Letter of Intent for Divestitures, Debut Production, Conferences, and Estimated Reserves - Research Report on Newmont, Randgold, AngloGold Ashanti, IAMGOLD, and Coeur Mining
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, October 2, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Newmont Mining Corp. (NYSE: NEM), Randgold Resources Limited (NASDAQ: GOLD), AngloGold Ashanti Ltd. (NYSE: AU), IAMGOLD Corp. (NYSE: IAG), and Coeur Mining, Inc. (NYSE: CDE). 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 September 17, 2013, Newmont Mining Corp. (Newmont) reported that it has signed a Letter of Intent (LOI) to sell Newmont's Midas operation in Nevada to Waterton Global Resource Management, Inc. (Waterton). According to the Company, the LOI will terminate on October 14, 2013, unless extended by mutual agreement of both parties, or earlier superseded by the acquisition agreement. "Consistent with our strategy to deliver value to our shareholders and strengthen our portfolio by divesting non-core assets, we are working with Waterton to explore the sale of our Midas operation in Nevada," said, Randy Engel, Executive Vice President at Strategic Development of Newmont. "Waterton has established a presence in Nevada and is well positioned to enable Midas's success over the long term by using its processing, and other assets, to support Waterton's operations in Nevada." 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/2013-09-29/NEM]
--
Randgold Resources Limited Research Report
On September 24, 2013, Randgold Resources Limited (Randgold) reported that the giant Kibali gold project in the Democratic Republic of Congo officially produced its first gold bar in a ceremony that was attended by Congolese officials, executives of the parastatal SOKIMO and the joint venture partners Randgold Resources and AngloGold Ashanti. Randgold's General Manager Operations for Central and East Africa, Willem Jacobs, commented, "Over the lifetime of Kibali, approximately half of its profits will go to the DRC State in the form of royalties, taxes and dividends. By next year, it will be providing employment to more than 2 500 people on site, almost all Congolese nationals. In addition to our locals-first employment policy, we also give preference to sourcing our goods and services from local suppliers, which spreads the economic benefit of our activities even wider." Randgold stated that it is developing and operating the mine, which with a projected annual production of around 600, 000 ounces of gold, reserves of 11 million ounces and resources of 21 million ounces will rank as one of the largest of its kind in Africa. 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/2013-09-29/GOLD]
--
AngloGold Ashanti Ltd. Research Report
On September 26, 2013, AngloGold Ashanti Ltd. (AngloGold Ashanti) announced that it has commenced production at the Tropicana Gold Mine in Western Australia ahead of its scheduled plan. The Company added that the cost of production /ounces at its new mine was also below AngloGoldAshanti's current average cost structure thus improving the overall quality of its portfolio. Graham Ehm, AngloGold Ashanti's Executive Vice President: Australia, Group Planning & Technical, commented, "To pour gold ahead of schedule and within budget is a rare feat in this industry and it's a significant milestone for us and Independence Group, our partner. We've been able to incorporate innovation into our approach to everything from environmental management to the design of our mining systems and the processing plant." The Full Research Report on AngloGold Ashanti Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-29/AU]
--
IAMGOLD Corp. Research Report
On September 23, 2013, IAMGOLD Corp. (IAMGOLD) announced that it will report its Q3 2013 financial results after the market closes on Tuesday, November 5, 2013. IAMGOLD informed that its management will also host a conference call on November 6, 2013 at 8:30 a.m. EDT. to discuss the Company's operating performance and quarterly results. The Company stated that webcast of the conference call will be available on the Company's website, while a replay of the call will be available from 5:00 p.m. on November 6 to December 4, 2013. The Full Research Report on IAMGOLD Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-29/IAG]
--
Coeur Mining, Inc. Research Report
On September 23, 2013, Coeur Mining, Inc. (Coeur), previously known as Coeur d'Alene Mines Corporation, announced that the estimated contained ounces of proven and probable reserves totaled 86 million of silver ounces and 605,000 of gold ounces, representing a YTD growth of 91.5% and 96.4%, respectively, at its Rochester mine in Nevada. Coeur stated that the reserves do not reflect 2013 mine production, depletion of reserves or exploration or drilling conducted during 2013. Mitchell J. Krebs, Coeur's President and CEO, commented, "We expect to further increase in-situ and stockpile reserves and resources at Rochester at year end as a result of our 2013 drilling program. Rochester represents a unique and attractive source of growth for our stockholders with relatively minimal capital requirements, high expected returns, an attractive jurisdiction, and lower execution risk given its operating history of more than 25 years." The Full Research Report on Coeur Mining, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-29/CDE]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- 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.
- 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 [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] 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 Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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
Equity News Network 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
Equity News Network 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 Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network 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 Investors' Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article