The story goes that sometime in the early 1990s, a Western Australian gold mining outfit had purchased a pub across the road and included the pub revenue in the gold revenue with costs being accounted for somewhere else below the line in their financials. (Apparently the pub was only marginally profitable, which in itself makes this story highly questionable; but let's not allow details to get in the way of a good story.) One is tempted to ask: "Would'cha like a whiff of beer with that gold?" when calculating 'What It Really Costs' to mine gold for this particular outfit.
Irony aside, we felt it was as good a time as any to sit down and write a short piece on gold mining costs, and why it may not be as simple to produce meaningful metrics as some seem to suggest.
Before we continue, we would like to give references to sources that we used liberally for this article: Brian Christie, VP Investor Relations at Agnico-Eagle (AEM), gave a talk at the Denver Gold Group Luncheon on May 6 in Toronto and the presentation can be viewed here. Andrew J Vigar of Mining Associates gave a keynote at the Mines and Money conference in Hong Kong in March 2013 and the presentation is here. The Visual Capitalist has uploaded a relevant presentation on the topic here. And the Break Away Digger has an interesting piece available here. These documents come with a recommendation for your weekend reading from your humble scribe.
Top 5 Services Companies To Watch For 2016: EOG Resources Inc.(EOG)
EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. As of December 31, 2010, its total estimated net proved reserves were 1,950 million barrels of oil equivalent (MMBoe), of which 386 million barrels (MMBbl) were crude oil and condensate reserves, and 152 MMBbl were natural gas liquids reserves; and 8,470 billion cubic feet (Bcf) or 1,412 MMBoe were natural gas reserves. The company held approximately 520,000 net acres in the mature oil window of the Eagle Ford Shale Play near San Antonio, Texas. EOG Resources, Inc. was founded in 1985 and is based in Houston, Texas.
Advisors' Opinion:- [By Matt DiLallo]
One of the leaders in the Eagle Ford is EOG Resources (NYSE: EOG ) , the largest producer in the play with production of 153,000 barrels of oil equivalent production per day as of the end of last quarter. The company estimates that it alone can capture about 8% of the estimated 26.4 billion barrels of oil equivalent that's in place. This gives EOG reason to believe it will be drilling on its Eagle Ford acres for the next 15 years, which will keep oil production in the U.S. not only flowing, but growing.
- [By Neil Macneale]
In considering an addition to our portfolio, we looked at EOG Resources (EOG), which is a big ($52B) oil and natural gas producer with decent numbers, but nothing too exciting.
- [By Matt DiLallo]
Chesapeake Energy� (NYSE: CHK ) �recently held its annual investor day. Among the many topics the company discussed was its emerging position in the Powder River Basin in the Rocky Mountains, which it sees becoming a world-class asset. That enthusiasm isn't just being conveyed by Chesapeake Energy. Earlier this year,�EOG Resources� (NYSE: EOG ) �announced that it was�adding four new Rocky Mountain oil plays�to its drilling inventory while�Devon Energy� (NYSE: DVN ) �noted that it was drilling high-impact wells in the Powder River Basin.
- [By Tyler Crowe]
For lack of a better form of transportation
The recent surge in rail shipments of oil got its start back in 2009, when EOG Resources (NYSE: EOG ) announced a deal with Burlington Northern Santa Fe to move crude away from the Bakken region to markets such as Cushing, Okla. At that time, only 110,000 barrels of oil per day could be moved away from the region through pipeline, and the expansion of production there meant that other methods would need to happen. While trucking to other markets was deemed uneconomical, the differences in spot prices between Bakken crude and West Texas intermediate made it worth the extra costs to ship by rail.
Hot Heal Care Companies To Buy For 2015: Geely Automobile Holdings Ltd (GELYF.PK)
Geely Automobile Holdings Limited is an investment holding company. The Company, along with its subsidiaries, is engaged in the research, production, marketing and sales of sedans and related automobile components in the People�� Republic of China (PRC). The Company operates in two segments: automobiles and related parts and components segment, engaged in the manufacture and sale of automobiles, automobile parts and related automobile components, and gearboxes segment, engaged in the manufacture and sale of gearboxes. The Company�� subsidiaries include Centurion Industries Limited, Value Century Group Limited, Geely International Limited, Zhejiang Fulin Guorun Automobile Parts & Components Co., Ltd., Linkstate Overseas Limited, Luckview Group Limited and Luck Empire Investment Limited, among others. Advisors' Opinion:- [By Elliott Gue]
This so-called One Ford initiative involved the US$2.3 billion sale of Jaguar and Land Rover to Tata Motors (TTM) and the US$1.6 billion divestment of Volvo to Geely Automobile Holdings (GELYF.PK). After selling the majority of its stake in Mazda Motor Corp (MZDAY.PK) and discontinuing Mercury, Ford Motor Company's portfolio consists of its eponymous mass-market brand and the higher-end Lincoln.
Hot Heal Care Companies To Buy For 2015: Bk Of Nova Scotia Com Npv (BNS.TO)
The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth & Insurance, and Global Banking & Markets. The Canadian Banking segment provides retail and small business banking products and services, including deposit accounts, investments, mortgages, loans, debit cards, credit cards, and related creditor insurance products to individuals and small businesses; and commercial banking solutions comprising deposit, lending, and cash management solutions to medium and large businesses. This segment offers its products through a network of 1,038 branches and 3,800 automated banking machines, and specialized sales teams, as well as through Internet, mobile, and telephone banking in Canada. The International Banking segment provides retail and commercial banking services to customers located in the Caribbean, Latin America , Central America, and Asia through a network of approximately 3,000 branches and offices, 7,500 automated banking machines, in-store banking kiosks, and specialized sales forces, as well as through mobile, Internet, and telephone banking. The Global Wealth & Insurance segment provides wealth management services, comprising asset management and client-facing services; and insurance products and services, such as creditor, life and health, home, and auto and travel insurance products. The Global Banking & Markets segment offers corporate lending, equity and debt underwriting, and mergers and acquisitions advisory services, as well as fixed income, derivatives, prime brokerage, securitization, foreign exchange, equity sales, trading and research, energy and agricultural commodities, and precious and base metals to corporate, government, and institutional investor clients. The Bank of Nova Scotia was founded in 1832 and is based in Toronto, Canada.
Advisors' Opinion:- [By Roadmap2Retire]
Monthly Contributions: I add to my positions in the following stock and funds on a monthly basis:
Claymore S&P US Dividend Growers ETF (CUD.TO) is an ETF of 83 dividend growers and provides me with exposure to excellent corporations across all sectors. The ETF has a 1.8% yield and pays distributions monthly. iShares Canadian Financial Monthly Income Fund (FIE.A.TO) is an ETF of 24 Canadian financial equities (70%) and bonds (30%). The fund yields 6.5% and pays distributions monthly. Scotia Canadian Balanced Fund (mutual fund) is an index fund tracking the Canadian S&P/TSX Composite Index and the DEX Universe Bond Index. The fund yields 0.52% and pays distributions quarterly. The Bank of Nova Scotia (BNS.TO) is the third largest of the Canadian banks by deposits and market cap. BNS is also the most international of the Canadian banks with exposure in 55 countries outside Canada. BNS saw a pause in its dividend growth during the financial crisis. However, BNS has started raising dividends after the crisis with a 5-yr DGR of 5.15%. I have a DRIP plan in BNS and invest monthly to this holding. My WatchlistI am also considering various stocks that are not currently in my portfolio, but the current high valuations do not provide many options.
Hot Heal Care Companies To Buy For 2015: Vanguard Consumer Staples Etf (VDC)
Vanguard Consumer Staples ETF (the Fund), formerly known as Vanguard Consumer Staples VIPERs, is an exchange-traded share class of Vanguard Consumer Staples Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Consumer Staples Index (the Index). The Index is an index of stocks of large, medium and small United States companies in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages and tobacco, as well as producers of non-durable household goods and personal products. It also includes food and drug retailing companies, as well as hypermarkets and consumer supercenters.
The Fund attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund also may sample its target Index by holding stocks that, in the aggregate, are intended to approximate the Index in terms of key characteristics, such as price/earnings ratio, earnings growth and dividend yield.
Advisors' Opinion:- [By Chris Versace, Editor, PowerTrend Brief and PowerTrend Profits]
That, to me, says they're going to favor inelastic goods over elastic ones, so when you think of the things that we need each and every day, toilet paper, toothpaste, deodorant, shampoo, household cleansers, that sort of thing, that's what brings me into (XLP) and (VDC).
Hot Heal Care Companies To Buy For 2015: PURE Bioscience Inc.(PURE)
Pure Bioscience, Inc. engages in the discovery, development, and commercialization of bioscience products principally in the United States. The company offers silver dihydrogen citrate (SDC) based antimicrobials. The silver dihydrogen citrate technology is an electrochemical process that allows the generation of ionized silver in the presence of organic acid. It provides PURE Hard Surface, a hard surface disinfectant and food contact surface sanitizer for use in food processing equipment, machinery, and utensils; Axen30, a hard surface disinfectant; Silv�ion, an antimicrobial formulation used as a raw material in the manufacturing of personal care products; and Axenohl, an antimicrobial formulation for use as a raw material in the manufacturing of environmental protection agency-registered products. The company also offers research and development services in food processing, agriculture, water treatment, pharmaceuticals, and oil and gas projects. It sells its products t hrough partners and distributors primarily to industrial and consumer markets. The company, formerly known as Innovative Medical Services, was founded in 1992 and is headquartered in El Cajon, California.
Advisors' Opinion:- [By Glenwoods]
According to the global market research company Mintel, stevia-based products have increased 400% globally between 2008 and 2012, with a rise of 158% from 2011 to 2012. Stevia has grown so much in demand that the world�� largest alfalfa grower, California-based S&W Seed (SANW), began growing stevia with high glycoside yields for PureCircle (LN:PURE), the world�� largest producer of stevia, in 2011 and on roughly 250,118 acres. Now some U.S. tobacco farmers have begun to switch from growing tobacco to stevia, as tobacco sales are sliding and stevia sales are growing.
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