Acquisition, Upcoming Earnings and Conference Calls, Sale Completion, and Exploration Updates - Analyst Notes on FM O&G, Royal Gold, Eldorado, AngloGold Ashanti and IAMGOLD
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Royal Gold, Inc. (NASDAQ: RGLD), Eldorado Gold Corporation (NYSE: EGO), AngloGold Ashanti Ltd. (NYSE: AU) and IAMGOLD Corporation (NYSE: IAG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4496-100free.
--
Freeport-McMoRan Copper & Gold Inc. Analyst Notes
On June 30, 2014, Freeport-McMoRan Oil & Gas (FM O&G), a subsidiary of Freeport-McMoRan Copper & Gold Inc., reported the completion of the previously announced acquisition of certain Apache Corporation's interest in the Deepwater Gulf of Mexico (GOM). The Deepwater GOM acquisition was funded with proceeds from the previously reported sale of FM O&G's Eagle Ford Shale assets that closed on June 20, 2014. The estimated combined after-tax net proceeds from the transactions approximate $1.8 billion. FM O&G also acquired for $919 million approximately 51.2% of Apache's 11.7% working interest in the Lucius oil development project, and 100% of Apache's 12.5% working interest in the Heidelberg oil development project and several exploration leases. The Company had announced on June 23, 2014, that it will redeem in July 2014 approximately $1.7 billion aggregate face amount of senior notes with average annual interest rate of approximately 6.6%. The full analyst notes on FM O&G are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/FCX/report.pdf
--
Royal Gold, Inc. Analyst Notes
On July 1, 2014, Royal Gold, Inc. (Royal Gold) announced that it will release its full-year FY 2014 financial results on August 7, 2014, before the market opens. The earnings results will be followed by a conference call that same day at noon ET (10:00 a.m. MT). The live webcast call, as well as its replay, will be made available on the Company's Investor Relations site only for a limited time. The full analyst notes on Royal Gold are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/RGLD/report.pdf
--
Eldorado Gold Corporation Analyst Notes
On June 26, 2014, Eldorado Gold Corporation (Eldorado) announced that it will release its Q2 2014 financial results on July 31, 2014, after the market closes. Paul Wright, CEO, Eldorado, will also host a conference call on August 1, 2014 at 8:30 a.m. PT (11:30 a.m. ET). The call will be webcast live and can be accessed through the Company's Investor Relations site. Post the completion of the call, a replay of the call will be made available only until August 8, 2014. The full analyst notes on Eldorado are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/EGO/report.pdf
--
AngloGold Ashanti Ltd. Analyst Notes
On July 1, 2014, AngloGold Ashanti Ltd. (AngloGold Ashanti) announced the completion of its sale of AngloGold Ashanti Namibia (Proprietary) Limited, a wholly owned subsidiary that owns the Navachab Gold Mine, to QKR Corporation Limited. The transaction concluded on June 30, 2014 after all conditions have been met. The full analyst notes on AngloGold Ashanti are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/AU/report.pdf
--
IAMGOLD Corporation Analyst Notes
On June 23, 2014, IAMGOLD Corporation (IAMGOLD) provided an update from ongoing exploration activities at the Company's 100%-owned Pitangui gold project in the capital city of Minas Gerais State, Brazil. The project, which comprises of 180.3 square kilometres of exploration licenses covering the Archean Pitangui greenstone belt. Assay results show that 27 diamond drill holes totalling 9,971 metres were completed on the Pitangui project subsequent to the effective date. The 2014 diamond drilling program continues to confirm continuity of mineralization with the current São Sebastião resource area. Listed are the drilling results with the highlights: drill hole FJG-073: 4.9 metres grading 10.16 g/t gold; drill hole FJG-075: 8.9 metres grading 5.83 g/t gold; drill hole FJG-076: 6.3 metres grading 7.12 g/t gold; drill hole FJG-076: 13.3 metres grading 4.71 g/t gold; drill hole FJG-078: 7.5 metres grading 9.73 g/t gold; and drill hole FJG-078: 7.5 metres grading 9.59 g/t gold. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "As hoped, the infill delineation drilling program targeting the core area of the Biquinho Zone is confirming continuity of the zone and is intersecting good thicknesses of higher grade mineralization." The full analyst notes on IAMGOLD are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/IAG/report.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article