Kinross Gold Corp

Latest Kinross Gold Corp News and Updates

  • uploads///Valuation
    Materials

    Watch for These Valuation Catalysts in Gold Miners’ 3Q17 Earnings

    Of all the miners (GDX) we’ve discussed in this series, Agnico Eagle Mines (AEM) has the highest EV-to-forward-EBITDA multiple of 12.0x.

    By Anuradha Garg
  • uploads///Intro
    Miscellaneous

    The Outlook for Gold amid Volatility

    As of May 17, 2017, the price of gold has risen ~10% year-to-date. It’s been very volatile lately. In this series, we’ll look at the factors responsible for gold’s gain and reversal in 2017.

    By Anuradha Garg
  • uploads///Production
    Earnings Report

    Behind Kinross’s Production Growth in 2017

    Kinross Gold (KGC) produced 671,956 GEOs (gold equivalent ounces) in 1Q17, which represents a 2.3% year-over-year decline and a sequential drop of 10.0%.

    By Anuradha Garg
  • uploads///AISC
    Materials

    Goldcorp’s cost reduction compared to its peers

    Goldcorp’s (GG) all-in sustaining costs (or AISC) are falling. In 2013, its AISC was $1,031 per ounce. It expects the AISC to be in the range of $950–$1,000 for 2014.

    By Anuradha Garg
  • uploads///Financial leverage
    Company & Industry Overviews

    Financial Leverage Is Less of a Concern for Coeur Mining’s Investors

    Coeur Mining (CDE) repaid $109.3 million of its debt in 3Q16. After this, the company’s interest expenses fell 26% quarter-over-quarter and 35% year-over-year.

    By Anuradha Garg
  • uploads///Intro
    Materials

    Key Insights from Goldcorp’s 3Q17 Earnings

    Goldcorp (GG) reported its 3Q17 results after the market closed on October 25, 2017. It reported EPS (earnings per share) of $0.13, which beat analysts’ expectations by $0.02.

    By Anuradha Garg
  • uploads///Analysts Ratings
    Miscellaneous

    How Analysts Rate Senior Gold Miners after Their 1Q17 Announcements

    Among the senior gold miners (GDX), analysts are the most bullish on Newmont Mining (NEM), giving it 53% “buy” and 42% “hold” ratings.

    By Anuradha Garg
  • uploads///Miners performance
    Materials

    Assessing variables that drive the outlook for gold prices

    Physical buying from China and India should support the demand for gold. But a rate hike by the Fed could be the catalyst that could take gold down.

    By Anuradha Garg
  • uploads///AISC
    Materials

    These Gold Miners Surprised Us with Unit Costs in 3Q17

    AISC (all-in sustaining costs) are an encompassing measure that helps compare miners’ performance—a vital metric for investors. They show the company’s margin cushion at prevailing gold prices (GLD)(IAU).

    By Anuradha Garg
  • uploads///US NFP
    Materials

    How US labor conditions impact gold investors

    It’s important to keep an eye on labor conditions since they offer a look at the future direction of gold prices and ultimately gold-backed ETFs.

    By Anuradha Garg
  • uploads///Gold versus Two and Ten Year Interest Rates
    Materials

    How Do US Economic Numbers Play on Gold?

    Economic data from the United States on Tuesday, July 21, 2016, on home starts and building permits affected gold and other precious metals to a certain extent.

    By Meera Shawn
  • uploads///Current ratio
    Company & Industry Overviews

    A Look at Gold Miners’ Liquidity Positions

    Along with a good solvency position, Kinross Gold (KGC) also has a comfortable liquidity position with a current ratio of 3.9x.

    By Anuradha Garg
  • uploads///Valuation
    Materials

    Which Gold Miners Could Offer Valuation Upsides after Q2 2018?

    The average ratio of the NYSE Arca Gold Miners Index and the S&P 500 Index (SPY) is 0.18 compared to the ten-year average of 0.68.

    By Anuradha Garg
  • uploads///Prod_Uodate
    Materials

    Newmont Mining: Analyzing Its Production Drivers

    In the fourth quarter, Newmont Mining (NEM) produced 1.44 million ounces—a rise of 8% YoY (year-over-year).

    By Anuradha Garg
  • uploads///Intro
    Miscellaneous

    Gold Performance Versus Other Investments in 1H17

    Factors impacting gold in 1H17 are a weaker US dollar, geopolitical uncertainties, higher interest rates, and expectations for Trump’s agenda.

    By Anuradha Garg
  • uploads///Barrick
    Earnings Report

    Investors Should Know These Updates from Barrick Gold in 2Q16

    Barrick Gold delivered FCF (free cash flow) of $181 million in 1Q16, making it the fourth consecutive quarter of positive FCF.

    By Anuradha Garg
  • uploads///NEM
    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///Senior_Changes
    Miscellaneous

    Keeping a Tab on Rating Changes in Senior Gold Mining

    Berenberg noted that recent developments at Barrick, in addition to its deleveraging and strong free cash flow generation, are positives for the stock.

    By Anuradha Garg
  • uploads///CPI
    Miscellaneous

    What Does Inflation’s Retreat Mean for Gold?

    Inflation hedge Investors tend to hold gold in their portfolios as insurance against inflation. When inflation is high, the value of paper currency, in terms of the goods and services it can buy, falls. As investors want something that doesn’t lose its value, gold usually has a direct relationship with inflation. Demand for gold increases as inflation […]

    By Anuradha Garg
  • Materials

    Why India’s real interest rates are moving up, affecting gold

    Tracking China and India’s inflation figures can give you insight into gold prices’ future direction. It also provides you a look into gold-backed exchange-traded funds (or ETFs) like the SPDR Gold Shares (GLD).

    By Anuradha Garg
  • uploads///Gold versus Two and Ten Year Interest Rates
    Miscellaneous

    Implications of Fed Decisions on Precious Metals and the Dollar

    A rate hike and the dollar are closely tied to each other since a higher interest rate would mean more money flowing into the United States.

    By Meera Shawn
  • uploads///ABX_Earnings
    Miscellaneous

    Inside Barrick Gold’s Earnings: Why Analysts Have Lowered Estimates

    After outperforming peers by a wide margin, Barrick Gold (ABX) has lagged behind so far in 2017.

    By Anuradha Garg
  • uploads///Valuatino
    Materials

    What Factors are Impacting Yamana Gold’s Valuation?

    Yamana Gold’s (AUY) valuation multiple has varied widely between 5.1x and 15.1x.

    By Anuradha Garg
  • 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///Project pipeline
    Materials

    Goldcorp Has One of the Industry’s Strongest Project Pipelines

    Goldcorp (GG) has one of the strongest project pipelines in the industry. These projects underpin the company’s 20% growth in reserves by 2021.

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

    Will Goldcorp’s All-In Sustaining Costs Be Higher than Peers’?

    Goldcorp continued with its lower cost trend, as the key cost metric AISC (all-in sustaining costs) fell 21% YoY and remained almost flat QoQ in 3Q15.

    By Steve Ariel
  • uploads///RSI
    Miscellaneous

    Inside Mining Stocks at the End of May: Implied Volatility and RSI

    The iShares Silver Trust and the iShares Gold Trust have gained 2.9% and 0.91%, respectively, in the past five days, likely due to the precious metal rebound.

    By Meera Shawn
  • uploads///Conclusion
    Materials

    Increased Volatility and Gold Investors

    While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise.

    By Anuradha Garg
  • uploads///Senior Miners Ratings
    Miscellaneous

    As Senior Gold Miners Underperform, Which Stocks Do Analysts Like?

    North American senior gold miners (RING) had a strong run in 2016, with an average gain of 72% in the group as a whole.

    By Anuradha Garg
  • uploads///Production
    Earnings Report

    What Led to Weaker Production Performance for Kinross in 2Q16?

    Kinross Gold (KGC) produced 671,267 GEOs (gold equivalent ounces) in 2Q16, which represents a 1% YoY (year-over-year) rise but a sequential decrease of 2%.

    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///GG
    Materials

    Goldcorp’s Bright Outlook Pushes It onto Analysts’ Radar

    Goldcorp stock has lost 4.7% year-to-date through the end of September, underperforming its close peers.

    By Anuradha Garg
  • uploads///Senior analyst ratings
    Materials

    Which Senior Gold Miners Are Analysts Betting On?

    As a group, the average gains of North American senior gold miners (GDX) (RING) have been muted.

    By Anuradha Garg
  • uploads///Cortez
    Materials

    Barrick’s Cortez mine: Production down year-over-year

    The Cortez mine is one of the largest and lowest-cost mines in the world, with huge upside exploration potential. It is Barrick’s largest-producing mine and contributes close to 15% of the total production.

    By Anuradha Garg
  • uploads///Newmont price perf
    Company & Industry Overviews

    Can Newmont Mining Continue Its Outperformance Going Forward?

    Newmont’s gold all-in sustaining costs were 16% lower YoY. The company’s ongoing portfolio rationalization efforts should also lead to even leaner assets.

    By Anuradha Garg
  • uploads///Senior gold
    Materials

    Which Senior Gold Miners Could Gain following the Fed’s Decision?

    Senior gold miners are large miners with established positions. While there are variations between different miners, as a group, they usually follow gold prices.

    By Anuradha Garg
  • uploads///Analyst reco
    Materials

    Inside the Analyst Ratings for Kinross after Its 2Q16 Results

    As of July 28, 2016, Kinross Gold was trading at $5.03 per share. About 32% of Wall Street analysts covering the stock have issued “buy” recommendations.

    By Anuradha Garg
  • uploads///Leverage
    Materials

    Inside Yamana Gold’s Financial Deleveraging Efforts

    Yamana Gold (AUY) is committed to reducing its net debt by $300 million by the end of 2017.

    By Anuradha Garg
  • uploads///Liquidity
    Miscellaneous

    Kinross Gold Is Financially Comfortable after Its Acquisitions

    Kinross Gold had $2.5 billion in liquidity as of September 30, 2015, including $1 billion in cash and $1.5 billion in undrawn credit facilities.

    By Anuradha Garg
  • uploads///KGC
    Energy & Utilities

    Baupost Group opens PBF position, raises MU and THRX share, and sells AIG, AUY, and KGC—13F Flash F

    The Baupost Group, LLC, is a hedge fund founded and run by Seth Klarman in 1982. Why sell Kinross Gold Corp. (KGC)?

    By Samantha Nielson
  • 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///AdobeStock_
    Materials

    Which Gold Stocks Do Analysts Love and Hate?

    Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.

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

    Why Did Gold Prices and Gold Mining Stock Performances Diverge in 1H17?

    Gold miners in 2017 seem to be driven more by company-specific factors than by the direction of gold prices.

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

    Inside Gold Production in 2016

    Goldcorp’s gold production fell 16% YoY in 4Q16 to 761,000 ounces.

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

    Gold Prices Trade Flat: Sluggish Demand and Improving US Economy

    COMEX-traded June gold futures fell marginally by 0.50% and closed at $1,183 per ounce on May 11. Gold prices traded almost flat—led by weak Asian demand.

    By Gordon Kristopher
  • uploads///Stock Market Valuations
    Materials

    Are Equity Markets’ Valuations Stretched?

    The International Monetary Fund (or IMF) also warned that the downside risks to the world financial stability have increased over the past six months.

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

    Gold Reserves Fell in 2016, But Will 2017 Be Any Better?

    Gold miners face the problem of compensating for every ounce they take out of the ground.

    By Anuradha Garg
  • uploads///Debt
    Earnings Report

    How Barrick Gold Plans to De-Lever Its Balance Sheet in 2017

    Barrick Gold has reiterated that strengthening its balance sheet is its top priority. The company achieved debt reduction of $2.0 billion in 2016.

    By Anuradha Garg
  • uploads///gold _
    Materials

    These Factors Could Turn Newmont Mining’s Fortunes around in 2019

    Newmont Mining reported EPS of $0.33, which beat the consensus estimate by $0.14. Its revenue of $1.73 billion, however, missed the mark.

    By Anuradha Garg
  • uploads///Tasiast
    Materials

    Could the Temporary Suspension at Tasiast Impact Kinross’s Phase 1 Expansion?

    Kinross’s Phase 1 at Tasaist should increase mill throughput capacity from 8,000 to 12,000 tons per day, reduce operating costs, and increase production.

    By Anuradha Garg
  • uploads///Valuation
    Materials

    Next Catalysts That May Affect Newmont’s Valuation Multiple

    Newmont Mining has a valuation multiple of 8.6x, with an expected EBITDA margin of 40% for 2017. At the start of 2016, it was trading at a multiple of 6.6x.

    By Anuradha Garg
  • uploads///Costs
    Materials

    These Issues Impacted Kinross’s Costs in 2Q16

    Kinross reported AISC of $988 per ounce in 2Q16, which is an improvement of 2.3% YoY (year-over-year) but is higher sequentially by 2.6%.

    By Anuradha Garg
  • uploads///Analyst reco
    Materials

    What Does Wall Street Have to Say about Gold Mining Companies ahead of 2Q16 Earnings?

    Analyst recommendations and ratings are some of the most important market indicators investors can study. Ratings show how bullish or bearish analysts are.

    By Anuradha Garg
  • uploads///AIG
    Energy & Utilities

    Baupost Group opens PBF position, raises MU and THRX share, and sells AIG, AUY, and KGC—13F Flash D

    The Baupost Group, LLC, is a hedge fund founded and run by Seth Klarman in 1982. Why sell American International Group (AIG)?

    By Samantha Nielson
  • uploads///gold _
    Materials

    Can Goldcorp Continue Its Outperformance after a Weak 1Q18?

    Goldcorp posted 1Q18 earnings per share of $0.08, missing the consensus by $0.03 and much lower than its 1Q17 earnings per share of $0.20.

    By Anuradha Garg
  • uploads///US dollar index vs Australian dollar
    Macroeconomic Analysis

    Australian Miners Hit by Declining Gold Prices, Rising US Dollar

    Slumping commodity markets are prompting miners to respond to lower asset prices. Major North American miners including Barrick Gold (ABX) have already put a few mines up for sale.

    By Meera Shawn
  • uploads///AUY
    Energy & Utilities

    Baupost Group opens PBF position, raises MU and THRX share, and sells AIG, AUY, and KGC—13F Flash E

    The Baupost Group, LLC, is a hedge fund founded and run by Seth Klarman in 1982. Why sell Yamana Gold Inc. (AUY)?

    By Samantha Nielson
  • uploads///Financial health
    Company & Industry Overviews

    Health in Gold: Which Miners Are in Tip-Top Shape

    Barrick and Newmont—two of the largest gold miners—were the first to be punished by investors based on high financial leverage.

    By Anuradha Garg
  • uploads///Analyst reco
    Miscellaneous

    Gold on the Street: What Analysts Are Saying about Miners Now

    Among senior gold miners, analysts are most bullish on Newmont Mining, with 60.0% “buy” and 35.0% “hold” recommendations.

    By Anuradha Garg
  • uploads///FCF
    Earnings Report

    Newmont Revises Dividend Policy on Higher Gold Prices, Strong Free Cash Flow

    Newmont Mining generated positive free cash flow of $240 million in 3Q16, which represents a rise of 51% as compared to the same period last year.

    By Anuradha Garg
  • uploads///Platinum and Palladium Prices
    Macroeconomic Analysis

    Higher Auto Sales in the US Fail to Boost Platinum and Palladium

    Platinum futures for April expiry fell by almost 5.4% over the first five trading days of 2016. Palladium futures for March expiry fell by 12.5% YTD.

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

    Comp: Which Gold Miner Looks Undervalued at the Current Levels?

    The best bet is to go for gold miners with healthy balance sheets, increasing production profiles, low costs, and good cash flows.

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

    Free Cash Flow in Gold, and What It Could Mean for Miners

    Barrick Gold delivered FCF of $385.0 million in 4Q16 and $1.5 billion in 2016. The 2016 FCF was a annual record for the company.

    By Anuradha Garg
  • uploads///FCF
    Materials

    What Factors Drove Newmont’s Free Cash Flow Generation in 2Q17?

    Newmont Mining (NEM) achieved positive free cash flow of $346 million in 2Q17, compared with $199 million in 1Q17.

    By Anuradha Garg
  • uploads///Goldcorp_Share Performance
    Company & Industry Overviews

    Goldcorp Underperformed GDX: Why?

    Goldcorp (GG), a Canada-based gold producer, underperformed the VanEck Vectors Gold Miners Index ETF (GDX) year-to-date.

    By Steve Ariel
  • uploads///Production
    Earnings Report

    How Yamana Gold Could Improve Its Production in 4Q16?

    Yamana Gold produced 328,604 ounces of gold in 3Q16—3% higher YoY but still lower than market expectations, mainly due to weaker production at El Peñón.

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

    Charting the Race in Gold Reserves among Senior Gold Miners

    Barrick’s five core mines, which are expected to produce 70.0% of its volumes for 2017, have an average grade of 1.8 grams per ton.

    By Anuradha Garg
  • uploads///Beats and misses
    Materials

    Senior Gold Miners’ Earnings Beats and Misses in 3Q17

    All the gold miners (RING)(GDX) we’re covering in this series except for Barrick Gold (ABX) reported earnings beats in 3Q17.

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

    These Gold Miners Could Have Serious Upside Potential

    Gold prices closed 2016 with a rise of 8.5% for the year, but gold prices had been 27% higher at one point in the year.

    By Anuradha Garg
  • uploads///Valuation
    Materials

    Is Agnico Eagle Mines’ Premium Valuation Multiple Justified?

    Currently, Agnico Eagle Mines (AEM) is trading at a forward EV-to-EBITDA multiple of 11.2x, the highest among the senior miners (GDX).

    By Anuradha Garg
  • uploads///NEM
    Materials

    Where Newmont Mining Ranks among Gold Miners Today

    NEM stock is being covered by 18 Wall Street analysts today, of which 61% recommend a “buy” for the stock, while 39% recommend a “hold.”

    By Anuradha Garg
  • uploads///FCF
    Materials

    Can Newmont’s Free Cash Flow Lead to a Doubled Dividend?

    FCF (free cash flow) is important for gold miners. It helps them invest in projects that can optimize financial leverage and boost shareholder returns.

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

    Gold Prices Edge toward $1,200 per Ounce on Inflation Concerns

    June gold futures trading in COMEX settled at $1,192.40 per ounce on May 12, 2015. The increase in gold prices was supported by the depreciating dollar.

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

    Which Gold Miners Can Pursue Mergers and Acquisitions?

    After peaking in 2011, gold prices fell for four straight years, which led gold miners to cut back on sustaining and growth capital, lower exploration spends, and divest assets.

    By Anuradha Garg
  • uploads///Financial leverage
    Company & Industry Overviews

    Gold Miner Leverage: Comparing the Books after 4Q16

    Investors in the gold mining industry need to know a company’s debt levels, as high debt can strain a company’s credit rating.

    By Anuradha Garg
  • uploads///Physical gold demand
    Company & Industry Overviews

    What Rising Physical Gold Demand Could Mean for Prices

    After falling 18% in 1Q17, physical demand for gold seems to have picked up in 2Q17.

    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///AISC
    Company & Industry Overviews

    Can Goldcorp Beat Barrick Gold in Cost Reduction?

    Barrick Gold achieved AISC of $732 per ounce in 4Q16—flat YoY, but a sequential rise of 4.0%.

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

    Valuations in Gold: Where’s the Upside among Miners Today?

    Among senior gold miners, Goldcorp is trading at the highest multiple of 10.3x—a premium of 31% compared to the peer average.

    By Anuradha Garg
  • 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///Senior_Changes
    Materials

    Understanding the Latest Upgrades and Downgrades for Senior Gold Miners

    Along with analyst ratings, it’s important to look at the recent changes to recommendations and target prices.

    By Anuradha Garg
  • uploads///Valuation
    Earnings Report

    Gold Miners’ Key Valuation Catalysts as 4Q16 Results Draw Near

    Valuation for capital-intensive industries The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a good valuation measure for capital-intensive industries. It helps investors compare companies with varying capital structures. Higher multiples The chart above compares gold miners’ EV-to-forward EBITDA multiples and EBITDA margins for 2017. Among North American intermediate gold […]

    By Anuradha Garg
  • uploads///Veladero
    Materials

    Lagunas Norte: AISC down due to lower sustaining capex

    All-in sustaining costs (or AISC) came in at $554 per ounce, a reduction of $142 per ounce from the same period last year. The reduction was mainly due to lower sustaining capital expenditure (or capex).

    By Anuradha Garg
  • uploads///FCF Yield
    Earnings Report

    Could Yamana’s Free Cash Flow Accelerate Going Forward?

    Yamana generated net FCF of $78 million in 3Q16, which is a gain of $70 million as compared to the same period last year.

    By Anuradha Garg
  • uploads///Gold miners reserves
    Company & Industry Overviews

    Must Know: An Overview of Kinross Gold Corp.

    In this series, we’ll analyze the various business aspects of Kinross Gold. We’ll also look at various key drivers that impact Kinross’s investors.

    By Anuradha Garg
  • uploads///Valuation
    Earnings Report

    Kinross Gold’s Valuation Gap—and What Could Narrow It

    Kinross Gold (KGC) is trading at a forward multiple of 4.7x—the lowest among peers.

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

    Does Barrick Gold Look Undervalued at Current Valuation Multiples?

    Barrick Gold (ABX) is trading at a forward EV-to-EBITDA multiple of 6.1x.

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

    Gold Prices Rise: Fed Signals a Delay in the Interest Rate Hike

    COMEX-traded gold futures for June delivery increased slightly by 0.17% on May 20 and closed at $1,208.70 per ounce—led by the delayed interest rate hike.

    By Gordon Kristopher
  • uploads///Westwood
    Earnings Report

    How IAG’s Westwood Mine Development Is Coming Along

    IAMGOLD’s (IAG) Westwood reported 106% higher production in 3Q17 on a YoY (year-over-year) basis, coming in at 33,000 ounces.

    By Anuradha Garg
  • 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///Senior_Ratings
    Miscellaneous

    Barrick Gold on the Street: How Analysts Are Reacting to the Quarterly Miss

    Barrick Gold has 46.0% “buy” ratings, 46.0% “hold” ratings, and 8.0% “sell” ratings. Its target price implies an upside of 29.0% based on its current price of $16.90.

    By Anuradha Garg
  • uploads///Valuation
    Earnings Report

    Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?

    Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA.

    By Anuradha Garg
  • uploads///Valuation
    Earnings Report

    Key Valuation Catalysts for Gold Miners as 3Q16 Earnings Draw Near

    Companies with higher financial and operational leverages outperform companies with lower leverages in times of higher gold prices.

    By Anuradha Garg
  • uploads///Analysts reco
    Earnings Report

    What Do Analysts Recommend for Kinross after 4Q15?

    About 29% of Wall Street analysts covering the stock have “buy” recommendations for Kinross.

    By Anuradha Garg
  • uploads///Inflation
    Miscellaneous

    Will Softer Inflation Keep the Fed from More Interest Rate Hikes?

    Investors hold gold in their portfolios as a hedge against inflation. When inflation is high, the value of money in terms of paper currency usually falls.

    By Anuradha Garg
  • uploads///FCF estimates
    Earnings Report

    Which Gold Mining Companies Could Generate Free Cash Flow in 2Q16 and Beyond?

    Analysts estimate that Barrick Gold will have positive FCF of $292 million in 2Q16 and ~$1.1 billion in 2016. Barrick generated $471 million in FCF in 2015.

    By Anuradha Garg
  • Materials

    Why did China’s gold imports from Hong Kong surge in September?

    In 2013, China became the world’s largest gold market. It accounts for around one-third of global gold demand. The World Gold Council (or WGC) expects demand to grow by at least another 20% by 2017.

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

    The Gold Digger Gambit: Gauging the Upside of Exploration

    Newmont Mining has maintained its steady gold production outlook of 4.5 million–5.0 million ounces for the next five years.

    By Anuradha Garg
  • uploads///Project pipeline
    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
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