Goldcorp Inc

On August 27, Goldcorp (GG) announced that it has entered into an agreement with New Gold (NGD) to acquire its 30% interest in the El Morro gold-copper project in Chile.

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.

Goldcorp (GG) announced on August 27 that it has bought the remaining 30% stake of El Morro from New Gold (NGD).

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

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.

The BEA released the PCE inflation index for June on August 3, 2015. PCE inflation rose 0.30%—a pace that hasn’t been seen since December 2014.

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.

Goldcorp has the strongest balance sheet in its peer group. Goldcorp’s liquidity is also comfortable at $3.2 billion, including $940 million in cash and cash equivalents.

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

Goldcorp reported a strong reduction in all-in sustaining costs (or AISC) for 2Q15. AISC came in at $846 per ounce, compared with $885 per ounce in 1Q15 and $852 in 2Q14.

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.

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

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.

The US Consumer Price Index reading for the month of January was -0.1%. This is the first negative US inflation reading since October 2009.

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.

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.