Gold Producers

IAMGold (IAG): Takeover Speculation?

IAMGold (IAG): Takeover Speculation?

Filed under: Newsletters , Canada , Commodities , Stocks to Buy “High gold prices and low debt costs make now a great time for major gold producers to seek and acquire junior gold companies,” says Ian Wyatt . The editor of Top Stock Insights explains, “I have singled out what I believe could be a potential takeover candidate: IAMgold ( IAG ), a mid-tier Canadian gold miner. “Although we emphasize that this is a speculation, we believe the company could be a takeover candidate by large South African miners, perhaps by such companies as Gold Fields or AngloGold Ashanti. Continue reading IAMGold (IAG): Takeover Speculation? IAMGold (IAG): Takeover Speculation? originally appeared on BloggingStocks on Fri, 01 Oct 2010 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold Fields Targets Annual Production of 1 Million Ounces from South Deep

Gold Fields Targets Annual Production of 1 Million Ounces from South Deep

Gold Fields (NYSE: GFI ), one of the largest unhedged gold producers in the world, is working on plans to increase gold production at its South Deep Mine to 1 million ounces a year, making it South Africa’s largest gold mine. The South Deep Mine began initial gold production in December 2006 and produced 163,000 ounces of gold during it first year of production. In 2009, gold production from South Deep fell from the previous year to 175,000 ounces. This year, Gold Fields expects to increase South Deep gold production by 71% to 300,000 ounces. South Deep Mine The company is spending 8.5 billion South African rand (US$1.2 billion) to get the South Deep Mine into full production by 2014, when it is expected to yield 800,000 ounces a year. After that Gold Fields’ vice-president in charge of the South African region, Vishnu Pillay, says the company is looking at ways and means to bump gold production from the South Deep Mine over 1 million ounces per year. The company plans to increase annual gold production from all of is South African mines to 2.2 million ounces by 2015. However, some analysts doubt this target can be met. Referring to the 2.2 million ounce annual South African gold production target, Citigroup’s Johann Steyn wrote in July: In our view, achieving this target is unlikely as the majority of gold mining projects of late have taken between six to eight years to move from conceptual phase into production. Also, Gold Fields has struggled just to keep production constant over the past 10 years, despite previous growth ambitions and a fourfold increase in its capital expenditure. As a result, we cannot help but caution that these growth targets are unlikely to be achieved. Despite pessimism from some analysts, others are bullish on Gold Fields’ business strategy. Gold Fields was recently upgraded from Equal Weight to Overweight by Morgan Stanley. To reach the 800,000 ounce per year target, the company is upgrading its processing facility to handle 330,000 tonnes a month. To achieve the 1 million ounce per year target, Gold Fields will need to expand the South Deep plant capacity to process 450,000 tonnes a month. With a focus on Africa, and Australiasia, the company is an important exporter of gold to India, where the demand for the yellow metal is soaring as investors seek a safe haven against financial woes. I recently published a new report for Wealth Daily that discusses the investment highlights mining companies that are working in countries that export gold to India. You can read my latest report for free by clicking here or finding it on the Wealth Daily website called: India’s Gold Bull Market . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Gold Fields Targets Annual Production of 1 Million Ounces from South Deep originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Repairing Your Gold Mining Stocks – Features and Interviews – Hard …

Filed in African Gold, Australian Gold, Bank Gold, Gold, Gold Producers by on September 16, 2010 0 Comments

Holders of many gold producers are, in fact, underwater, even after the new highs notched by gold bullion this week. A development like that naturally causes investors to rethink their approach to gold stocks . …

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The Definitive Guide to Russian Gold Stocks

Built on a foundation of an estimated $200 trillion in hard assets… It’s one of the largest and most profitable industry markets in the world. And— if you’re willing to invest a bit outside of North America — there may be some very interesting investment opportunities in Russia’s massive metals and mining industry. In just a minute, I’ll tell you about several of these opportunities; I want to first give you the details of Russia’s gigantic mining sector and resource base. Advertisement The FREE $45,000 report that could make you rich… In 1991, a history-changing report surfaced in the oil industry. The details are too numerous to list right here, but this report— dubbed a best seller by The New York Times — helped uncover an incredible source of oil no one had considered for years. Click here for free access to all the information you need to start banking 180 times your investment. Russia’s $200 trillion natural resource base Russia is exceedingly wealthy in natural energy resources. The country is home to the world’s largest natural gas reserves and eighth-largest crude oil reserves. These resources have enabled Russia to become the world’s largest producer of both oil and natural gas, accounting for about 20% of total global production. Russia also hosts the world’s second-largest reserves of black coal; the country is the third-largest coal exporter contributing around 11% to the global coal trade. The country recently inked a $6 billion deal with China to supply 475 million tonnes of black coal over the next 25 years. Additionally found in Russia are vast reserves of raw industrial materials and non-fuel minerals. This extensive mineral resource base is the foundation for the Russia’s massive metals and mining industry, which is a vital supplier to other…

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Morgan Stanley Upgrades Gold Fields (NYSE: GFI)

Morgan Stanley Upgrades Gold Fields (NYSE: GFI)

Gold Fields (NYSE: GFI ) was upgraded from Equal Weight to Overweight by Morgan Stanley last week. The company is one of the largest unhedged gold producers in the world with operations focused on North America, South America, Africa, Australia, Asia, as well as a partnership in Finland. Gold Fields produced 3.6 million ounces of gold in 2009 from its nine producing mines, making it in the fourth largest gold producer in the world by volume. The company is looking to expand operation at it’s South Deep gold project in South Africa. Gold Fields anticipates increasing gold output from South Deep by 166% from 300K ounces in 2010 to 800K ounces by 2014. In the past 52 weeks, shares of Gold Fields have traded between a low of $10.88 and a high of $15.88. GFI is currently above its 50-day moving average of $13.61 and above its 200-day moving average of $13.20. With 75% of the company’s total production coming from its South African and Australian gold mine, Gold Fields is an important exporter of gold to India, where gold demand is skyrocketing as investors begin to buy the yellow metal to hedge against economic turmoil. I recently published a new report for Wealth Daily that discusses the investment highlights mining companies that are working in countries that export gold to India. You can read my latest report for free by clicking here or finding it on the Wealth Daily website called: India’s Gold Bull Market . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Morgan Stanley Upgrades Gold Fields (NYSE: GFI) originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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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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Wealth Daily’s Nifty Fifty Blue Chip Stock Index

Filed in copper, Debt, euro, Gold, GOld juniors, Gold Producers, lead, shares, ubs by on April 27, 2010 0 Comments

As I explained in my previous article, entitled “On the Trail of the Next Big Bubble ,” blue chip stocks are the ones that are going to lead the market higher. And reminiscent of the stocks in the Nifty Fifty from the early 1970s, the household names are the ones that will be pushed to P/E levels that eventually become bubbly. Advertisement The Last American Oil Boom in Your Lifetime For the first time in nearly twenty years, the U.S. finally managed to increase oil production… And it wasn’t the once-mighty oil fields of Texas that suddenly sprung to life. It’s being hailed as America’s last oil boom, and it’s the reason one state’s oil production jumped almost 30% in just one year. Click here to find out how this little-known oil field is starting to attract world-wide attention… So with that in mind, I compiled a “New Nifty Fifty” list of buy and hold stocks for the next bull market. Doing so, I took six key factors into consideration: Large capitalization Dominate market position Strong product offering Brand name power Competitive environment Dividend history Those criteria delivered the following companies from the energy, materials, health care, consumer products, and technology sectors. I bring you… Wealth Daily ‘s Nifty Fifty Blue Chip Stock Index 1. Johnson & Johnson (NYSE: JNJ ) — In a universe of stocks, this one is my favorite; JNJ is one of the largest, most diversified health care companies in the world. It currently trades at P/E of just 13.66 with a 3.0% dividend. 2. Abbott Laboratories (NYSE: ABT ) — Much like JNJ, Abbott labs is a leading player in several growing health care markets. The company offers a wide range of prescription pharmaceuticals, nutritionals, diagnostics, and medical devices. It currently trades at a 10.76 forward P/E with a 3.44% dividend. 3. Eli Lilly (NYSE: LLY ) — Eli Lilly is a leading producer of prescription drugs offering a wide range of treatments for neurological disorders, diabetes, cancer, and other conditions. The company also sells animal health products. It’s trading at a forward P/E of 7.93 with a 5.5% dividend. 4. Amgen Inc. (NASDAQ: AMGN ) — Amgen is a top biotech stock that discovers, develops, and manufactures medicines based on advances in cellular and molecular biology. The company operates with a 31.84% profit margin and carries a forward P/E of 10.75. 5. Gilead Sciences (NASDAQ: GILD ) — Gilead focuses on the research, development, and marketing of anti-infective medications with a focus on treatments for HIV. The company has a 38.35% profit margin and a forward P/E of 10.48 6. Celgene Corporation (NASDAQ: CELG )— Celegene is one of the brightest stars among large-cap biotech stocks…

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Buying Gold is Not as Safe as TV Ads Make it Appear, Says 35-Year …

Filed in Gold, Gold Producers, Indonesian Gold, silver by on March 13, 2010 0 Comments

Commodities Soaring, Gold Bullion AU and Gold Dust Leading the Way. Following Fuels, Sugar, Cement, Rice, Urea, Cigarettes, Says DoveStar International Reliable sources for buying bulk commodities such as gold. … Gold Forecast, Seasonal Influences, Analytical Review of Top Senior Gold Producers and Mining Valuation Insight with Case Study Acero-Martin Madison Avenue Research Group’s outlook for gold and silver… Categories : Fundamental analysis and stock news Tags : …

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China Remains World’s #1 Gold Producer

Filed in China Gold, GFMS, Gold, Gold Demand, Gold Market, Gold Producers by on February 4, 2010 0 Comments

The China Gold Association reported that domestic gold output increased 11.3% to a record of 312 tonnes last year, clinching the county’s position as world’s largest gold producer for the third year in a row. China’s booming gold industry reported 138 billion yuan (US$20 billion) of gross industrial output value in 2009 — an increase of 19%, compared to the previous year. Nearly 60% of China’s gold output last year came from the five producing province: Shandong, Henan, Jiangxi, Fujian, and Yunnan. The ten largest gold firms produced 149 tonnes— 47.3%— of the country’s total output. China had more than 700 gold producers in 2009, down from more than 1,200 firms in 2002 as the industry consolidated. The China Gold Association gave no figures for domestic gold demand. However, metals consultancy group GFMS said last month that it expects China to overtake India as the world’s largest gold consumer in 2009. Total Chinese demand is forecast to reach 432 tonnes as investors defy record bullion prices. Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire China Remains World’s #1 Gold Producer originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Goldcorp to Acquire Mine – Analyst Blog

Goldcorp Inc. ( GG ), the world’s second-largest gold producer, has announced its plans of acquiring a 70% stake in the EI Morro copper-gold mining project in north-central Chile. Goldcorp plans to advance a loan of $463 million to New Gold Inc. ( NGD ), which owns 30% of the mine and has a right of first refusal to buy the stake. With the proceeds of the loan, New Gold will acquire the remaining 70% stake in El Morro from Xstrata PLC. Goldcorp will then buy the entire stake off New Gold for $50 million in cash. In October last year, Barrick Gold Corporation ( ABX ), the world’s biggest gold producer, had made a $463 million bid for Xstrata’s interest in the El Morro mine. As a minority stakeholder, New Gold had been granted a January 11 deadline to block the sale. The El Morro mine contains proven and probable reserves of 6.7 million ounces of gold and 5.7 billion pounds of copper. It gives Goldcorp an avenue for growth after it has exhausted the Penasquito mine in Mexico. Goldcorp, which began producing concentrates at Penasquito last year, increased its Mexican gold output forecast from 575,000 ounces in 2009 to 650,000 ounces this year. Goldcorp is also collaborating with Barrick on the Pueblo Viejo mine in the Dominican Republic, which is scheduled to begin producing in 2011. Goldcorp’s agreement with New Gold follows a bidding competition with a Newmont Mining Corporation ( NEM ) venture over Canplats Resources Corp., which owns a gold project in Mexico. Gold producers are trying to increase their reserves to benefit from the increasing demand. In El Morro, Goldcorp has identified an ideal project to re-enter one of the best mining jurisdictions in South America. Read the full analyst report on “GG” Read the full analyst report on “ABX” Read the full analyst report on “NGD” Read the full analyst report on “NEM” Zacks Investment Research

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Investing in U.S. Gold Stocks

Investing in U.S. Gold Stocks

The world’s most precious metal is probably right in your own backyard. Data from the U.S. Geological Survey shows remaining natural resources of over 1 billion ounces of gold here in the United States. In fact, the USGS believes $700 billion worth of U.S. gold is still completely undiscovered. And that’s exactly why billions are spent every year… Investing in U.S. Gold In the mid-1980s, U.S. gold production levels spiked as a result of two major factors: The astonishing investment profits made from gold during the great precious metal bull market of the 1970s; Advancements in a production process called heap leaching , which allowed miners to begin recovering gold from low-grade deposits in Nevada and other states. Advertisement How Has One Trading Expert Led His Readers to 9,210% Total Gains in the Last 3 Years? By trading options… with accuracy and precision. And over the next few weeks, he’ll accept 200 members into his newest options training service. Introducing the Options Trading Coach . To learn more, just follow this link . Gold production in the United States jumped over 600% in the decade between 1983 and 1993. Take a look: The United States remains one of the world’s most important gold producers. In 2008, the country produced approximately 230 tonnes of gold, making it the third-largest gold-producing nation behind only China and South Africa. America is actually a net exporter of gold. In 2008, the U.S. exported nearly 21 million ounces of gold. Approximately two-thirds of this gold was exported to the United Kingdom, Australia, and Switzerland. Over 70% of the gold produced in the United States today comes from large, open-pit heap leach mines in Nevada. Nevada’s gold mines have produced nearly 3% of all the above ground gold in existence. And it’s exactly where you’ll find what I reckon as the… Top 2 U.S. Gold Stocks Barrick Gold (NYSE: ABX ) Share Price: $41 Market Cap: $40 billion Barrick Gold is the largest gold company in the world. And nearly a third of the company’s total gold production comes from Nevada. In 2008, Barrick’s seven Nevada gold mines produced over 2.5 million ounces and were estimated to host nearly 35 million ounces of gold reserves. Newmont Mining (NYSE: NEM ) Share Price: $49 Market Cap: $24 billion Newmont Mining has been pouring gold in Nevada for nearly…

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Newmont Sells Interest – Analyst Blog

Newmont Mining Corporation ( NEM )’s subsidiary, Newmont Indonesia Limited together with Nusa Tenggara Mining Corporation (an affiliate of Japan’s Sumitomo Corporation), has completed the sale of 7% of PT Newmont Nusa Tenggara for the 2008 divestiture to PT Multi Daerah Bersaing, a consortium comprised of regional and local governments near the Batu Hijau mine, and PT Multicapital (a private company). With this divesture, Newmont ended the dispute with the Indonesian government over selling its shares as required under the contract to operate in the country.   Newmont had however agreed to sell its 14% stake of PT Newmont Nusa Tenggara, the Indonesian gold mine, to PT Multi Daerah Bersaing for about $494 million. The settlement of the remaining 7% stake sale is still subject to approval from PT Newmont Nusa Tenggara’s shareholders meeting, which may be held next month. Upon completion of this sale, Newmont received about $139 million in cash, reflecting its 56.25% portion of the $247 million sale price. This is in addition to $220 million in proceeds for Newmont from the 10% PT Newmont Nusa Tenggara divestiture share sale concluded on Nov 16, 2009. This share transfer results in a pre-tax gain of about $70 million. With the close of the 2008 divestiture share transfer, Newmont’s ownership in the Batu Hijau mine has been reduced from 39.4% to 35.4%.  With the latest stake purchase, the consortium − PT Multi Daerah Bersaing, which is linked to the Bakrie family’s Bumi Resources − will have a 24% stake in the venture and will have the right to place its representatives on the board of directors. Newmont stated that the transfer would result in a pre-tax gain of about $100 million. The company’s ownership in Batu Hijau’s proven and probable equity reserves has been reduced from 45% to about 39%. Newmont Nusa Tenggara runs the Batu Hijau copper and gold mine on Sumbawa island. Newmont Mining is one of the world’s largest un-hedged gold producers. Gold prices are high due to strong demand, U.S. trade/budget/currency issues and global instability. We expect Newmont’s gold sales to rise due to the start of the recently acquired Boddington mining facility in Australia and increased gold sales at the lower-cost Peruvian and Indonesian operations. We reaffirm our Neutral

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