The world of gold is quite lively these days. Sudden mine closures and falling gold prices are causing havoc in the market. Gold is a safe-haven, a place of security that people look to in times of political and financial upheaval. Until another disaster strikes, gold's prospects look rather dim.
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground, and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground, and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
The gold market continues to cool down. The recovery of the U.S stock market is pulling investors out of safe haven investments and into the stock market. The leading gold producers are the first to suffer from this shift in market sentiment. Will shares of gold companies including Barrick Gold (NYSE: ABX) and Goldcorp(NYSE: GG) continue to decline? Will the upcoming financial reports of these companies pull their more »
I am not in favor of letting daily news affect my long-term investments. Even so, the Cyprus news, with fears on the safety of paper money flaring up, reminded me of the necessity to diversify into commodities. In the following, I will explain my line of thoughts, starting at physical gold and ending up with an investment into shares of the gold miner GoldCorp(NYSE: GG).
Any Fool knows that the goal is to buy low and sell high. If you're considering purchasing an undervalued gold mining stock, this is your golden opportunity.
Private citizens rushed to the bank yesterday in Cyprus; a flurry of withdrawals resulted as citizens learned the terms of the Cyprus bailout. Imagine taking 10% of a private citizen’s funds to cover the bailout. Is it any wonder that the more »
The Canadian-based gold producer Yamana Gold (NYSE: AUY)engages in the production, exploration, extraction and processing of gold and other precious metals. The company has operations in Brazil, Argentina, Chile, Mexico and Colombia.
Quarterly Earnings
On Feb. 20, Yamana Gold released its earnings for the fourth quarter of 2012. The company reported earnings of $169.2 million, or 22 cents a share, versus $89.6 million, or 12 cents a more »
It is widely known that there has been a drop in mining M&A. Specifically, global mining M&A was down by a third last year, and year-to-date has declined by a further third over the same period last year, according to data provider Dealogic. That has quieted the activity and news flow in the sector despite share prices for some of the largest miners at some the cheapest levels more »
Most fund managers, if you asked them in private, would likely concede that buying a 30 year bond with a yield that is less than inflation is not an ideal long term investing strategy. Yet the current price of bonds suggests the actions of the majority of investors runs counter to this. You see, it is the actions of investors, not the sound bites they (and the talking heads on more »
Shares of Barrick Gold (NYSE: ABX) continued their downward trend from 2012 and lost almost 12% of their value in 2013 (year-to-date). Barrick along with Goldcorp (NYSE: GG) have decided to report the full costs of their productions in an attempt to be more transparent and perhaps regain the confidence of investors. Will this transparency be enough to bring back investors? More importantly, will Barrick rally in 2013?
Headquartered in Canada, Barrick Gold Corp.(NYSE: ABX) is the largest gold mining company in the world. The company has four regional business units in North America, South America, Africa and Australia.
Barrick Gold Earnings
On the Feb. 14 Barrick Gold released its earnings for 4Q12. The company reported a net loss of $3.06 billion or $3.06 per share, which included an impairment charge of $4.2 billion more »
The price of gold has started off the year on a negative note and has lost nearly 3.9% of its value (year to date). Moreover, gold hasn't done well in 2012. Is the big gold rally of 2006-2010 over? Is it time to change our way we consider gold as an investment that will sharply appreciate over time? Due to the weakness in the gold market, major gold more »
On the Feb. 4, Randgold Resources(NASDAQ: GOLD) announced its earnings for 4Q12. As earnings per share were up $0.50, the company announced a 25% increase in its dividend. Total cash stood at $50 million less than the previous year amid a $560 million investment in capital development.
Randgold’s flagship operation, Loulo-Gounkoto, reached the 0.5 million production level. In the case of underground mines, Yalea more »
Royal Gold(NASDAQ: RGLD) has been showing solid numbers in terms of profit margins and revenues growth: as of the third quarter of 2012, the company's revenues rose by 21% and its operating earnings by 27.6%. The company's operating margin was 61%. These impressive numbers were noticed as shares of the company rose by 20.66% during last year. Nevertheless, this rally might reach a halt in more »
Many investors in gold bullion have become increasingly worried due to the lack of price appreciation lately. Although there has been an aggressive monetary policy initiative by the Federal Reserve, gold bullion and mining stocks in the sector have declined. In this case, I have briefly three stocks two of which are recommended as buys and one is recommended as a short.
2012 was a year many leading gold producers would like to forget. Shares of many gold producers haven't performed well during last year. The stagnation of the price of gold during the year contributed to poor performance of several gold producers. It also eroded the revenues growth of some gold companies. Will leading gold companies be able to turn it around in 2013? Let's examine this issue in more »
In recent years, many investors added to their portfolio precious metals as a safe haven investment. Assuming you have already decided to include a gold related investment in your portfolio, you will need to decide whether you wish to invest in gold or a gold company (e.g. a royalties company, gold producer, etc). Investing in gold could include a gold ETF, such as SPDR Gold Shares, the largest gold more »
While gold has attracted many risk-averse investors, gold producers, strangely enough haven't seen a commensurate rise in value. Although this may tempt you into buying whatever gold producer you can find on the Street, careful screening is always recommended. I encouraging backing a variety of emerging players and those that will drive high volumes to offset any fears about gold depreciation.
When it comes to basic materials, gold is no doubt the most popular. However, investors ought to consider diversifying in producers with exposure in aluminum and alumina. Through diversification, investors can hedge against the downfall of one basic material through the, perhaps accompanied, rise of another.
