Kinross Gold Corp

Most Recent

  • uploads///Equity market selloff
    Basic Materials

    Could Gold Catch a Bid if Equities Stay Weak in 2018?

    What the markets have long been fearing has finally come true, at least in part. The S&P 500 (SPY) (SPX) hit a record high on January 26, 2018. Since then, the index has fallen ~8% as of February 6, 2018.

    By Anuradha Garg
  • uploads///AEM_Ratings
    Basic Materials

    Why Do Analysts Love Agnico Eagle Mines?

    Analysts’ ratings for Agnico Eagle Mines Of the 18 analysts covering Agnico Eagle Mines (AEM), 72.0% recommended a “buy,” while the remaining 28.0% recommended a “hold.” Among its mining peers (RING)(GDX), AEM has more “buy” recommendations than Yamana Gold (AUY), Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), which have “buy” ratings from 71.0%, 14.0%, 58.0%, […]

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Which Gold Miners Popped and Dropped in 2017?

    The North American gold miners’ results season is slated to begin on October 25. In this series, we’ll see how analysts view their revenues, earnings, and free cash flows.

    By Anuradha Garg
  • uploads///Kinross_Ratings
    Miscellaneous

    What’s up with Kinross’s Upgrades?

    For Kinross Gold, the analyst recommendations are equally divided between “buy” and “hold” at 44% each, while 11% of the analysts recommend a “hold.”

    By Anuradha Garg
  • uploads///Valuation
    Basic 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
    Basic 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
    Basic 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///Goldcorp
    Earnings Report

    What Could Affect Goldcorp Stock in 2017?

    Goldcorp’s 4Q16 results beat market expectations, mainly due to lower costs and higher gold prices. The market was happy with the company’s results.

    By Anuradha Garg
  • uploads///EBITDA Estimates
    Basic Materials

    How Analysts Expect Gold Miners’ Earnings to Progress

    Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review in this series, let’s take a look at analysts’ EBITDA estimates.

    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
    Basic 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///Gold and Dollar Fluctuations
    Miscellaneous

    Precious Metal Moves on Thursday, September 28

    Gold touched a one-month low on Thursday, September 28, due to the rise of the US dollar over the speculation of another rate hike in December 2017.

    By Meera Shawn
  • uploads///Production Growth
    Basic Materials

    Which Gold Miners Could Grow Their Productions Going Forward?

    After making discretionary cuts on exploration and capex for many years, gold miners (GDX) (JNUG) have started to refocus on production growth.

    By Anuradha Garg
  • uploads///AISC
    Basic 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
    Basic 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///MINER
    Miscellaneous

    Why Miners Fell on Monday, January 29

    SLW and ABX saw YTD (year-to-date) losses of 2.8% and 0.83%, respectively, while GG has a YTD gain of 12%.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Basic 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
    Basic Materials

    Newmont Mining’s Valuation Multiple: More Upside Potential?

    Among senior gold miners (GDX), Newmont Mining (NEM) has the second-highest forward enterprise value-to-EBITDA multiple of 8.1x.

    By Anuradha Garg
  • uploads///MINER
    Miscellaneous

    Behind Mining Stock Technical Indicators as of Monday, October 16

    AGI, SLW, ABX, and KGC currently have RSI levels of 50.3, 74.3, 44.4, and 50, respectively.

    By Meera Shawn
  • uploads///Valuation
    Basic 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
    Basic 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///Kinross
    Basic Materials

    Kinross Gold Stock and Geopolitical Concerns after Q2 2018

    After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this 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///Intro
    Miscellaneous

    Gold Prices at a 4-Month Low—Is More Downside Ahead?

    Gold prices touched an almost four-month low in early December. After breaching $1,300 per ounce in September due to geopolitical tensions, gold prices have mostly been on a downtrend.

    By Anuradha Garg
  • uploads///Gold versus US Two and Ten year Rate of Interest
    Miscellaneous

    What Factors Could Be Playing Precious Metals?

    Gold was trading moderately high on Wednesday, October 25, 2017. It rose a marginal 0.04% and closed at $1,276.30 per ounce. Silver and palladium, however, had a down day.

    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///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
  • Basic 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 and Silver Movements
    Basic Materials

    How US Employment Numbers Played Precious Metals This Week

    Gold prices dropped from its seven-week high level of $1,276.10 per ounce on August 1. Gold futures for September expiration fell 0.08% on August 2 and ended at $1,274.20 per ounce.

    By Meera Shawn
  • 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///Fed rate hike
    Miscellaneous

    A Look at Gold as the Fed’s Rate Hike Looms

    The Fed’s interest rate hike On December 14, 2016, the Fed finally raised interest rates by 25 basis points. More concerning from an investor’s point of view was the Fed’s targeted total hike of 75 basis points in 2017. The Fed’s first meeting for 2017 is on March 14 and 15. The market is quite certain that […]

    By Anuradha Garg
  • 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
    Basic 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///GG
    Basic Materials

    Why Goldcorp Is on Many Analysts’ Wish Lists

    Currently, 20 analysts are tracking Goldcorp (GG) stock. About 70% of them are recommending a “buy,” and 25% are recommending a “hold.”

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

    Gold in 2017: Which 5 Miners Have Made Money?

    The performance of gold and silver in 2017 is weaker than most other industrial metals. There are many factors that explain the weaker performance of precious metals.

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

    Watch These Drivers in Assessing Yamana’s Future Valuation

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

    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
    Basic 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
    Basic 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
    Basic 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_
    Basic 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
    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///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///Intro
    Basic Materials

    Kinross Gold’s Earnings Beat: Can It Sustain the Price Momentum?

    On August 2, 2017, Kinross Gold (KGC) achieved another earnings beat, reporting EPS of $0.04, beating earnings expectations by $0.02 for 2Q17.

    By Anuradha Garg
  • uploads///Stock Market Valuations
    Basic 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///Conclusion
    Miscellaneous

    These Factors Could Propel Gold to the $1,400 Mark

    In the absence of earnings growth to justify the current valuations of US equities, many investors may begin looking for trade that is less crowded.

    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 _
    Basic 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///Betas and misses
    Basic Materials

    Stock Reactions: All Beats, No Misses for Senior Gold Miners in 2Q17

    Newmont Mining (NEM), which started the gold miners’ 2Q17 earnings season on July 25, reported earnings per share of $0.46, soundly beating the consensus estimate of $0.26.

    By Anuradha Garg
  • uploads///Tasiast
    Basic 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///Part
    Basic Materials

    Why Gold Miners Have Not Magnified Gold’s Gains in 2017

    Due to leverage, the performance of gold miners usually magnifies the direction of the gold prices, but the scenario in 2017 has been slightly different.

    By Anuradha Garg
  • uploads///Valuation
    Basic 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
    Basic 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
    Basic 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 _
    Basic 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///Intro
    Miscellaneous

    What Led to the Recent Divergence of Gold and Gold Mining Stocks?

    The year-to-date stock performances of precious metal miners have been driven more by company-specific factors than by the direction of gold prices.

    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
    Basic 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///KGC
    Basic Materials

    Here’s What Might Help Kinross Gold Outperform in 2018

    Apart from royalty and streaming companies, Kinross Gold (KGC) is one of the best-performing miners (GDX) (RING) in 2017.

    By Anuradha Garg
  • uploads///Ratings
    Basic Materials

    Newmont on the Street: How Analysts’ Ratings Are Panning out after 2Q17

    In the senior gold mining space (GDX), analysts are most bullish on Newmont Mining (NEM), which has “buy” ratings from 58.0% of its analysts.

    By Anuradha Garg
  • 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///gOLD STOCKS
    Macroeconomic Analysis

    Mixed Results for the Metals and Mining Sector on August 2

    At 3:20 PM EST, the PowerShares DB Base Metals (DBB) gained ~0.51%, while the SPDR S&P Metals & Mining ETF (XME) fell ~0.73%.

    By Val Kensington
  • 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
    Basic 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
    Basic 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///Newmont_Ratings
    Basic Materials

    Do Newmont Mining’s Latest Ratings Show Analyst Optimism?

    Newmont Mining (NEM) has 61% “buy” recommendations from the 18 analysts covering the stock.

    By Anuradha Garg
  • uploads///Reserves geography exposure
    Basic Materials

    How Are Gold Miners Managing Their Geographic Exposure?

    While Newmont Mining (NEM) has favorable geographic exposure, its geopolitical risk will decline significantly with its recent Batu Hijau sale.

    By Anuradha Garg
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