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SINGAPORE OFFICIAL DISCUSSES ‘UNEASY CALM’, TELLS BANKS TO PREPARE
FOR FINANCIAL COLLAPSE -
http://www.silverdoctors.com/singapore-official-discusses-uneasy-calm-tells-banks-to-prepare-for-financial-collapase/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103764496
JPMORGAN LOSES 44% OF GOLD INVENTORIES IN 4 DAYS!
http://www.silverdoctors.com/jpmorgan-loses-44-of-gold-inventories-in-4-days/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96664347
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96596821
http://www.goldcorp.com
God Bless
Goldcorp, Inc. (GG) Chart wkly 1st Target $32.-
TI stochastic in buy zone bull start -
TI RSI bull cross -
Gold Bugs Index - NYSE Arca ($HUI)daily bull cross -
Gold - Spot Price (EOD) ($GOLD)wkly 400ema -
TA gold made double bottom at $1200 -
CALVF Chart TA Golden Cross Started UP lift -
CALVF its long way back to the TOP -
http://www.brrmedia.com/event/123937/mark-learmonth-vp-investor-relations-and-corporate-development
30 Reasons The Bear Phase In Gold Ends This Summer -
Posted June 21st, 2014 at 1:54 PM (CST)
by Jim Sinclair & filed under General Editorial.
http://www.jsmineset.com/2014/06/21/30-reasons-the-bear-phase-in-gold-ends-this-summer/
Dear CIGAs,
Here are the 30 reasons, 23 new and 7 set in cement, of why the Bear phase in the bull market for gold ends this summer without any new lows.
1. The New definition of warfare is economic. Sanctions against Russia and the implications for the Petrodollar
2. FACTA and the universal long arm of the US government via any transaction internationally that passes even momentarily through the dollar as a contract settlement mechanism. The negative implications for the dollar’s future as a contract settlement mechanism internationally.
3. EU split over sanctions due to Russian energy demand and Russian business interests.
4. Middle East Western Hegemony and Arab Spring is defunct.
5. Iran to assist in Iraq if asked, which is the failure of "Misssion Accomplished."
6. Iraq oil production challenged by ISEL.
7. Kurds emboldened by ISEL.
8. US relationship with Saudi Arabia and Qatar is strained.
9. BRICs uniting economically and politically as a standalone force.
10. China expands Yuan/Renminbi as an international currency.
11. China’s China Sea energy tensions with Japan and Vietnam.
12. USA’s position on the China Sea crisis where Japan is concerned.
13. The militarization of Japan.
14. The distinct scent of inflation.
15. General dissatisfaction with answers to questions to Chair Yellen regarding FOMC meeting last week
16. IMF reduced expectations of US economic recovery.
17. US Zombie Banks as defined by banks leveraged generally 30 to 35 times the size of their capital of total OTC derivative exposure.
18. Condition of the flooded municipal bond market.
19. Decline in volume with rise in value of equities, making equity price shadows our reality.
20. Totally irrational exuberance driven by hyper liquidity.
21. Hyper liquidity can become hyper inflation via the velocity of money in a crisis of confidence of the dollar. Therefore hyperinflation will be a currency motivated event.
22. Reaction in the momentum equity leaders of the last 2 years burning a public.
23. Strength of the utilities group which has historical attachment to tops in equity markets.
Old problems:
24. The one quadrillion, one hundred and forty four trillion dollars real size of the OTC derivatives market.
25. Economic underpinning of the dollar in jeopardy as recovery sputters globally
26. Absurd size of the Fed balance sheet and lack of marketability of significant size legacy derivative positions.
27. Taper of QE and little Belgium to the QE rescue.
28. China and Russia on the sell side of the US treasuries.
29. MY RA exposes consideration of invasion of retirement accounts, and GOTS (Get out of the system) as a defense strategy.
30. The huge drop out of the labor pool in the US, making empl
http://www.truthin2010.org/
http://www.wecantpaythattab.org/
Dr. Paul Craig Roberts-A Real Collapse in the Dollar, Gold Could Be $30,000 an Ounce -
Godcorp (NYSE:GG) Chart P&F bullish price objective $43.-/sh 1st Target -
GG Chart Golden Cross Bull Run Started -
GG EnjoY that The most Bulls Live above 200MDA
Goldcorp TA Bull has a long run back UP -
China corners the gold market -
http://www.arabianmoney.net/gold-silver/2014/01/25/china-corners-the-gold-market-like-the-hunt-brothers-goosed-silver-in-1980/
http://www.goldcorp.com
God Bless
Gold stocks are now a much better leverage on investment
dollars than gold –
especially producers with a low production cost -
because their earnings significantly increase -
as the price of gold goes up.
When gold moves higher, look for gold stocks to -
regain some significant ground -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96485010
God Bless
London Gold vaults are empty running on fumes -
THURSDAY, JANUARY 16, 2014
Shortage Of Gold Bars Develops In London - Follow The Money -
http://truthingold.blogspot.ca/2014/01/shortage-of-gold-bars-develops-in-london.html
It appears as if that old adage that a rumor can't be confirmed as being true until its been officially denied several times applies to the London gold bar market, as it was reported last night by a London Metals Exchange reporter that premiums on "good delivery" bars are now above the spot price of gold, something which is rarely observed in London: Gold Bar Shortage In London
Asian and Middle Eastern Central Banks and investors are hoarding an enormous amount of the 400 ounce LBMA "good delivery" bars that make London the largest physical gold trading market in the world. As the price of gold was aggressively manipulated lower by the Federal Reserve and its agent bullion banks since mid-2011, eastern hemisphere sovereign, Central Bank and investment buying - especially the Chinese - intensified.
With negative "gold forward" rates having been negative for a predominant part of the last half of 2013, I was wondering when a shortage of London bars would be reported. A negative "gold forward" rate means that the entity (bullion bank) who is borrowing or leasing the bars today in order to deliver them into buyers will pay more today for the ability to take delivery of bars now than it would cost to buy them for delivery in the London "forward" market - i.e. anywhere from a month to a year from now.
A rare premium for deliverable bars means a shortage of bars for immediate delivery - directly to buyers not using an intermediary like a bullion bank - has developed (as opposed to the GOFO rate, which applies to the brokerage firm intermediaries making markets in bars and who lease gold needed for delivery from Central Banks to deliver into the buyers who are buying from them).
We know that gold being drained from Comex warehouses and the GLD Trust ETF is being used to make good on deliveries into Asia's voracious appetite for deliverable gold. Unless the Federal Reserve (Bank of England and ECB) can tap into new sources of above-ground gold stocks, we could well begin to see delivery defaults.
Over and above the reports of gold shortages from traders and market professionals, there have been other signs of a developing gold bar shortage for several months. Recall the stunt Goldman Sachs pulled about two months ago when it reported in the press that it had reached an agreement with Venezuela to lease Venezuela's physical gold - the gold Venezuela had repatriated in order to safekeep it under its own watch just two years ago. That news item dropped by Goldman turned out to false. Same for the report that Cyprus was going to sell its gold reserves to help pay for its bail-in. That report proved to be false as well.
I always believed that these reports reflected nothing more than desperation by the big bullion banks like Goldman and JP Morgan - as agents for Fed - to get their hands on gold that could be delivered to Asian buyers who demand delivery. Same for the fact it the U.S. refused to give Germany back its gold being held by the Fed as requested and instead agreed to a suspicious deal to ship back part of Germany's gold over seven years.
While I'm sure plenty of skeptics from Australia to New York to will issue well-crafted rebuttals to the view that there is now a shortage of physical gold in London and New York, the report last night that big buyers are paying a premium to get their hands on immediately on physical gold confirms the obvious. Money speaks a lot louder than words in the world of finance - follow the money...
http://harveyorgan.blogspot.ca/
the metal's actual gain or loss in relation to its
average price change—and it's never been this low -
Goldcorp Files Formal Bid for Osisko and Commences Offer -
Date : 01/14/2014 @ 10:07AM
http://ih.advfn.com/p.php?pid=nmona&article=60659777
God Bless
Goldcorp Inc. Investor Presentation Now Available for On-demand
Viewing at RetailInvestorConferences.com
Company invites individual and institutional investors to log-on
to view presentation
NEW YORK, Nov. 11, 2013 /CNW/ -
Goldcorp Inc. (NYSE: GG, TSX: G)
today announced that their November 7th
RetailInvestorConferences.com presentation is now available for on-demand viewing.
LINK:
http://www.goldcorp.com/files/Goldcorp_Corporate%20Update_Nov_v003_z1aa02.pdf
http://www.goldcorp.com/English/Investor-Resources/Presentations/default.aspx
http://www.retailinvestorconferences.com > click on the red "register/ watch event now" button
Goldcorp's presentation will be available for 90 days. Investors may download shareholder materials from the "virtual trade booth" for the next three weeks.
About Goldcorp, Inc.:
Goldcorp Inc. (NYSE: GG, TSX: G) is a leading senior gold producer with eleven low cost operations and three development projects located in politically stable jurisdictions throughout the Americas. The company strives to deliver sustainable prosperity to all its stakeholders and remain firmly focused on the elements that continue to drive its success which includes a focus on quality ounces, cost management, strong balance sheet, developing operations in low-risk jurisdictions and a commitment to sustainability.
Goldcorp is dedicated to responsible gold mining practices and is committed to contributing positively to the sustainable prosperity to all its stakeholders. This means working to conduct its business in a way that ensures lasting social progress and economic growth for individuals, families, communities, partners and the future of Goldcorp.
About RetailInvestorConferences.com:
Since 2010, RetailInvestorConferences.com has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with retail investors using a graphically-enhanced online platform.
Designed to replicate the look and feel of location-based investor conferences, Retail Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network.
SOURCE Goldcorp Inc.
Goldcorp Inc., Lynette Gould, Director, Investor Relations, Lynette.gould@goldcorp.com, 1-800-567-6223, or RetailInvestorConferences.com, Bradley H. Smith, bradley.smith@prnewswire.com, +1.201.942.7157
Caledonia Mining Corporation: Confirmation of Release Date for
Q3 2013 Results
2013-11-07 09:33:07.000
http://www.caledoniamining.com/pdfs/11072013.pdf
Caledonia will also be at Mines and Money London in December.
Subject to any scheduling changes,
Caledonia will present at 10.40am on Monday 2 December.
Caledonia’s management will be available at Booth D5 for
the duration of the conference.
http://www.caledoniamining.com/pdfs/CALPres-09042013.pdf
CALVF significantly increase production capacity to 48,000 ounces of gold per annum
http://www.bus-ex.com/article/caledonia-mining-corporation
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93300346
Caledonia Mining Corporation (CALVF, LON:CMCL, TSE:CAL)
saw production grow by almost 4% quarter-on-quarter in
the three months to September 30.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92761354
http://harveyorgan.blogspot.ca/
http://www.caledoniamining.com/pdfs/CALPres-09042013.pdf
http://www.caledoniamining.com/CALPres09082013.php
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92756235
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92846307
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93117814
God Bless
The Senate has apparently cobbled together a deal that will
end the government shutdown and boost the debt ceiling -
history often repeat itself -
Price of gold after the 2011 debt ceiling deal was struck:
the debt ceiling extension agreement on August 2nd 2011,
gold surged another 17% in 15 trading days after the agreement
was reached.
From August 1st to August 22nd,
gold rose from $1,619/oz to over $1,900/oz.
Why did gold rally, when the threat of a default was gone?
It's because the statutory debt ceiling is more a target than
any real cap on debt.
On August 3, 2011 the national debt of
the United States surged $238 bln.
It was the largest one-day increase in the history of
the United States, sending the debt to GDP ratio
over 100% for the first time since World War II.
In a day, 60% of the new debt ceiling clearance was already gone.
On August 5, Standard & Poor's lowered the credit rating of the
United States from AAA to AA+.
The Budget Control Act of 2011 allowed the debt ceiling to rise
in three incremental steps.
The first was a $400 bln increase that began with presidential
certification of the BCA. The second $500 bln increase occurred
on September 22, 2011 and the third increase of
$1.2 trillion on January 28, 2012 gave us
a debt ceiling of $16.394 trillion.
There was a brief suspension of the debt ceiling
between February and May of 2013 as part of the No Budget,
No Pay Act of 2013.
When the debt ceiling was reinstated, it had to be raised to
the current $16.699 trillion level to accommodate debt
accumulated during the suspension.
So here we are, butted up against the debt ceiling once again.
And I don't know of anybody that's surprised by this reality.
Whatever the deal is that ultimately gets signed by the President,
we'll have our new debt 'target'.
And sure as God made little green apples, we will one day meet and
exceed that 'target' as well.
Caledonia Mining quarterly output rises 4%
By Ian Lyall October 07 2013, 7:59am
Caledonia Mining Corporation (CALVF, LON:CMCL, TSE:CAL)
saw production grow by almost 4% quarter-on-quarter in
the three months to September 30.
Output from its Blanket Mine in Zimbabwe was 12,042 ounces of
the precious metal compared with 11,588 ounces in Q2.
Production for the nine months was 34,103 ounces, a 1.4%
improvement on the same period last year.
Management has said previously Blanket is on course to produce
around 44,000 ounces in 2013, which would be 10% higher
than the previous guidance of 40,000 ounces.
Monday’s update suggests it will meet the revised target.
http://www.caledoniamining.com/pdfs/CALPres-09042013.pdf
http://www.caledoniamining.com/CALPres09082013.php
Nice Caledonia Mining SA article here....
http://seekingalpha.com/article/1720432-caledonia-mining-cheap-is-its-own-reward?source=email_rt_article_readmore
http://www.caledoniamining.com
Gold should logically be priced at a premium to pre-crisis levels
to reflect the increasing inevitability of future monetary
hyperinflation.
That figure today would be somewhere above $1860, which is the
equivalent of the price in July 2008.
Instead it stands at a discount of 32% to its pre-Lehman level,
and therefore appears to be grossly under-priced.
http://www.goldmoney.com/en-gb/news-and-analysis.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92957290
Goldcorp Inc. (GG) DENVER GOLD FORUM 2013
New York Stock Exchange : GG
http://www.denvergoldforum.org/dgf13/company-webcast/GG:US
http://static.gowebcasting.com/documents/files/events/event_00001441_Bs6MJx82.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92526016
http://www.goldcorp.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92530369
God Bless
Chart Of The Day: China Imports Over 2,000 Tons Of Gold In Last Two Years
Tyler Durden's pictureSubmitted by Tyler Durden
on 10/13/2013 11:15 -0400
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/10/China%20Gold%20Imports.jpg
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92887078
Goldcorp Inc. (GG) DENVER GOLD FORUM 2013
New York Stock Exchange : GG
http://www.denvergoldforum.org/dgf13/company-webcast/GG:US
http://static.gowebcasting.com/documents/files/events/event_00001441_Bs6MJx82.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92526016
http://www.goldcorp.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92530369
God Bless
Probably a bad idea. If they killed over 30 million of their own people physically and countless financially, what would be the end result of that "globally"? lmao.. Send in the clowns..
China calls for new global currency
By Joe Mcdonald, AP Business Writer
China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis.
The surprise proposal by Beijing’s central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.
The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."
Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience.
China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing’s estimated $1 trillion in Treasuries and other U.S. government debt.
More…
http://news.yahoo.com/ap-sources-boehner-ask-short-141556127.html
China, EU sign $57bn currency swap agreement .
October 10, 2013, 9:18 am
China’s central bank, the People’s Bank of China (PBC) on Thursday signed a three-year currency swap agreement worth 350 billion yuan ($57 billion) with the European Central Bank (ECB).
“The swap arrangement has been established in the context of rapidly growing bilateral trade and investment between the euro area and China, as well as the need to ensure the stability of financial markets,” said a statement from the ECB.
The currency agreement will be available to all eurozone countries through their national central banks.
It will be valid for three years and will allow the ECB to access up to 350 billion yuan and the PBC to access up to 45 billion euros.
The ECB said from the eurosystem’s perspective it will serve as a backstop liquidity facility.
Trade between Europe and China has doubled since 2003 and is worth more than $1.3 billion a day.
More…
http://abcnews.go.com/Business/story?id=7168919&page=1&singlePage=true
Jim’s Mailbox
Posted October 10th, 2013 at 9:35 AM (CST) by Jim Sinclair & filed under Jim's Mailbox.
Jim,
Bail-ins without an official enactment.
The IMF thinks of charging people a super tax of 10 to 15 percent of the saved money in bank accounts.
You are so right about GOTS!
CIGA Jeroen
http://www.jsmineset.com/2013/10/10/in-the-news-today-1675/
Goldcorp Inc. (GG) DENVER GOLD FORUM 2013
New York Stock Exchange : GG
http://www.denvergoldforum.org/dgf13/company-webcast/GG:US
http://static.gowebcasting.com/documents/files/events/event_00001441_Bs6MJx82.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92526016
http://www.goldcorp.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92530369
God Bless
Goldcorp, Inc. (GG)
Gold Bugs Index - AMEX ($HUI)14 year -
Goldcorp Inc. Denver Gold Forum Presentation 2013 -
http://www.denvergoldforum.org/dgf13/webcast-dgf13/dgf13-day2.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92355019
God Bless
Fa$tlane' on 'PRECIOUS METAL PRODUCERS' thanks,
Maybe reversal is on for sector here. Chances are way better than average -
Silver is often a frontrunner to GOLD -
E.g.,
How Far Up Could Silver Go?
Thursday, September 26, 2013 23:51
Recent trading patterns here have been similar to early 2010 and
this continues to be the case. Back then, lower prices were not
seen again once the bottom was reached and the rally began.
This could very well be the case once again.
A second LT long-term silver chart today because if
this is the final bottom (the long-term support line suggests so) and if
after a prolonged consolidation, we get a rally similar to
2010-2011, we could be looking at a rally to the $77 level.
http://beforeitsnews.com/gold-and-precious-metals/2013/09/how-far-up-could-silver-go-11-2529798.html
U.S. Silver & Gold Inc. (USGIF) Presentations -
September 23, 2013
http://www.us-silver.com/Investors/Presentations/default.aspx
http://www.us-silver.com/Corporate/Overview/default.aspx
http://www.us-silver.com/Home/default.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91786741
Note;
fiat currency created by khazarian gypsy king pin Rothschild
banksters 666 cult -
as a slave 666 currency with only air and paper backing it -
beware soon NO ONE want the paper fiat -
Maybe reversal is on for sector here. Chances are way better than average
Goldcorp Inc. Denver Gold Forum Presentation 2013 -
http://www.denvergoldforum.org/dgf13/webcast-dgf13/dgf13-day2.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92355019
God Bless
Goldcorp Inc. TICKER: G:TSX; GG:NYSE -
Goldcorp is now the world's lowest-cost, million-ounce gold producer.
The acquisition of Wheaton River Minerals Ltd. has increased gold
production, gold reserves and resources and given the company
one of the fastest growth curves in the industry.
It has strengthened Goldcorp's already solid balance sheet and
lowered production costs per ounce even further.
Goldcorp is in excellent financial condition.
It has no debt, a large treasury, strong cash flow and earnings and
pays a dividend 12 times per year.
Goldcorp is completely unhedged.
The Gold Report Interview with Chris Mancini (8/19/13)
"Goldcorp Inc. is in the Good category.
It is building the Cerro Negro project in southern Argentina,
the Éléonore project in northern Quebec (adjacent to Eastmain's
Eau Claire deposit) and an expansion to its
Red Lake mine in Ontario.
So Goldcorp is spending a lot right now, but it has a net-neutral
balance sheet. Once these projects are completed by the middle of
next year, they should generate a lot of cash.
Goldcorp owns 10% of Eastmain, and if it were to finance Eastmain
at reasonable valuations, I think that would be accretive for it."
Barry Allan, Mackie Research Capital (7/26/13)
"Goldcorp Inc. remains our top senior pick with an attractive
growth profile. Compared to the peer group, the company has low
operating costs and is expected to grow production from
2.4 Moz gold in 2012 to 3.85 Moz in 2016. . .
we reiterate our Buy recommendation."
The Gold Report Interview with David H. Smith (6/19/13)
"Companies like Goldcorp Inc. know how to solve problems. . .
[they] are realizing that they have a responsibility to help good
exploration companies keep the doors open.
If all these companies blow away, the feeder stream that nourishes
the large mining companies is going to dry up.
It's like the food chain."
The Gold Report Interview with Tobias Tretter (5/29/13)
"The Guerrero region of Mexico hosts a very famous and very
prospective gold belt.
We will hear about a lot of new companies in the future from this
belt.
Goldcorp Inc. is already producing from
the Los Filos mine in the Guerrero Gold Belt.
Goldcorp has about 13 Moz gold there and is
producing 330 Koz/year right now."
Alec Kodatsky, CIBC World Markets (5/3/13)
"Goldcorp Inc. delivered Q1/13 operational results that were in
line with our expectations in terms of both production and costs;
we think this sets a good tone to the year and leaves the company
on track to hit our 2013 production forecast of 2.6 Moz. . .the
march towards 70% production growth by 2017 carries on.
Goldcorp remains the only senior name in North America that
expects production growth in 2013, has a comfortable degree of
leverage and low political risk."
http://www.goldcorp.com/English/Investor-Resources/Presentations/default.aspx
http://www.theaureport.com/pub/co/23#quote
There's NOTHING that comes close to a GOLD Fever Bull Market!
http://www.youtube.com/watch?v=fir4PseieyQ
Chuck Jeannes, chief executive officer of Goldcorp Inc., discusses
the outlook for gold prices and his company's second-quarter
earnings.
Jeannes speaks with Carol Massar and Matt Miller on Bloomberg
Television's "Street Smart." (Source: Bloomberg)
http://www.bloomberg.com/video/61862754-goldcorp-s-jeannes-interview-about-gold-prices.html
Goldcorp CEO Chuck Jeannes Interview -
http://www.bloomberg.com/video/67142582-goldcorp-ceo-chuck-jeannes-interview.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90833259
http://www.goldcorp.com
God Bless
Goldcorp Inc. (GG) gypsyfiat$26.98 UP 1.91 +7.62%
Volume: 9,498,216 @ 6:43:12 PM ET
Bid Ask Day's Range
- - 25.3302 - 27.03
GG Detailed Quote Wiki
Gold Standard? China reportedly planning to back the yuan with gold -
http://www.youtube.com/watch?v=8K9X58VaBS8
Goldcorp Inc. (GG) fiat$28.91 UP $1.58 +5.78%
Volume: 11,881,881 @ 4:25:44 PM ET
Bid Ask Day's Range
- - 28.26 - 29.29
GG Detailed Quote Wiki
The Shanghai Gold Surprise
The physical gold market continues to develop in the most wonderfully counterintuitive way. While the paper gold price languishes below US$1,300 per ounce, physical demand out of China is now reaching previously unforeseen levels. If you’ve heard this story before, it’s more of the same, except that the demand tonnage is now so high as to be almost comical.
According to data released by the Shanghai Gold Exchange, the amount of gold contracts settled for physical delivery on its exchange reached a staggering 1,098 metric tonnes year-to-date as of the end of June.1 This is an astoundingly large amount of physical gold. For perspective, 1,098 tonnes represents approximately 40% of the entire estimated global gold mine production in 2013. It also represents roughly 1/8th of the US Treasury’s official gold reserves, and over 100% of China’s stated official gold reserves. If the rate of physical delivery on the Shanghai Gold Exchange continues at current levels, it will deliver the equivalent of over 100% of global mine production by the end of this year… all through one exchange.
In contrast, the COMEX futures exchange in New York, where the bulk of US gold futures are traded, saw a measly 160.7 tonnes of physical delivery requests over the same period (year-to-date to June).2 Although the paper volume on the COMEX dwarfs that of the Shanghai Gold Exchange, the level of physical delivery requests is only 15% of that seen in Shanghai.
If the Shanghai data is true, when combined with the gold imports going into China via Hong Kong, we now have a situation where China is buying the equivalent of all global gold mine production produced on a monthly basis. How that can coincide with a gold price drop of US$400 per ounce over Q2 is beyond our capability to explain, but it does mean that China is now the undisputed hub for physical gold.
Interestingly, China’s demand for physical gold does not seem to be benefitting the growth of gold ETF products within the country. Bloomberg recently reported that China’s first two exchange-traded funds backed by bullion both had disappointing debuts, with Huaan Asset Management Co. reportedly raising only $195 million out of an expected $400 million at launch.3 Although the press has naturally concluded that this news indicates waning gold demand in China, we can’t help but think it shows that China’s gold interest is primarily focused on the physical metal, as opposed to financial products that trade on exchange. Certainly if the time ever comes where the physical gold market sets price discovery for the gold price (as opposed to the futures market) it seems highly likely that the first place that will happen now is within Shanghai itself.
Whether there’s a link between China’s increasing physical gold deliveries and the drop in gold inventories within the COMEX and GLD ETF remains to be seen, but whoever is supplying China’s gold appetite is supplying it in size. Despite gold’s lackluster price performance, these developments strongly suggest we could be in for an interesting summer in the weeks ahead. Gold is a finite resource - if China’s current purchase rates continue, it is going to own a significantly large proportion of global gold reserves.
1 http://www.bloomberg.com/news/2013-07-15/gold-deliveries-from-shanghai-bourse-jump-on-physical-demand-1-.html
2 Bloomberg
3 http://www.bloomberg.com/news/2013-07-19/china-s-first-gold-exchange-traded-funds-miss-funding-targets.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90144073
God Bless
Wow!! 21.39 support and looking explosive!!! GG is ripe for the taking here. Hold that support and sit on it imo.
Source: Canaccord March 12, 2013
Goldcorp (GG : NYSE, G : TSX | BUY, Target US$51.00)
Investor Day highlights solid development pipeline and strong
exploration upside
We reiterate our BUY rating on Goldcorp following the company’s
Annual Investor Day held in Boston on March 8, 2013.
Goldcorp shares continue to offer growth at a reasonable price,
in our opinion.
Goldcorp remains our preferred senior producer based on its
superior high-grade, low-cost growth profile, supported by the
ramp-up of Pueblo Viejo and new production from Cerro Negro,
Eleonore and Cochenour.
Investment highlights
Management remains comfortable with its guidance for 2013,
i.e., 2.55-2.8 Moz at by-product cash costs of $525-$575/oz.
Costs are higher in 2013 due largely to lowgrade phases at
Penasquito and Alumbrera and the start-up year at Pueblo Viejo.
Beyond Pueblo Viejo (now in production), the three development
projects fuelling the production growth over the next few years
include Cerro Negro, Eleonore, and Cochenour.
Goldcorp remains focused on quality growth, low political risk and
maintaining a strong balance sheet. On this front, Goldcorp filed
on SEDAR a Short Form Base Shelf Prospectus dated March 7, 2013,
for the issuance of up to $1.5 billion in debt securities
within 25 months.
We have reviewed our valuation profile of Pueblo Viejo and have made
changes to our assumptions;
namely reconciling cash costs closer to guidance, adjusting our
long term operational cost estimates and the inclusion of copper in
our profile (a byproduct credit of approximately $60/oz).
Our valuation of Pueblo Viejo has declined by
approximately $1/sh, offset by other model changes.
Our 2013 EPS estimate has been revised to $2.19 from $2.14.
Valuation
Our target price remains unchanged at US$51.00 based on 1.0x
our 5%/peak NAVPS estimate of US$50.46 (from US$50.62).
Upcoming potential catalysts
Final permit and first production from Hollinger open pit (Q1/13E)
Cerro Blanco feasibility study (H1/13E)
First gold production from Cerro Negro (Q4/13E)
Completion of the Red Lake – Cochenour haulage drift (Q1/14E)
First gold production from Eleonore (Q4/14E)
First gold production from Cochenour (H2/15E)
Investment risks
The typical risks associated with any mining investment include
commodity and exchange rate risk, permitting and technical
(development/operating) risk.
Investors considering an investment in Goldcorp should consider the
risks associated with the ramp-up of Penasquito and development of
Pueblo Viejo, Cerro Negro, Eleonore and other development projects
in the company's portfolio. ## end copy ---
2013 Wisdom Jim Rogers Financial Advice & Predictions on Gold, Silver ....
Gold miners should hold gold instead of dollars
by David Baker:
CALVF Blanket Mines - Gold - Spot Price (EOD) / Euro - Philadelphia ($GOLD:$XEU) wkly chart TI RSI & Stochastic in Buy Zone -
CALVF Latest Presentation -
http://www.caledoniamining.com/pdfs/CALPres-01142013.pdf
According To The Bretton Woods Calculation, Gold Is Worth $20,000 Per Ounce
Read more:
http://feedproxy.google.com/~r/dailyreckoning/~3/fW19Pvbxkw4/#ixzz2IEFZK5sL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83586454
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83521370
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83409542
God Bless
Quebec gold producer Aurizon Mines seeks better offer than $780-million bid by Alamos Gold[t][/t]
BY ROBERT GIBBENS, SPECIAL TO THE GAZETTE JANUARY 23, 2013
MONTREAL — Quebec gold producer
Aurizon Mines Ltd.
said Wednesday a $780-million cash-and-stock bid from Toronto-based
Alamos Gold Inc. is “opportunistic” and too low and
it is seeking a better offer elsewhere.
It has adopted a standard shareholder rights plan to gain time to
find a white knight to improve on Alamos’s $4.65-a-share offer,
which is open for 35 days. Alamos already owns 16 per cent of
Aurizon.
Aurizon said the Alamos bid fails to compensate
shareholders for the
true value of their assets and contains geopolitical and
development risks. “The board is exploring the full range of value-
maximizing alternatives.”
Alamos’s only producing mine is in Mexico and it has development
properties in Turkey and elsewhere.
Putting its assets with the
debt-free Aurizon and its Casa Berardi mine (140,000 ounces
annually) in northwestern Quebec would create an intermediate gold
producer with annual output of more than 300,000 ounces, it argues.
Aurizon is developing more reserves at Casa Berardi and also has a
future gold mine to the southwest and several development
properties in the same area near Rouyn-Noranda.
Several analysts rated the possibility of a counterbid as slender.
Brian Quast, analyst with BMO Capital Markets, expects the Alamos
bid to succeed in its current form.
Aurizon shareholders meet March 7 to vote on the shareholder
rights plan.
Aurizon shares traded at $4.74, down 0.2 per cent, early Wednesday.
Read more:
http://www.montrealgazette.com/Quebec+gold+producer+Aurizon+Mines+seeks+better+offer+than+million+Alamos+Gold/7860569/story.html#ixzz2JLvkofiB
I see 52 dollars or a pinch better.. Maybe 55 before the next potential reversal. GG Ithis analysis is based only on the daily and weekly. There might be larger forces at work here but stops can be set to break even and all will be happy still imo.
Goldcorp Inc. (GG) Chart Bullish -
A comparison of the managements performance a must -
if you want to ride with a winner or loser?
its often repeat itself -
E.g.,
Major Gold producer GG EPS - $1.76 P/E 21.10
vs. ex.
Penny Gold producer CALVF EPS $0.02 P/E 5.00
NO DEBT - dd....
http://www.businessinsider.com/the-path-to-20000-gold-2013-1
God Bless
Tasiast one of world's 'great new gold mines' -- Kinross chief
I believe it.. Gotta hold 1600 for the year imo.
Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says
http://www.businessweek.com/news/2012-11-13/gold-to-advance-to-2-000-on-money-printing-deutsche-bank-says
Goldcorp Latest Presentation
http://www.goldcorp.com/English/Investor-Resources/Presentations/default.aspx
http://www.goldcorp.com/files/Goldcorp_Corporate%20Update_Oct_v001_m91257.pdf
Goldcorp GG chart TA Alert AuBull Going UP
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79251392
I think I saw a few splits as well. Thank you.. Nobody wants to hear it from somebody that they know. Might explain dysfunction in Washington as well.
From Jim Sinclair...
My Dear Extended Family,
If you have eyes to see, coordinated central bank monetary and
fiscal stimulation action is taking place.
Yesterday was "Draughi Day." Today the Chinese officially released
massive fiscal stimulus on top of the already monetary stimulus.
Watch for the US Fed to chime in.
QE to infinity MOPEd as sterilized is falling into place.
Please review my post from last weekend to you on the illusion
of monetary sterilization.
Gold is going to and through $3500.
The approach some long term gold bulls took toward gold,
initiating a temporary short directly after Labor Day, is now
in the process of backfiring badly.
Regards,
Jim
My Dear Extended Family,
Monty Guild, a friend of mine for more than forty years, is the
most honest and capable man, in my opinion, in money management.
I respect Monty's feelings on many matters, certainly the macro
picture.
Monty, like I, believe it is possible that coordinated central
bank actions in the USA, EU, Japan and China are being discussed.
The economic problems are so severe, so international, so global,
so entwined, so insoluble and still caused primarily by the greed
of 1990 to present finance in the form of OTC derivatives that
only coordinated global action can kick this can one more time.
Gold is truly going to and through $3500.
The gold business is the best business to be in.
Respectfully,
Jim
Death of the Dollar -
MACD thanks, I did dd....
http://tmx.quotemedia.com/article.php?newsid=53516952&qm_symbol=LODE:US
Note. still no production - still a debt issue -
total market cap above $100 mil. -
Comstock, Nevada is famous for old
great silver mines but
I do pref.
silver producer in production
ex....
USGIF, U.S. Silver & Gold -
http://tmx.quotemedia.com/quote.php?qm_symbol=USA
compare also ex....
CAL/CALVF
http://tmx.quotemedia.com/quote.php?qm_symbol=CAL
Note. gold production above 40.000oz/year - NO DEBT -
earning 4 penny/sh total market cap below $50 mil. -
still have about $20 mil cash -
a production facility running @ half capacity -
1000 workers - own many old mines to expand to -
producing GOLD for less than $600.-/oz -
have some of lowest labour cost in the world and
low taxes compared to US and still out of the obama
long arm to confiscate gold etc. as dems done in 1934 -
I trust even Mugabe 88yrs old who has cancer etc. -
and the p.minister Morgan who got majority of
votes in last election is a US friend etc.
have a good weekend
Hey, I have a family member that went all in on $LODE it is a mining stock in the gold sector.
I would love to hear any thoughts that you might have on this one. I posted some links here...
links
Goldcorp analyst tour to highlight continued strength at Red Lake
http://ih.advfn.com/p.php?pid=nmona&article=54050581
Over the remainder of 2012, the Company will continue to
evaluate the impact on
Red Lake's long-term production profile of timing issues in
accessing High Grade Zone reserves as well as continued grade
variability in the Footwall Zone.
Until further study of these issues has advanced, the range of
production expectations for Red Lake beyond the current year
should reflect production similar to the range provided for
2012 of between 460,000 and 510,000 ounces.
During the first half of 2012 gold production was
218,200 ounces at cash costs of $568 per ounce and
the mine remains on track to achieve 2012 production guidance.
Extending the High Grade Zone
During the second quarter of 2012, successful drilling results continued from Red Lake's 4199 exploration ramp.
Numerous intercepts have confirmed the extension of consistent high grade mineralization between levels 52 and 55.
Drilling is also indicating the presence of high grade intercepts deeper at the 57 level.
Exploration of New Zone
New drill results in an unexplored area west of the High Grade Zone have outlined a new zone above the 52 level, which remains open vertically and to the west.
As a result of the success of this drilling an exploration drift is being developed near the 47 level to access to allow for better drilling of this new structure.
This area will be a focus of drilling over the remainder of the year as it has the potential to increase mining flexibility due to proximity to existing infrastructure.
Cochenour - Construction and Development Progressing
A key component of the Company's overall optimization plan to
sustain the Red Lake operation is the development of the
Cochenour project.
Located five kilometers from the Red Lake gold mine, the
Cochenour project has continued to advance.
Widening of the historical Cochenour shaft has reached 108
metres to a total depth of 342 metres.
The five kilometer haulage drift that will transport ore from
the Bruce Channel to Red Lake's existing Campbell milling
facilities has advanced to 57% completion.
Progress has advanced as expected and is on track to be 66%
complete by year-end.
A study of the overall project, which will provide updated
project costs and timing of first gold, is currently underway
and expected to be complete in the third quarter.
The study incorporates changes in the mine design and
development resulting from exploration results obtained
over the past two years.
Red Lake
Red Lake Gold Mines (RLGM) is composed of two operating
complexes: the Red Lake and the Campbell Complex.
Situated in one of the world's most prolific gold producing
regions, RLGM has produced 20 million ounces since 1949 and it
continues to be one of the highest-grade gold mines and lowest
cost producers in the world.
RLGM is also the largest gold mine in Canada.
The High Grade Zone alone has averaged more than
two ounces of gold per ton.
Cochenour
The Cochenour Project combines the existing workings of the
historic Cochenour mine with the Bruce Channel gold discovery.
The Cochenour/Bruce Channel deposit is located down dip from
the historic Cochenour mine and is a key component of
Goldcorp's consolidation plans in the Red Lake district.
Goldcorp is one of the world's fastest growing senior gold
producers.
Its low-cost gold production is located in safe jurisdictions
in the Americas and remains 100% unhedged.
The scientific and technical information concerning Goldcorp's mineral properties contained herein is based upon information prepared by or under the supervision of Maryse Belanger, Vice President, Technical Services of Goldcorp who is a "qualified person" within the meaning of National Instrument 43-101.
Goldcorp Incorporate (GG) fiat$39.59 UP $1.17 +3.05%
Volume: 3,089,294 @ 12:33:43 PM ET STRONG DEMAND
Bid Ask Day's Range
- - 39.15 - 40.14
GG Detailed Quote Wiki
GG Short Squeeze the 666 -
ussr fema-gulags copycatz banksters cult -
http://shortsqueeze.com/?symbol=gg&submit=Short+Quote%99
BIX WEIR Q's Answered: -- The Future -
Aurico Gold Inc. Ord (AUQ) fiat$8.61 UP $0.43 +5.26%
Volume: 2,327,576 @ 3:59:51 PM ET Strong Demand
Bid Ask Day's Range
- - 8.21 - 8.61
AUQ Detailed Quote Wiki
AuRico Provides Update on the Young-Davidson Mine
Operations Advancing to Commercial Production
http://www.auricogold.com/
http://www.marketwatch.com/story/aurico-reports-35-increase-in-production-from-north-american-assets-2012-04-11-3000
Goldcorp Reports 2012 First Quarter Results
http://www.goldcorp.com/Investor-Resources/News/News-Details/2012/Goldcorp-Reports-2012-First-Quarter-Results1129146/default.aspx
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, April 25, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G), (NYSE: GG) today reported that adjusted net earnings1 in the quarter
increased to $404 million, or $0.50 per share, compared to $392
million, or $0.49 per share, in the first quarter of 2011.
Reported net earnings were $479 million compared to $651
million in the first quarter of 2011.
Operating cash flows before working capital changes2 were
$480 million.
Gold production totaled 524,700 ounces at a total cash cost3 of
$251 per ounce.
First Quarter 2012 Highlights
Revenues increased 11% to $1.3 billion on gold sales of
545,700 ounces.
Operating cash flow before working capital changes increased 4% to
$480 million or $0.59 per share.
Adjusted net earnings increased 3% over the 2011 first quarter, to
$404 million or $0.50 per share.
Cash costs totaled
$251 per ounce on a by-product basis and $648 per ounce on
a co-product basis.
Dividends paid amounted to $109 million.
Quarter-end cash balance of
$1.4 billion; net cash position of $0.5 billion4.
High Pressure Grinding Roll ("HPGR") supplemental feed system commissioned at Peñasquito.
"Solid operating results throughout most of our mine portfolio
were offset by a challenging first quarter at
Red Lake," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"Adverse ground conditions at Red Lake delayed the development
of new mining faces in the High Grade Zone which, taken
together with lower grade in other areas of the mine,
led to our slow start to 2012.
Our Mexican operations were a particular area of strength in
the first quarter, highlighted by the successful commissioning
of the final component of Peñasquito's processing line which
positions the mine for strong performance over the balance of 2012.
"The pace of construction and development activities at our
growth projects remained impressive in the first quarter
as well.
The Pueblo Viejo joint venture in the Dominican Republic is
nearing completion and set to be our next source of new gold
production in mid-2012.
The Cerro Negro project in Argentina continues to progress
toward expected initial gold production in the second half
of 2013, and ongoing exploration success there is enhancing
the prospects for additional gold reserve growth.
In Canada, construction remains on track at Éléonore for late
2014, which is expected to become one of the country's largest
new underground gold mines.
The 2014 planned completion of the Cochenour project in
Red Lake, Ontario will supplement Red Lake's production profile
with sustained, low-cost production and the potential for
new exploration success in this world-class camp."
http://www.goldcorp.com
http://tmx.quotemedia.com/article.php?newsid=50679326&qm_symbol=G
Wow NYBob you been busy on this board. If your looking for gold producers check out Starcore International Mines. SAM- TSX or SHVLF-OTC. A little unknown profitable co. No debt and gold hedge ending in less then a year.
Woodtick
LSG Enters Agreement for Credit Facility of Up to $70 Million
With Sprott Resource Lending Partnership -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74300635
http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Enters-Agreement-for-Credit-Facility-of-Up-to-70-Million-With-Sprott-Resource-Lending-Partnership1128978/default.aspx
http://www.lsgold.com/Theme/LakeShore/files/doc_presentations/LSG_BMOconference_2012_02_28_v001_l3814g.pdf
http://www.lsgold.com
http://tmx.quotemedia.com/article.php?newsid=50226849&qm_symbol=LSG
God Bless
Goldcorp declares fourth monthly dividend payment for 2012
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All dollar amounts in United States dollars (US$))
VANCOUVER, April 2, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G) (NYSE: GG) is pleased to declare its fourth monthly dividend payment for 2012 of $0.045 per share.
Shareholders of record at the close of business on Thursday, April 13, 2012 will be entitled to receive payment of this dividend on Friday, April 20, 2012.
Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends.
All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the world's fastest growing senior gold producers.
Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States ---- are included in this document, except in accordance with applicable securities laws.
SOURCE Goldcorp Inc.
http://tmx.quotemedia.com/article.php?newsid=49967536&qm_symbol=G
GG let's compare performance -
God Bless
Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year
Toronto Stock Exchange: G
New York Stock Exchange: GG
http://www.goldcorp.com/Investor-Resources/News/News-Details/2012/Goldcorp-achieves-record-revenues-and-cash-flow-gold-reserves-increase-for-eighth-consecutive-year1128256/default.aspx
(All Amounts in $US unless stated otherwise)
VANCOUVER, Feb. 15, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G, NYSE: GG) reported fourth quarter gold production of
687,900 ounces at a total cash cost1 of $261 per ounce,
leading to record revenues of $1.5 billion and operating cash
flows before working capital changes2 of $831 million.
Reported net earnings in the quarter were $405 million compared
to $560 million in the fourth quarter of 2010.
Adjusted net earnings3 were $531 million, or $0.66 per share,
compared to $431 million, or $0.59 per share, in the fourth
quarter of 2010.
Fourth Quarter 2011 Highlights
Revenues increased to $1.5 billion, on gold sales of 685,000 ounces.
Record operating cash flows before working capital changes
totaled $831 million or $1.03 per share.
Adjusted net earnings totaled $531 million, or $0.66 per share.
Total cash costs were $261 per ounce on a by-product basis.
Co-product cash costs totaled $529 per ounce.
Dividends paid amounted to $91 million.
Dividend increased 32% to $0.54 per share.
Certificate of Authorization was issued for the Éléonore project
in Quebec allowing full construction to commence immediately.
Received approval of amended Environmental Impact Assessment at
the Cerro Negro project in Argentina.
Entered into a $2 billion senior revolving credit facility,
replacing the existing $1.5 billion facility.
Full-Year 2011 Highlights
Revenues increased 43% over 2010, to a record $5.4 billion
driven by gold sales of 2.5 million ounces.
Adjusted net earnings increased 70%, to a record $1.8 billion,
or $2.22 per share.
Record operating cash flows before working capital changes
totaled $2.7 billion or $3.35 per share.
Total cash costs were $223 per ounce on a by-product basis and
$534 per ounce on a co-product basis.
Dividends paid amounted to $330 million.
Proven and probable gold mineral reserves increased 8% to 64.7
million ounces; 6% on a per share basis.
"Strong, low-cost gold production and another year of gold
reserve growth provided a great finish to another solid year
for Goldcorp," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"Our record performance is the result of strength throughout
the mine portfolio, as demonstrated by sustained operational
excellence at Los Filos in Mexico, which led to a record year
at this important operation.
Marlin in Guatemala had a particularly strong quarter and year
as mining in the final, higher grade portions of the open pit
were completed and the mine successfully transitioned to an
exclusively underground operation.
In addition, Red Lake in Ontario finished with a strong quarter
for the year, highlighting the continued strength of this
flagship operation.
"At Peñasquito in Mexico, approximately $360 million in cash
flow from operations was generated in just its first full year
of commercial production illustrating the growing power of this
operation to drive our results for many years to come.
Mechanical work on the final phase of throughput ramp-up is in
commissioning and we are on track to reach average throughput
of 130,000 tonnes per day by the end of the current quarter as
forecasted.
"Stability throughout the mine portfolio, led by planned gold
production growth at Peñasquito of over 65% in 2012, leaves us
well-positioned to achieve overall production guidance this
year of 2.6 million ounces of gold at what we expect to be
the lowest cash costs in the senior gold sector.
Beginning in 2012, the first of four major new sources of gold
production is expected to come on line that will drive a
70% increase in overall gold production by 2016.
New gold production of approximately 85,000 ounces is forecast
to Goldcorp's account at the Pueblo Viejo joint venture in
the Dominican Republic in 2012, followed by first gold at
Cerro Negro in Argentina in 2013.
Initial gold production is also expected at two new Canadian
pure gold projects in 2014:
Cochenour in Red Lake, Ontario and Éléonore in Quebec.
Each of these growth projects is permitted and construction
is progressing according to plan, supporting our expectations
of a very achievable path to 4.2 million ounces of gold
production in 2016."
2011 Marks Eighth Consecutive Year of Reserve and Resource Growth
The Company also announced today that proven and probable
gold mineral reserves increased by 8% to 64.7 million ounces,
the eighth consecutive year that Goldcorp has increased gold
reserves.
Measured and indicated gold mineral resources increased 10%
to 28.2 million ounces in 2011.
Proven and probable silver mineral reserves totaled 1.2 billion
ounces and measured and indicated silver mineral resources
totaled 418 million ounces, representing one of the largest
silver reserves in the industry.
Overall gold reserve growth was driven by exploration success
at Cerro Negro, Los Filos and Porcupine.
"Strong growth in reserves and resources in 2011 once again
highlights the continued success of Goldcorp's focused
exploration programs, which discovered new gold reserves at
a cost of approximately $14 per gold ounce," added Jeannes.
"The consistent ability of Goldcorp to increase the amount
of gold reserves represented by each of our common shares
represents true leverage to the gold price.
In 2011, gold reserves increased 6% on a per share basis."
Complete mineral reserve and mineral resource data including
tonnes, grades and ounces is available at
http://www.goldcorp.com
The following summary accounts for the changes in gold ounces year over year:
Proven and probable reserves as of January 1, 2011
Mined ounces during 2011 (including mining depletion)
Net discovered ounces and converted resources during 2011
Net changes due to metal prices/engineering
Proven and probable reserves as of January 1, 2012 60.1
(3.4)
6.2
1.8
64.7 moz
moz
http://tmx.quotemedia.com/article.php?newsid=48487251&qm_symbol=GG:US
Goldcorp secures construction permit for Cerro Negro project
December 16, 2011
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Dec. 16, 2011 /CNW/ -
GOLDCORP INC.
(TSX: G, NYSE: GG) today announced the approval of the
amended Environmental Impact Assessment (EIA) by Provincial
authorities in the province of Santa Cruz for the development
and construction of the Cerro Negro gold project, a high-grade
deposit located on the low-elevation Patagonian plains of
southern Argentina.
With production expected to average approximately 550,000
ounces of gold in its first five full years in production,
Cerro Negro is well-positioned as Goldcorp's next
cornerstone gold mine.
"The receipt of approvals following a straightforward permitting
process with the Santa Cruz provincial authorities is a major
milestone," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"The Cerro Negro team will now immediately advance full
construction and continue what has been an impressive pace
of development progress.
Cerro Negro's low capital cost and cash flow-accretive gold
production beginning in 2013 forms an important component
of Goldcorp's peer-leading five-year growth profile.
Moreover, significant vein extensions and new vein discoveries
underscore the potential for further expansion of the long-term
production profile at this exciting project."
The approval of the amended EIA allows for construction of the
plant with throughput increased from 1,850 tonnes per day to
4,000 tonnes per day and the concurrent development and
mining of three underground vein deposits:
Eureka, Mariana Central and Mariana Norte.
Development of Eureka has advanced on schedule, and development
of Mariana Central and Mariana Norte will now commence
immediately.
In conjunction with an investor tour, the Company provided
an update of development and 2011 exploration highlights on
December 5, 2011.
The release is available under the 'Investor Resources-News'
section at
http://www.goldcorp.com
Goldcorp is one of the world's fastest growing senior gold
producers.
Its low-cost gold production is located in safe jurisdictions
in the Americas and remains 100% unhedged.
http://www.goldcorp.com/Investor-Resources/News/News-Details/2011/Goldcorp-secures-construction-permit-for-Cerro-Negro-project1127683/default.aspx
http://www.goldcorp.com
Goldcorp declares twelfth monthly dividend payment for 2011 -
Toronto Stock Exchange: G New York Stock Exchange: GG
(All dollar amounts in United States dollars (US$))
VANCOUVER, Dec. 5, 2011 /CNW/ -
GOLDCORP INC.
(TSX: G) (NYSE: GG) is pleased to declare its twelfth monthly
dividend payment for 2011 of $0.045 per share.
http://tmx.quotemedia.com/article.php?newsid=46636209&qm_symbol=G:CA
http://www.goldcorp.com
Shareholders of record at the close of business on Friday, December 16, 2011 will be entitled to receive payment of this dividend on Friday, December 23, 2011. This payment reflects a 32% increase in the Company's annual dividend announced on December 5th, 2011, the third increase in the Company's dividend in the last 13 months. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Goldcorp increases monthly dividend -
Toronto Stock Exchange: G New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Dec. 5, 2011 /PRNewswire/ -
GOLDCORP INC.
(TSX: G, NYSE: GG)
announced today that its Board of Directors has authorized
a 32% increase in the annual dividend to $0.54 per common share.
http://www.goldcorp.com
http://tmx.quotemedia.com/article.php?newsid=46614245&qm_symbol=G
This is the third increase in the Company's dividend in the last 13 months. The increase is effective immediately and will be reflected in our dividend payable to shareholders of record as of December 16, 2011 which will be increased to $0.045 per common share. Goldcorp is the only gold producer to pay a monthly dividend.
"This action underscores Goldcorp's unique ability to generate the cash flows necessary to both invest significantly in the strongest growth profile in the gold sector and to provide regular dividend growth for the benefit of our shareholders," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "We will continue to review dividend levels at regular intervals in the future."
Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
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