Gold
(KGC) Kinross Gold Declares 2012 Outlook
Kinross Gold Corporation (KGC) declared preliminary operating results for full-year 2011 while providing guidance for 2012. Kinross expects 2011 production to be approximately 2.6 million gold equivalent ounces and cost of sales to be approximately $600 per gold equivalent ounce,...
17Jan2012 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Updates Depreciation, Depletion and Amortization Guidance
Gold miner Kinross Gold Corporation (KGC) updated its guidance for depreciation, depletion and amortization in 2011 to approximately $600 million versus its previous forecast of $651million. Kinross remains on track to produce about 2.6 – 2.7 million attributable gold equivalent...
28Nov2011 | vitalstocks | 0 comments | Continued(ABX) Miners Say Gold Going Higher
Think gold is another asset bubble waiting to pop? The strength of the mining stocks is telling a different story based on a mix of near-term and secular trends. The big picture story we know: in an era of fiat currencies being printed to fulfill quantitative easing policies,...
9Nov2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Quarterly Earnings Exceed Consensus
Goldcorp Inc.’s (GG) adjusted net earnings were $459 million, or 57 cents per share compared with $244 million or 33 cents per share in the year-ago quarter. Results exceeded the Zacks Consensus Estimate of 56 cents per share. Reported net earnings were $336 million in the...
4Nov2011 | vitalstocks | 0 comments | Continued(AEM) Company News for November 4, 2011 – Corporate Summary
• Allos Therapeutics (NASDAQ:ALTH) posted a Q3 loss of $0.11 per share, lower than the Zacks Consensus Estimate for a loss of $0.15 per share. Revenues for the quarter rose 73.2% year-over-year to $14.2 million, surpassing the Zacks Consensus Estimate of $13.0 million • ...
4Nov2011 | vitalstocks | 0 comments | Continued(SA) U.S. Home Prices Edge Down in August
In August, home prices were down on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell 0.18% on a seasonally adjusted basis, and is down 3.55% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged down...
26Oct2011 | vitalstocks | 0 comments | Continued(ABX) Why Gold Mining Stocks Are About to Skyrocket
by Dr. Mark Skousen, Investment U Contributing Editor Wednesday, September 21, 2011: Issue #1605 Are you frustrated by the failure of gold mining stocks to keep up with gold? I am. While gold and silver are up 30 percent this year, the mining stocks continue to lag. Barrick Gold...
21Sep2011 | InvestmentU | 0 comments | Continued(AEM) Agnico-Eagle Mines Agrees to Acquire Grayd Resource Corporation
Agnico-Eagle Mines Ltd. (AEM) agreed to acquire Grayd Resource Corporation (Grayd) in a deal valued at approximately US$275 million, giving the Canadian gold producer an early stage project in Mexico. Agnico-Eagle will offer Grayd shareholders a combination of cash and shares...
21Sep2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Gold Output to Double
Gold miner Newmont Mining Corp‘s (NEM) Peruvian subsidiary aims to double annual output to 2.5 million ounces by 2017, once the key projects start operations. Yanacocha, a joint venture between Newmont and Peru’s Buenaventura, is developing the $4.8 billion Minas...
20Sep2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Gold Output to Double
Gold miner Newmont Mining Corp‘s (NEM) Peruvian subsidiary aims to double annual output to 2.5 million ounces by 2017, once the key projects start operations. Yanacocha, a joint venture between Newmont and Peru’s Buenaventura, isdeveloping the $4.8 billion Minas Conga....
15Sep2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Plans Mine Extension
Gold miner Newmont Mining Corp. (NEM) announced its plans to build another underground mine. The company plans to start exploration activities at its Waihi site in New Zealand. The proposed mine could extend gold and silver mining under the town until 2020. Newmont also announced...
3Sep2011 | vitalstocks | 0 comments | Continued(SA) U.S. Housing Prices Mixed in June
In June, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose a slight 0.04% on a seasonally adjusted basis, and is down 3.85% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged down by 0.06% on the month...
1Sep2011 | vitalstocks | 0 comments | Continued(HMY) Harmony Gold Mining Reports Fourth Quarter Loss
Harmony Gold Mining Co. Ltd. (HMY) recorded net loss of 1 cent per share in the fourth quarter ended June 2011 versus last quarter’s profit of 8 cents per share. In fiscal year 2011, the company reported net earnings of 21 cents versus a net loss of 6 cents in fiscal year 2010. Revenue However,...
16Aug2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Starts Exploration Project
Newmont Nusa Tenggara, a unit of U.S. miner Newmont Mining Corp. (NEM) in Indonesia will start exploration work on a new gold and copper block in Sumbawa, West Nusa Tenggara. The company expects drilling to commence in September 2011. The exploration area is within the 87,000...
15Aug2011 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Posts Strong Second Quarter Earnings
Gold miner Kinross Gold Corporation (KGC) reported record adjusted net income of $226.5 million or $0.20 per share in the second quarter of 2011, above last year’s $111.4 million or $0.16 per share, outpacing the Zacks Consensus Estimate of $0.16. GAAP net earnings were $247.4...
11Aug2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Quarterly Earnings Report Meets Consensus
Goldcorp Inc.’s (GG) reported net earnings were $489 million in the second quarter of 2011 compared with $524 million in the second quarter of 2010. Adjusted net earnings were $420 million, or 52 cents per share compared with $199 million or 27 cents per share in the year-ago...
3Aug2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold to Win $3.3 Billion Mining Rights
Barrick Gold Corporation (ABX) and its Chilean-based partner Antofagasta are likely to succeed mining rights for a $3.3 billion copper and gold project in Pakistan. Tethyan Copper Co. (TCC), a joint venture between Barrick Gold and Antofagasta, one of the world’s largest...
29Jun2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Under Review in Jakarta by the Corruption Eradication Commission
The U.S. mining group, Newmont Mining Corp. (NEM) is under scanner in Jakarta by the Corruption Eradication Commission (KPK) for breaching rules on the foreign ownership of mining assets. The officials are probing whether Newmont should retain a controlling stake in Newmont Nusa...
29Jun2011 | vitalstocks | 0 comments | Continued(AEM) Agnico-Eagle Mines Mine Output Unscathed by Fire
Toronto based Agnico-Eagle Mines (AEM) announced that gold production at its Meadowbank operation in Canada’s Nunavut territory will be around 50% higher in the second half of 2011 compared with the first six months of the year. As per the company, total group production...
28Jun2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Analyst Downgrades Shares to Neutral
Despite the excellent first-quarter 2011 results provided by Newmont Mining Corporation (NEM), we are downgrading our recommendation from Outperform to Neutral based on a number of challenges that the company faces at the Boddington mine. Newmont reported adjusted net income...
27Jun2011 | vitalstocks | 0 comments | Continued(NEM) Indonesia Divesting Newmont Mining Stake
The Indonesian government announced that it will sell part of a 7% stake it will buy in the Indonesian unit of Newmont Mining Corp. (NEM) to local governments. According to Reuters, the move is aimed at diffusing opposition from some lawmakers against the central government’s...
24Jun2011 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Invests in Edgewater Exploration
The Canadian mining company Kinross Gold Corporation (KGC) announced that it intends to purchase 625,000 units of Edgewater Exploration Ltd. in a private placement, for C$500,000.The private placement is subject to approval by the TSX Venture Exchange. After the private placement...
19Jun2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Sells Stake to Government
Newmont Mining Corp. (NEM) sold its 7% stake in PT Newmont Nusa Tenggara (NNT), partly owned by Newmont and Japan’s Sumitomo Corporation to the government. NNT plans to raise about $500 million in a public offering by selling a 10% stake within 12 months. The divestiture...
11May2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp 2011 First Quarter Profit Surges
Goldcorp Inc.’s (GG) reported net earnings in the first quarter of 2011 were $651 million compared with $232 million in the first quarter of 2010. Adjusted net earnings were $397 million, or 50 cents per share compared with $159 million or 22 cents per share in the first quarter...
5May2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold’s First Quarter 2011 Shows Profit
Barrick Gold Corp. (ABX) posted record first-quarter 2011 results driven by higher gold sales volumes and higher prices for both gold and copper. The first quarter reported a net income of $1.0 billion or $1.00 per share. Adjusted net income was up 32% year over year to $1.0...
3May2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Moves into Copper Mining
by Tony D’Altorio, Investment U Research Friday, April 29, 2011 Barrick Gold (NYSE: ABX) is the world’s largest gold producer. Last year, it mined net profits of $3.3 billion, but it wants more… So it recently surprised the market with a $7.6-billion bid for Canadian-Australian...
3May2011 | InvestmentU | 0 comments | Continued(ABX) Company News for April 26, 2011 – Corporate Summary
• Netflix, Inc. (NASDAQ:NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $1.07 per share and 88.1% higher than the prior year quarter. Total revenue of $718.5 million increased 45.6% from the year ago quarter,...
26Apr2011 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Announces Investment in Ecuador Mine
Canadian Mining company Kinross Gold Corporation (KGC) plans to invest $1.1 billion in its Fruita Del Norte project in Ecuador until 2016. The Fruita Del Norte Project is likely to produce 410,000 gold equivalent ounces on an average each year during its life. The life expectancy...
10Apr2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation Acquires Fronteer Gold
Newmont Mining Corporation (NEM) completed the acquisition of Vancouver-based Fronteer Gold Inc. (FRG) for $2.3 billion, further expanding its resource base in North America. As per the agreement, Newmont agreed to give Fronteer’s shareholders $14.13 in cash and one share in...
9Apr2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Corporation Announces Expansion Plans for Cerro Gold Deposit
Goldcorp Corp. (GG) announced expansion plans for the Cerro Negro epithermal gold deposit, acquired from Andean Resources in December 2010. The project is located in the southern Argentinean province of Santa Cruz at an elevation of approximately 600 meters above sea level. In...
7Apr2011 | vitalstocks | 0 comments | Continued