The Investment Reporter, in its Aug. 22, 2014, issue, says hold Barrick Gold Corp., recently $20.45. The Reporter said buy 22 times from Nov. 17, 1995, to March 1, 2013, at prices ranging from $23.52 to $47.75. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $14,683. In the first half of 2014, the gold producer earned $397-million (U.S.), or 34 U.S. cents a share, down from $1.58-billion (U.S.), or $1.58 (U.S.) a share, a year earlier. In the six months to June 30, 2014, Barrick generated revenues of $5.06-billion (U.S.), down from revenues of $6.6-billion (U.S.) last year. The company sold 3.14 million ounces gold in the first half of 2014, down from 3.56 million ounces gold a year ago. Barrick may have little control over the price of gold, but it does have some control over its costs. It expects to reduce its all-in sustaining costs and 2014 capital spending despite lower production. Since 2012, Barrick has sold non-core assets for $1.3-billion (U.S.); it used most of this cash to repay debt. The company's net-debt-to-cash-flow ratio now stands at 2.5. In 2014, Barrick is expected to earn 71 U.S. cents a share. Hold for a long-term price recovery.