All Posts Tagged With: "AU"
(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...
(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...
(ABX) Why Gold Mining Stocks Are About to Skyrocket
by Dr. Mark Skousen, Investment U Contributing Editor
Wednesday,...
(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...
(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...
(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...
(HPQ) Hewlett-Packard Company Plans Major Restructuring
Hewlett-Packard Co. (HPQ) is planning an extensive restructuring, as announced by its chief executive officer (CEO) Leo Apotheker. In order to focus more on the high-growth and high-margin business, the CEO...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval
Shareholders of Vancouver-based Fronteer Gold Inc. (FRG) have approved the proposed buyout by Newmont Mining Corporation (NEM); casting 99.7%...
(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...
(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...
(GG) Goldcorp Plans Organic Growth
Costs are becoming a growing concern for gold miners across the world. In this regard, Goldcorp Inc. (GG) has decided to set aside its acquisition strategies for the time being and concentrate only on developing...
(GG) Goldcorp Announces Increase in Dividend
Goldcorp Inc. (GG) increased its monthly dividend for 2011 to $0.034 per share, an 11% increase over the prior dividend. The dividend is payable on March 25, 2011 to shareholders of record as of March 17,...
(AA) Stock Market News for March 24, 2011 – Market News
Materials stocks took the markets modestly ahead over hopes of rebuilding after an earthquake and tsunami ravaged Japan. Weak US new home sales data took the markets to session lows during the day before rebuilding hopes pumped in modest momentum. However, the day saw very...
(GG) Goldcorp Fourth Quarter 2010 Earnings Preview
Goldcorp Inc. (GG) is slated to release its fourth-quarter 2010 results on Friday, February 25 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 49 cents, representing...
(GG) Goldcorp Fourth Quarter 2010 Earnings Preview
Goldcorp Inc. (GG) is slated to release its fourth-quarter 2010 results on Friday, February 25 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 49 cents, representing...
(ABX) Barrick Gold Corporation Fourth Quarter 2010 Earnings Preview
Barrick Gold Corporation (ABX) is slated to release its fourth quarter 2010 results on Thursday, February 17 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 85 cents,...
(GG) Goldcorp’s Gold Reserves Increase for Seventh Consecutive Year
Goldcorp Inc.’s (GG) gold reserves once again increased for the seventh consecutive year. Gold reserves surged 23% to 60.1 million ounces in fiscal 2010. Measured and indicated gold resources also climbed...
(GG) Goldcorp Acquires Andean Resources
Goldcorp Inc. (GG) announced that it has completed the previously announced acquisition of Sydney, Australia-based Andean Resources Limited (AND.AX) for approximately C$3.6 billion ($3.4 billion). The acquisition...
(AU) Under Armour – Second Quarter Earnings Blast 133% Above Expectations
Under Armour, Inc. (AU) just hit a new multi-year high at $40 after reporting an awesome Q2 earnings surprise of 133% on July 27. This Zacks #1 rank stock now has an average earnings surprise of 53% over the...
(AU) Take Profits on Gold: The Media’s Dead Wrong About This Market
by Marc Lichtenfeld, Healthcare Expert
Wednesday, December 9, 2009: Issue...
(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...
(AU) AngloGold Ashanti Ltd. – 2010 Estimates Rising
AngloGold Ashanti Ltd. (AU) shares just hit a new 52-week high on the heels of gold crossing the $1,000 mark and the company’s strong second-quarter results, reported in late July.
Second-Quarter Results
Income...