Gold
(GG) The Options Market: How Trading Options Just Got Easier
by Karim Rahemtulla, Options Expert Tuesday, February 2, 2010: Issue #1188 It took a while, but an increasing number of investors are starting to realize the powerful benefits behind the options market. Namely, to make money and hedge against risk. In fact, the rising popularity...
2Feb2010 | InvestmentU | 0 comments | Continued(NEM) Newmont Mining Corporation – Surprised by 38.6% in the Third Quarter
Newmont Mining Corporation (NEM) is riding the gold rush as the company has surprised on estimates 3 out of the last 4 quarters by an average of 11.02%. NEM is trading with a PEG ratio of just 0.86. Company Description Newmont Mining is one of the largest gold producers in the...
27Jan2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp Incorporated Produces Record Quantity of Gold
Goldcorp Inc. (GG), the world’s second-largest gold producer, yielded over 2.4 million ounces of gold in 2009, exceeding the previously announced guidance of 2.3 million ounces. The results were driven by the surge in gold prices in the latter half of 2009. Fourth quarter 2009...
12Jan2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp to Acquire 70% of EI Morro Copper-Gold Mining Project
Goldcorp Inc. (GG), the world’s second-largest gold producer, has announced its plans of acquiring a 70% stake in the EI Morro copper-gold mining project in north-central Chile. Goldcorp plans to advance a loan of $463 million to New Gold Inc. (NGD), which owns 30% of the mine...
10Jan2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp Incorporated – Operating Cash Flow Up 35% Year-Over-Year
Goldcorp, Inc. (GG) is producing steady gains on increased production, rising gold prices and higher estimates. Company Description Goldcorp. Inc., together with its subsidiaries, operates as an explorer and developer of precious metal properties in Canada, the United States,...
8Jan2010 | vitalstocks | 0 comments | Continued(AEM) Agnico-Eagle Updates Guidance
Recently, Canadian gold producer Agnico-Eagle (AEM) announced its gold production and cost guidance. With major capital projects nearing completion, Agnico expects gold production to double in 2010. Agnico-Eagle is nearing the end of a significant construction phase, during which...
29Dec2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation Signs Loan Deal
Newmont Mining Corporation (NEM) announced yesterday that its subsidiaries, Newmont Indonesia Limited and NVL USA Limited have entered into a loan transaction with P.T. Pukuafu Indah, an unrelated Indonesian company and 20% owner of PT Newmont Nusa Tenggara. P.T. Pukuafu Indah...
27Dec2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation Sells Interest in Mine
Newmont Mining Corporation (NEM)’s subsidiary, Newmont Indonesia Limited together with Nusa Tenggara Mining Corporation (an affiliate of Japan’s Sumitomo Corporation), has completed the sale of 7% of PT Newmont Nusa Tenggara for the 2008 divestiture to PT Multi Daerah Bersaing,...
27Dec2009 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Corporation’s Kupol Mine Certified
Canadian mining company, Kinross Gold Corporation (KGC) announced recently that its Kupol mine in the Far East Region of the Russian Federation has been fully certified under the International Cyanide Management Code. Kupol is the first mine in Russia to obtain this certification. In...
27Dec2009 | vitalstocks | 0 comments | Continued(AU) Take Profits on Gold: The Media’s Dead Wrong About This Market
by Marc Lichtenfeld, Healthcare Expert Wednesday, December 9, 2009: Issue #1154 Now is the time to take profits on gold – at least on a temporary basis. I’m sure I’m going to hear it from the gold bugs now, but my colleague Karim Rahemtulla is right on the money with...
9Dec2009 | InvestmentU | 0 comments | Continued(AUY) We Called Gold’s Tumble – Here’s How to Play the Precious Metal’s Next Move
by Karim Rahemtulla, Options Expert Tuesday, December 8, 2009: Issue #1153 Amid all the media hoopla and rampant running of the bulls, not many people saw the shock lurking around the corner. So when it happened last Friday, many people got a nasty surprise. I’m talking about...
8Dec2009 | InvestmentU | 0 comments | Continued(ABX) Barrick Gold Corp Breaks Free of Hedges
Canadian gold miner Barrick Gold Corp. (ABX) has eliminated its gold hedges and now has full leverage to the gold price on the industry’s largest gold production and reserves. Barrick now expects to fully benefit from the rising gold prices. Gold hedges are fixed price...
3Dec2009 | vitalstocks | 0 comments | Continued(KGC) Gold Producers Generating Less Output
Kinross Gold Corporation (KGC) is planning to acquire mining assets in North and South America, Russia and Ghana to stay out of countries such as China, which is currently the world’s top gold producer. Toronto-based Kinross will continue to build on its operations spread...
2Dec2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Company to Divest Mine Interest
Newmont Mining Company (NEM) has agreed to sell its 14% stake of PT Newmont Nusa Tenggara, the Indonesian gold mine, to PT Multi Daerah Bersaing for about $494 million, ending the dispute with the Indonesian government over selling its shares as required under the contract to...
30Nov2009 | vitalstocks | 0 comments | Continued(GG) Why Gold Prices Could Fall From Here – And Two Ways to Play the Move
by Karim Rahemtulla, Options Expert Tuesday, November 24, 2009: Issue #1144 Of all the great investments you could have made in 2009, gold is right up there among the best of them. The price of gold has surged this year, taking gold shares upwards with it. Readers of my Xcelerated...
25Nov2009 | InvestmentU | 0 comments | Continued($GG) Goldcorp Aquires Canplats Resources to Expand into Mexico
The world’s second largest gold producer by market value, Goldcorp Inc (GG) is acquiring gold miner Canplats Resources Corp for about C$238 million ($229 million) to establish a network of satellite mines around its Penasquito gold project in Mexico. Each Canplats share would...
17Nov2009 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Corporation Increases Exploration
Canadian gold mining company Kinross Gold Corporation (KGC) recently received authorization from the Ecuadorian Ministry of Non-Renewable Natural Resources to re-commence advanced exploration activities at the Fruta del Norte (FDN) gold project in Zamora-Chinchipe province of...
14Nov2009 | vitalstocks | 0 comments | Continued(GG) Leading Producer Goldcorp’s Profits Double
Leading gold producer, Goldcorp’s (GG) adjusted net profit in the third quarter of 2009 more than doubled to 19 cents from last year’s 9 cents on higher gold prices and lower cash costs per ounce of gold. Reported earnings were also higher than the Zacks Consensus estimate...
8Nov2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation’s Profit Picking Up
Gold producing company Newmont Mining Corporation (NEM) recorded a net income of 79 cents per share in the third quarter, beating the Zacks Consensus Estimate of 60 cents. Year on year, earnings grew by a robust 88% on strong gold and copper prices as well as lower costs. Revenues...
1Nov2009 | vitalstocks | 0 comments | Continued(SPY) Gold Miners’ Margin Problem – Zacks Industry Rank Analysis
As gold sets new highs, it would only be natural to assume that profit forecasts for gold mining companies would be soaring too. Surprisingly, profit forecasts are not jumping. Though some brokerage analysts have raised their full-year projections in recent weeks, the Zacks Consensus...
21Oct2009 | vitalstocks | 0 comments | Continued(GG) Options Spread Trading Explained: How to Make Triple-Digit Gains From Double-Digit Opportunities
by Karim Rahemtulla, Options Expert Thursday, October 15, 2009: Issue #1116 “Why would I want to trade options? They’re too complex and scary. I’ll lose all my money.” If I had a dollar for every time I’ve heard this from investors, I’d be kicking back on a Caribbean...
16Oct2009 | InvestmentU | 0 comments | Continued(ABX) Barrick Gold Raises Debt With Notes
The world’s largest gold producer, Barrick Gold Corp. (ABX) and its wholly owned subsidiary, Barrick Australia Finance Pty Ltd., are planning to issue $1.25 billion in debt securities comprised of $400 million of 4.95% notes due 2020 and $850 million of 5.95% notes due 2039....
16Oct2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Corporation to Acquire Chilean Mine
Barrick Gold Corporation (ABX), the largest gold mining company in the world, has entered into an agreement with Xstrata Copper Chile S.A., a wholly owned subsidiary of Xstrata Plc, to acquire Xstrata’s 70% interest in the El Morro project for $465 million in cash. Another...
14Oct2009 | vitalstocks | 0 comments | Continued($ABX) Barrick Gold Corporation to Sell Silver Stake
Barrick Gold Corp. (ABX), the world’s biggest gold producer, recently agreed to sell 25% interest in its Pascua-Lama silver project in South America to Silver Wheaton Corp. (SLW) for about $625 million. Based in Vancouver, Canada, Silver Wheaton is the world’s only...
10Sep2009 | vitalstocks | 0 comments | Continued(AEM) Agnico-Eagle Exploration Update
On September 8th, Canadian gold producer, Agnico-Eagle Mines Limited (AEM) released an update on its 2009 exploration program. The company stated that new discoveries have increased the size of the mineralized envelopes of several deposits. The company expects to increase its...
10Sep2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold to Remove Hedges
On September 8th, the world’s largest gold producer, Barrick Gold Corporation (ABX), announced its plans to raise $3 billion from a share offering and use the proceeds to pay off its gold hedges. As of September 7, 2009, Barrick’s gold sales contracts — which comprise...
9Sep2009 | vitalstocks | 0 comments | Continued(GG) Goldcorp Receives Certificate
Canada’s leading gold producer, Goldcorp Inc. (GG), recently announced that its Marlin mine in Guatemala has received certification under the International Cyanide Management Code for the use of cyanide for the production of gold. Marlin is Goldcorp’s third gold mine...
8Sep2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation Obtains Permit
Newmont Mining Corporation (NEM) has announced today that its Indonesian unit, PT Newmont Nusa Tenggara (PTNNT) has obtained an essential land-use permit, which will allow it to continue its mining operation as planned. Newmont Nusa Tenggara had previously warned that it might...
8Sep2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Delays Construction
Recently, the media reported that Canadian gold miner Barrick Gold Corporation (ABX) has delayed construction of its Pascua Lama mining project in Chile due to pending environmental permits. In July of this year, Barrick Gold had announced the start of the construction of Pascua...
4Sep2009 | vitalstocks | 0 comments | Continued(HMY) Harmony Gold Mining Declares First Dividend in 5 Years
Harmony Gold Mining (HMY), the third largest producer of gold in Africa, recently declared its first dividend in the last five years. The company declared dividends of 6 cents per share for the year ended June 30 payable on Sept 21. With almost insignificant profits, Harmony...
27Aug2009 | vitalstocks | 0 comments | Continued