Gold and Silver Mining Stocks

[silver_bars]

Barrick Gold's dirty little secret regarding it's under-performance to the Gold spot price .....

Barrick Gold, one of the largest Gold mining companies in the world, a company that has been in business for the past aprox. 41 years ... can no longer produce anywhere near the amount of Gold it use to produce even as recently as just 10 years ago ...

* 10 years ago, the production trend from Barrick was production of aprox. 7 million Gold ounces per year ....

* Recently, the production trend from Barrick is only aprox. 4 million Gold ounces per year ...

So .... what does this mean? ... in my opinion ...

* large multi-million ounce Gold deposits have become much more scare over the past decade ...

* despite high Gold prices, Barrick has been unable to ramp up production anywhere near it's production profile of even just 10 years ago ... this is despite Barrick having massive cash-flow & assets to finance expansion - if it could find quality sizeable Gold deposits to ramp up production on.

* due to the increasing scarcity of high quality exploitable multi-million ounce Gold deposits ... this explains why Barrick has begun to focus on the acquisition of Copper-Gold deposits ...

* Barrick is reluctant to publically admit to the primary reason for it's trend of declining Gold production ... and instead is trying to spin a narrative about diversifying into a hybrid Copper-Gold producer due to the clean energy revolution.

* Barricks trend of a nearly 50% decline in Gold production by ounces, is roughly corresponding to brutal under-performance of Barrick's stock price as compared to the spot price of Gold over the past several years .....