Updates on Previous Picks
Goldcorp (GG) is also on the Watch List. Wait for this short pick to run back up to $25 to get a better entry. So far, that hasn't happened.
11. November 2024, 07:13
Updates on Previous Picks
Goldcorp (GG) is also on the Watch List. Wait for this short pick to run back up to $25 to get a better entry. So far, that hasn't happened.
Elsewhere, BMO Capital Markets was busy switching ratings in the mining patch. Gold Fields (GFI) received an upgrade to outperform from market perform, but Goldcorp (GG), Teck Cominco (TCK), Freeport-McMoRan Copper & Gold (FCX) and Century Aluminum (CENX) were all dropped to market perform from outperform.
DALLAS, Jun 11, 2007 (BUSINESS WIRE) -- Pacific Gold Corp. (PCFG: pacific gold corp com) has been rated "Speculative Buy" with a target price of $0.90 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
Anyone interested in receiving alerts regarding Pacific Gold Corp. research should email members@beaconequityresearch.com with "PCFG" in the subject line.
In the report, the analyst writes, "Pacific Gold's business is identifying, acquiring, and developing proven, undeveloped mineral deposits in the western US. The Company is focused on gold as well as base metals such as tungsten and uranium. PCFG owns and operates five subsidiaries that control several thousand acres of mineral leases and mining claims in Nevada, Oregon and Colorado.
"PCFG plans to grow by purchasing or leasing existing mineral deposits across North America. According to management, with the acquisition of Project W, a large tungsten-based deposit, the Company had achieved approximately 55% of its goal in August 2005. To date, the gross value of PCFG's estimated gold, tungsten, vanadium and uranium resources approaches $1.7 billion, which make us to conclude that the 2009 target could be achieved."
Other companies in the gold production market include Barrick Gold Corp (ABX: Barrick Gold Corporation) , Gold Corp (GG: goldcorp inc new com) and Newmont Mining (NEM: Newmont Mining Corporation) .
VANCOUVER, BRITISH COLUMBIA, Jun 11, 2007 (MARKET WIRE via COMTEX) -- (All dollar amounts in United States dollars (US$)) -
GOLDCORP INC. (CA:G) (GG: goldcorp inc new com) is pleased to declare its sixth monthly dividend payment for 2007 of $0.015 per share. Shareholders of record at the close of business on Friday, June 22, 2007 will be entitled to receive payment of this dividend on Friday, June 29, 2007.
Pursuant to new tax legislation, 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 lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas.
Goldcorp sets initial resource estimate at Eleonore - MarketWatch
Goldcorp increases reserve estimates at Penasquito - MarketWatch
Goldcorp Inc. (GG: goldcorp inc new com) announced a signiciant increase to reserves at its Penasquito project in Zacatecas, Mexico and released an initial resource estimate for the Eleonore project in Quebec. The Vancouver gold mining company said proved and probable gold reserves at Pensaquito are up 31% to 13 million ounces, while proven and probable silver reserves are up 50% to 864 million ounces. Measured and indicated gold resources at Pensaquito, including proven and probable reserves, increased 39% to 17.8 million ounces. Measured and indicated silver resources increased 55% to 1.3 billion ounces.
Jun 25, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Goldcorp Inc. (GG) announced a signiciant increase to reserves at its Penasquito project in Zacatecas, Mexico and released an initial resource estimate for the Eleonore project in Quebec.
The Vancouver gold mining company said proved and probable gold reserves at Pensaquito are up 31% to 13 million ounces, while proven and probable silver reserves are up 50% to 864 million ounces.
Measured and indicated gold resources at Pensaquito, including proven and probable reserves, increased 39% to 17.8 million ounces. Measured and indicated silver resources increased 55% to 1.3 billion ounces.
Proven and probable lead and zinc reserves both increased 60% at the Mexico project.
At the Eleonore project in Quebec, Goldcorp reported an initial indicated gold resource of 1,834,900 ounces at an average grade of 7.4 grams per metric ton. Initial inferred gold resource totals 929,100 ounces at an average grade of 7.1 grams per ton, it said.
Goldcorp also said "high grade drill results outside resource point to significant expansion potential" at Eleonore.
At the Los Filos mine in Mexico, Goldcorp said the first gold pour was completed on June 15 and the project is on track for commercial production during the fourth quarter.
Goldcorp Announces Penasquito Reserve Increase >GG
Goldcorp Inc. (GG) announced a significant increase to reserves at its Penasquito project in Zacatecas, Mexico and released an initial resource estimate for the Eleonore project in Quebec.
Updates on Previous Picks
Goldcorp (GG): The short was entered at $25, with an adjusted buy stop of $25.15. Drop that stop to $24.55.
Goldcorp Announces Significant Increase to Reserves at Penasquito and Initial Resource Estimate at Eleonore
VANCOUVER, BRITISH COLUMBIA, Jun 25, 2007 (MARKET WIRE via COMTEX) -- (All figures are in US dollars unless stated otherwise)
Goldcorp Inc. (CA:G) (GG: goldcorp inc new com) today announced updated reserve and resource estimates for two of the Company's key projects-Penasquito in Zacatecas, Mexico and Eleonore in Quebec, Canada. The Company today also released drilling results subsequent to the calculation of reserves and resources at Penasquito and Eleonore and updated development progress at both properties as well as the Los Filos mine in Guerrero State, Mexico.
VANCOUVER, BRITISH COLUMBIA, Jun 25, 2007 (MARKET WIRE via COMTEX) -- Silver Wheaton Corp. ("Silver Wheaton") (CA:SLW) (SLW:
silver wheaton corp com) is pleased to announce that Goldcorp Inc. ("Goldcorp") has released updated reserves and resources for their Penasquito Project located in Zacatecas, Mexico. Proven and probable silver reserves have increased by 50% to 864 million ounces, while measured and indicated silver resources, exclusive of reserves, have increased by 67% to 413 million ounces. The calculation is based on assays from an additional 240 drill holes (including condemnation drill holes) completed since the previous reserve update in June, 2006.
Goldcorp (GG): The short entry was at $25, and the adjusted stop is currently $24.55. No change in that level. Shares closed at $25.67 Friday.
Last Update: 9:02 AM ET Jul 5, 2007
VANCOUVER, BRITISH COLUMBIA, Jul 05, 2007 (MARKET WIRE via COMTEX) -- Goldcorp Inc. (CA:G) (GG: goldcorp inc new com) will release second quarter results before market opens on Thursday, August 9th, 2007.
A conference call will be held Thursday, August 9th at 10:00 a.m. (PT) to discuss these results. You may join the call by dialing toll free 1-866-226-1799 or 416-340-2218 for calls from outside Canada and the US. You can listen to a recorded playback of the call after the event until September 6th, 2007 by dialing 1-800-408-3053 or 416-695-5800 for calls outside Canada and the US. Passcode: 3226942. A live and archived audio webcast will also be available at http://www.goldcorp.com.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. The Company does not hedge its gold production.
Last Update: 11:44 AM ET Jul 9, 2007
VANCOUVER, BRITISH COLUMBIA, Jul 09, 2007 (MARKET WIRE via COMTEX) -- (All dollar amounts in United States dollars (US$))
GOLDCORP INC. (CA:G) (GG: goldcorp inc new com) is pleased to declare its seventh monthly dividend payment for 2007 of $0.015 per share. Shareholders of record at the close of business on Friday, July 20, 2007 will be entitled to receive payment of this dividend on Friday, July 27, 2007.
Pursuant to new tax legislation, 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 lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas.
...
Everton is well funded and actively exploring in the Opinaca region of James Bay, Quebec where Everton has amassed one of the largest land claims adjacent to Goldcorp's (GG: goldcorp inc new com) (CA:G) Eleonore gold deposit where Goldcorp recently announced an initial gold resource of 2.8 million ounces. Everton is also actively exploring in the Dominican Republic adjacent to where the world's largest gold mining company, Barrick Gold (NYSE/TSX:ABX) is partnering with Goldcorp to develop, at an estimated cost of $2.3 billion, the Pueblo Viejo deposit, that contains 18.1 million ounces of gold, 2.6 billion pounds of zinc, 358 million pounds of copper and 88 million ounces of silver.
VANCOUVER, BRITISH COLUMBIA, Jul 25, 2007 (MARKET WIRE via COMTEX) -- (All figures are in US dollars unless stated otherwise) -
GOLDCORP INC. (CA:G) (GG: goldcorp inc new com) has completed the previously announced sale to Silver Wheaton (CA:SLW) (SLW: silver wheaton corp com) of 25% of the life of mine silver production from Goldcorp's Penasquito project for a cash payment of $485 million. The agreement also requires Silver Wheaton to pay an ongoing per-ounce payment equal to the lesser of $3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract.
"This transaction builds powerful leverage into the Penasquito project," said Kevin McArthur, President and Chief Executive Officer. "We are pleased to have accomplished this without risk, debt or share dilution, while preserving upside potential in this world-class asset."
Goldcorp is one of the world's lowest cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged.
VANCOUVER, BRITISH COLUMBIA, Jul 25, 2007 (MARKET WIRE via COMTEX) -- Silver Wheaton Corp. ("Silver Wheaton") (CA:SLW) (SLW: silver wheaton corp com) has completed the previously announced acquisition from Goldcorp Inc. ("Goldcorp") of 25% of the life of mine silver production from Goldcorp's Penasquito Project, located in Zacatecas, Mexico, for an upfront cash payment of US$485 million. In addition, Silver Wheaton will pay an ongoing per-ounce operating cost payment equal to the lesser of US$3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract.
The Penasquito Project is a gold-silver-zinc-lead deposit that is expected to become the largest mine in Mexico, containing (as of June 2007) proven and probable silver reserves of 864 million ounces and measured and indicated silver resources, exclusive of reserves, of 413 million ounces. Construction progress at Penasquito remains on schedule for initial heap leaching of oxide ore during 2008 and start-up of the first milling and flotation circuit by late 2009.
Silver Wheaton is not required to fund any capital expenditures at Penasquito, including any expansion scenarios. Goldcorp has provided a completion guarantee to Silver Wheaton that the Penasquito Mine will be constructed with certain minimum production criteria by certain dates. As a result of this transaction, Silver Wheaton has retained a right of first refusal on any further sales of silver streams from Penasquito for the mine life for so long as Goldcorp maintains at least a 20% interest in Silver Wheaton. Goldcorp's right to maintain its pro-rata interest in Silver Wheaton has been extended to December 31, 2009. Goldcorp currently owns approximately 49% of the issued and outstanding shares of Silver Wheaton.
In order to fund the US$485 million cash consideration, Silver Wheaton has entered into a credit agreement with the Bank of Nova Scotia and BMO Capital Markets, as co-lead arrangers and administrative agents, to borrow US$200 million under a non-revolving term loan (the "Term Loan") and up to US$300 million under a revolving term loan (the "Revolving Loan"). The Revolving Loan is for a period of seven years and the Term Loan is to be repaid in equal instalments over a period of seven years, however, prepayments are permitted at any time. In connection with the Penasquito transaction, the Term Loan was drawn down in full and the Revolving Loan was drawn down in the amount of US$246 million with the balance of the upfront consideration paid from cash on hand.
Mr. Randy Smallwood, P.Eng., Executive Vice President of Corporate Development of Silver Wheaton, who is a "qualified person" as such term is defined under National Instrument 43-101, has reviewed and approved the contents of this news release.
LAS VEGAS, July 26, 2007 /PRNewswire-FirstCall via COMTEX/ -- Hemis Corporation (HMSO: hemis corp com) is an international resource company with three exploration properties in Mexico and a project in Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with Goldcorp Inc. (CA:G) (GG: goldcorp inc new com) through Goldcorp's Mexican subsidiary Glamis Exploration.
Hemis Corporation is pleased to announce that a comprehensive research report on the company and its properties has been issued by DiscoverSmallCaps.com.
Norman Meier, CEO of Hemis, stated, "We are pleased that someone has taken the time to really understand and recognize the true value of Hemis Corporation." To obtain a copy of the report please visit the Hemis website. http://www.hemiscorporation.com
Norman Meier
Hemis Corporation
President
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis Corporation is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
LAS VEGAS, July 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Hemis Corporation (HMSO: hemis corp com) is an international resource company with three exploration properties in Mexico and one in Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with Goldcorp Inc. (CA:G) (GG: goldcorp inc new com) through Goldcorp's Mexican subsidiary Glamis Exploration.
Dear Investors,
I am writing you directly to inform you of the progress of Hemis Corporation.
Hemis Corporation is properly financed, and our exploration projects are active with the drill results from Mexico expected in the near future. As a mineral exploration and mineral exploration investment company, Hemis' business plan was engineered using decades of capital market experience integrated with extensive geological experience. The plan was to acquire properties that have the potential of 500,000 ounce gold (or gold equivalent) economic reserves, run the exploration programs and invest in other junior companies with similar potential. To date, Hemis has three exploration programs in Mexico and one in Alaska, all of which have active exploration programs achieving the goals stated in the original plan.
I believe that Hemis has reached a level where there will now be a lot of support in the market from investors, both individual and institutional, who have researched Hemis and share Hemis' vision. In my opinion, the value of Hemis will increase in the short term and should continue to rise as we carry out our exploration and investment programs.
Fundamentally Hemis is very strong and listed below are just a few of the company's fundamental highlights:
1. The initial drill results of El Tigre did not get the credit that they
deserved. I believe that the significance of those results got lost in
the geological language. The initial hole represented a discovery hole
where our geologists believe the mineralization of gold is not just
present at the surface but also at depth. We will have additional drill
results in the near future.
2. The La Centela concession has the potential of a molybdenum deposit.
The financial potential of molybdenum is much higher than gold. One
hundred million tons of rock with an average grade of 0.025% molybdenum
and a molybdenum price of $20 per pound would represent a gross metal
value over $10 billion. The grades we found on the surface were 4.7%
and we also found molybdenum in the El Tigre initial drill hole. The
presence of molybdenum would heavily increase Hemis' economic
potential. The Centela Project has the potential for both a gold and
Molybdenum deposit in the same region.
3. The initial phase of the Anchor Gold exploration program in the Cook
Inlet area of Alaska has commenced and should be finished in October.
The company has invested a considerable amount of money in this project
and our geologists are very positive about the upcoming results.
4. Regarding our interest in the Santa Rita mineral claim in Mexico,
Goldcorp, the second largest gold company in the world, has an earn in
agreement regarding this property and we expect news from them shortly.
5. Hemis owns shares in one of its former subsidiaries and plans to
purchase more in the companies it has spun off. However, we must
maintain a certain ratio of investments and assets to be classified as
a mineral exploration company. We will constantly monitor investment
opportunities to maximize the assets available to Hemis shareholders.
6. Hemis is always on the lookout for new projects and acquisitions, both
of which will continue to maximize shareholder value.
7. The Hemis team consists of over 50 people. It is a network of
international contacts in Switzerland, Canada, USA, Mexico and Peru.
The administration of the company is in Switzerland, the financial
center of Europe. The company has close relationships with
organizations that raise money for our projects so that we can
comfortably continue our business.
8. In my opinion, we have world class geologists and access to exclusive
projects. Dr. Douglas Oliver, our chief geologist, has over 30 years
experience with international mining companies and as a University
professor. Charles W. Reed was chief geologist for Hecla Mining, Casey
Danielson has over 20 years of experience and worked for Echo Bay Mines
amongst others and George Eliopulos from Nevada has been an exploration
geologist for more than 30 years as well. These are just a few examples
of the great team of geologists at Hemis.
I believe that we have a high quality company with a great team of geologists, finance professionals and world class projects. This mix gives Hemis a multi million ounce resource potential and an exponential investment upside.
We will soon be initiating an investor marketing program in Europe in association with our Frankfurt listing and European shareholders.
We are waiting for the El Tigre drill results from holes two to eight and the primary drilling result from hole nine which was our molybdenum target. After that, we should expect results from Cook Inlet in Alaska where we will spend one million dollars in September alone. And last but not least, we are expecting results from our Goldcorp joint-venture for the Santa Rita project in Mexico.
Further, we are now on institutional radars and analysts have been calling to perform due diligence.
As the President of the company, I ask you to support our company in being patient with selling and giving the company time to work on the projects. I believe that the value of the company will increase in the short and long term. The company is only two years old and has accomplished so much in so little time. If we continue the way we work right now, the company will grow exponentially.
Yours truly,
Norman Meier
Hemis Corporation, President
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis Corporation is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Hemis Corporation
Norman Meier +41 43 355 0228
President
http://www.hemiscorporation.com
Hudson Capital, 1-604-662-3910
Investor Relations
http://www.hudsoncapital.ca
SOURCE Hemis Corporation