~*~Mining and Metals Du Jour~*~

[NYBob]

#1 Goldcorp (GG) -

Goldcorp is on the gold list because the company is one of the lowest-
cost senior gold producers in the world, with all-in sustaining
costs [AISC] in 2013 close to $1,000 an ounce and adjusted cash
flow of $1.6 billion.
In 2013, the company paid out $468 million in dividends, compared
to $438 million in 2012, and Goldcorp pays out its dividend every
month, which is very convenient for shareholders.

Goldcorp produced 2.7 million ounces of gold in 2013 and projects
full-year 2014 production of 2.95 to 3.1 million ounces,
increasing to 3.6 to 3.8 million ounces by 2015.
Most of Goldcorp's production comes from politically-safe mining
jurisdictions, with 35% of production in Canada and 33% in Mexico.

As mentioned, Goldcorp is a very low-cost producer, meaning it is
profitable at current gold prices and even lower prices.
For the first quarter of 2014, the company lowered AISC to
$840 per ounce, below forecasts of $950 to $1,000.

I think there is a great chance that Goldcorp not only maintains
but grows its current dividend.
Besides producing gold at low cost, the company has a rock solid
balance sheet, with $1 billion in cash and a $1.4 billion un-drawn
revolving credit facility.
You will see from the below chart that Goldcorp has the lowest net
debt in billions as a percentage of its market cap
compared to peers.



Low costs and a solid balance sheet has allowed the company to
maintain a stronger dividend track record than its peers, with an
estimated 32% of operating cash flow paid in dividends for 2014,
compared to an estimated 16% for Yamana Gold (AUY), 11% for Agnico
Eagle (AEM), and 8% for Barrick Gold (ABX).


Credit: Goldcorp corporate presentation

Because of its high quality, low cost mines, consistent dividend
track record and solid balance sheet, Goldcorp is currently my
favorite dividend paying gold stock.

This article was sent to 12,792 people who get email alerts on GG.

Note.
one smaller gold producer with higher yield dividend payout -

http://www.youtube.com/watch?v=TBPQuNsY-Kc#t=20

Caledonia Mining Corporation (CALVF) June Presentation -

http://www.proactiveinvestors.co.uk/genera/files/companies/presentation_caledonia_june_2014_final.pdf


God Bless