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Newmont Announces Record Operating Cash Flow of $3.6 Billion and Record Annual Revenue of $10.4 Billion in 2011
"Newmont Mining Corporation (NYSE: NEM - News) ("Newmont" or the "Company") reported income from continuing operations of $0.5 billion or $1.02 per share, compared with $2.3 billion, or $4.69 per share in 2010. Adjusted net income(1) was a record $2.2 billion, or $4.39 per share in 2011, compared with $1.9 billion, or $3.85 per share a year ago. Income from continuing operations was impacted by $1.6 billion, or $3.24 per share, from the non-cash write-down of the Company's Hope Bay project in Canada. This write-down had no impact on reported operating cash flows, cash balances or proven and probable reserves of the Company." More
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16 March 2012 15 March 2012 14 March 2012 13 March 2012 12 March 2012
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| Tahoe Resources Inc. (TSX: THO) Follow-Up # 1 By: Peter Zihlmann |
| Kryso Resources PLC (London: KYS) Follow-Up #2 By: Peter Zihlmann |
| Gold Resource Corp. (AMEX:GORO) Follow-Up #7 By: Peter Zihlmann |
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| Aurizon Reports 2011 Financial Results -
"The fourth quarter 2011 results capped off a great year for Casa Berardi and Aurizon. Revenues, cash flow, profits and production broke historical records. Casa has consistently delivered, and with the continued in-mine exploration success we have enjoyed, Casa Berardi is a cornerstone asset from which to grow the company from. We are on schedule to complete the Joanna feasibility study in second quarter 2012, and are formulating resource updates on our two most advanced exploration projects, Marban and Fayolle." More
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| Kirkland Lake Gold Inc.: Fiscal 2012 Third Quarter Financial and Operational Results; Expansion to 2,200 Tons of Ore Per Day to Be Accelerated -
"We are pleased to announce that phase three plans to advance to 2,200 tons per day of ore production will now be executed over the next fourteen months, requiring additional capital of only $20 million for the mill expansion. While this decision has slightly impacted short term gold production, the resulting production from these tonnage levels will be 250,000 - 300,000 ounces of gold at reduced costs per ton and ounce, and positions the company to realize the earning power of it's asset base earlier. This approach is consistent with the company's strategy to keep capital expenditures as low as possible. As of January, $60.6 million of the $75 million phase's one and two expansion program has increasingly been supported from cash flows. Total expansion capital should remain at or below $100 million dollars." More
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| Great Panther Silver Reports 37% Increase in Revenues to $57.8 Million and $11.5 Million in Net Earnings for 2011 -
"GREAT PANTHER SILVER LIMITED (TSX: GPR.TO - News)(AMEX: GPL - News) ("the Company") announces the financial results for the year ended December 31, 2011. Great Panther is pleased to report revenues for the year ended December 31, 2011 of $57.8 million, representing a 37% increase over 2010. The Company's gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. The Company also increased working capital to $53.8 million at December 31, 2011, from $18.8 million at the end of the prior year." More
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| Harmony Gold Rises Most in 2 Years in Johannesburg on Takeover Speculation -
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| Silver Standard shares rise after analyst raises rating -
"Shares of Silver Standard Resources (SSO.TO) rose more than 6 percent on Wednesday, after an analyst upgraded his rating on the silver producer to "outperform" on its strong development projects." More
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| Goldcorp - Upgrades & Downgrades -
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Precious Metals News Wire |
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| Thai taxi driver returns $410,000 in gold UPI - Consumer Health Daily, 20:27
| | Gold duty hike sparks protest The Telegraph, Calcutta - Business, 18:27
| | Buffett Was Right About Stocks, Bonds, Gold Forbes - Home Asia, 15:59
| | Government to save gold from smugglers The Times of India, 15:20
| | Saft on wealth: What is gold for? The Business Standard - Markets & Investing, 14:24
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| International Forecaster March 2012 (#5) - Gold, Silver, Economy + More By: Bob Chapman, The International Forecaster |
| Where Will the Jobs Come From? By: John Mauldin, Millennium Wave Advisors |
| Canada Sees Mining Resurgence By: The Gold Report and Scott Jobin-Bevans |
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| Canadian Dollar Rises in Longest Weekly Rally Since 2005 - Bloomberg | 17-Mar-Sat |
| Treasuries Post Biggest Weekly Decline in Eight Months on Growth - Bloomberg | 17-Mar-Sat |
| India Raises Gold-Import Tax for Second Time; Prices Drop - Bloomberg | 16-Mar-Fri |
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| Extorre Gold Mines announces closing of C$25 million bought deal private placement financing -
"Extorre Gold Mines Limited (AMEX: XG; TSX: XG; Frankfurt: E1R, "Extorre" or the "Company") is pleased to announce that it has closed the bought deal private placement financing announced on March 7, 2012 (the "Offering"). The Company has issued 3,530,000 common shares (the "Shares") at a price of C$7.10 per Share for gross proceeds of C$25,063,000." More
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| Allied Nevada Awards the Hycroft Expansion Project Engineering and Procurement Contract to Fluor -
"Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX: ANV.TO - News)(AMEX: ANV.TO - News) is pleased to announce that it has awarded a contract to Fluor Corporation ("Fluor") to complete the engineering and remaining procurement activities for the Hycroft Expansion Project. The scope of the contract includes completing engineering required to construct and remaining procurement requirements for the crushing plant, 130,000 ton per day mill and flotation plant, and associated facilities. It is expected that the engineering to construct the crushing plant will be completed in the first quarter of 2013 and the mill engineering to construct will be completed in the second quarter of 2014. Civil and earthworks for the crushing project have begun and it is expected that similar work for the milling facilities will begin in the first quarter of 2013. With these schedules, the crusher is on track to begin operations in the second half of 2013 and the mill is expected to be in operation in the first quarter of 2015." More
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| Nevsun Appoints New Director and Announces 2011 Results Release Date -
"Nevsun Resources Ltd. (TSX: NSU - News)(AMEX: NSU - News) (the "Company") is pleased to announce the appointment of Anthony ("Tony") Ferguson as an independent director, bringing the number of directors of the Company to six." More
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| Great Basin Gold terminates bought deal and announces new bought deal -
"Great Basin Gold Ltd. ("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that the Company and the syndicate of underwriters have agreed to terminate the previously announced public offering. The Company and the underwriters have entered into a new agreement with respect to a public offering, pursuant to which the underwriters have agreed, on a bought deal basis, to buy 66,700,000 units of the Company (the "Units"), at a price of $0.75 per Unit, for aggregate gross proceeds of approximately $50 million (the "Offering"), by way of a short form prospectus in Canada. Each unit will consist of one common share of Great Basin Gold (a "Common Share") and one half of a purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for a period of 2 years following the closing of the Offering at an exercise price of $0.90 per Warrant. The Company has granted the underwriters an over-allotment option to purchase additional Units up to 15% of the Offering, for a period of 30 days following the closing." More
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| Seabridge to Option Red Mountain Project to Banks Island Gold -
"Seabridge is enthusiastic about Banks Island Gold's acquisition of Red Mountain and believes that their management team has the skill set, commitment and knowledge to both grow the resource through exploration and progress the existing resource to production. It is for these reasons that we are willing to accept a significant portion of the up-front option payment in Banks Island Gold common shares." More
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| Eldorado Gold Corporation Completes Acquisition of European Goldfields Limited -
"Eldorado Gold Corporation ("Eldorado" or the "Company") (TSX: ELD.TO - News)(NYSE: EGO - News)(ASX: EAU.AX - News) and European Goldfields Limited ("European Goldfields") (TSX: EGU.TO - News)(AIM: EGU.TO - News) announce that today they completed the previously announced plan of arrangement ("Arrangement") whereby Eldorado acquired all the issued and outstanding securities of European Goldfields." More
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| Eldorado Gold Corporation and European Goldfields Limited Announce Court Approval for the Arrangement -
"Eldorado Gold Corporation ("Eldorado") (TSX: ELD.TO - News)(NYSE: EGO - News)(ASX: EAU.AX - News) and European Goldfields Limited ("European Goldfields") (TSX: EGU.TO - News)(AIM: EGU.TO - News) today announce that the Supreme Court of Yukon ("Court") has approved their previously announced plan of arrangement ("Arrangement") whereby Eldorado will acquire all the issued and outstanding securities of European Goldfields. The Arrangement was approved by Eldorado and European Goldfields security holders on February 21, 2012." More
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