The Investment Reporter, in its May 8, 2015, issue, says hold Barrick Gold Corp., recently $15.24. 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 $10,942. Barrick produced 6.24 million ounces of gold in 2014; this was down from 7.16 million ounces the year before. On the positive side, its all-in sustaining costs declined to $864 (U.S.) an ounce in 2014 from $915 (U.S.) per ounce in 2013. In 2015, Barrick expects to produce 6.2 million to 6.6 million ounces of gold and its all-in sustaining costs to range from $860 (U.S.) to $896 (U.S.) an ounce. The company's net-debt-to-cash-flow ratio is 2.4, which is above the newsletter's comfort zone of two times or lower. To improve its balance sheet and credit ratings, Barrick hopes to repay $3-billion of debt this year. The gold producer is expected to earn 55 U.S. cents a share in 2015, down from 68 U.S. cents a year earlier. Its profit will probably recover to 73 U.S. cents a share in 2016. With the uncertain future course of gold price and other drawbacks, Barrick remains a hold.