ashworth
  • uploads///gold  day chart May
    Macroeconomic Analysis

    Improving Demand: Gold Prices Increase for the Fourth Session

    June gold futures trading on COMEX increased slightly by 0.01% on May 15, 2015, and settled at $1,225.30 per ounce. Gold prices rose for the fourth day.

    By Gordon Kristopher
  • uploads///Q Production_Xun
    Company & Industry Overviews

    Evaluating Gold Production for Intermediate Gold Miners in 2Q15

    Gold production is an important metric for gold miners, because miners generally try to increase gold production in order to reduce costs amid low prices.

    By Steve Ariel
  • uploads///Platinum Price
    Macroeconomic Analysis

    Platinum Touched Its Six-and-a-Half-Year Low in 2015

    As automobile catalysts comprise ~44% of the demand for platinum, the Volkswagen scandal curbed the demand for diesel-fueled cars that use platinum as a catalyst. This pulled down the already depressed platinum and comparatively strengthened palladium.

    By Meera Shawn
  • uploads///Valuation
    Company & Industry Overviews

    What Are the Biggest Catalysts for AngloGold’s Valuation Multiple?

    AngloGold Ashanti, one of the largest gold mining players, has an EV-to-EBITDA multiple of 5.7x—the highest among the South African mining companies.

    By Anuradha Garg
  • uploads///ETF holdings
    Macroeconomic Analysis

    Why Are Gold ETFs Losing Their Allure?

    With declining gold prices, the most famous gold ETF, the SPDR Gold Shares ETF (GLD), has also lost its allure. It’s trading at lower volume.

    By Meera Shawn
  • uploads///SA Miners
    Company & Industry Overviews

    How Could the Fed’s Decision Impact South African Miners?

    With the Federal Reserve’s rate hike decision in December 2016, the US dollar has strengthened, which could weaken the rand. In such a scenario, miners’ costs could fall.

    By Anuradha Garg
  • uploads///Shar eprice perf
    Company & Industry Overviews

    Harmony Gold: Rand Gold Price Leverage a Plus, but Concerns Remain

    Inconsistent operational performance, local labor issues, and a volatile metal price environment have impacted Harmony Gold’s (HMY) stock negatively.

    By Anuradha Garg
  • uploads///Intro
    Company & Industry Overviews

    How Are South African Gold Miners Doing Post-Brexit?

    This year has been exceptional for South African gold miners. The uptrend for the stocks has been driven by gold’s safe-haven appeal and the weak South African rand.

    By Anuradha Garg
  • uploads///West Africa
    Earnings Report

    Kinross Was Weak in West Africa in 2015: Could Things Get Better?

    Kinross Gold’s (KGC) West Africa operations consist of the Tasiast mine in Mauritania and the Chirano mine in Ghana.

    By Anuradha Garg
  • uploads///FCF Yearly
    Company & Industry Overviews

    Assessing Free Cash Flows of Intermediate Gold Miners in 2015

    FCF is important in that it is used for debt repayment, capital expenditures, and dividends or buybacks. FCF is directly related to gold industry prospects.

    By Steve Ariel
  • uploads///Debt
    Earnings Report

    Is Yamana Gold Making Any Progress in Reducing Its Debt?

    Yamana Gold is committed to reducing its net debt by $300 million by the end of 2017. The company is targeting a net debt-to-EBITDA ratio of below 1.5x.

    By Anuradha Garg
  • uploads///gold  day chart may
    Macroeconomic Analysis

    Gold Prices Extend Rally on Depreciating Dollar

    This is the fifth up day for gold prices in the last ten days. Prices increased by 0.72% more on the average up days than on the average down days over the last ten trading sessions.

    By Gordon Kristopher
  • uploads///AISC
    Company & Industry Overviews

    What Factors Are Impacting Costs for AngloGold?

    Gold prices fell by 3% YoY in 1Q16. Production dropped by 7.2% YoY. AngloGold’s total cash costs fell by 5%, and its AISC fell by 7% YoY in the same period.

    By Anuradha Garg
  • uploads///Analysts_Xun
    Company & Industry Overviews

    Interpreting Analyst Recommendations for Intermediate Gold Miners in 2015

    Tahoe Resources appears to be a favorite in gold among analysts because it had the highest percentage of “buy” recommendations at a whopping 86%.

    By Steve Ariel
  • uploads///Production
    Earnings Report

    What Could Drive Upside to Newmont’s Production in the Medium Term?

    Newmont Mining’s gold production was 1.25 million ounces of gold in 3Q16, as compared to 1.21 million ounces in 3Q15 and 1.3 million ounces in 2Q16.

    By Anuradha Garg
  • uploads///Valuation
    Earnings Report

    What Will Impact AngloGold’s Valuation Most?

    AngloGold has an EV-to-EBITDA multiple of 5.1x—the highest ratio among South African mining companies. Its estimated EBITDA margin for 2017 is 42.4%.

    By Anuradha Garg
  • uploads///Leverage
    Basic Materials

    What’s AngloGold Thinking about Dividends as Its Balance Sheet Improves?

    In 2015, AngloGold sold a mine to Newmont for $820 million. It used the proceeds to buy a part of its high-yield bond, which lowered its net debt.

    By Anuradha Garg
  • uploads///Intro
    Company & Industry Overviews

    Inside AngloGold Ashanti’s Positioning in 2016

    YTD, Sibanye Gold (SBGL) has risen by 191%, while AngloGold Ashanti (AU) and Gold Fields (GFI) have risen 180% and 100%, respectively.

    By Anuradha Garg
  • uploads///Project pipeline
    Basic Materials

    Newmont’s Project Pipeline: On Track and On Budget

    Newmont Mining (NEM) has five projects in final stages, all of which will start production either this year or next.

    By Anuradha Garg
  • uploads///South African miners
    Company & Industry Overviews

    South African Miners Enjoy Unique Factors that Merit Attention

    While South African miners can be categorized with senior or intermediate miners, there are unique factors driving South African miners that merit special attention.

    By Anuradha Garg
  • uploads///production guidance
    Company & Industry Overviews

    As Good as Gold: Analyzing Gold Miners’ Production Growth

    In 3Q15, Goldcorp (GG) posted record gold production of 922,200 ounces—2% growth quarter-over-quarter and 42% growth year-over-year.

    By Anuradha Garg
  • uploads///Net debt to ebitda_xun_new
    Company & Industry Overviews

    Net Debt-to-EBITDA Expectations for Intermediate Gold Miners in 2015

    In 2015, the average net debt-to-EBITDA ratio of the six intermediate gold miners we’ve been evaluating in this series is 0.9x—a similar level to 2014.

    By Steve Ariel
  • uploads///segment ebitda vale
    Company & Industry Overviews

    An Overview of Gold Miner Performance in 2015

    Gold miners’ stocks have underperformed most of the market indices and gold itself. GDX has significantly underperformed GLD since 2008.

    By Steve Ariel
  • uploads///Operating profit
    Earnings Report

    Gold Price Leverage at Full Play at Sibanye: How Far Can It Go?

    Since the start of 2016, Sibanye Gold has successfully played its operating leverage to the upside. While gold prices have risen by 16% year-to-date, Sibanye’s stock price has risen by a whopping 127%.

    By Anuradha Garg
  • uploads///Intro
    Company & Industry Overviews

    How Have Harmony and Sibanye Outperformed Their Peers in 2016?

    On May 27, Harmony Gold (HMY) had gained a staggering 275% year-to-date.

    By Anuradha Garg
  • uploads///Current Ratio_Xun
    Company & Industry Overviews

    Weighing Liquidity against Leverage for Intermediate Gold Miners

    Eldorado is the best-placed mining company in terms of short-term liquidity, whereas Sibanye Gold’s current ratio is the poorest-placed, as it is very low.

    By Steve Ariel
  • uploads///Costs
    Earnings Report

    These Factors Will Impact AngloGold’s Costs in 2H16

    AngloGold’s cost metrics improved during 1H16. Its AISC (all-in sustaining costs) for 1H16 reached $911 per ounce—$13 per ounce YoY improvement.

    By Anuradha Garg
  • uploads///Project pipeline
    Basic Materials

    Is Newmont Mining Poised for Growth in 2018 and Beyond?

    Future growth visibility boosts stocks. For miners, project pipelines and past execution are key factors in determining future production.

    By Anuradha Garg
  • uploads///Portfolio Composition of US Large Cap Equity Mutual Funds
    Basic Materials

    What to Do with Your US Large-Cap Mutual Funds Now?

    Even amid uncertainty in markets, it’s wise to stay with your US large-cap mutual funds. If it hasn’t been doing well, study its past before deciding.

    By David Ashworth
  • uploads///Production
    Earnings Report

    Why Is AngloGold so Confident in 2H16 after Its Slow Run Rate in 1H16?

    AngloGold’s 2Q16 production was 3% higher QoQ at 884,000 ounces. Its 1H16 production was 47% of the midpoint of its annual production guidance.

    By Anuradha Garg
  • uploads///Gold production
    Earnings Report

    Can Sibanye Achieve Its Cost Guidance for 2016?

    Sibanye Gold’s (SBGL) gold production in 1Q16 was 360,800 ounces, which is 14% higher compared to the same quarter last year.

    By Anuradha Garg
  • uploads///Goldcorp
    Earnings Report

    Can Goldcorp Surprise the Market Positively in 1Q16?

    Goldcorp is likely taking the joining of its new CEO as an opportunity to reset investors’ expectations.

    By Anuradha Garg
  • uploads///gold price and volume
    Macroeconomic Analysis

    China’s Yuan Devaluation Raises Concerns of Currency Wars

    China’s recent devaluation of the yuan by ~1.9% sent ripples through global equity markets. The yuan’s devaluation could have an adverse effect on the Fed’s possible interest rate hike.

    By Meera Shawn
  • uploads///iShares Gold Trust IAU Fund Flow
    Macroeconomic Analysis

    No Negative Fund Flows for IAU

    On March 3, when IAU stopped trading, its price was $12.17 per share. Later the price climbed to $12.37. IAU has risen about 18% on a year-to-date basis.

    By Meera Shawn
  • uploads///RDM Acquisition
    Earnings Report

    Can Yamana’s Brio Assets Rerate Significantly?

    Yamana’s Brio assets performed well during 1Q16 with declining cash costs. The company maintained that new discoveries will further improve production and costs.

    By Anuradha Garg
  • uploads///iner
    Macroeconomic Analysis

    Are Gold Miners Beating Their Key Moving Averages in 2016?

    Silver has outperformed gold over the past month. Gold and silver have risen 21% and 25.2%, respectively, since the beginning of the year.

    By Meera Shawn
  • uploads///Money supply
    Basic Materials

    Price of gold relates to growth of global money supply

    When money supply growth is used to prop up the financial and economic system instead of fuel strong economic growth, the price of gold relates to growth of the money supply.

    By Anuradha Garg
  • uploads///ETFs
    Basic Materials

    What dwindling ETF holdings mean for gold prices

    Gold ETF holdings have fallen to a fresh five-year low. Recent outflows suggest that investors might be moving into other risky assets such as equities.

    By Anuradha Garg
  • uploads///World gold production
    Basic Materials

    Why gold mine production is still growing

    Despite the fall in gold prices, production is increasing, mainly because most mines are long-term. It would hurt mine economics to shut them down in the short term.

    By Anuradha Garg
  • uploads///Mexico
    Basic Materials

    Goldcorp’s production profile is decreasing in Mexico

    Los Filos is located in the Nukay mining district in central Guerrero state in southern Mexico. Its estimated mine life is 14 years. It had 7.95 million ounces in gold reserves as of December 2013.

    By Anuradha Garg
  • uploads///Money supply
    Basic Materials

    Global money supply and its link to gold

    The gold price increase kept pace with the global money supply until recently. The relationship between the two appears to have broken.

    By Anuradha Garg
  • uploads///HMY
    Miscellaneous

    Could Harmony Gold Regain Analysts’ Lost Favor?

    According to the consensus compiled by Thomson Reuters, Harmony Gold (HMY) has “buy” ratings from 30% of the analysts covering the stock.

    By Anuradha Garg
  • uploads///Gold
    Financials

    Gold: Mark Mobius Thinks Golden Years Are Ahead

    Mark Mobius endorsed gold. He predicted that gold (GLD) might top $1,500, which came true. The commodity traded at $1,514.5 at 8:45 AM ET.

    By Mike Sonnenberg
  • uploads///FCF
    Basic Materials

    Analyzing Barrick Gold’s Free Cash Flow Upside in 2019

    Barrick Gold’s FCF was $37 million in the fourth quarter—85% lower YoY. In 2018, the FCF was $365 million—down 45% YoY.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    Barrick Gold’s Merger Could Drive Its Production Going Forward

    Production growth is a crucial variable for miners. Along with realized metal prices, production growth drives a company’s top line.

    By Anuradha Garg
  • uploads///Projects
    Basic Materials

    Newmont Mining: Upside to Its Project Pipeline

    Newmont Mining has already declared commercial production for three projects this year. The latest project is Subika Underground.

    By Anuradha Garg
  • uploads///South African
    Miscellaneous

    Could South African Miners’ Difficulties End in 2019?

    South African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX).

    By Anuradha Garg
  • uploads///Part
    Basic Materials

    What’s Next for Gold after the Newmont-Goldcorp Merger?

    Whereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be one of them.

    By Anuradha Garg
  • uploads///shiny rose gold beetle _
    Basic Materials

    Is Gold Ready to Fly in the New Year?

    In this series, we’ll look at what could influence gold demand as we step into 2019.

    By Anuradha Garg
  • uploads///Part
    Basic Materials

    Is Now the Time to Heed Dalio’s Gold Allocation Advice?

    Ray Dalio’s love for gold is well known.

    By Anuradha Garg
  • uploads///ETFs
    Miscellaneous

    Gold ETF Holdings Are on the Rise

    There is a lot of uncertainty and volatility in the current economic macro environment with trade tensions continuing and geopolitical issues ramping up.

    By Anuradha Garg
  • uploads///Ray Dalio
    Basic Materials

    Why Ray Dalio Recommends Holding 5%–10% in Gold

    Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.

    By Anuradha Garg
  • uploads///ETF Inflows
    Miscellaneous

    Gold ETF Buying Accelerates as Gold’s Safe-Haven Appeal Is Restored

    Gold ETFs have seen renewed buying interest from investors in October on increased market volatility and the equity market sell-off.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    What’s Driving Production Growth for Barrick Gold?

    Production growth is a crucial variable for miners. Along with realized metal prices, it drives a company’s top line.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    Barrick Gold’s Production Growth Profile Is Declining

    Barrick Gold (ABX) produced ~1.07 million ounces of gold in the second quarter, which reflects a decline of ~25.0% year-over-year.

    By Anuradha Garg
  • uploads///CORRELATION
    Miscellaneous

    Which Miners Are Closely Correlated to Gold?

    Over the past three years, HL and KGC have seen falling correlations with gold.

    By Meera Shawn
  • uploads///sharon mccutcheon  unsplash
    Basic Materials

    Looking at the Spread between Gold and Silver

    The gold-silver spread is 77, indicating that it takes ~77 ounces of silver to buy one ounce of gold. In May, this spread stood at 78.

    By Meera Shawn
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