Week 6: 9M BRC on Newmont Mining Corp and Anglo American PLC

Gold & precious metals producers global outlook:

• Gold mines had to restructure their costs and had more pressure from authorities. That leads into a more stable management
• New technologies enables to produce more efficiently, reduce human resources for precarious work to avoid social conflicts
• Gold faces growing demands from emerging countries were upper and middle classes are booming
• A basic rule admits that if Gold prices are growing at X%, goldmines will grow with a leverage effect*
• Crypto currencies loses their attraction and cash flows are going back to gold*
• Global recession fears in western countries
• Growing distrust in USD

* Listen to an interesting analyse from John van Eck (EN)


 

Underlyings:

• Anglo American Plc (AAL LN): is a multinational mining company based in Johannesburg, South Africa and London, United Kingdom. The company has operations in Africa, Asia, Australasia, Europe, North America and South America.
• Newmont Mining Corp (NEM UN): based in Greenwood Village, Colorado, USA, is an American mining company specialized in gold and copper that traces its roots to the diversified holding company William Boyce Thompson established in 1916.

9M BRC on NEM and AAL in EUR Quanto