Penasquito Mine

Royal Gold (RGLD): A Net Asset Value Buy

Filed in Bank Gold, commodities, gld, Gold, o, penasquito, Penasquito Mine, revenue, royal gold by on February 16, 2011 0 Comments

Filed under: International Markets , Newsletters , Mexico , Commodities , Stocks to Buy “Royal Gold ( RGLD ), a gold royalty operation, is progressing well, and is a good buy at current levels,” says global resources expert Adrian Day . The editor of The Global Analyst explains, “Over $6 a share income by 2013 makes Royal Gold fundamentally inexpensive; it is also selling below a reasonable net asset value, unusually for gold stocks. “The company hold a gold royalty on part of the huge Penasquito mine in Mexico, which had a good first quarter. Royal Gold has other new projects gearing up to boost revenues. Andacollo started production in October, so this year will see a full year of revenues from two new mines. Continue reading Royal Gold (RGLD): A Net Asset Value Buy Royal Gold (RGLD): A Net Asset Value Buy originally appeared on BloggingStocks on Wed, 16 Feb 2011 12:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Goldcorp (NYSE:GG) Announces Commercial Production Hit at Penasquito

Filed in Gold, Goldcorp Inc, lead, penasquito, Penasquito Mine, silver, Zinc by on September 14, 2010 0 Comments

Although the first lead and zinc concentrates were produced by Goldcorp (NYSE:GG) at their Penasquito project in Mexico in 2009, the company decided to wait until the second 50 000-t/d mill and flotation line was operational before making the declaration it had officially hit commercial production, which they now have done. Goldcorp is on track to finish construction on high-pressure grinding

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Third of Goldcorp (TSE:G) Cashflow to Come From Mexico

About a third of future cashflow for Goldcorp (TSE:G) (NYSE:GG) is projected to come from Mexico, which is ramping up its latest project in Mexico, the Penasquito mine, in the third quarter. Goldcorp invested about $1.7 billion in the project, which is expected to produce close to 1 million gold equivalent ounces a year for the company. By the early part of 2011, the company should be working

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Goldcorp (TSE:G) Earnings Preview

Goldcorp (TSE:G)(NYSE:GG) seems to be poised for another strong quarter of gold production, and earnings per share, while estimated to come in at 27 cents a share – lower than the 40 cents a share in the same quarter last year – still reflects a strong quarter for the company, while also improving significantly over the 9 cents a share in the last quarter. Estimated gold production for last

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