Barrick Gold Corporation (NYSE:ABX) performed amazingly well in 2016, as the stock almost doubled in 2016. Moreover, the stock is off to a decent start this year, as the gold price is also displaying strong upward momentum. Since Donald Trump got elected for the 45th United States president, the dollar has been strengthening, which is obviously a bad sign for gold stocks, comprising Barrick Gold as well.
However, Barrick Gold is conceivably the most cost efficient among all the gold miners. The gold miner abridged its all-in sustaining cost (AISC) estimate multiple times in 2016, with the midpoint of its forecast currently residing at $760 per ounce, $449.70 per ounce less than the prevailing gold price. Continue Reading »