Meanwhile, that figure is nearly US$4,000 for Goldcorp. Furthermore, Barrick is forecasting lower costs for this year than Goldcorp, which means its mines should be more profitable. And we're not even including Barrick's copper division in this calculation. Barrick has also taken some very meaningful steps this year. Costs have been cut, and so has investment spending. The organization is more streamlined. And, most importantly, the company is well on its way to meeting its US$3 billion debt-reduction goal. These actions aren't enough to make us forget about past misdeeds, but at least it's a start. Finally, because Barrick is still so levered, its stock price should be more sensitive to gold prices. So, if you've only got so much money to invest, but want to make a big bet on gold prices, this is the way to do so. The case for Goldcorp Goldcorp may be more expensive, but there are two big reasons for that. One, its balance sheet is not nearly as dangerous. Two, the company has a far better track record.