AuRico depends on just three mining assets for all of its gold production. Operational issues at any one of these mines could have a large impact on the firm's financial results. AuRico issued massive amounts of new equity to finance its recent acquisitions. The firm will have to deliver on the
Agnico can achieve significant growth by focusing on expansion opportunities at existing assets.
Harmony's South African assets remain challenging, but Wafi-Golpu holds considerable promise.
DRDGold suffers from high production costs and a lack of geographic diversification.
Investors seeking a low-cost producer among the majors should look elsewhere.Given its massive size, Newmont is likely to find it difficult to significantly expand production.Newmont is facing delays and local opposition at its Conga development in Peru.Newmont recently wrote down the value of its
Higher production costs are increasing Barrick's reliance on strong gold prices.
South Deep is a world-class asset that could help turn around Gold Fields' South African operations.
SocGen has met EBA capital targets but still has a worryingly thin tangible equity base.
Buenaventura can offset declining production at Yanacocha with internal growth projects.
DRDGold suffers from high production costs and a lack of geographic diversification.