Here are three key updates on our portfolio

Article Excerpt

NEWMONT CORP. $55 remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 799.1 million; Market cap: $44.0 billion; Price-to-sales ratio: 3.5; Dividend yield: 2.2%; TSINetwork Rating: Average; www.newmont.com) now plans to move ahead with its Ahafo North gold project in Ghana. The new mine should produce between 275,000 and 325,000 ounces of gold annually over its projected 13-year life. To put that in context, Newmont produced 1.45 million ounces of gold in the three months ended June 30, 2021. The company expects to spend $750 million to $850 million on this project. It should begin operating in the second half of 2023. Ahafo North’s operating costs will range from a reasonable $600 to $700 an ounce for the first five years. Newmont is a buy. AT&T INC. $27 is a buy. The company (New York symbol T; Income Portfolio, Utilities sector; Shares outstanding: 7.1 billion; Market cap: $191.7…