Newmont Corp.

ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $8.55 (Toronto symbol XGD; buy or sell through brokers; ca.ishares.com) aims to mirror the performance of the S&P/TSX Global Gold Index, which is made up of 38 gold stocks from Canada and around the world. The ETF began trading on March 23, 2001. Its MER is 0.61%. The fund’s top holdings are Goldcorp at 13.6%; Newmont Mining, 11.5%; Barrick Gold, 9.7%; Franco-Nevada Corp., 9.3%; Agnico-Eagle Mines, 7.6%; Randgold Resources (ADR), 7.4%; AngloGold Ashanti (ADR), 4.3%; and Royal Gold, 4.0%.

iShares S&P/TSX Global Gold Index is a hold.
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In 2011, gold shot up to a high of $1,950 U.S. an ounce, and silver reached a peak of $48.48. Gold prices then fell steadily, hitting a low of $1,085 in August 2015 for the first time since mid-2010. The metal now trades at $1,146. Silver also declined to a five-year low of $14.11 an ounce in August 2015. It now trades at $16.05. In the longer term, gold and silver could well regain their 2011 highs. This would simply reflect the vast inflationary expansion in the U.S. money supply since the 2008 financial crisis....

NEWMONT MINING CORP. $16 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 529.1 million; Market cap: $8.5 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.6%; TSINetwork Rating: Average; www.newmont.com) has purchased the Cripple Creek & Victor gold mine in Colorado for $820 million. Cripple Creek will produce 350,000 to 400,000 ounces of gold a year once it completes its current expansion in 2016. To put that in context, Newmont expects to produce 4.6 million to 4.9 million ounces in 2015. The mine should last until at least 2026. The company feels it can cut Cripple Creek’s operating costs by 10%. However, like most gold firms, Newmont’s shares will need a gold-price recovery to move significantly higher. Newmont is still a hold.

NEWMONT MINING CORP. $16 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 529.1 million; Market cap: $8.5 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.6%; TSINetwork Rating: Average; www.newmont.com) has purchased the Cripple Creek & Victor gold mine in Colorado for $820 million.

Cripple Creek will produce 350,000 to 400,000 ounces of gold a year once it completes its current expansion in 2016. To put that in context, Newmont expects to produce 4.6 million to 4.9 million ounces in 2015. The mine should last until at least 2026. The company feels it can cut Cripple Creek’s operating costs by 10%. However, like most gold firms, Newmont’s shares will need a gold-price recovery to move significantly higher.

Newmont is still a hold.

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NEWMONT MINING $22.52 (New York symbol NEM; Shares outstanding: 529.0 million; Market cap: $11.9 billion; TSINetwork Rating: Average; Dividend yield: 0.4%; www.newmont.com) is buying the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti (New York symbol AU) for $820 million.

Cripple Creek will produce 350,000 to 400,000 ounces of gold a year once it finishes an expansion in 2016. To put that in context, Newmont expects to produce 4.6 million to 4.9 million ounces this year. The mine should last until at least 2026.

To help pay for Cripple Creek, the company will sell 29.0 million common shares for a total of $682 million. Newmont also recently agreed to sell its Waihi gold mine in New Zealand for $101 million.

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NEWMONT MINING $22.52 (New York symbol NEM; Shares outstanding: 529.0 million; Market cap: $11.9 billion; TSINetwork Rating: Average; Dividend yield: 0.4%; www.newmont.com) is buying the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti (New York symbol AU) for $820 million. Cripple Creek will produce 350,000 to 400,000 ounces of gold a year once it finishes an expansion in 2016. To put that in context, Newmont expects to produce 4.6 million to 4.9 million ounces this year. The mine should last until at least 2026. To help pay for Cripple Creek, the company will sell 29.0 million common shares for a total of $682 million. Newmont also recently agreed to sell its Waihi gold mine in New Zealand for $101 million....

A Canadian ETF with U.S. stocks promotes low volatility through beta ratings, but we recommend cost-effective ETFs matching a broad index.

NEWMONT MINING CORP., $23.55, New York symbol NEM, is buying the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti (New York symbol AU). The company will pay $820 million, which is equal to 7% of its $11.8-billion market cap (or the value of all outstanding shares). Newmont expects to complete the purchase in the third quarter of 2015. Cripple Creek will produce 350,000 to 400,000 ounces of gold a year once it completes its current expansion in 2016. To put that in context, Newmont expects to produce 4.6 million to 4.9 million ounces in 2015. The mine should last until at least 2026....

BMO Low Volatility U.S. Equity ETF, $25.34, symbol ZLU on Toronto (Units outstanding: 11.5 million; Market cap: $291.4 million; www.etfs.bmo.com), aims to invest in a portfolio of low-beta U.S. stocks. The fund has a 0.30% MER and yields 2.0%. The ETF selects the 100 lowest-beta stocks from a universe of the largest, most liquid U.S. securities. The underlying portfolio is rebalanced in June and December. In this respect, it differs widely from conventional ETFs which are designed to minimize trading and trading expense. BMO Low Volatility U.S. Equity ETF’s top holdings are Newmont Mining, McDonald’s, Autozone, Verizon Communications, Quest Diagnostics, Dollar General, Family Dollar, AT&T, Laboratory Corporation of America and AmerisourceBergen Corp....

HONDA MOTOR CO. LTD. ADRs $35 (New York symbol HMC; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.8 billion; Market cap: $63.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.honda.com) is spending $61 million to increase capacity at its plant in Tapukara, India, by 50%, to 180,000 cars a year. The company expects to complete these upgrades in 2016. Honda’s other Indian facility makes 120,000 cars a year. The extra capacity will help Honda take advantage of rising car demand in the country: in the 11 months ended February 28, 2015, it sold 166,366 cars in India, up 43.5% from the same period a year earlier. At the same time, Honda plans to produce 39% more motorcycles in India by 2016. This expansion will cost the company $94.3 million....