Anglogold Ashanti Ltd

The ETFS Physical Swiss Gold (SGOL) and the ETFS Physical Silver (SIVR) have risen 8.5% and 4.1%, respectively, on a year-to-date basis as of May 18, 2017.

While the US dollar has seen a decline in 2017, the increased possibility of a Fed rate hike in June could give the currency some breathing room.

As global tumult grips markets and investors turn to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to precious metals.

All four precious metals witnessed a rise in price on Monday, March 20, as the US dollar slipped to its six-week low.

As of March 15, the volatilities of Silver Wheaton, AngloGold Ashanti, Hecla Mining, and Kinross Gold were 38.2%, 36.2%, 29.3%, and 40.6%, respectively.

Barrick Gold’s (ABX) management has defined value creation for shareholders in terms of FCF (free cash flow) per share.

It’s important to monitor the implied volatilities and RSI levels of large mining stocks, particularly in the wake of the changes in precious metal prices.

Mining companies that have high correlations with gold include Agnico Eagle Mines (AEM), Alacer Gold (ASR), Alamos Gold (AGI), and AngloGold Ashanti (AU).

Mining companies that have high correlations with gold include Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).

Mining stocks and gold Although precious metals were doing well at the beginning of 2016, it’s important to know which mining stocks overperformed and underperformed precious metals. Precious metal prices have been falling since Donald Trump won the US presidential election on November 8, 2016. As a result, mining stocks have also been falling. Mining […]

Mining companies that have high correlations with gold include Cia de Minas Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).

The precious metals price correction that happened on September 2, 2016, extended to September 6. How did equities and funds respond?

South Africa’s unemployment rate was as high as 25% in 2015. The high unemployment rate has been a serious issue in the country for several years now.

The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.

From the start of 2015 to January 8, 2016, the prices of gold (GLD) have fallen by 7% and the VanEck Vectors Gold Miners Index (GDX) has fallen by 23%.

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

Newmont Mining outlined its capital allocation priorities. Management mentioned that they aim to fund their projects through cash generated from core operations.

Tracked by the Federal Reserve, the weekly US Dollar Index (UUP) measures the value of the dollar compared to its six significant trading partners.

The Nile Pan Africa A Fund (NAFAX) invests at least 80% of its portfolio in the stocks of Africa-based companies. The majority of the fund’s exposure is in South Africa.

Gold reserve growth is a key revenue driver for miners. It’s thus important for gold miners to continue replacing every ounce of gold they produce and sell.

The turnaround from the direction that gold was headed during the last month has also supported silver prices. Silver fell marginally by 0.68% last month.

The Cripple Creek & Victor mine is located near Colorado Springs, Colorado. It’s and open-pit mine that has been operational since 1995.

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

Gold usually has a direct relationship to inflation. Gold demand increases during periods of high inflation and falls when inflation is low.