Published on Jul 17, 2014 A group of five countries has launched its own development bank to challenge the U.S.-dominated World Bank and International Monetary Fund. Leaders from the so-called BRICS countries — Brazil, Russia, India, China and South Africa — unveiled the New Development Bank at a summit in the Brazilian city of Fortaleza. The bank will be headquartered in Shanghai. Together, BRICS countries account for 25 percent of global GDP and 40 percent of the world's population.
Make your stocks to be on a more level playingfield -
E.g., ME GOLD Price Here Is The Roadmap To More Fair Market Value -
banks use your shares to short sell -
demand your share certificate - its a DEED of ownership -
the bank can NOT use your share to short sell - and has to buy back and cover a done short sell -
it gives a higher more fair ME share price and a more level playing field for all Long TEAM ME Shareholders -
Note. the 666 banksters shorts start to dive for cover :-) - the more ME shareholders ask for certificates - the more short sellers going to dive for cover - TIA
Goldcorp Announces Third Quarter Operating and Financial Results - TSX: G NYSE: GG (All Amounts in $US unless stated otherwise) VANCOUVER, Oct. 30, 2014 /PRNewswire/ -
GOLDCORP INC. (TSX: G, NYSE: GG) today reported adjusted quarterly revenues1 of $1.1 billion, generating adjusted net earnings1,2 of $70 million, or $0.09 per share, compared to adjusted net earnings of $190 million, or $0.23 per share, in the third quarter of 2013.
Adjusted operating cash flow1,3 was $399 million, compared to adjusted operating cash flow of $375 million in the third quarter of 2013.
The Company also announced the on-schedule commencement of gold production at the Éléonore mine in Quebec, including first gold poured on October 1, 2014.
The Company reported a net loss for the quarter of $(44) million, or $(0.05) per share compared to net earnings of $5 million, or $0.01 per share, in the third quarter of 2013. Both reported earnings and adjusted earnings were negatively impacted by a $36 million, or $0.04 per share, non-cash reduction in the value of low-grade stockpiles at Peñasquito.
Third Quarter 2014 Highlights
Gold sales1 of 641,400 ounces on gold production1 of 651,700 ounces.
Adjusted revenues of $1.1 billion.
All-in sustaining costs of $1,0661,4 per ounce.
Adjusted net earnings of $70 million, or $0.09 per share.
Adjusted operating cash flow of $399 million.
Dividends paid of $122 million.
Ramp–up at Cerro Negro in Argentina and Éléonore in Quebec progressing on schedule.
Goldcorp's Éléonore Gold Mine achieves first gold production - TSX: G NYSE: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Oct. 2, 2014 /CNW/ -
GOLDCORP INC. (TSX: G, NYSE: GG) announced today that first gold production has been achieved at Éléonore, located in the James Bay region of Northern Quebec.
"Following a four year development period I am pleased to announce first gold production at Éléonore, on schedule and in line with our capital cost guidance," said Chuck Jeannes, Goldcorp President and Chief Executive Officer.
"The team has done a tremendous job bringing this mine into production safely, in partnership with the Cree Nation of Wemindji, the Grand Council of the Crees of Eeyou Istchee / the Cree National Government (GCC(EI)/CNG) and our suppliers and contractors from Quebec.
Located in one of the most attractive mining jurisdictions in the world, the project during its development stage created 2,000 jobs in the province of Quebec and approximately 900 of these will be maintained as we move towards full production.
Éléonore is expected to ramp-up to design throughput of 7,000 tonnes per day by 2018."
On October 1, the initial dore bar was poured containing an estimated 70 ounces of gold recovered from the gravity circuit.
Commissioning of the remainder of the plant is underway with gold production from the leaching and CIP circuit expected in October.
Overall, progress at the mine remains on track for declaration of commercial production in the first quarter of 2015.
Production for 2014 is expected to be between 40,000 and 60,000 ounces of gold.
Capital costs remain unchanged at between $1.8 and $1.9 billion.
Goldcorp is one of the world's fastest growing gold producers.
Its low-cost gold production is located in stable jurisdictions in the Americas and remains 100% unhedged.
The Swiss National Bank (SNB) could soon be obliged to begin acquiring gold because of a very specific question posed by a referendum.
On Sunday, November 30th, 2014, the Swiss will go to the polls to vote their response to a question titled “Save Our Swiss Gold”. If this were approved it would require the SNB to:
Hold 20% of its reserves in gold. Repatriate any gold it holds outside its borders. Cease selling any gold. The latest poll suggests that of those voters that were surveyed the opinion is as follows:
YES 42 percent…Leaning to YES 11 percent i.e. 53 percent
NO 39 percent…leaning to NO 5 percent i.e. 44 percent
UNDECIDED 3 percent
Source: gfs.bern in partnership with Swiss broadcaster SRG
Over the past few years the SNB has been an active seller of the precious metal to the extent that gold as a percentage of Switzerland’s foreign reserves has fallen from 29.0 percent in 2006 to 1,040 tonnes or 7.8 percent in September 2014. (Source: SNB Monthly Bulletin and World Gold Council)
The referendum is the initiative of Luzi Stamm, Vice President of the Swiss People’s Party, (SVP). The view is that the world may be destined to live in an environment of zero-bound interest rates for considerably longer than has previously been envisaged and that gold should become a core holding of the nation once again. Unlike currencies such as the Dollar (USD), Euro (EUR), Sterling (GBP) or Yen (JPY) it cannot be manipulated by asset purchases that inflate central bank balance sheets.
This stance places the SVP at odds with the Swiss Parliament who have rejected the by a large majority. They have suggested that the value of gold as a tool of monetary policy has lost its potency.
The campaign has been playing to voters emotions by highlighting facts such as:
The SNB has sold one tonne of gold per day during the past five years? The SNB have misread the market and sold 1550 tonnes for relatively cheap prices ranging from USD 300/Troy Ounce and USD 500/Troy Ounce. Close on Friday, October 24th 2014 USD 1231.8/Troy Ounce Perhaps what is of greatest concern is that the current government appear to be blissfully ignorant of where Swiss gold is located. When asked where the SNB gold reserves are currently stored, a spokesperson for the Federal Department of Finance answered in parliament:
U.S. Mint Gold Coin Sales Near 60,000 - "Islamic State, Ebola, Putin, Ukraine" and Swiss Gold Initiative - GoldCore's pictureSubmitted by GoldCore on 10/29/2014 13:59 -0400
News 
Market Data 
Discover 
AI
