gold prices

IAMGOLD $1.84 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 391.4 million; Market cap: $660.9 million; No dividends paid) owns 41% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 90% of the Essakane gold mine in Burkina Faso; 100% of the Doyon mine in Quebec; and 95% of the Rosebel mine in Suriname, South America. In the three months ended September 30, 2015, IAMGold’s revenue fell 27.6%, to $207.6 million from $286.7 million a year earlier. Cash flow per share dropped to $0.09 from $0.24. Lower gold prices and production caused the declines. IAMGold’s long-term production outlook is positive. Meantime, the company holds a high $730.2 million U.S. in cash and gold bullion. A large part of that cash came from the $500-million sale of its Niobec niobium mine in Quebec’s Saguenay-Lac-Saint-Jean region in early 2015. When used as an additive, niobium makes steel stronger, more heat-resistant and easier to weld....

YAMANA GOLD $2.13 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 946.6 million; Market cap: $1.9 billion; Dividend yield: 1.0%) owns eight operating gold mines in Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina and has a number of other properties in advanced stages of development. In the three months ended September 30, 2015, the company’s gold production fell 1.9%, to 325,897 ounces from 332,344 a year earlier. The decline mainly resulted from lower ore grades at two of its mines. Gold prices fell 12.1% in the latest quarter. That, plus the lower production, cut Yamana’s cash flow by 25.9%, to $133.9 million from $180.7 million. Cash flow per share declined 39.1%, to $0.14 from $0.23, on more shares outstanding....

ALAMOS GOLD $3.40 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681- 2802; www.alamosgold.com; Shares outstanding: 255.5 million; Market cap: $921.0 million; No dividends paid) took its current form in July 2015, when Alamos Gold merged with Stock Pickers Digest recommendation AuRico Gold. The combined firm owns the Mulatos mine in Mexico and the Young-Davidson project in northern Ontario, which holds as much as 5.6 million ounces of gold. Young- Davidson started up in 2013 and will reach full production this year. In the three months ended December 31, 2015, Alamos’s gold production rose 5.7%, to a record 104,734 ounces from 99,083 a year earlier. The company holds cash of $320.8 million U.S., which it will use to complete Young-Davidson and increase its gold output from 380,000 ounces in 2015 to over 400,000 this year....

YAMANA GOLD $2.13 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 946.6 million; Market cap: $1.9 billion; Dividend yield: 1.0%) owns eight operating gold mines in Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina and has a number of other properties in advanced stages of development. In the three months ended September 30, 2015, the company’s gold production fell 1.9%, to 325,897 ounces from 332,344 a year earlier. The decline mainly resulted from lower ore grades at two of its mines. Gold prices fell 12.1% in the latest quarter. That, plus the lower production, cut Yamana’s cash flow by 25.9%, to $133.9 million from $180.7 million. Cash flow per share declined 39.1%, to $0.14 from $0.23, on more shares outstanding....

ALAMOS GOLD $3.40 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681- 2802; www.alamosgold.com; Shares outstanding: 255.5 million; Market cap: $921.0 million; No dividends paid) took its current form in July 2015, when Alamos Gold merged with Stock Pickers Digest recommendation AuRico Gold.

The combined firm owns the Mulatos mine in Mexico and the Young-Davidson project in northern Ontario, which holds as much as 5.6 million ounces of gold....

In next week’s Stock Pickers Digest Hotline, we’ll reveal our top stock picks for 2016. Don’t miss this unique opportunity to profit. DREAM OFFICE REIT, $14.57, symbol D.UN on Toronto, owns and manages 174 properties comprising 23.3 million square feet of office and retail space in major Canadian cities. In the three months ended September 30, 2015, Dream Office’s revenue rose slightly, to $202.4 million from $201.7 million a year earlier. Cash flow gained 2.5%, to $69.7 million from $68.1 million, while cash flow per unit fell 3.2% to $0.61 from $0.63, on more units outstanding....

NEWMONT MINING $18.56 (New York symbol NEM; Shares outstanding: 529.1 million; Market cap: $9.8 billion; TSINetwork Rating: Average; Dividend yield: 0.5%; www.newmont.com) has updated its long-term production goals and operating cost forecasts. The company expects its gold production to rise from 4.7 million to 5.1 million ounces in 2015 to between 5.2 million and 5.7 million ounces in 2017 as it opens new mines. It also recently acquired the Cripple Creek & Victor gold mine in Colorado for $820 million. Newmont’s annual output will likely fall to between 4.5 million and 5.0 million ounces from 2018 to 2020. However, the company could reverse that trend through acquisitions....

With a new U.S. mine boosting production, Newmont Mining adapts to lower gold and copper prices by focusing on quality and cost-cutting

The best gold stocks will generate positive cash flow even with low gold prices and also offer rising production outlooks.

PLEASE NOTE: This is our last Hotline for 2015. Our next Hotline will go out on Friday, January 8, 2016. ATLANTIC TELE-NETWORK, $76.27, symbol ATNI on Nasdaq, owns wireless and wireline (traditional telephone and Internet) operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda and parts of the Caribbean islands. The company continues to increase its wireless capacity and coverage. That’s paying off as customers use more mobile data for services like music downloads, mobile gaming and e-books....