Gold mining Companies

Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM), Kinross (NYSE:KGC) Trading Up Today

Gold miners were mixed today, as gold prices today, while remaining somewhat level, weren’t inspiring on the day, and most gold mining stocks were flirting just above or beneath gains or losses. Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM) and Kinross (NYSE:KGC) were all trading in positive territory, but some were just barely hanging on. The usual concerns over China, EU sovereign

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Yamana Gold Triples Dividend Payment

Yamana Gold Triples Dividend Payment

Over the past several months, inflated revenues from high commodity prices have spurred a general trend of rising dividend payments in gold mining stock market. Nine of the world’s top ten gold mining companies have raised their dividend payments significantly in the past 12 months. Most recently, Yamana Gold (NYSE: AUY ) raised its dividend for the third quarter in a row as company profits nearly doubled, boosted by record gold prices. Yamana said that rising dividends reflect “robust and growing cash flows and cash balances.” The company, which has operations spread across Latin America, reported a third-quarter profit of $120.7 million (or 17 cents a share). This compares profits 12-months ago of $60.8 million (or 8 cents a share). Operating earnings rose to $157.9 million, from $71 million a year earlier. Excluding items, earnings were $118.9 million (or 16 cents a share). Overall, Yamana’s quarterly revenue rose 36% to $454.0 million. As a result, the company raised its quarterly dividend 50% to $0.03. Back in March, Yamana began increasing their dividend payment as the rising price of gold drove up revenue. Since that time, the company has increased its dividend by 200%. Yamana is currently paying a $0.12 (or 1.02% at current prices) annual dividend yield. The dividend boost now makes Yamana Gold one of the highest-yielding gold dividend stocks. As of right now, it is only one of four gold stocks that are paying an annual dividend of over 1%. In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks , I give investors a current perspective of gold dividend stocks and reveal the other three gold stocks that are paying over 1% annual dividends. You can read this report

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Teck (NYSE:TCK), Freeport, (NYSE:FCX), Goldcorp (NYSE:GG), Barrick (NYSE:ABX) Earnings Will Explode

Gold and base metals like copper have been driving the share price of of diversified miners and gold miners up, and companies like Teck Resources Limited (NYSE:TCK), Freeport-McMoran Copper & Gold Inc. (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are poised to report strong third quarter earnings as a result. While some note that the mining companies haven’t been keeping up with

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Avoid Banks Like the Plague, Buy Tech

Avoid Banks Like the Plague, Buy Tech

At dinner parties, I generally avoid talking finance. America’s looming funding crisis doesn’t make for good small talk — according to my wife, anyway… Apparently the sheeple would rather shove their fingers in their ears and chant nah nah nah . But this past Saturday, we were at a friend’s house for dinner in Bethesda. The typical D.C. business crowd was chatting over drinks when I heard someone talking about how cheap bank stocks are… I probably should have kept my mouth shut, but I couldn’t resist. The bank-bull turned out to be a young broker from a big investment firm. When I joined the conversation, he was explaining to the group how cheap Bank of America (BAC) stock is. “BAC is a $25 stock,” he told the circle of D.C. suburb-dwellers. The fact that it’s trading at $12 means it’s a bargain, obviously. “What happens if banks are forced to use mark-to-market accounting? What about that big subprime portfolio?” I asked. Deer, meet headlights. It was clear he had no idea what I was talking about. I brushed off my questions as insignificant accounting stuff, and changed the topic to something easy: football. (My wife breathed a sigh of relief.) He turned out to be a decent guy, and we had a nice chat about recent NFL action. He was a Patriots fan, and I was willing to overlook that. The thing that bothered me was his bullishness on bank stocks, combined with the fact that he knew zilch about shady accounting practices and loan books. Who knows, Bank of America may be a good deal at these levels… But that’s not the point. The point is that we don’t know, really. U.S. banks are a big fat unknown. And I’m fairly certain one of the first lessons in Investing 101 is don’t buy what you don’t (…

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Investing in Gold by The LML Group Richmond & Associates Inc. Hong …

Gold mining companies have a fairly predictable overhead so when the price of gold goes up these stocks often perform in multiples to the increase of the spot price of gold bullion . When the price of gold goes down gold stocks can …

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Barrick (NYSE:ABX), Newmont (NYSE:NEM) and Goldcorp (NYSE:GG) Will Move Up as Gold Prices Continue to Soar

A number of gold miners, including giants Barrick Gold Corp. (NYSE:ABX), Newmont Mining Corp. (NYSE:NEM), and Goldcorp Inc. (NYSE:GG) should perform strongly going forward, as valuations are historically cheap, and lag the upward movement of the price of gold.A growing number of investors are increasingly excited about the possibilities for gold mining companies, as it’s inevitable they attract

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Barrick (NYSE:ABX), Newmont (NYSE:NEM) Drive Nevada Mining Costs Lower

Even though gold production in the state of Nevada fell for the first time in ten years, the state remains the sixth-largest gold producer in the world, still led by mining giants Barrick Gold (NYSE:ABX) and Newmont Mining (NYSE:NEM). Nevada, which lags behind only China, South Africa, Australia, Russia and Peru in gold production, ended 2009 producing $5.1 billion in gold and silver combined.

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Barrick (NYSE:ABX) CFO Projects 9 Million Gold Ounces Annually

In a webcast covering the UBS Best of the Americas conference, Barrick Gold (NYSE:ABX) CFO Jamie Sokalsky said the company has an annual gold production target of 9 million ounces within five years. A two-part strategy to reach that level will be implemented. They will continue to work on expanding existing projects, while developing new projects they already have a stake in. That combination

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What is the best way to invest in gold without buying buying gold …

Also now that gold is so high what is the best way to invest in gold thru the stock market. The Gold. … Gold bullion (from bullion dealers), Gold Exchange traded fund (ETF), Mature gold mining companies, Small exploring companies. Jewellery. Have a look at my article about investing in gold on http://www.shareworld.co.uk. References : Barry R says: August 21, 2010 at 4:08 am. The Gold ETF: http://www.top10traders.com/ViewHolding.aspx?symbol=GLD References : …

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Seabridge Gold (AMEX:SA) to Get Huge Cash Infusion?

The recent announcement by China they’re looking for strong mining and gold mining companies to invest in has brought attention to a number of mining firms, with one of them being Seabridge Gold (AMEX:SA), which is sitting on enormous reserves via their Kerr-Sulphurets-Mitchell project, with the need of an estimated $3.4 billion to develop the resource. With their attention elsewhere, gold

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Centerra Gold (TSE:CG) Paying First Dividend in its History

With attention being fixated on gold and gold mining companies, a number of firms have made changes to attract investors and gravitate toward being run like a company people understand. Centerra Gold (NYSE:CG) has responded in that regard by announcing their first dividend payout in the history of the company,. Starting on September 1, shareholders will receive a dividend of 6 Canadian cents

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The World’s Hottest Region for Gold Exploration

The World’s Hottest Region for Gold Exploration

When junior mining companies make a big gold discovery, shareholders often see double- and triple-digit investment gains. Of course, gold is very rare and making a significant discovery isn’t easy. But ask any geologist… The best place to find large deposits of gold is close to where other major deposits have already been discovered. That’s why I’ve recently been looking to invest in a region that many consider one of the best places in the world for gold exploration. Advertisement Breakthroughs Nowhere Near This Big Have Paid Investors Over 10x Gains Our resident biotech expert just came across a tiny company that can make the human immune system 1 000 times more effective against dozens of deadly diseases — including the major cancers: Prostate, lung, breast, cervical, and more… Here’s how their revolutionary “cell-shock” technology could hand you as much as 1000 times your money as it saves tens of millions worldwide. Just 300 miles north of Las Vegas Nevada is one of the largest sources of gold in the world. By itself, the state contributes over 7% of total world gold production, making it the fourth largest producer in the world behind, China, South Africa, and Australia. The majority of Nevada’s vast gold resources is contained in the second largest economic gold anomaly in the world— second only to South Africa — called the Carlin Trend . Ancient geologic forces induced high temperatures and pressure that produced numerous hot springs along an area about 5 miles wide and 40 miles long, known today as the Carlin Trend. These hot springs brought an abundance of dissolved minerals toward the surface; among these minerals was a fortune of gold. In the past two decades alone, over 200 million ounces of gold have been discovered… And over 70 million ounces (worth $84 billion today) were produced from the Carlin Trend. Some of today’s major gold production companies like Barrick Gold (NYSE: ABX ) and Newmont Mining (NYSE: NEM ) directly owe their success to this exceptionally rich belt of gold deposits. Similar gold trends surround the Carlin Trend, where other major multi-billion-dollar gold discoveries have been made: the Battle Mountain-Eureka Trend the Getchell Trend the Independence Group the Alligator Ridge Group In these surrounding trends, world-class multi-million ounce gold deposits…

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