Tahoe Resources Inc

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  • uploads///Valuation
    Company & Industry Overviews

    Factors That Could Drive Silver Miners’ Valuations in 2017

    Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 6.9x, the lowest multiple in the peer group.

    By Anuradha Garg
  • uploads///Net debt to EBITDA
    Basic Materials

    Behind Silver Miners’ Debt Repayment Capacities

    Silver companies try to maintain an optimal level of debt-to-equity to lower their costs of capital and maintain an optimum level of risk-reward for shareholders.

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

    Inside Silver Miners’ Financial Leverage after 3Q16

    Investors in the precious metal mining industry need to know a company’s debt levels because high debt can strain a company’s credit rating.

    By Anuradha Garg
  • uploads///Silver_Changes
    Miscellaneous

    Which Silver Stock Is Seeing Upgrades These Days?

    On October 3, 2016, Deutsche Bank (DB) upgraded Coeur Mining (CDE) from “sell” to “hold.” The firm also increased its target price from $7.50 to $11.

    By Anuradha Garg
  • uploads///CDE
    Basic Materials

    Analysts Are Optimistic about Coeur Mining

    Market sentiment for Coeur Mining Coeur Mining (CDE) is a high-cost producer compared with peers (RING) (SIL). While it has initiated several measures to bring down its costs in the last few years, they remain high. Higher costs make CDE more leveraged to gold and silver prices than other low-cost producers such as Barrick Gold (ABX) […]

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

    Understanding the Debt Repaying Capacities of Silver Miners

    High debt isn’t always bad if a company has the capacity to pay back its debt with its earnings.

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

    How Are Silver Miners Doing as Silver Outshines Gold?

    Silver has outperformed gold year-to-date (or YTD). The SPDR Gold Shares ETF (GLD) has risen 17% YTD, while the iShares Silver Trust ETF (SLV) has risen 24%.

    By Anuradha Garg
  • uploads///Silver_ANAlyst rtings
    Basic Materials

    How the Ratings and Potential Upsides for Silver Miners Look Today

    The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.

    By Anuradha Garg
  • uploads///CDE
    Basic Materials

    The Market Sentiment for Coeur Mining as 4Q17 Begins

    CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.

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

    Understanding the Long-Term Growth Drivers for Silver Miners

    After years of cutting back on sustained capital expenditure, silver miners—like their gold mining peers—have started to refocus on production growth.

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

    Analyzing Silver Miners’ Relative Valuations

    Precious metals miners with substantial exposure to silver are usually classified as silver miners.

    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///Analyst ratings_Silver miners
    Company & Industry Overviews

    Which Silver Stock Is Analysts’ Favorite These Days?

    Precious metal miners with substantial exposure to silver have also performed well year-to-date. Let’s take a closer look.

    By Anuradha Garg
  • 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///Intro
    Basic Materials

    Why Silver Miners’ Stock Performance Has Diverged in 2017

    It’s important for investors to keep tabs on analysts’ recommendations and ratings, as they are market sentiment indicators. In this series, we’ll look at recommendations and ratings for silver miners.

    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///Silver Miner_Changes
    Basic Materials

    Silver Stocks: Keeping Up with Analyst Rating Changes

    Following the recent strong run in silver (SLV), several analysts have commented on silver miners (SIL), as we’ll see in this part of the series.

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

    Why Did Silver Outperform Gold in 2016?

    While the last two months of 2016 chipped away a large part of the gains made by precious metals, silver outperformed gold on a yearly basis.

    By Anuradha Garg
  • uploads///thumb _
    Basic Materials

    Newmont Mining Rejects Barrick Gold’s Hostile Acquisition Bid

    In a press release today, Newmont Mining said that Barrick’s unsolicited negative premium proposal is not in shareholders’ best interest.

    By Anuradha Garg
  • uploads///Commodity exposure
    Company & Industry Overviews

    Which Silver Miners Offer Diversified Exposure to Commodities?

    For investors considering silver stocks due to their leveraged exposure to silver prices, the higher the company’s revenues derived from silver, the better.

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

    Silver Miner Production Growth: The Outlook for 4Q16

    Hecla Mining (HL) recorded strong 67% silver production growth and 19% gold production growth YoY (year-over-year) in 3Q16.

    By Anuradha Garg
  • uploads///AISC
    Basic Materials

    These Silver Miners Keep Improving Costs

    Hecla Mining (HL) reported AISC (all-in sustaining costs) of $9.97 per ounce in 2Q17, an impressive improvement of 22.0% over the same quarter last year.

    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///Geographic exposure
    Company & Industry Overviews

    Which Silver Miner Offers Optimal Geographic Exposure?

    Given rising taxes, royalties, changes to mining codes, and asset nationalizations in the past few years, many big mining projects have become uneconomical.

    By Anuradha Garg
  • uploads///Analyst reco
    Company & Industry Overviews

    How Has the Analyst Sentiment Changed for Silver Miners?

    Among primary silver miners, Tahoe Resources (TAHO) seems to be an analyst favorite, with the highest “buy” ratings at 100% and no “sell” ratings.

    By Anuradha Garg
  • uploads///Silver miners
    Company & Industry Overviews

    How Are Silver Prices Influencing Major Silver Miners?

    Silver miners have shown a significant correlation to gold prices at 0.90 since the start of 2013. Silver prices have a strong correlation as well.

    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///CDE
    Basic Materials

    What Put Coeur Mining in 2nd Place?

    Right now, of the nine Wall Street analysts covering CDE stock, according to Thomson Reuters, 78% recommend a “buy,” while 22% recommend a “hold.”

    By Anuradha Garg
  • uploads///hands _
    Miscellaneous

    Pan American to Buy Tahoe Resources in $1.07 Billion Deal

    Pan American Silver Corp. (PAAS) announced today that it has agreed to buy Tahoe Resources (TAHO) in a $1.07 billion cash and stock deal.

    By Anuradha Garg
  • uploads///handshake _
    Basic Materials

    Barrick Gold Makes a Hostile Bid to Acquire Newmont Mining

    Today, Barrick Gold (GOLD) made an unsolicited bid for its rival Newmont Mining (NEM) in an all-share deal.

    By Anuradha Garg
  • uploads///Silver
    Basic Materials

    Will Silver Miners’ Multiples Expand after a Long Dry Spell?

    On November 14, 2018, Pan American Silver announced that it was buying Tahoe Resources in a $1.07 billion cash and stock deal.

    By Anuradha Garg
  • uploads///hands _
    Basic Materials

    Why Gold Miners’ Mergers and Acquisitions Are Heating Up

    Newmont Mining (NEM) and Goldcorp’s (GG) deal, the gold space’s latest mega-merger, may suggest miners are getting serious about turning things around for stakeholders.

    By Anuradha Garg
  • uploads///Silver Miners
    Basic Materials

    Which Silver Miners Look Primed for a Rebound after a Dry Spell?

    Of all the major silver stocks, Tahoe Resources (TAHO) is trading at the lowest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 3.3x.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    Which Silver Miners Look Reasonable at Current Valuations?

    Of all the stocks we’ve covered in this series, Tahoe Resources (TAHO) is trading at the lowest enterprise-value-to-forward-EBITDA multiple of 3.5x.

    By Anuradha Garg
  • uploads///TAHO
    Basic Materials

    Can Tahoe Resources Regain Analysts’ Lost Favor?

    YTD (year-to-date), Tahoe Resources (TAHO) has had the worst performance of all silver miners with losses of 44%.

    By Anuradha Garg
  • uploads///PAAS
    Basic Materials

    What’s Baked into Analysts’ Pan American Silver Ratings?

    Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.

    By Anuradha Garg
  • uploads///money _
    Basic Materials

    How Do Analysts Rate Silver Miners?

    In 2018 so far, silver prices have significantly underperformed gold prices.

    By Anuradha Garg
  • uploads///Tahoe
    Basic Materials

    Why Tahoe Resources Has Lost Favor with Analysts

    YTD, Tahoe Resources (TAHO) has risen 3.5%. Its “buy” ratings are only better than Hecla Mining (HL).

    By Anuradha Garg
  • uploads///PAAS
    Basic Materials

    Why Analysts’ Ratings for Pan American Silver Have Improved

    Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD (year-to-date). As of June 26, it has risen 12.7%.

    By Anuradha Garg
  • uploads///bullion _
    Basic Materials

    Analyzing Analysts’ Love-Hate Relationship with Silver Stocks

    The five silver miners we’ll be discussing in this series have broadly outperformed silver prices and the silver miners’ index YTD.

    By Anuradha Garg
  • uploads///analysis _
    Basic Materials

    Silver Underperforms Gold in 2018: Can It Correct Its Course?

    As of March 16, 2018, the SPDR Gold Shares ETF (GLD), which tracks gold prices, had risen 0.8% YTD.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    4Q17 Preview: Coeur Mining Seeks a Price Reversal in 2018

    Coeur Mining (CDE) stock gained ~270.0% in 2016—among the highest in its peer group. In 2017, the situation reversed as CDE stock fell 17.5%.

    By Anuradha Garg
  • uploads///Analysts price expectations
    Miscellaneous

    This Is How Analysts See Gold Prices Moving in 2018

    ICBC Standard Bank While ICBC Standard Bank is concerned about gold correcting in the short term due to extremely long inventor positioning, it remains optimistic about its prospects overall in 2018. The bank believes that lower inflation should keep the Fed from raising rates aggressively, thereby supporting gold. It expects gold prices to average $1,312 […]

    By Anuradha Garg
  • uploads///FCF
    Basic Materials

    Here’s What Drove Coeur Mining’s Free Cash Flow Year-to-Date

    Coeur Mining’s (CDE) management is focused on generating significant FCF (free cash flow). For 3Q17, however, the company didn’t generate any positive FCF.

    By Anuradha Garg
  • uploads///Silver_Changes
    Basic Materials

    Behind the Recent Analyst Rating Changes for Silver Miners

    After the Guatemalan government’s decision to suspend Tahoe Resources’ (TAHO) license, the company saw several downgrades.

    By Anuradha Garg
  • uploads///TAHO
    Basic Materials

    How Do Analysts View Tahoe Resources despite Its Underperformance?

    Tahoe Resources (TAHO) stock has lost 44.1% of its value year-to-date until the end of September.

    By Anuradha Garg
  • uploads///CDE
    Basic Materials

    Coeur Mining Ranks 4th in the Top 10: Are Analyst Ratings Improving?

    Coeur Mining has relatively higher costs than its peers (SIL), which makes it more leveraged to the changes in precious metal prices.

    By Anuradha Garg
  • uploads///Silver Miners
    Basic Materials

    Which Silver Miners Look Undervalued?

    Among the four silver miners we’re looking at in this part, First Majestic Silver (AG) has the highest forward EV-to-EBITDA multiple of 14.3x.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Why Silver Miners Are Underperforming Silver Prices in 2017

    While silver prices often act as a leveraged play on gold, this hasn’t happened so far in 2017.

    By Anuradha Garg
  • uploads///PArt  interest expense
    Company & Industry Overviews

    What Celanese’s Falling Interest Expense Trend Suggests

    At the end of 1Q17, CE’s interest coverage ratio stood at 9.24x, indicating that Celanese can easily service its debt.

    By Peter Neil
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    How Silver Miners Rank Based on Debt Repayment Capacity

    Coeur Mining (CDE) has a net debt-to-forward-EBITDA ratio of 0.40x, which seems comfortable. Hecla Mining’s (HL) ratio is slightly higher at 1.3x.

    By Anuradha Garg
  • uploads///Part  HUN
    Company & Industry Overviews

    Huntsman and Clariant Agree to Merge

    On May 22, 2017, Huntsman (HUN) and Clariant announced that their respective boards have approved a merger to form a new entity called HuntsmanClariant.

    By Peter Neil
  • uploads///Part  HUN
    Company & Industry Overviews

    Huntsman Increases Price of Titanium Dioxide across Regions

    On May 8, 2017, Huntsman’s (HUN) spinoff division Venator announced a price increase for its titanium dioxide pigments.

    By Peter Neil
  • uploads///Valuation
    Company & Industry Overviews

    Comparing Silver Miners’ Valuation

    Valuation The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a good measure for capital-intensive industries because it helps investors compare companies with various capital structures. The chart above compares silver miners’ EV-to-forward-EBITDA multiples to their EBITDA margins in 2017. Remember, EV refers to the total market value of a […]

    By Anuradha Garg
  • uploads///Analyst Reco
    Miscellaneous

    Silver Miners in 2017: Gauging Market Sentiment

    Market sentiment So far in this series, we’ve analyzed silver miners’ key operating and financial metrics. In this part, we’ll look at the market sentiment toward these companies. We’ll also look at analysts’ recommendations, target prices, and potential upsides for silver miners (SIL). Analysts’ favorite Among all primary silver producers (SIL), Tahoe Resources (TAHO) seems […]

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

    Which Silver Miner Needs to Work on Its Liquidity?

    Financial liquidity Previously in this series, we analyzed the financial leverage of five silver mining companies. Financial leverage only considers the long-term[1. more than one year] solvency of a company, whereas financial liquidity checks short-term[2. less than one year] cash outflow and inflow. Amid weak commodity prices, short-term liquidity could come under more pressure. Current ratio […]

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

    Looking at Silver Miners’ Financial Leverage after 4Q16

    Leverage ratios Investors in the precious metal mining industry need to know companies’ debt levels. High debt can strain a company’s credit rating. It’s important to know that during an industry downturn, companies with higher leverage usually underperform. However, if metal prices recover, companies with higher leverage ratios can outperform those with lower leverages. This […]

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

    What Could Drive Silver Miners’ Cost Reduction in 2017

    Cost discipline Cost discipline and lower cost assets are critical for silver miners (RING) (SIL). They help miners navigate low metal price environments, while improving margins and free cash flow in times of high metal prices. In a commoditized business such as mining, cost efficiency differentiates miners based on long-term premiums and performance. Improving costs […]

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

    Comparing Silver Miners’ Reserves

    Reserve replacement Precious metal miners (SIL) (GDXJ) face the problem of compensating for every ounce they take out of the ground. While mines have finite lives, companies operating them don’t, so it’s important to look at miners’ reserves and resource estimates and the assumptions used to calculate them. Reserve additions Coeur Mining (CDE) reported a […]

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

    Reaching for Growth: Charting Silver Miners’ Exploration Spending

    Long-term sustained growth After years of cutting back on sustained capital expenditure, silver miners (SIL) have started to refocus on production growth. Increased exploration and capital expenditure budgets have been the key themes of miners’ earnings in 2016. Sustained growth is one of the prerequisites for sustainable outperformance over the long term. Focus on exploration sharpening […]

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

    What Silver Miners Expect for Production in 2017

    Higher guidance for 2017 Hecla Mining (HL) recorded strong silver production growth of 9% and gold production growth of 5% YoY (year-over-year) in 4Q16. For fiscal 2017, the company has guided for silver production of 46.5 million–49.4 million ounces of silver equivalent, which implies YoY growth of 4%. This guidance is due to higher expected […]

    By Anuradha Garg
  • uploads///Commodity exposur
    Company & Industry Overviews

    A Look at Silver Miners’ 2016 Commodity Exposure

    Commodity exposure In the previous part of this series, we looked at miners’ geographic exposure, which is important to consider due to the geopolitical risks some jurisdictions face. It’s equally important to consider their revenue compositions in terms of commodity exposure. ­ Contribution from silver Silver companies are rarely pure-play miners. For investors considering silver […]

    By Anuradha Garg
  • uploads///Geographic exposure
    Company & Industry Overviews

    This Silver Miner Has the Highest Geographic Risk among Peers

    Geographic exposure Due to rising taxes, royalties, changes to mining codes, and asset nationalizations in the past few years, many big mining projects have been rendered uneconomical. Investors and miners have become wary of geographic exposure to risky mining jurisdictions. High geopolitical risk The above graph shows the revenue contribution from different geographies for silver miners […]

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

    Silver Shines Brighter Than Gold: How Are Silver Miners Doing?

    In this series, we’ll look at various factors affecting precious metal miners, and why some miners have fared better than others this year.

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

    Coeur Mining and Its Peers: Closing the Valuation Gap in 2017

    Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 5.3x. That’s the lowest among its peer group (SIL).

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

    A Look at Technical Indicators for Coeur Mining and Its Peers

    Coeur Mining and its closest peers are currently trading below their 20-day and 50-day moving averages.

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

    Can Coeur Mining Generate Positive Free Cash Flow in 2017?

    Coeur Mining’s (CDE) management is focused on generating significant FCF. In 4Q16, FCF was -$4.5 million after having positive FCF in the first two quarters.

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

    What’s behind Coeur Mining’s Underperformance Year-to-Date?

    Coeur Mining (CDE) was one of the most successful mining stocks in 2016, rising more than 268.0%. In 2017, its has become one of the worst performers.

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

    Looking at Silver Miners after the Federal Reserve’s Rate Hike

    Silver miners (SIL) are usually a levered play on gold. Notably, silver has outperformed gold year-to-date.

    By Anuradha Garg
  • uploads///Silver_Changes
    Miscellaneous

    Latest Rating Changes for Silver Miners: What Do They Mean?

    Raymond James cut its target price for Coeur Mining (CDE) from $16.50 to $11.75 on December 22, 2016. Deutsche Bank cut its target price from $11 to $10.50.

    By Anuradha Garg
  • uploads///Silver_Ratings
    Miscellaneous

    What’s Affecting Ratings for Silver Miners as We Enter 2017?

    Precious metal miners with substantial exposure to silver have performed quite well in 2016. Silver miners are essentially a leveraged play on silver.

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

    Which Silver Miners Could Re-Rate as We Enter 2017?

    First Majestic Silver is trading at the highest EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple among its peers at 12.3x.

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

    What Do Coeur Mining’s Technical Indicators Point To?

    Coeur Mining and its closest peers are currently trading below their 20-day and 50-day moving averages.

    By Anuradha Garg
  • uploads///Silver Miners
    Company & Industry Overviews

    Which Miners Could Offer a Valuation Upside in the Silver Space?

    Precious metal miners with substantial exposures to silver are usually classified as silver miners.

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

    What Are the Key Catalysts for Coeur Mining’s Stock Valuation?

    Coeur Mining (CDE) is trading at a 2017 EV-to-EBITDA of 5.1x. This is the lowest among its peer group

    By Anuradha Garg
  • uploads///Silver_ratings
    Miscellaneous

    As Silver Outperforms Gold, How Do Analysts View Silver Miners?

    Precious metal miners with substantial exposure to silver have performed quite well YTD (year-to-date) since silver has outperformed gold.

    By Anuradha Garg
  • uploads///Silver
    Basic Materials

    Should You Bet on Silver Miners as the Fed Sparks Gold?

    Precious metals miners with substantial exposures to silver are usually classified as silver miners. Tahoe Resources, Coeur Mining, and Pan American Silver are a few.

    By Anuradha Garg
  • uploads///Analyst reco
    Basic Materials

    Analyzing Market Sentiment: Which Silver Miner Do Analysts Favor?

    So far in this series, we’ve analyzed the key operating and financial metrics for silver miners. Here, we’ll look at market sentiment for these companies.

    By Anuradha Garg
  • uploads///Current ratio
    Basic Materials

    Silver Miners: Which Stocks Have Comfortable Liquidity Profiles?

    While financial leverage is important in gauging a company’s long-term solvency, short-term liquidity profiles are also important. In a weaker commodity price environment, short-term liquidity might come under more pressure.

    By Anuradha Garg
  • uploads///Financial health
    Basic Materials

    Coeur Mining’s Trying to Improve Its Financial Health: Here’s How

    While precious metal prices have remained buoyant since the start of the year, miners are leaving no stone unturned in their mission to prune their balance sheets wherever possible.

    By Anuradha Garg
  • uploads///AISC
    Basic Materials

    Which Silver Miners Could Have an Upside to Cost Guidance in 2016?

    In a commoditized business such as mining, cost efficiency differentiates miners based on command premium and outperformance over the long term.

    By Anuradha Garg
  • uploads///Production
    Basic Materials

    Which Silver Miners Can Deliver Production Growth in 2016?

    Hecla Mining (HL) recorded strong 71% silver production growth and 41% gold production growth year-over-year in 2Q16.

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

    Silver Miners’ Commodity Exposure: What You Need to Know

    In the previous part of this series, we looked at miners’ geographic exposure—which is important to consider, given the geopolitical risks some jurisdictions face.

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

    Should You Worry about Tahoe Resources’ Geographic Exposure?

    Due to rising taxes, royalties, changes to mining codes, and asset nationalizations in the last few years, many big mining projects have been rendered uneconomical.

    By Anuradha Garg
  • uploads///Intro
    Basic Materials

    Why Have Coeur and Hecla Outperformed in 2016?

    Along with gold, silver has risen as one of the best-performing metals in 2016. Here’s what you need to know.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    Coeur Mining’s Valuation Going Forward: What’s the Key?

    Coeur’s EBITDA margin is only higher than PAAS. This is mainly due to higher costs, which results in a lower valuation multiple.

    By Anuradha Garg
  • uploads///Silver Miner_Ratings
    Basic Materials

    As Silver Outshines Gold, Which Silver Miners Are in Favor?

    Precious metal miners with substantial exposure to silver have also performed quite well year-to-date, as silver has outshined gold.

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

    What’s Driving Analysts’ Estimates for Tahoe Resources?

    Tahoe is an intermediate precious metals producer with high-quality assets in attractive mining jurisdictions and a strong growth profile.

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

    Tahoe Resources Is an Analyst Favorite

    Among all the primary silver producers (SIL), Tahoe Resources (TAHO) seems to be an analyst favorite.

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

    What Could Drive Estimates Higher for Pan American Silver?

    Being a high-cost producer, Pan American Silver had EBITDA margins of just 10.5% in 2015, which is the lowest among its peers.

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

    Why Growth in Gold Production Is Important for Gold Miners

    Future gold production growth is important because the gold market is forward-looking, making future gold production a key driver of gold miners’ revenue.

    By Steve Ariel
  • uploads///EV EBITDA_Xun
    Company & Industry Overviews

    Analyzing the Valuations and Returns of Intermediate Gold Miners

    Gold mining companies appear to have better future EBITDA growth potentials, even though they are trading at lower multiples.

    By Steve Ariel
  • uploads///Financial Health_Xun
    Company & Industry Overviews

    Evaluating the Financial Strength of Major Gold Miners in 2015

    Gold miners should have enough liquidity to repay their debts. If mining companies have higher debt and less liquidity, they may face cash problem.

    By Steve Ariel
  • uploads///Financial health
    Company & Industry Overviews

    Comp: Is Barrick Gold’s High Debt a Cause for Concern?

    Barrick Gold’s high debt has been a major concern for investors. As of 2Q15, Barrick is close to nearly 90% of its reduction in the debt target of $3 billion.

    By Anuradha Garg
  • uploads///Managing in volatile market
    Miscellaneous

    Can Goldcorp Withstand the Lower Gold Price Environment?

    Going forward, Goldcorp plans to repay its debt from asset proceeds, which should be a positive in a weaker gold price environment.

    By Anuradha Garg
  • uploads///Net debt
    Earnings Report

    Goldcorp’s FCF Growth Could Strengthen Its Balance Sheet

    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.

    By Anuradha Garg
  • uploads///Managing in volatile market
    Earnings Report

    How Goldcorp is Managing in a Volatile Gold Price Market

    Goldcorp took several steps during 2Q15 to weather the current weaker gold price environment. The company reduced dividends by 60% to $0.02 per month.

    By Anuradha Garg
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