Newmont Goldcorp Corp (NGT)

[NYBob]

Dr Jim Willie Doubling of Gold Price Overnight -

http://www.youtube.com/watch?v=P9oPG8MyhBE

Dr Jim Willie Out of Control Chaos Coming with Shortages of Gold, Silver, Food, Gasoline and More

http://www.youtube.com/watch?v=lVUE0F0xO_g

Precious metals have corrected significantly, and Gold is back
at the bottom of the range.
Presuming that $1200-$1450 is the range for the medium term,
one can expect a bounce.
The stocks have also corrected and most are near the 52 week
lows.
The valuations are good if one considers some specific
companies, and any rebound in gold price can take those stocks
much higher.
Most of the companies have made cost adjustments to align
themselves to the low price scenario.
Goldcorp has taken the impairment hits, and is trading at less
than its book value.
However, there has been yoy increase in all-in sustaining costs
in Q3'13, and the sales also declined sharply.
The all-in costs in Q3 came in at $992 per ounce compared to
$801 for Q3'12.
This compares well will many peers, though there are even
development stage companies with lower expected cost of
production like Pershing Gold (PGLC. Analysts are relatively
positive on the stock. One analyst on SA recently expressed
positive sentiments about the company in comparison with
Barrick Gold (ABX).
The author mentioned that Goldcorp has implemented a successful
and disciplined growth and capital allocation strategy, and is
much lower on debt.
It operates in low risk jurisdictions and maintains its strong
focus on gold with only a small exposure to silver.
The cash position is also good as it had more than $1 billion
on September 30.
Goldcorp needs to keep the costs of production and capex under
control so that it can deliver better results in future
quarters.
The focus on cost rationalization is evident from what the
management stated during the earnings release.
Most of its mines saw reductions in costs compared to Q2, and
the efforts can have positive impact on future financial
results.
Importantly, the management stated that the company was past
the peak of capital expenditure. Low cost companies will be
preferred by investors, and Goldcorp appears to be taking the
right steps to lower the costs systematically.
investora2z thanks good info



http://www.goldcorp.com
God Bless