Showing posts with label Yamana Gold. Show all posts
Showing posts with label Yamana Gold. Show all posts
Thursday, October 18, 2012
Yamana (AUY) (COP) (EXC) (WNR) (GORO) (HAL) (IAG) (RDS-A) Ratings Changes
Yamana Gold (AUY), ConocoPhillips (COP), Exelon Co. (EXC), Western Refining, Inc. (WNR), Gold Resource Co. (GORO), Halliburton (HAL), IAMGOLD Corp (IAG) and Royal Dutch Shell (RDS-A) had ratings on them adjusted by analysts.
Scotia Capital upgraded Yamana Gold (AUY) from a "Sector Perform" rating to an "Outperform" rating.
Goldman Sachs (GS) upgraded ConocoPhillips (COP) from a "Sell" rating to a "Neutral" rating.
Citigroup (C) upgraded Exelon Co. (EXC) from a "Sell" rating to a "Neutral" rating.
Goldman Sachs upgraded Western Refining, Inc. (WNR) from a "Neutral" rating to a "Buy" rating.
Global Hunter Securities downgraded Gold Resource Co. (GORO) from an "Accumulate" rating to a "Neutral" rating. They have a price target of $17.50 on the company.
Global Hunter Securities downgraded Halliburton (HAL) from an "Accumulate" rating to a "Neutral" rating. They have a price target of $38.00 on the company.
Scotia Capital downgraded IAMGOLD Corp (IAG) from an "Outperform" rating to a "Sector Perform" rating.
Goldman Sachs downgraded Royal Dutch Shell (RDS.A) from a "Neutral" rating to a "Sell" rating.
Tuesday, October 16, 2012
Newmont (NEM) (IAG) (KGC) (EGO) (ABX) (AEM) (AUY) Had Ratings on Them Initiated
Newmont Mining Co. (NEM), IAMGOLD Corp. (IAG), Kinross Gold Corp. (KGC), Eldorado Gold Co. (EGO), Barrick Gold Corp. (ABX), Agnico-Eagle Mines Limited (AEM), Yamana Gold (AUY) had ratings on them initiated by analysts.
Barclays Capital initiated coverage on Newmont Mining Co. (NEM). They placed an "Overweight" rating and price target of $73.00 on the company.
Barclays Capital initiated coverage on IAMGOLD Corp. (IAG). They placed an "Equal Weight" rating and price target of $19.00 on the company.
Barclays Capital initiated coverage on Kinross Gold Corp. (KGC). They placed an "Equal Weight" rating and price target of $13.00 on the company.
Barclays Capital initiated coverage on Eldorado Gold Co. (EGO). They placed an "Equal Weight" rating and price target of $18.00 on the company.
Barclays Capital initiated coverage on Barrick Gold Corp. (ABX). They placed an "Equal WeightThey placed an "Equal Weight" rating and price target of $52.00 on the company.
Barclays Capital initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed an "Equal Weight" rating and price target of $62.00 on the company.
Barclays Capital initiated coverage on Yamana Gold (AUY). They placed an "Overweight" rating and price target of $25.00 on the company.
Wednesday, October 10, 2012
Yamana (AUY) (AEM) (ATNAF) (IAG) (LPI) Get Analysts' Initiations
Yamana Gold (AUY), Agnico-Eagle Mines Limited (AEM), Atna Resources (ATNAF), IAMGOLD Corp (IAG) and Laredo Petroleum Holdings Inc. (LPI) had analysts initiate coverage on them.
Morgan Stanley (MS) initiated coverage on Agnico-Eagle Mines Limited (AEM). They placed an "Equal Weight" rating on the company.
Pi Financial initiated coverage on Atna Resources (ATNAF). They placed a "Buy" rating and a price target of $2.60 on the company.
Morgan Stanley initiated coverage on Yamana Gold (AUY). They placed an "Overweight" rating and price target of $25.00 on the company.
Morgan Stanley initiated coverage on IAMGOLD Corp (IAG). They placed an "Equal Weight" rating on the company.
C.K. Cooper initiated coverage on Laredo Petroleum Holdings (LPI). They placed a "Buy" rating and a price target of $28.00 on the company.
Thursday, June 9, 2011
Yamana (AUY) (NG) (AEM) (AU) (GFI) Close Down as Gold Prices Pressured
Agnico-Eagle (NYSE:AEM), AngloGold Ashanti (NYSE:AU), Gold Fields (NYSE:GFI), Yamana Gold (NYSE:AUY) and NovaGold Resources Inc. (AMEX:NG) all closed down in trading Wednesday as a stronger dollar slightly pressured precious metals and base metals.
Palladium closed down and platinum settled flat.
Concerns over the sovereign debt crisis in Europe outweighed U.S. dollar concerns, putting downward pressure on gold and other metals, as the greenback gained against the euro.
The most actively traded gold contract, for August delivery, dropped $5.30, or 0.3 percent, to settle Wednesday at $1538.70 an ounce on the Comex division of the New York Mercantile Exchange.
Silver for July delivery was down 1.2 percent to settle at $36.62 an ounce.
Overall, expectations are market conditions will continue to favor gold and silver prices, pushing them higher over the next several months.
NovaGold closed Wednesday at $10.34, falling $0.71, or 6.43 percent. Yamana ended the session at $11.76, dropping $0.26, or 2.16 percent. Gold Fields closed at $14.62, down $0.36, or 2.40 percent. AngloGold Ashanti ended the day at $43.08, declining $0.79, or 1.80 percent. Agnico-Eagle closed at $61.49, losing $2.28, or 3.58 percent.
Palladium closed down and platinum settled flat.
Concerns over the sovereign debt crisis in Europe outweighed U.S. dollar concerns, putting downward pressure on gold and other metals, as the greenback gained against the euro.
The most actively traded gold contract, for August delivery, dropped $5.30, or 0.3 percent, to settle Wednesday at $1538.70 an ounce on the Comex division of the New York Mercantile Exchange.
Silver for July delivery was down 1.2 percent to settle at $36.62 an ounce.
Overall, expectations are market conditions will continue to favor gold and silver prices, pushing them higher over the next several months.
NovaGold closed Wednesday at $10.34, falling $0.71, or 6.43 percent. Yamana ended the session at $11.76, dropping $0.26, or 2.16 percent. Gold Fields closed at $14.62, down $0.36, or 2.40 percent. AngloGold Ashanti ended the day at $43.08, declining $0.79, or 1.80 percent. Agnico-Eagle closed at $61.49, losing $2.28, or 3.58 percent.
Wednesday, June 8, 2011
Yamana (AUY) (GG) (NEM) (EGO) (KGC) Close Down as Gold Prices Fall
Yamana Gold (NYSE:AUY), Goldcorp (NYSE:GG), Newmont Mining (NYSE:NEM), Eldorado Gold Corporation (NYSE:EGO) and Kinross Gold Corp (NYSE:KGC) all closed down as gold prices fell on Tuesday.
Gold for August delivery fell in New York to $1,544 an ounce, a loss of $3.20.
The euro strengthened against the U.S. dollar, to a high of $1.4696. The dollar was also down against the Swiss franc to 0.8327. Against a basket of major currencies the dollar dropped to 73.506.
The Dow Jones industrial average was down 19.15 points, or 0.16 percent, to close at 12,070.81. The Standard & Poor's 500 Index dropped 1.23 points, or 0.10 percent, to end at 1,284.94. The Nasdaq Composite Index fell 1.00 point, or 0.04 percent, to close at 2,701.56.
Yamana Gold closed Tuesday at $12.02, down $0.13, or 1.07 percent. Goldcorp ended the day at $47.99, falling $0.39, or 0.81 percent. Newmont Mining closed at $52.94, declining $0.50, or 0.94 percent. Eldorado Gold ended at $14.52, dropping $0.23, or 1.56 percent. Kinross closed at $15.44, losing $0.17, or 1.09 percent.
Gold for August delivery fell in New York to $1,544 an ounce, a loss of $3.20.
The euro strengthened against the U.S. dollar, to a high of $1.4696. The dollar was also down against the Swiss franc to 0.8327. Against a basket of major currencies the dollar dropped to 73.506.
The Dow Jones industrial average was down 19.15 points, or 0.16 percent, to close at 12,070.81. The Standard & Poor's 500 Index dropped 1.23 points, or 0.10 percent, to end at 1,284.94. The Nasdaq Composite Index fell 1.00 point, or 0.04 percent, to close at 2,701.56.
Yamana Gold closed Tuesday at $12.02, down $0.13, or 1.07 percent. Goldcorp ended the day at $47.99, falling $0.39, or 0.81 percent. Newmont Mining closed at $52.94, declining $0.50, or 0.94 percent. Eldorado Gold ended at $14.52, dropping $0.23, or 1.56 percent. Kinross closed at $15.44, losing $0.17, or 1.09 percent.
Wednesday, May 19, 2010
Eldorado Gold (NYSE:EGO), Iamgold (NYSE:IAG), Yamana Gold (NYSE:AUY), Plummet with Gold Price
Recently the gold mining stocks have moved closely in unison with the price of gold, and as the gold prices go, so go the mining stock (at least most of them), and that happened today with Eldorado Gold (NYSE:EGO), Iamgold (NYSE:IAG) (TSE:IMG) and Yamana Gold (NYSE:AUY) (TSE:YRI).
Measured by percentages, dropping the most of these three gold mining companies was Iamgold, which plunged by 5.42 percent, or 42 cents. In New York they ended the session as $17.83 a share, and in Toronto they finished at $17.10 a share.
Volume was up on both exchanges for Iamgold as well, led by New York, where the company had a volume of 7,267,069, well above the 3-month average of 4,223,170. Toronto trading volume was also up above the 3-month average, but pretty much in line with normal activity, increasing to 3,481,476, while the regular average is 2,630,170.
Eldorado Gold was down 3.67 percent, or 63 cents a share. It finished the day at $16.52.
Volume surged for the miner, like it did with most gold mining companies, increasing from their 3-month average of 5,150,160, to 9,533,986.
Yamana Gold performed close to Eldorado for the day, falling by 3.65 percent, or 42 cents a share in Toronto, and 4.57 percent, or 51 cents a share in New York.
Volume in New York increased from 12,925,200 for a 3-month average, to 19,927,147. In Toronto, volume for the last three months on average was 4,469,540, compared with today's volume of 7,316,653.
The stock closed in New York at $10.66, and in Toronto at $11.10.
Measured by percentages, dropping the most of these three gold mining companies was Iamgold, which plunged by 5.42 percent, or 42 cents. In New York they ended the session as $17.83 a share, and in Toronto they finished at $17.10 a share.
Volume was up on both exchanges for Iamgold as well, led by New York, where the company had a volume of 7,267,069, well above the 3-month average of 4,223,170. Toronto trading volume was also up above the 3-month average, but pretty much in line with normal activity, increasing to 3,481,476, while the regular average is 2,630,170.
Eldorado Gold was down 3.67 percent, or 63 cents a share. It finished the day at $16.52.
Volume surged for the miner, like it did with most gold mining companies, increasing from their 3-month average of 5,150,160, to 9,533,986.
Yamana Gold performed close to Eldorado for the day, falling by 3.65 percent, or 42 cents a share in Toronto, and 4.57 percent, or 51 cents a share in New York.
Volume in New York increased from 12,925,200 for a 3-month average, to 19,927,147. In Toronto, volume for the last three months on average was 4,469,540, compared with today's volume of 7,316,653.
The stock closed in New York at $10.66, and in Toronto at $11.10.
Saturday, May 15, 2010
Freeport-McMoRan (NYSE:FCX), Southern Copper (NYSE:SCCO), Yamana Gold (NYSE:AUY) Could All be Hurt by Derivative Reform
The rush by lawmakers in the U.S. to throw out some new regulations could backfire as usual, as the move to regulate derivative could harm companies like Freeport-McMoRan (NYSE:FCX), Southern Copper (NYSE:SCCO), Yamana Gold (NYSE:AUY), who use them for hedging and financial management.
Talking about derivatives in any way get be confusing and complicated, so we'll just keep it to the obvious basics, and that is hedge their risks in areas like currency fluctuations, energy costs, inceasing interest rates and the cost of output in the future, among other things.
A derivative is an instrument which derives its value from something other than itself, like the interst rates mentions above, or how currencies interact with one another.
What companies do is use these derivatives as management tools to have some control over the costs of these types of financial challenges affecting their business results.
The bad reputations associated with derivatives isn't related to those which are used to hedge the risks of companies, but those used to speculate, in which case they can destroy gigantic companies, as they did with Bear Stearns and others.
What proposed legislation could end up doing is pushing the trading of derivatives to exchanges, which would effectively remove much of the value of the types used to hedge risks for companies, as they wouldn't be able customize their to their specific circumstances, but would be forced to use standard contracts, which would be much less valuable and ultimately, more costly.
Taking that way would take away much of the purpose of derivatives, and the extra cost would be for a far less useful product.
Interestingly for Yamana, some investors don't understand the difference between derivative types, and they punish the company for their derivative exposure as a consequence of that.
For the others like Freeport-McMoRan, Southern Copper and many others, the cost of doing business and the risk associated with it will increase as a result, and that cost is always passed on to the end-user: the customer.
There's a lot more to it than this, but again, the complexities are enormous, and you can go down all sorts of roads attempting to explain it all.
The bottom line is derivative regulations seems to be headed down an avenue where one size will fit all, and if it does, it's going to end up doing a lot more harm than good, especially for those companies using them properly and strategically.
It's something to keep in mind and add to our data when researching companies to accurately measure their operational costs and potential margins.
Talking about derivatives in any way get be confusing and complicated, so we'll just keep it to the obvious basics, and that is hedge their risks in areas like currency fluctuations, energy costs, inceasing interest rates and the cost of output in the future, among other things.
A derivative is an instrument which derives its value from something other than itself, like the interst rates mentions above, or how currencies interact with one another.
What companies do is use these derivatives as management tools to have some control over the costs of these types of financial challenges affecting their business results.
The bad reputations associated with derivatives isn't related to those which are used to hedge the risks of companies, but those used to speculate, in which case they can destroy gigantic companies, as they did with Bear Stearns and others.
What proposed legislation could end up doing is pushing the trading of derivatives to exchanges, which would effectively remove much of the value of the types used to hedge risks for companies, as they wouldn't be able customize their to their specific circumstances, but would be forced to use standard contracts, which would be much less valuable and ultimately, more costly.
Taking that way would take away much of the purpose of derivatives, and the extra cost would be for a far less useful product.
Interestingly for Yamana, some investors don't understand the difference between derivative types, and they punish the company for their derivative exposure as a consequence of that.
For the others like Freeport-McMoRan, Southern Copper and many others, the cost of doing business and the risk associated with it will increase as a result, and that cost is always passed on to the end-user: the customer.
There's a lot more to it than this, but again, the complexities are enormous, and you can go down all sorts of roads attempting to explain it all.
The bottom line is derivative regulations seems to be headed down an avenue where one size will fit all, and if it does, it's going to end up doing a lot more harm than good, especially for those companies using them properly and strategically.
It's something to keep in mind and add to our data when researching companies to accurately measure their operational costs and potential margins.
Monday, May 3, 2010
Yamana (TSE:YRI) Earnings Up on Gold Production, Price
Yamana Gold (TSE:YRI) (NYSE:AUY) enjoyed a 62 percent increase in its first-quarter revenue, as gold production rose along with the price of gold.
Earnings for the quarter increased by $79.5 million, or 11 cents a share, although it would have been even higher except for the large foreign exchange gain in the same quarter last year.
Profits came in level with what analysts estimated of 11 cents, before one-time items.
In the same quarter last year Yamana posted profits of $86 million, or 12 cents a share.
Revenue increased to $346.3 million on production gains of six percent, as well as the rise in gold prices.
Using base metals production as a cost offset, cash cost an ounce came to $161.
Guidance for 2010 was reiterated with expectations to reach production levels between 1 million to 1.1 million gold equivalent ounces.
Earnings for the quarter increased by $79.5 million, or 11 cents a share, although it would have been even higher except for the large foreign exchange gain in the same quarter last year.
Profits came in level with what analysts estimated of 11 cents, before one-time items.
In the same quarter last year Yamana posted profits of $86 million, or 12 cents a share.
Revenue increased to $346.3 million on production gains of six percent, as well as the rise in gold prices.
Using base metals production as a cost offset, cash cost an ounce came to $161.
Guidance for 2010 was reiterated with expectations to reach production levels between 1 million to 1.1 million gold equivalent ounces.
Tuesday, April 20, 2010
Yamana (TSE:YRI), Barrick (TSE:ABX), Gold Prices Up
Yamana, Barrick and others go up with spot gold prices
Gold prices had a slight rebound today, and gold mining stocks responding by increasing as well, with gold producers like Yamana (TSE:YRI) (NYSE:AUY), Barrick Gold (TSE:ABX) (NYSE:ABX), Kinross Gold (TSE:K) (NYSE:KGC) and Jaguar Mining (NYSE:JAG) moving up on the day, depending on what stock exchange they were listed on.
Some pulled back while others continue to go up, even in after-hours trading.
After a surge which brought spot gold prices up to $1,147 an ounce, they've pulled back to around $1,140 an ounce, but still a lot higher than the gold lows experienced last week.
Gold prices had a slight rebound today, and gold mining stocks responding by increasing as well, with gold producers like Yamana (TSE:YRI) (NYSE:AUY), Barrick Gold (TSE:ABX) (NYSE:ABX), Kinross Gold (TSE:K) (NYSE:KGC) and Jaguar Mining (NYSE:JAG) moving up on the day, depending on what stock exchange they were listed on.
Some pulled back while others continue to go up, even in after-hours trading.
After a surge which brought spot gold prices up to $1,147 an ounce, they've pulled back to around $1,140 an ounce, but still a lot higher than the gold lows experienced last week.
Monday, March 15, 2010
Goldcorp (NYSE:GG) Still Looking Good
Goldcorp Controlling Costs
Goldcorp (NYSE:GG) has been dismissed lately based on the assumption they're fully valued with nowhere to go. That seems to be an incorrect way to view the company, as they seemed poise to contiue on strong in the ongoing bull gold market.
While the price of gold isn't the only factor in determining the share price movement of a gold company, as evidenced today with mixed results from the market even though gold solidified.
One key strength of Goldcorp, similar to Yamana Gold (NYSE:AUY), is it has among the lowest costs among the major gold mining companies, which allows them a lot more room for things like currency fluctuations and temporary price swings in the price gold, among other factors.
In spite of numerous factors, including the currency issue, which hammered Goldcorp last year, the company still was able to pay about $132 million in dividends. That's not easy to do in the climate they operated under, even with gold prices rising.
Again, it's the control of its operational costs which gives the company the ability to be much more flexible than most of its key rivals. That not only allows the company to share the wealth, but also provides them with liquidity to make key acquisitions that may become available to them.
The bottom line of controlling costs for Goldcorp is the flexibility it offers. That and rising gold prices, even with the risk of currency exchanges, makes them a solid gold company for those willing to invest in them.
Goldcorp Controlling Costs
Goldcorp (NYSE:GG) has been dismissed lately based on the assumption they're fully valued with nowhere to go. That seems to be an incorrect way to view the company, as they seemed poise to contiue on strong in the ongoing bull gold market.
While the price of gold isn't the only factor in determining the share price movement of a gold company, as evidenced today with mixed results from the market even though gold solidified.
One key strength of Goldcorp, similar to Yamana Gold (NYSE:AUY), is it has among the lowest costs among the major gold mining companies, which allows them a lot more room for things like currency fluctuations and temporary price swings in the price gold, among other factors.
In spite of numerous factors, including the currency issue, which hammered Goldcorp last year, the company still was able to pay about $132 million in dividends. That's not easy to do in the climate they operated under, even with gold prices rising.
Again, it's the control of its operational costs which gives the company the ability to be much more flexible than most of its key rivals. That not only allows the company to share the wealth, but also provides them with liquidity to make key acquisitions that may become available to them.
The bottom line of controlling costs for Goldcorp is the flexibility it offers. That and rising gold prices, even with the risk of currency exchanges, makes them a solid gold company for those willing to invest in them.
Goldcorp Controlling Costs
Thursday, March 4, 2010
Yamana Gold (NYSE:AUY) Misses Profits On Executive Bonuses
Yamana Gold Executive Bonuses
Yamana Gold (NYSE:AUY) said it missed its profit numbers in the fourth quarter because of Executive bonuses, which drove up the selling, general and administrative costs of the company for the quarter.
Revenue was also down in the quarter, coming in at around $400 million when analysts had been looking for over $420 million.
More concerning for Yamana is the gold it claims is under the earth they dig didn't increase in 2009, giving the obvious impression they miscalculated the amount of provable reserves there in the first place.
Still, from an operational standpoint that's encouraging in that they were on top of costs in general because they were able to pay out bonuses while only missing the profit target per share by a penny.
Yamana Gold Executive Bonuses
Yamana Gold (NYSE:AUY) said it missed its profit numbers in the fourth quarter because of Executive bonuses, which drove up the selling, general and administrative costs of the company for the quarter.
Revenue was also down in the quarter, coming in at around $400 million when analysts had been looking for over $420 million.
More concerning for Yamana is the gold it claims is under the earth they dig didn't increase in 2009, giving the obvious impression they miscalculated the amount of provable reserves there in the first place.
Still, from an operational standpoint that's encouraging in that they were on top of costs in general because they were able to pay out bonuses while only missing the profit target per share by a penny.
Yamana Gold Executive Bonuses
Tuesday, February 23, 2010
Yamana Gold (TSE:YRI), Barrick Gold Corp. (TSE:ABX), Goldcorp (TSE:G) All Down
Yamana Gold, Barrick Gold Corp., Goldcorp
Yamana Gold (TSE:YRI), Barrick Gold Corp. (TSE:ABX), Goldcorp (TSE:G) were all down today as they helped lead a pullback in gold prices after nice gains earlier in the session for gold futures.
Some believe this is over the concerns that governments are removing stimulus measures which have been helping artificially prop up the markets.
As far as gold goes, this really doesn't have much if any effect on gold mining companies, but it's part of the pychology of investing, as we all know.
Yamana Gold, Barrick Gold Corp., Goldcorp
Yamana Gold (TSE:YRI), Barrick Gold Corp. (TSE:ABX), Goldcorp (TSE:G) were all down today as they helped lead a pullback in gold prices after nice gains earlier in the session for gold futures.
Some believe this is over the concerns that governments are removing stimulus measures which have been helping artificially prop up the markets.
As far as gold goes, this really doesn't have much if any effect on gold mining companies, but it's part of the pychology of investing, as we all know.
Yamana Gold, Barrick Gold Corp., Goldcorp
Thursday, March 6, 2008
Gold News Around the Web
A lot of news on gold was around the web today, as futures fell sharply on Thursday, and a number of godl companies made announcements concerning dividends, seeking partners and opening up of mines again.
Here's the top gold stories:
Gold drops sharply following record Wednesday
Gold futures fell sharply Thursday, pulling back after surging to a record high over $995 an ounce in the previous session, as traders locked in gains.
Gold for April delivery fell $11.40 to end at $977.10 an ounce on the New York Mercantile Exchange.
"It seems like another instance of the long side paring back positions because of the worries in the equities markets," said Zachary Oxman, a senior trader at Wisdom Financial.
=====
Dollar, Gold Fall in Europe
Gold traded in London at $982.20 per troy ounce, down from $984.45 late Wednesday. In Zurich, gold was unchanged at $982.65 bid per troy ounce.
Silver traded in London at $20.46, down from $20.49.
=====
Gold retreats from record high as oil prices soften
Gold retreated from record highs on Thursday as oil prices slipped, but the precious metal held within striking distance of $1,000 a troy ounce as the dollar struck an all-time low against the euro.
Spot gold jumped as high as $991.90 an ounce and was quoted at $984.40/985.70 at 1603 GMT, up from an earlier low of $959.45, but below the $985.70/986.50 late on Wednesday.
=====
Gold's glitter lures buyers, even near $1,000
Gold's near vertical climb to historic highs approaching the key $1,000 mark shows no sign of abating as bullish forces such as a sinking dollar and record high oil are not seen fading anytime soon.
Fears that expensive oil will stoke inflation combined with worries over potential stock market losses and the U.S. on the brink of possible economic recession will propel gold higher still, analysts say.
"Don't be surprised to see gold trade up to $1,100 (an ounce) or even $1,200 before year-end 2008," said Jeffrey Nichols, managing director of American Precious Metals Advisors.
=====
Yamana Gold Declares Quarterly Dividend
YAMANA GOLD INC. (NYSE: AUY) today announced its first quarter dividend of US$0.01 per share. Shareholders of record at the close of business on Monday, March 31, 2008 will be entitled to receive payment of this dividend on Monday, April 14, 2008. The dividend is an "eligible dividend" for Canadian tax purposes.
=====
Barrick's Wilkins Seeking Russian Partner for Gold-Deposit Bid
Barrick Gold Corp., the world's largest gold producer, is seeking a Russian partner for a venture to develop mines in the country and bid for its largest untapped gold deposit.
Barrick would accept a minority stake in a Russian joint venture, Chief Executive Officer Gregory Wilkins said today. The partnership would be used to try to secure rights to the Sukhoi Log gold and silver deposit when it comes up for government auction, he said.
=====
Eldorado Gold Corporation: Kisladag Mine Re-Opens
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (TSX:ELD), is pleased to announce that earlier today, March 6, 2008 its Kisladag mine in Western Turkey re-opened and that production activities are underway.
=====
Subscribe to:
Posts (Atom)