The company reiterated its 2015 gold guidance, raised it for copper and trimmed its capex. "Gold guidance of 6.2-6.6Moz, cash costs of $600-$640/oz and AISC of $860-$895/oz were reiterated. Copper guidance increased to 480-520Mlbs from 310-340Mlbs on Lumwana's continuation. ABX trimmed $0.1B from capex, with $0.2B in savings offset by +$0.1B at Lumwana," the analysts wrote.
Barrick Gold also reiterated its debt reduction target besides announcing the initiation of the Zaldivar sale partial divestiture process.
The EPS estimates for 2015, 2016 and 2017 were raised from $0.41 to $0.47, from $0.64 to $0.66 and from $0.42 to $0.47, respectively, to reflect lower DD&A expenses.
ust as contrarians would have predicted, the biggest rally of the last couple of years — during the summer of 2013 — came in the wake of the greatest amount of bearishness (when the HGNSI dropped to minus 56.7%). Contrarian analysis leads us to expect that it will take a similar amount of bearishness to catalyze a rally of similar magnitude to what was experienced then.
Fed lie this from 2008 ...if growth is negative ZERO interest is also not good enough!! Print more money (QE) buy Gold and protect USD !!!!!!!!!!!
GG is held in hostage ?
Major GG trading is done only one hedge fund...seems to be a big fraudster with all price manipulations. Mainly controlling trade through options and to protect their options this hedge fund goes to any level. Poor GG !!
Do not fall into short trap use common sense - FED cannot increase the Rates in weak economy not like Russia.....!
If you cannot afford to loose DoNoT Sell! all Games
Goldcorp Inc. (TSX:G)(NYSE:GG) isn’t usually the first name that comes to mind when investors start looking for dividend stocks.
The gold miner is normally picked as a way to play a rise in precious metals prices, but the company also pays a monthly distribution that currently offers shareholders a 3% yield.
Let’s take a look at Goldcorp to see if it should be in your portfolio.
Goldcorp actually has a solid history of dividend growth. In the past five years the annualized distribution has more than tripled from US$0.18 per share to the current payout US$0.60 per share.