07.08.2013 14:00:00
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Financial Results Release, Quarterly Dividends, and Stable Operations - Research Report on Newmont Mining, Goldcorp, Yamana Gold, Randgold, and Agnico-Eagle Mines
NEW YORK, August 7, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Newmont Mining Corp. (NYSE: NEM), Goldcorp Inc. (NYSE: GG), Yamana Gold, Inc. (NYSE: AUY), Randgold Resources Limited (NASDAQ: GOLD), and Agnico-Eagle Mines Ltd. (NYSE: AEM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Newmont Mining Corp. Research Report
On July 26, 2013, Newmont Mining Corp. (Newmont Mining) announced its Q2 2013 financial results. The Company's revenues declined 10.6% YoY to $2 billion during the quarter. Newmont Mining reported a net loss attributable to stockholders of $2.0 billion due to a non-cash impairment charge, compared to net profit of $279 million in Q2 2012. Cash flow from continuing operations stood at $293 million in Q2 2013, compared to $351 million in Q2 2012. Gary Goldberg, President and CEO, commented, "I am pleased with our progress to improve our costs and operating efficiencies across our portfolio, which has resulted in a $362 million reduction in year-to-date spending compared to the first half of 2012. We are also on track to reduce our corporate work force by more than one-third, with similar efforts underway at our regional offices. At our operations, we performed in line with our plans. Excluding non-cash asset write-downs, we remain on track with our original outlook for gold and copper production, costs applicable to sales and all-in sustaining costs." The Full Research Report on Newmont Mining Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-05/NEM ]
Goldcorp Inc. Research Report
On July 25, 2013, Goldcorp Inc. (Goldcorp) released its Q2 2013 financial results. Revenues declined 17.8% YoY to $889 million during the quarter. The Company reported net loss attributable to the Company's shareholders of $1.9 billion in Q2 2013, resulting from a non-cash impairment charge, primarily related to exploration potential at Peñasquito, compared to net earnings of $268 million in Q2 2012. Adjusted net earnings stood at $117 million, or $0.14 per share, in Q2 2013, compared to $332 million, or $0.41 per share in Q2 2012. Chuck Jeannes, Goldcorp President and CEO, commented, "Gold production across the portfolio was as planned during the second quarter, but revenues and operating cash flows were significantly impacted by lower realized gold prices, timing of gold production and a temporary increase in inventory at Red Lake. Almost half of our total quarterly gold and silver sales occurred in the month of June, which coincides with a period of particularly weak prices for the metals." The Full Research Report on Goldcorp Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-05/GG ]
Yamana Gold, Inc. Research Report
On July 31, 2013, Yamana Gold, Inc. (Yamana Gold) declared its Q3 2013 dividend of $0.065 per share. The Company reported that the shareholders of record at the close of business on September 30, 2013 will receive the dividend payment on October 11, 2013. The dividend is classified as an "eligible dividend" for Canadian tax purposes. The Full Research Report on Yamana Gold, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-05/AUY ]
Randgold Resources Limited Research Report
On August 1, 2013, Mark Bristow, CEO of Randgold Resources Limited (Randgold) stated that the Company and Mali are well positioned to handle the downturn in the gold price, which resulted in the crisis of the gold mining industry. "The discovery and development of Morila was the foundation on which Randgold built its company, as well as Mali's growth into a major African gold producer. Since it went into production in 2001, Morila has produced more than 6 million ounces of gold at an average cost of less than US$300 per ounce and contributed more than US$1 billion directly to the Malian treasury," commented Mr. Bristow. "Our discovery of Morila was followed by that of Yalea and Gounkoto. We are working on a feasibility study on a possible underground mine at Gounkoto and, in the meantime, our exploration teams are looking for further multi-million ounce gold deposits in the Loulo-Gounkoto region," concluded Mark Bristow. The Full Research Report on Randgold Resources Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-05/GOLD]
Agnico-Eagle Mines Ltd. Research Report
On July 24, 2013, Agnico-Eagle Mines Ltd. (Agnico-Eagle Mines) released its Q2 2013 financial results. Revenue declined 26.8% YoY to $336.4 million. Net loss was $24.4 million, compared to net profit of $43.3 million in Q2 2013. Agnico-Eagle Mines stated that it is on track to meet production guidance of approximately 1.2 million ounces of gold by 2015. Sean Boyd , President and CEO, commented, "Production for the second quarter was in line with our expectations, and we anticipate meeting our 2013 guidance with stronger second half production expected at LaRonde, Kittila, and Meadowbank, and the planned start of production at Goldex. Given the current low gold price environment, we are in the process of reviewing all aspects of our business. Additionally, we estimate that 2014 capital expenditures at existing mines and projects will be in excess of $200 million lower than our previous estimate of approximately $600 million. In spite of these cost reductions and spending deferrals, our growth profile in 2014 and 2015 remains intact." The Full Research Report on Agnico-Eagle Mines Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-05/AEM ]
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SOURCE Investors' Reports
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Aktien in diesem Artikel
Agnico-Eagle Mines Ltd. | 77,50 | -0,13% | |
Newmont Mining Corp. (NMC) | 39,96 | -0,89% |