Barrick Gold Corporation (USA) (ABX): 1 Company Best-Suited to Survive Falling Gold Prices

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Foolish takeaway
Mining gold is not a great business these days. In fact, the high costs inherent in these operations make me think the business isn’t that great, period. (I don’t think it’s any accident that even Barrick Gold Corporation (USA) (NYSE:ABX), despite all its advantages, is currently unprofitable and carrying $12.5 billion in net debt).

That said, if you’re dead set on investing in gold, and gold mining stocks in particular, it only makes sense to focus on the company that’s got the most advantages working in its favor. That stock’s name is Barrick Gold Corporation (USA) (NYSE:ABX).

The article 1 Company Best-Suited to Survive Falling Gold Prices originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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