Metals Demand Buoyed by Steady Industry & Market Volatility - Research Report on Freeport-McMoRan, Southern Copper, Alcoa, Yamana and Kinross
NEW YORK, March 8, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Southern Copper Corp. (NYSE: SCCO), Alcoa Inc. (NYSE: AA), Yamana Gold Inc (USA). (NYSE: AUY) and Kinross Gold Corporation (USA) (NYSE: KGC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Freeport-McMoRan Copper & Gold Inc. Research Report
Freeport-McMoRan, world's largest publicly traded copper company, has announced a private placement of senior notes in multiple tranches. FCX intends to use the proceeds from the offering, together with the net proceeds of its term loan, mainly to fund the Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR) acquisitions. The $6.5 billion worth of senior notes will be in four tranches, consisting of 5, 7, 10, and 30-year senior notes. These will have an aggregate weighted interest cost of approximately 3.9% and are expected to settle on March 7, 2013. The Full Research Report on Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/4402_FCX]
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Southern Copper Corp. Research Report
Despite a slump in prices for copper worldwide, Southern Copper still managed to post good numbers for its 2012 Q4 and fiscal 2012 year, thanks to increase in sales volumes for copper (7.1%), silver(14.6%) and zinc (3%). The company also set a copper production record of 200, 070 tons from its Buenavista mine, as well as a record molybdenum production from the La Caridad mine of 10, 968 tons. Silver and zinc production also posted year-over-year increases of 7.2% and 7.3% respectively. Commenting on the Southern Copper's results, Mr. German Larrea, Chairman of the Board, said "Once again the company's
strong financial position and market preference was evidenced by the excellent terms obtained for our new debt offering. Y2012 was another successful year for our company. This was achieved despite a 10% lower copper price and lower prices for our three major by-products. The Buenavista mine, which benefited from a productive work environment, reached a new production record of 200,070 tons. In Y2012, we invested $1,051.9 million in capital programs. I believe our commitment to growth will continue to benefit the Company, investors, neighboring communities and the countries in which we operate." The Full Research Report on Southern Copper Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/0f8d_SCCO]
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Alcoa Inc. Research Report
For the second year in a row, Fortune magazine has named Alcoa as the most admired metals company in the world. The company also received top ranks in seven of the nine key attributes: innovation, social responsibility, people management, use of corporate assets, quality of management, financial soundness, and long-term investment. "It is extremely gratifying to be ranked the most admired metals company again," said Alcoa Chairman and CEO Klaus Kleinfeld. "Today, as Alcoa observes its 125th anniversary, the key to our success remains the dedication of our employees to Alcoa's values and to the relentless pursuit of excellence." The company has also recently given more than $40 million and 800, 000 of volunteerism to the community, and projects and partnerships with non-government and non-profit organizations around the world. The Full Research Report on Alcoa Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/98df_AA]
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Yamana Gold Inc. (USA) Research Report
Another year of mineral reserve and mineral resource increases is what Yamana can be proud of. Total gold equivalent mineral reserves increased to 19.3 million ounces, a 4% increase from 2011, with a 3% increase in grade. Yamana has also increased gold equivalent mineral reserves for 3 consecutive years at its El Peñon, Chile site, building on a long track record of replacing and increasing mineral reserves at the operation. Last year, the focus was on converting, upgrading and increasing mineral resources on which mineral reserve tonnage went up by 14% , which now includes a portion of the Pampa Augusta Victoria ("PAV") vein system which is 'open pittable' as it is near surface and is easily accessible . The 2013 exploration program at El Peñon will focus on the extension of PAV and areas within the North Block as well as new discoveries; Dorada Sur and Dorada Oeste, Fortuna Este, and Bonanza West. This effort is expected to result in continued increases in mineral resources in 2013 and a target to develop the new discoveries into minable mineral reserves in the near term. The Full Research Report on Yamana Gold Inc. (USA) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/ea0e_AUY]
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Kinross Gold Corporation (USA) Research Report
Kinross strikes up solid figures as the company exceeds full-year production forecast and meets full-year cost of sales forecast as well. Production reached 2,617,813 Au eq. oz., exceeding guidance, compared with 2,543,790 Au eq. oz. for full-year 2011 while full-year revenue reached $4,311.4 million, compared with $3,842.5 million for 2011. "As promised, we remained strongly focused on operational fundamentals in the second half of 2012, and finished the year by exceeding our full-year production guidance, and meeting our full-year cost of sales guidance. While we recorded a non-cash impairment charge related to our Tasiast project, our pre-feasibility study work and recent exploration results continue to increase our confidence in Tasiast's potential, and confirm its importance as part of our long-term future," said J.Paul Rollinson, CEO. Kinross expects to produce approximately 2.4-2.6 million gold equivalent ounces in 2013 at a production cost of sales per gold equivalent ounce of $740-790. Total capital expenditures are forecast to be approximately $1.6 billion, a reduction of approximately $325 million compared with 2012. Meanwhile, the Tasiast pre-feasibility study remains on schedule for expected completion in Q1 2013. Dvoinoye remains on schedule for expected delivery of first ore to the Kupol mill in the second half of the year. The Full Research Report on Kinross Gold Corporation (USA) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/9cf0_KGC]
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SOURCE Investors-Alliance
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