New Gold, Inc. (USA)
IAM Gold (NYSE: IAG)
In a recent press release, the company announced its 4Q12 gold production, higher than the forecasted figure of 205.35koz. The Street expects the cash costs to come near $700/oz.
Key highlights of the press release:
- 2012 production missed the low end of guidance of 840-910kozs at 830kozs. Cash costs come in +/- 3% of the upper end of $670-$695/oz guidance.
- 2013 CapEx guidance more »
The simplicity of the business of mining appeals to me. Get valuable stuff from the ground and make a profit. Obviously most business can be distilled to that level, but mining is unique because it provides such a base material. There are huge mining companies in the world, and they have safety as an investment. However, they have been worked over by so many eyes that it might be more »
After the Fed announced another round of stimulus through QE3, gold stocks continued on a nice surge. Eldorado Gold (NYSE: EGO), New Gold (NYSEMKT: NGD), and Yamana Gold (NYSE: AUY) have gone up 6.9%, 9.5%, and 10.6%, respectively, over just the last 5 trading days alone. On one side, you have the bulls. This side argues that endless government spending will drive concerns over inflation and send more »