gold-producer

Credit Suisse (NYSE:CS) Raises Agnico (NYSE:AEM) Price Target

Agnico-Eagle Mines (NYSE:AEM) had its price target raised by Credit Suisse (NYSE:CS), increasing it to $79. Agnico was up to $64.74, gaining gaining $0.03, or 0.05 percent, at 3:21 PM EDT. Credit Suisse had a price target of $75 a share on the gold miner before their increase. In a note to clients, Credit Suisse said, “On Sept. 8, 2010, AEM provided an update on its 2010 exploration program.

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Randgold (Nasdaq:GOLD) Upbeat on Production

Randgold (Nasdaq:GOLD) says it should beat its gold production for 2009, which came in at 488.255 ounces, although they didn’t give specific numbers or guidance to where they think production could rise to. But looking into the years ahead, Randgold said they estimate by the end of 2014 gold production should reach about 1.2 million. This isn’t a bad outlook when you consider some of the recent

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Eldorado Gold (TSE:ELD) Increases Gold Production Guidance

Eldorado Gold (TSE:ELD) (NYSE:EGO) quarterly production results encouraged the company to increase its gold production guidance of 550,000 to 600,000 ounces to 575,000 to 625,000 ounces for 2010. The gold mining company generated record production in the quarter of 164,928 ounces of gold at a cost of $371 an ounce, with all mines doing well. For the first quarter Eldorado also sold 57,459

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Agnico-Eagle (TSE:AEM): Gold Mining Growth

Sean Boyd, Agnico-Eagle (TSE:AEM) (NYSE:AEM) vice chairman and CEO, said in a recent interview that the challenge for gold miners going forward is going to be growth, and it seems that it will come primarily from mergers and acquisitions, rather than organically. Other trends seen by Boyd is the continuation of the current trend of searching for gold deposits which include a significant amount

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Yamana Gold (TSE:YRI) Production Up 50 Percent by 2012

Yamana Gold (TSE:YRI) (NYSE:AUY) CEO Peter Marrone confirmed today that gold-equivalent production for the company will increase by close to 50 percent by the end of 2012, giving shareholders another reason to be glad the have a stake in the company, although for some reason it continues to be a laggard in price.Gold-equivalent refers to gold and silver production.Three new projects will be

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Newmont (NYSE:NEM) Beats Profit Estimates

Newmont Mining (NYSE:NEM)(ASX:NEM) exceeded analysts’ estimates as first-quarter profits surged 46 percent on increased selling prices of gold. According to CEO and President Richard O’Brien, performance for the quarter was based on growing demand and tighter supply, which should ensure bullish prices going forward. on the conference call, O’Brien said, “Fundamentals including evidence of a

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Goldcorp (TSE:G) Upgraded to "Action List" by Toronto-Dominion Bank

Toronto-Dominion Bank analyst Greg Barnes upgraded Goldcorp (TSE:G)(NYSE:GG) to “Action List,” which reflects the top stocks in the opinion of the bank. Barnes gave the following reason as to why Goldcorp was upgraded, as “given our view of the company’s low political risk profile, conservative balance sheet, and low cost production.” Goldcorp is of course always among the low-cost gold

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Minsur (MINi.LM) to Produce Gold at Pucamarca Mine

The largest tin miner in Peru, Minsur (MINi.LM), announced it will start producing gold in 2010 at its Pucamarca mine. Expectations are gold production will start sometime in the last quarter of 2010. Projections are the mine should produce about 70,000 ounces of gold on an annual basis. Minsur also operates one of the largest tin mines in the world, San Rafael.

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Harmony Gold (NYSE:HMY) Shuttering Three Shafts in South Africa

Harmony Gold Closes Three Shafts at Virginia Project Harmony Gold Mining (NYSE:HMY) is closing down three of its shafts at the Virginia project in South Africa, affecting close to 3,700 workers. The particular shafts being shut down have been mined for about 60 years, and according to CEO Graham Briggs, have “reached the end of their lives.” About 10 percent of those working at Harmony Gold

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Top Gold State in America

Many people, even Americans, may be surprised by which state is the top gold producer in the country, as it’s usually known for its glitzy entertainment and gambling, and of course that state is Nevada. Not only is Nevada the top gold producing state in the U.S., it’s the top gold producer by a huge margin, accounting for 82 percent of all gold produced in the country. And even with the huge

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Is Golden Star Resources (AMEX:GSS) Still Shining?

Golden Star ResourcesGolden Star Resources (AMEX:GSS) has had a nice run over the last 12 months, increasing in share price from $1.17 to as high as $4.39, and settling in at about $3.80 as of this writing.There are some good fundamentals related to Golden Star, one of the best being its organic growth strategy and putting money into increasing exploration. The company also increased its reserves

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