With all of the hoopla surrounding gold's price collapse over the past seven months, miners have been forced to make tough decisions. As first-quarter results have shown, there's more than one way to dig up profits here. When Newmont Mining (NYSE: NEM ) released earnings, it displayed a reduction in gold production at the same time that it increased copper output. In a low-priced environment, this seems to be pretty logical, right?
Well, turn no further than to Yamana Gold (NYSE: AUY ) for a completely different perspective. Here is a company that plans on increasing its production by 20% over 2012 figures. Instead of cutting its activity levels, it plans on cutting its mining cost structure by around 17.5%. These measures are expected to be fully carried out in 2013, with two-thirds of them forecast to be successful by mid-year. It will certainly be worth tracking the company's progress over the next two quarters.
So which direction will their competitor Goldcorp (NYSE: GG ) head in 2013? Tune in for our analysts' predictions.
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Goldcorp is one of the leading players in the gold mining market. For the last several years, investors have been the beneficiaries of several successful acquisitions and strong organic growth. Goldcorp's low-cost production of one of the most sought-after metals in the world continues to make this stock an attractive choice for long-term investors. To learn everything you need to know about this mining specialist, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of ongoing updates and analysis to keep you informed as key news breaks. Click here now to claim your copy today.