Newcrest Mining

Harmony (NYSE:HMY), Newcrest (OTC:NCMGY) Wafi-Golpu Project Resources Double Original Estimates

Harmony Gold Mining Co. (NYSE:HMY) and Newcrest Mining (OTC:NCMGY) are about to start their $150 million prefeasibility study at the Wafi-Golpu copper-gold project in Papua New Guinea. According to Harmony Chief Executive Officer Graham Briggs, the mine may contain almost double the previous copper and gold resources estimated at the project. Wafi-Golpu may have as much as 30 million ounces

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Gold Outperforming Gold Stocks in 2010

Gold Outperforming Gold Stocks in 2010

With just over two months left in 2010, the price of gold is outperforming share prices of the world’s largest companies that mine the precious yellow metal. For the year, 10 of the 12 largest gold companies have seen their shares rise as commodity prices elevate. On average, these gold stocks have returned a 15.9% gain. That compares to gold, which is up 21.1% for the year. Take a look: Company Share Price 12/31/09         10/22/10 Percent Change Stock Chart Barrick Gold (NYSE: ABX) $39.38 $46.13 ↑17.1% Goldcorp (NYSE: GG) $39.34 $42.04 ↑ 6.9% Newmont Mining (NYSE: NEM) $47.31 $59.37 ↑ 25.5% Newcrest Mining (ASX: NCM) $35.33 $40.00 ↑ 13.2% AngloGold Ashanti (NYSE: AU) $40.18 $45.70 ↑ 13.7% Kinross Gold (NYSE: KGC) $18.40 $17.55 ↓4.6% Polyus Gold (Pink OTC: OPYGY) $27.55 $31.10 ↑12.9% Agnico-Eagle Mines (NYSE: AEM) $54.00 $70.10 ↑31.7% Gold Fields (NYSE: GFI) $13.11 $15.32 ↑16.9% Yamana Gold (NYSE: AUY) $11.38 $10.74 ↓5.6% Eldorado Gold (NYSE: EGO) $14.17 $16.76 ↑18.3% IAMGOLD (NYSE: IAG) $15.64 $17.49 ↑11.8% Average Gain ↑15.9%          Dow Jones Gain to Date:         ↑6.8%    NASDAQ Gain to Date:           ↑9.3%    S&P 500 Gain to Date:            ↑6.1% Gold’s Gain to Date     ↑21.1% The price of physical gold may be outperforming gold stocks for 2010. But one of the biggest complaints among anti-gold investors is that bullion doesn’t pay an income of any kind. However, there are several gold stocks that do pay dividends. 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 top three highest-yield gold dividend stocks on the market today. You can read this report for free right now by clicking here or by copying and pasting the following link into your internet browser’s address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788 Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Gold Outperforming Gold Stocks in 2010 originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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The Definitive Guide to Gold Dividend Stocks

The Definitive Guide to Gold Dividend Stocks

It’s one of the biggest gripes among anti-gold investors: Gold bullion doesn’t pay a dividend, nor does it produce any other kind of income. However, there are several gold stocks that do pay dividends. And in just one minute, I’ll reveal the top three gold stocks that are currently paying the highest annual dividends. Plus, I’ll tell you about the top silver dividend-paying stock. But first, you need to understand something about gold dividend stocks… Gold dividend stocks Gold companies have never thrilled investors with their dividend payments. And investors looking for regular high-yield annual dividends of +5% aren’t going to find them among gold stocks. In fact the highest dividend yielding gold stock right now only offers a 2.5% annual return. But I’ve recently found over a dozen energy stocks alone that are paying 8% to 12% annual yields . Skimpy dividend payments keep gold stocks out of dividend funds. Typically, stocks need a minimum yield of about 2%, and have consistent dividend growth for 5 to 10 years to be considered candidates for the dividend investment category. Yet, while gold stocks have not historically offered much in the way of dividends, increasing commodity prices are prompting many gold companies to boost yields and even initiate new dividend programs. Dividends are rising among gold stocks Back in March, Yamana Gold (NYSE: AUY ) began to increase their dividend payment as the rising price of gold drove up revenue. Since that time, the company has doubled its dividend payments. Take a look: Yamana is currently paying a 0.80% annual dividend yield. Other gold companies are increasing their dividend payments as well. Recent gold stocks to boost dividend payouts include: Newcrest Mining (ASX: NCM ) increased their annual dividend this year by 33% to $0.20 per share after the company saw net profit more than double for the year. Kinross Gold (NYSE: KGC ) has kept the company’s semi-annual dividend steady for the past 12 months at $0.05 per share. However, it was increased 25% during the third quarter of 2009. AngloGold Ashanti (NYSE: AU ) dropped their most recent semi-annual dividend payment slightly from $0.092 to $0.09. However, the company has increased their semi-annual yield by 73% from the spring 2009 payment of just $0.052 per share. Newmont Mining (NYSE: NEM ) just raised their quarterly dividend by 50% from $0.10 to $0.15 per share as production revenue rose. Eldorado Gold (NYSE: EGO ) announced the inaugural annual dividend payment of $0.05 per share in February. Even with recent increases, dividend yields among gold stocks are still relatively low. Most annual dividend yields from the world’s largest gold companies are still under 1%. However, there are a few that pay a little more… The top 3 gold dividend stocks Company: Barrick Gold Annual Dividend: 1.05% Barrick Gold (NYSE: ABX ) just increased the company’s quarterly dividend by 20% to $0.12 per share as profits soar for the world’s largest gold firm. If Barrick maintains quarterly dividends at current levels, the company will pay a 1.05% annual dividend. Company: Gold Fields Annual Dividend: 1.25% Gold Fields (NYSE: GFI ) has raised and lowered its dividends based on revenue from the company’s major South African gold production and processing operations over the past several years. The stock is currently paying …

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Yamana Gold (NYSE:AUY) Can’t Overcome Slow Start for Week

Mid-size gold miners like Yamana Gold (NYSE:AUY) weren’t able to keep up with their larger counterparts this week, especially Newmont Mining (NYSE:NEM) and Barrick Gold (NYSE:ABX), who in spite of a slow week, were able to end in a flourish, finishing in positive territory in New York.Even with their strong performance on Friday, Yamana wasn’t able to overcome the Monday sell-off in gold as

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Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) Flat

Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) (NYSE:EGO) were largely flat today as investors lost a bit of their appetite for safety and took some money out after five-month highs last week. Some of the risk appetite returned after the announcement the EU and IMF were going to provide a little under $1 trillion in loans to the struggling countries in the euro-zone

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Newcrest (ASX:NCM) Increases Lihir (ASX:LGL) Bid to $8.8 Billion, Agrees to Deal

After increasing their bid for Lihir Gold (ASX:LGL) (TSE:LGG) to $8.8 billion, Newcrest Mining (ASX:NCM) agreed to buy the gold mining company, which would make them the fifth-largest gold producer in the world. Terms of the offer are one share of Newcrest for every 8.43 Lihir shares, plus 22.5 cents. That also would be minus and dividend paid out in the first half. The original offer from

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Newcrest low chance of Australia tax passing unchanged

Filed in Gold Holdings, Gold Investing, Newcrest Mining by on May 3, 2010 0 Comments

MELBOURNE, May 4 – Newcrest Mining Chief Executive Ian Smith said the new resources super profits tax proposed by the Australian government was a worst-case scenario and was unlikely to get through parliament unchanged following an election. Ke Newcrest low chance of Australia tax passing unchanged

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Newmont Mining (NYSE:NEM) Amulsar Gold Project

Newmont Mining (NYSE:NEM) announced Friday it has sold it interest in the in the Amulsar Gold Project, which it had joint ventured with Lydian International (TSX:LYD). They divested of their stake via its Newmont Overseas Exploration Limited wholly owned subsidiary, which sold it to Lydian.Per terms of the agreement, Newmont Overseas Exploration Limited received 3 million ordinary shares of

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Newcrest cuts gold production forecast

Gold producer Newcrest Mining Ltd has reduced its annual guidance after extended commissioning. Newcrest cuts gold production forecast

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Newcrest Mining to Build World’s Largest Underground Mine

Filed in copper, Gold, Gold Market, Newcrest Mining by on April 20, 2010 0 Comments

Newcrest Mining (ASX: NCM ) will build the largest underground mine in Australia, after approving the development of the large Cadia East gold-copper deposit located North of Sydney. The Cadia East deposit is one of the world’s largest known gold-copper deposits. It comprises a mineral resource of 2,347 million tonnes, containing 33.2 million ounces of gold and 6.59 million tonnes of copper, along with a current ore reserve of 18.7 million of gold and 3.16 million tonnes of copper. The company said development of the Cadia East deposit would sustain production from the Cadia Valley for the next three decades. The project — estimated to cost A$1.91 billion — will generate 1,300 jobs at the peak of construction. Construction will start immediately with first production expected during the second half of 2012. Luke Burgess Editor, Wealth Daily Newcrest Mining to Build World’s Largest Underground Mine originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Lihir Gold (ASE:LGL) Quiet on Barrick Gold (TSE:ABX), Newmont Mining (NYSE: NEM) Access to Data Room

Lihir Gold Garnering Increased Interest from Major Gold Mining CompaniesLihir Gold (ASE:LGL) is quiet on the news it has opened up access to its data room to Barrick Gold (TSE:ABX) and Newmont Mining (NYSE: NEM).Newcrest Mining (ASE:NCM), which has already been rejected for its takeover offer for Lihir, has asked that Lihir allows them access to the data room in order to obtain the relevant

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Lihir Gold (ASE:LGL) Getting More Attention

News is out that Lihir Gold (ASE:LGL) has possibly prepared a ‘data room’ for those intersted in bidding on the company. This could be a strategic move to pressure Newcrest Mining to increase its bid of $8.9 billion, which Lihir has rejected. Other potential suitors of Lihi which have named include Goldcorp (TSE:G), Kinross Gold (TSE:K) and AngloGold Ashanti (NYSE:AU), although none of them

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