All Posts Tagged With: "ABX"

(ABX) Words Contrarians Live For

Since last summer I have been banging the table about coal and gold miners’ bonds, and the money press is finally catching up to me. Not only did the recent uptick in both high-yield and investment-grade bonds in companies like Barrick (NYSE: ABX),...

3Feb2014 | | Comments Off | Continued

(ABX) Digging Up Gold

Digging Up Gold Gold miners have taken a beating this year, and Barrick (NYSE: ABX) may be one of the biggest losers, so far. The company has never been known for managing its cash or resources well or, for that matter,...

3Jan2014 | | Comments Off | Continued

(ABX) Over 1 Million Ounces of Gold Will Disappear

Are gold traders being played by the Fed? Almost certainly. Consider what happened last week. First, gold prices rallied hard when Chairman Ben Bernanke announced that there would be no “tapering” of the Fed’s quantitative easing program. Then, two days later, a Fed governor said that...

30Nov2013 | | Comments Off | Continued

(ABX) Digging Up Gold

Gold miners have taken a beating this year, and Barrick (NYSE: ABX) may be one of the biggest losers, so far. The company has never been known for managing its cash or resources well or, for that matter, being investor friendly....

17Nov2013 | | Comments Off | Continued

(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

(ABX) Are These The Three Best Gold Stocks for 2012?

The gold mining industry is watching its production costs surge amid rising energy prices, inflation and increasing labor costs. In...

6Mar2012 | | 0 comments | 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

(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...

21Sep2011 | | 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