There is research on this stock available only to PRO subscribers.
Thu, Oct. 23, 9:10 AM
Fri, Oct. 3, 12:45 PM
Thu, Sep. 25, 5:35 PM
Mon, Sep. 15, 12:48 PM
Wed, Aug. 13, 12:28 PM
- Austerity moves clearly have helped gold miners navigate through the lower price environment, but Citigroup analysts warn that further belt-tightening will be difficult, and may even hurt long-term prospects.
- Citi cautions that the slowdown in capex invariably will result in a fall in production, which in turn will lead to a faster rise in unit costs; also, the recent increase in head grades across the global mining space is an unsustainable mining practice that can have further detrimental effects on future mine plans and ore bodies.
- Among miners Citi sees as most vulnerable to a low gold price environment are Sibanye Gold (NYSE:SBGL), Harmony Gold (NYSE:HMY) and DRDGOLD (NYSE:DRD), which the least vulnerable are Goldcorp (NYSE:GG), Barrick Gold (NYSE:ABX), Yamana (NYSE:AUY), Medusa Mining (OTC:MDSMF) and OceanaGold (OTCPK:OCANF).
- ETFs: GDX, NUGT, DUST, GLDX, RING, GGGG, PSAU
Dec. 17, 2013, 12:45 PM
Dec. 16, 2013, 12:46 PM
Sep. 19, 2013, 12:45 PM
Sep. 5, 2013, 5:39 PM
Mar. 1, 2011, 3:02 PMThe gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was the rising rand, which meant a 29% increase in the dollar value of gold translated into just a 13% jump for the SA miners. A lower rand (SZR) could turn things around in 2011. AU, GFI, HMY, DROOY. | Comment!
DRD vs. ETF Alternatives
DRDGold Ltd is engaged in the exploration, extraction, processing, and smelting of gold in South Africa. It primarily operates Ergo, a surface retreatment project; and Blyvoor, engaged in the underground and surface operations.
Other News & PR