(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,...
View Article(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...
View Article(F) Metals & Mining Industry Outlook – March 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...
View Article(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...
View Article(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...
View Article(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...
View Article(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,...
View Article(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% votes in favor of the deal. The consideration of the deal...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(NEM) Newmont Mining Under Review in Jakarta by the Corruption Eradication...
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...
View Article(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...
View Article(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...
View Article(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...
View Article(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,...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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....
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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,...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(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...
View Article(GG) Goldcorp Heading for Andean Resources
Goldcorp Inc. (GG), the leading Canadian gold producer is acquiring the Australian gold miner Andean Resources Ltd for a total consideration of C$3.6 billion (US $3.4 billion) along with its key assets...
View Article(GG) Goldcorp Heading for Australian Gold Miner Andean Resources
Goldcorp Inc. (GG), the leading Canadian gold producer is acquiring the Australian gold miner Andean Resources Ltd for a total consideration of C$3.6 billion (US $3.4 billion) along with its key assets...
View Article(KGC) Kinross Gold Earnings Report Beats Estimates
Gold miner Kinross Gold Corporation (KGC) recorded net income of $121.6 million or 17 cents per share in the third quarter of 2010, significantly higher than last year’s $1.7 million or zero cents per...
View Article(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...
View Article(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...
View Article(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...
View Article(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,...
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