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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