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Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,608
Close 2014-09-04 C$ 18.51
Market Cap C$ 21,558,034,444
Recent Sedar Documents

Post says Rio Alto, others' costs seen as below $1,000

2014-09-04 07:21 ET - In the News

See In the News (C-RIO) Rio Alto Mining Ltd

The Financial Post reports in its Thursday edition gold prices may be under $1,300 an ounce, but some analysts say there is still value in miners. The Post's John Shmuel writes gold's stagnant price has raised questions about the financial health of gold miners, but CIBC World Markets said some gold companies offer attractive value. "Having thrown the companies in our coverage universe under the bus by penalizing them for having debt, spending capital and not having growth, we end up with a handful that, on our current forecasts, appear to still offer a good enough reason to be considered for investment," CIBC analysts said in a research note. One crucial metric for gold miners is the all-in sustaining costs to produce and deliver an ounce of gold. Nana Sangmuah, analyst at Clarus Securities, said investors need to divide current gold miners between the so-called safe havens -- those with all-in sustaining costs below $1,000 an ounce -- and companies that need prices to stay at current levels or higher to remain profitable. Mr. Sangmuah said safe haven names include Rio Alto Mining, Barrick Gold, Randgold Resources, Teranga Gold, Yamana Gold, Agnico Eagle Mines and Alamos Gold.

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