All Posts Tagged With: "ABX"

(GG) Goldcorp’s Earnings Miss – Profit Slides

Goldcorp Inc.’s (GG) first-quarter 2013 adjusted earnings (excluding one-time items) of 31 cents a share missed the Zacks Consensus Estimate of 40 cents and were well below 50 cents a share earned in the year-ago quarter. Profit,...

16May2013 | | Comments Off | Continued

(GG) Goldcorp Attains Production Target

Goldcorp Inc. (GG) recently released its gold production and cash cost for 2012 and provided its cash cost guidance for 2013 and for the five-year period ending 2017. Goldcorp’s production for the fourth quarter and full-year...

15Jan2013 | | Comments Off | Continued

(KGC) Kinross Gold Corporation Denies Southridge Joint Venture

Kinross Gold Corporation (KGC) recently came out with a denial statement regarding a joint venture (JV) agreement between Kinross and Southridge Enterprise Inc. (“Southridge”). The announced JV between the two parties related to...

1Jan2013 | | Comments Off | Continued

(NEM) Newmont Mining Sees Lower Production

Mining company Newmont Mining Corporation (NEM) reported preliminary third quarter 2012 attributable gold and copper production of 1.24 million ounces and 35 million pounds, respectively compared with gold and copper production of...

29Oct2012 | | Comments Off | Continued

(GG) Goldcorp’s Joint Venture Commences Production

The year 2012 has not been encouraging for Goldcorp Inc. (GG) so far and the company has yet to spread cheers among its investors. The company had curtailed its full-year guidance last month and followed it with a disappointing second...

27Aug2012 | | Comments Off | Continued

(ABX) Barrick Gold Disappoints as Costs Jump

The world’s largest gold miner Barrick Gold Corporation (ABX) reported disappointing results for the second quarter of 2012. The company’s adjusted earnings fell to 78 cents per share in the quarter from $1.12 per share in the...

20Aug2012 | | Comments Off | Continued

(NEM) Newmont Mining Misses Earnings Forecasts – Cuts Output Target

Mining giant Newmont Mining Corporation’s (NEM) second quarter-2012 adjusted earnings of 59 cents a share came in significantly behind last year’s earnings of 90 cents, and missed the Zacks Consensus Estimate of 94 cents by a huge...

27Jul2012 | | Comments Off | Continued

(MT) Metals & Mining Stock Outlook – June 2012 – Industry Outlook

The Metals & Mining industry encompasses the extraction (mining) as well as primary and secondary processing of metals and minerals. These include aluminum and gold, other precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for a lion’s...

24Jun2012 | | Comments Off | Continued

(MT) Metals & Mining Stock Outlook – March 2012 – Industry Outlook

About the Industry The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers...

16Mar2012 | | Comments Off | Continued

(NEM) Newmont Mining Misses Sales Estimate

Newmont Mining Corporation (NEM) reported adjusted basic earnings of $1.17 per share in the fourth quarter of 2011 compared to the prior year quarter of $1.16 per share. Including the charges of Hope Bay asset impairment, the...

24Feb2012 | | 0 comments | Continued

(GG) Goldcorp Profit Rises in Fourth Quarter

Goldcorp Inc.’s (GG) adjusted net earnings were $531 million or 66 cents per share in the fourth quarter of 2011, compared with $431 million or 59 cents in the year-ago quarter. Results exceeded the Zacks Consensus Estimate of 60...

17Feb2012 | | 0 comments | Continued

(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...

17Jan2012 | | 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...

28Nov2011 | | 0 comments | Continued

(GM) Metals and Mining Stock Outlook – November 2011 – Industry Outlook

Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting...

11Nov2011 | | 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, the...

9Nov2011 | | 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...

4Nov2011 | | 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...

21Sep2011 | | 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...

20Sep2011 | | 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...

15Sep2011 | | 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...

3Sep2011 | | 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...

15Aug2011 | | 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...

11Aug2011 | | 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...

3Aug2011 | | 0 comments | Continued

(GM) Metals & Mining Stock Outlook – July 2011 – Industry Outlook

Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers...

1Jul2011 | | 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...

29Jun2011 | | 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...

29Jun2011 | | 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...

28Jun2011 | | 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...

27Jun2011 | | 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...

24Jun2011 | | 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...

19Jun2011 | | 0 comments | Continued