JOHANNESBURG, January 31, 2007 /PRNewswire-FirstCall via COMTEX/ --
Gold Fields Limited ("Gold Fields") (GFI:gold fields ltd new sponsored adr) is pleased to announce today the successful completion of the capital raising announced on 25 January 2007 (the "Capital Raising").
In the Capital Raising, 79 million new shares in Gold Fields have been placed with institutional investors by way of a private placement at an offer price of ZAR113.50 (the "Offer Price") per new ordinary share.
The Capital Raising was oversubscribed and the Offer Price of ZAR113.50 represents a discount of 2.9% to the closing price of Gold Fields shares on the JSE Limited on 30 January 2007.
Based on the Offer Price, the gross proceeds to be received by Gold Fields is approximately ZAR8.9 billion (raising approximately US$1.2 billion at a ZAR/US$ exchange rate of approximately 7.30). The new shares represent approximately 14 per cent of Gold Fields' issued ordinary share capital prior to the Capital Raising.
The proceeds of approximately US$1.2 billion will be used to repay debt incurred for purposes of Gold Fields' acquisition of Barrick Gold Corporation's 50 per cent interest in the South Deep asset and its rights under the joint venture agreement with Western Areas Limited.
As is customary in both local and international primary capital raisings, an over-allotment option ("the Over-allotment Option") has been granted by Gold Fields pursuant to which it may issue an additional 11.85 million new ordinary shares ("the Over-allotment Shares") at the Offer Price, in order to inter alia cover over-allotments.
The New Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued ordinary shares of Gold Fields, including the right to receive future dividends and other distributions declared, made or paid after the date of their issue, including the right to participate in the dividend of 90 SA cents per Gold Fields share announced on 25 January 2007. Application will be made for the New Shares to be admitted to trading on the JSE Limited ("Admission"). Admission, settlement and commencement of dealings are expected to take place on or around 7 February 2007.
Beiträge von GSP-Komet
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Mining MarketWatch Review Provides Overview Behind Abcout Mines Ltd. 750 Million lb Zinc and 20 Million Oz Silver and 220K Oz Gold Mine Projects
SEATTLE, Jan 30, 2007 (BUSINESS WIRE) -- Mining MarketWatch Journal has published a review that breaks down the metrics behind the Abcourt Mines Inc. (CA:ABI: news, chart, profile) , offering insight and opportunity on the reopening of their 100% owned Abcourt-Barvue Zinc-Silver mine and expansion of the resource base on their Elder gold mine. A copy of the informative piece may be viewed free of charge at http://www.miningmarketwatch.net/abi.htm.
Editor's notes from the review: "750 Million lbs Zinc, 21 Million Oz Silver, 220k Oz Gold. 43-101 measured and indicated resources on most numbers. Only 43 Million shares out and trading a mere 0.68 cents; extrapolate those numbers and ABI.V is deserved of attention, we get a share value over $40.00 per share of in ground value. This company will become a major cash cow! Currently producing or developing miners in this mineral rich area include the likes of Agnico Eagle Mines Ltd. (AEM:Agnico-Eagle Mines Limited) , IAMGold Corp (IAG: iamgold corp com) , Richmont Mines Inc. (CA:RIC) (RIC:richmont mines inc com) , Breakwater Resources Ltd. (CA:BWR) and Xstrata Plc (LONDON:XTA). It wouldn't surprise us to see a buy-out offer from any of the aforementioned miners. A feasibility study is imminent and is likely to improve on what we already know. Abcourt Mines Inc. is currently at disproportionate multiples as inherit resource and infrastructure value per share is well in excess of the current trading price." -
TORONTO, ONTARIO, Jan 30, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (CA:IMG:) (IAG:iamgold corp com) (ASX: IGD)(BSE: IAMGOLD) is pleased to report the operating activities for the fourth quarter ended December 31st, 2006, in accordance with ASX Listing Rule 5.1. Fourth quarter financial results will be released on March 15, 2007. The Company's senior management will host a conference call on Thursday March 15, 2007 at 11:00 am (EST) to discuss financial results.
To participate in the conference call:
Via telephone:
Local: 416-644-3430
N.A. Toll Free: 1-800-732-9307
Australia Toll Free: 011-800-0022-8228
Or via audio cast @ http://www.iamgold.comFourth Quarter Highlights:
- Completion of the Cambior transaction
- Gold production of 219,972 ozs
- Sixth consecutive annual dividend of $CAD0.07 declared
- Announcement of the OMAI Bauxite sale -
VANCOUVER, BRITISH COLUMBIA, Jan 29, 2007 (CCNMatthews via COMTEX) -- Homeland Precious Metals Corp. (HPME.F:homeland precious metals cor com new) is pleased to announce that, through its wholly owned Nevada subsidiary, Homeland Exploration, Inc., it has signed a definitive agreement with Newmont USA Limited, a subsidiary of Newmont Mining Corporation ("Newmont"), for the previously announced Water Canyon Project ("Water Canyon").
The agreement, which will become effective February 1, 2007, will see Homeland spending $2.7 million over a five-year period for the rights to explore and develop Water Canyon for gold and other minerals. The agreement also allows Newmont to participate as a joint venture partner in the project through an earn-in process. By spending up to 350% of what Homeland has spent on the project as of the date when Newmont elects to become involved, Newmont can earn up to a 70% interest in the project.
Located immediately adjacent to Newmont's Mule Canyon Mine Complex, the Water Canyon property consists of approximately 2,460 acres (approximately 4 sq. miles) which sits along strike of the Mule Canyon Complex. Situated in north central Nevada, Water Canyon lies within the world renowned Battle Mountain-Eureka Trend and Northern Nevada Rift. This area has seen prolific precious metal production since the early 1900's, and large-scale precious metal production continues to this day. The adjacent Mule Canyon Complex produced approx 0.5 million ounces of gold from six open pits over a 7 year period.
Past results from cursory exploration by other companies are what compelled Homeland to enter into the agreement with Newmont for the Water Canyon property. Management believes that Water Canyon shows excellent exploration potential within the property position to develop near-surface reserves of Mule Canyon grades, and deeper potential for high-grade veins similar to the nearby Fire Creek deposit. Fire Creek, located on trend south-southeast of Water Canyon, has similar geologic characteristics and currently contains over 1 million ounces of gold at an average grade of 0.5 ounces per ton.
"The acquisition of the Water Canyon Project with Newmont as a possible joint venture partner is definitely a milestone for our company," said Bruce Johnstone, President & CEO. "Its exploration will be a high priority for Homeland moving forward and has excellent potential for the discovery of a high-grade economic ore body."
Initial exploration will consist of detailed geologic mapping, further geophysical surveys, and will be followed by a reverse circulation drilling program. -
The world's largest mining companies are turning to the U.N. and the World Bank in an attempt to prevent China freezing them out of Africa, according to The Times's Web site on Monday.
The heads of more than a dozen mining companies, representing assets of more than $700 billion, met in secret at the World Economic Forum at Davos last week, according to the newspaper.
The group, dubbed the "governors", met at the Hotel Fluela on Thursday in a six-hour session covering all major issues facing the mining industry, the newspaper writes.
Among those present were Paul Skinner, the chairman of Rio Tinto PLC (RTP); Tony Trahar, chief executive of Anglo American PLC (AAUK); Jonathan Oppenheimer, chairman of De Beers; Alexei Mordashov, chairman of SeverStal JSC (CHMF.RS), and Wayne Murdy, chairman and chief executive of Newmont Mining Corp. (NEM), according to the newspaper.
One of the most pressing issues facing the industry is competition from state-owned Chinese companies, which are signing deals in Africa and freezing out Western miners, according to the newspaper. -
LIMA (MarketWatch) -- Production of copper in Peru could rise some 13% this year over last year, while gold production may drop by around 13%, the head of Peru's National Society of Mining, Petroleum and Energy said Wednesday.
"Speaking of copper, we expect an increase in production on the order of 13%, mainly due to a planned increase in operations at Cerro Verde," society president Ysaac Cruz said in a radio interview.
"On the other hand, we expect a decline in production of gold of also about some 13%, a consequence of some exploration and expansions that couldn't be carried out," he added.
Peru's output of copper reached 952,162 metric tons in the December to November, 2006 period, according to the most recent figures from the Energy and Mines Ministry.
Gold output in the first eleven months of last year reached 187,571 kilograms.
Mineral production has become a motor of the Andean nation's economic growth, with a number of new mines opening in recent years.
Copper miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) currently operates open-pit mines near the southern Andean city of Arequipa, and expects to complete an $850 million expansion this year.
Peru is also home to other big copper miners, such as Southern Copper Corp.(PCU) and Minera Antamina SRL.
Peru's largest gold producer is the giant Yanacocha mine, located in northern Peru. Production there has been falling due in part to the inability of the company to access some new deposits due to community opposition.
Newmont Mining Corp(NEM) has a 51.35% stake in Minera Yanacocha, while Peru's Compania de Minas Buenaventura SAA (BVN) holds a 43.65% share. -
CALGARY, ALBERTA, Jan 30, 2007 (CCNMatthews via COMTEX) -- Planet Exploration Inc. (CA:PXI) is pleased to announce results from drilling in the ongoing Sidace Lake program. Operations are being conducted under the Joint Venture with Goldcorp Inc.. All holes drilled in this latest program which ended in early January, 2007, targeted the Main Discovery Zone. Significant results from the last unreported holes in this program are:
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Everton is actively exploring in the Opinaca region of James Bay, Quebec where Everton has amassed one of the largest land claims adjacent to the Eleonore gold discovery, and where Goldcorp Inc. (CA:G) (GG:goldcorp inc new com) is proposing to spend several hundreds of millions of dollars developing its recent property acquisition.
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VANCOUVER, BRITISH COLUMBIA, Feb 1, 2007 (CCNMatthews via COMTEX) -- Corex Gold Corp. (the "Company") (CA:CGE: news, chart, profile) is pleased to announce it has signed an Earn-In agreement with Goldcorp Inc. (CA:G) (GG:goldcorp inc new com) through its Mexican subsidiary Glamis Exploration S.A. de C.V ("Goldcorp"). Under the Agreement Goldcorp has the right to earn up to an 80% interest in Corex's Santa Rita and Zuloaga (collectively "Zuloaga") concessions in the states of Zacatecas and Coahuila.
The Zuloaga Property encompasses 39,878 hectares is located in the Sierra Madre Oriental and is approximately 15 km from Goldcorp's Penasquito deposit. The Zuloaga property is also near the Concepcion del Oro mining district. Past production from this district is estimated at 250 million ounces of silver and 1.5 million ounces of gold. Concepcion del Oro produced gold and silver from a variety of deposit styles including skarns, mantos, breccias and disseminated deposits in favorable lithologies.
Craig Schneider, President of Corex Gold Corp., states, "With the recent completion of the permitting of Goldcorp's Penasquito mine we are extremely pleased to have a company of Goldcorp's expertise working our landholdings in Mexico. This is the first of many milestones that Corex hopes to achieve in moving forward to build one of the premier exploration and development companies in Mexico."
The Earn-In agreement provides Goldcorp can Earn-In to a 70% interest in the Zuloaga property by spending US$4,000,000 over a 5-year period and paying Corex US$150,000 over an 18 mo. period. Goldcorp shall have the option to increase its interest from 70% to 80% upon paying 100% of the expenditures associated with placing the Property or any part thereof, into commercial production based on a mine development project approved for all or part of the property, with 20% to be repayable to Glamis from Corex Sub's related project cash-flows, or arranging the proportionate share of a debt financing.
In connection with entering into the Earn-In Agreement, Corex and Hemis Corporation agreed to replace Hemis' option to acquire a 49% interest in Corex's Santa Rita property (June 26, 2006) with an option to acquire a 49% interest in Corex's interest in the Santa Rita property upon payment to Corex US$950,000 and 200,000 shares of Hemis over 2 years.
ON BEHALF OF THE BOARD
Craig D. Schneider, President & CEO -
Goldcorp Inc. Signs Earn-In Agreement With Corex Gold
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Revenue increases 62% on quarter-over-quarter basis * Net income increases 100% on per share basis * Record free cash flow (a non-GAAP financial measure) totals 84% of revenue * Acquisition of royalties on Penasquito and Pascua Lama projects further diversifies portfolio
DENVER, Feb 01, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD:Royal Gold Inc) (CA:RGL) , the leading publicly-traded precious metals royalty company, today announced fiscal second quarter 2007 net income of $5.6 million, or $0.24 per basic share, on royalty revenue of $12.3 million. This compares to net income for the second quarter of fiscal 2006 of $2.9 million, or $0.12 per basic share, on royalty revenue of $7.6 million. Higher revenues were largely derived from increased production at several royalty properties, contributions from two new producing royalty positions, and higher metal prices.
Net income for the six-month period ended December 31, 2006, was $10.6 million, or $0.45 per basic share, on royalty revenue of $22.0 million. This compares to net income of $6.0 million, or $0.27 per basic share, for the six-month period ended December 31, 2005, on royalty revenue of $14.4 million.
Free cash flow for the quarter was approximately $10.3 million, making up a record 84% of revenues. This compares to free cash flow for the second quarter of fiscal 2006 of approximately $5.4 million or 71% of revenues. For the six-month period ended December 31, 2006, free cash flow was approximately $18.3 million, or 83% of revenues, compared with free cash flow for the same period ended December 31, 2005, of $10.5 million, or 73% of revenues. The Company defines free cash flow, a non-GAAP financial measure, as operating income plus depreciation, depletion and amortization, non-cash charges and any impairment of mining assets (see, Schedule A- Reconciliation).
As of December 31, 2006, the Company had a working capital surplus of $74.4 million. Current assets were $80.1 million (including $70.9 million in cash) compared to current liabilities of $5.7 million resulting in a current ratio of 14 to 1.
In addition, the Company expanded its royalty portfolio with the acquisition of a royalty on the Penasquito project in Mexico. The acquisition closed in January 2007. Furthermore, in January 2007, the Company announced an agreement to acquire a sliding-scale royalty on the Pascua Lama project in South America. Both of these projects are development-stage properties. The Company also closed its royalty acquisition on the Gold Hill deposit in Nye County, Nevada, in December 2006.
Tony Jensen, President and CEO, stated "It is gratifying to report these record financial results which reflect the maturity of several prior investments that will help fuel our long-term growth. We have had tremendous business development successes during the quarter with the Penasquito and Pascua Lama transactions. We will continue to work diligently towards strengthening our revenue stream and diversifying our portfolio." -
Royal Gold Inc. 2Q EPS 24c Vs 12c>RGLD
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TORONTO, ONTARIO, Feb 01, 2007 (MARKET WIRE via COMTEX) -- Crystallex International Corporation (CA:KRY) (KRY) announced today effective February 1st, 2007 Mr. Gordon Thompson, has been appointed President, CEO and Director of Crystallex International Corporation. Mr. Thompson, who was a director of Crystallex from 2000 to 2002, has more than 30 years experience in the financial services sector including significant expertise in raising debt and equity in Canadian and US Capital Markets including Project Finance.
More recently, Mr. Thompson served as Senior Vice President Corporate Development of NCE Resources Group/Sentry Select Capital Corp. He participated in the growth of the Oil and Gas assets from C$450 million in 2001 to over C$4 billion in 2006. In addition Mr. Thompson served as President of Strategic Energy Fund a private and public investment fund. While there, he oversaw the growth of that fund from $20 million to C$280 million over the last 4 years.
Mr. Thompson replaces Mr. Todd Bruce as President, CEO and Director of Crystallex. Appropriate compensation has been provided to Mr. Bruce in accordance with his employment agreement. Mr. Bruce has agreed to make himself available to the Company as a consultant as required. Mr. Bruce commented, "I continue to have every confidence that the final environmental permit for Las Cristinas will be secured by the Company and that Venezuela will provide the mining industry with a competitive, attractive jurisdiction."
Mr. Fung, Chairman of the Crystallex Board of Directors stated, "The Company continues to work closely with Venezuelan authorities with a view to obtaining final permitting for the Las Cristinas gold mine." Following a recent visit to Venezuela, Mr. Fung confirmed, "Crystallex is not aware of any impediments to granting the permit. We have an excellent working relationship with the Government of Venezuela and now that the Presidential Elections have been completed and Ministers acquaint and reacquaint themselves with their portfolios, Crystallex expects they will proceed quickly with the issuance of the permit."
About Crystallex
Crystallex International Corporation is a Canadian based gold producer with significant operations and exploration properties in Venezuela. The Company's principal asset is the Las Cristinas property in Bolivar State that is currently under development and which is expected to commence commercial gold production in 2009 at an initial annualized rate of some 300,000 ounces at the initial planned production rate of 20,000 tonnes of ore per day. Other key assets include the Tomi Mine, certain Lo Increible properties and the Revemin Mill. Crystallex shares trade on the TSX (symbol:KRY) and AMEX (symbol:KRY) Exchanges. -
Feb 01, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Crystallex International Corp. KEY) has appointed Gordon Thompson as president, chief executive and a director.
The Vancouver mining company said Thompson was a director of Crystallex from 2000 to 2002 and has more than 30 years of experience in the financial-services sector. Most recently, he was senior vice-president, corporate development, of NCE Resources Group/Sentry Select Capital Corp.
It said Thompson replaces Todd Bruce, and "appropriate compensation has been provided to Bruce in accordance with his employment agreement." -
$Gold:$WTIC = GOR = 11,74 (SMA 50: 10,74 > SMA 200: 9,49)
$WTIC = $55,42 (SMA 50: 59,09 < SMA 200: 66,43)
$Gold = 650,70 (SMA 50: 631,92 > SMA 200: 624,14)
$55,42 x 10,73 = US-$650,63
langfristiger Durchschnitt = 15,2 = 15,2 x 55,42 = US-$842,38
100 x $WTIC : $Gold = GCCO
100 x 55,42 : 650,70 = 8,51
langfristiger Durchschnitt = 7,2
55,42 x 100 = 5.542 : 7,2 = US-$769,72
mfg
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Silver/Oil Ratio (SOR)
$Silver:$WTIC = SOR = 0,241 (SMA 50: 0,223 > SMA 200: 0,187)
$WTIC = $55,42 (SMA 50: 59,09 < SMA 200: 66,43)
$Silver = $13,38 (SMA 50: 13,16 > SMA 200: 12,28)
Durchschnitt der letzten 25 Jahre: 0,26 = 0,26 x $55,42 = $14,40
Silver Cost of Crude Oil (SCCO)
$WTIC:$SILVER
aktuell: 4,14 (SMA 50: 4,49 < SMA 200: 5,47)
Durchschnitt der letzten 25 Jahre: 4,38
$55,42 : 4,38 = $12,65
$Silver:$USD = 0,157 (SMA 50: 0,156 > SMA 200: 0,144)
mfg
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Der Gold- und Silberpreis performen derzeit die Indizes $HUI und $XAU out. Die Unternehmen aus diesen beiden Indizes $HUI und $XAU haben derzeit ein sehr großes Aufholpotenzial!
$Gold:$HUI
aktuell: 1,90 (SMA 50: 1,90 > SMA200: 1,90)
$SIlver:$HUI
aktuell: 0,04 (SMA 50: 0,04 = SMA200: 0,037)
$Gold:$XAU
aktuell: 4,69 (SMA 50: 4,54 > SMA200: 4,47)
$Silver: $XAU
aktuell: 0,0965 (SMA50: 0,0945 > SMA200: 0,0879)
Zu bemerken ist das die in diesen Indizes vertretenen Unternehmen über einen Hebel gegenüber Ihren Basiswerten (Gold bzw. Silber) verfügen. Daher sollten diese beiden Indizes schon sehr bald wieder den Gold- bzw. Silberpreis outperformen! (Je höher Ihr Produkt im Preis steigt desto steiler steigt Ihre Ertragskurve auch an.)
$HUI:$Gold
aktuell: 0,51 (SMA50: 0,53 < SMA200: 0,53)
Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $HUI auch erkennen.
$HUI:$Silver
aktuell: 24,86 (SMA50: 25,26 < SMA200: 26,89)
Hier kann man die oben genannte Outperformance von dem Silberpreis gegenüber dem $HUI auch erkennen.
$XAU:$Gold
aktuell: 0,2131 (SMA50: 0,2205 < SMA200: 0,2239)
Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $XAU auch erkennen.
$XAU:$Silver
aktuell: 10,37 (SMA50: 10,59 < SMA200: 11,42)
Hier kann man die oben genannte Outperformance von dem Silberpreis gegenüber dem $XAU auch erkennen.
mfg
Man kann nach meiner Meinung erwarten, das die beiden Indizes $HUI und $XAU schon sehr bald wieder ihre jeweiligen Basiswerte outperformen werden.
Begründung:
Ihre Hebel gegenüber ihren jeweiligen Basiswerten!
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Asset Deflation
$INDU:$Gold
aktuell: 19,19
SMA50:19,62 > SMA200: 18,69Hier sehen, wir wie sich der Dow Jones Industrial : $Gold bereits unterhalb der SMA 50 befindet. Und er befindet sich im freien Fall ggü. $Gold.
$COMPQ:$Gold
aktuell: 3,74
SMA50: 3,87 > SMA200: 3,65Hier sehen, wir wie sich der Nasdaq Composite : $Gold bereits unterhalb der SMA 50 befindet. Und er befindet sich im freien Fall ggü. $Gold.
$SPX:$Gold
aktuell: 2,19
SMA50: 2,24 > SMA200: 2,13Hier sehen, wir wie sich der S&P500: $Gold bereits unterhalb der SMA 50 befindet. Und er befindet sich im freien Fall ggü. $Gold.
$UST:$Gold
aktuell: 0,1635
SMA50: 0,1712 > SMA200: 0,1715Hier können wir sehen, wie sich die 10-jährigen Treasuries gegenüber dem Goldpreis noch im freien Fall nach unten befinden!
$USD:$Gold
aktuell: 0,131
SMA50: 0,1332 < SMA200: 0,1371Der $USD befindet sich im freien Fall gegenüber $GOLD!
$DJUSRE:$Gold
aktuell: 0,54
SMA 50: 0,52 > SMA 200: 0,483-fachtop im Chart sichtbar!
mfg
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$Gold:$USD
aktuell: 7,63
SMA 50: 7,51!!! > !!! SMA 200: 7,31!Nun wird der USDX in den freien Fall übergehen und der Euro und der Gold- und Silberpreis werden zusammen stark steigen!
---> Shortet massiv den USD!
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http://stockcharts.com/def/servlet/SC.we...old%3A%24Silver
aktuell: 48,65
SMA 50: 48,07 < SMA 200: 51,05Der Preis vom Crude beträgt aktuell: 55,42!
0,06oz/bbl => US-$923,00 x 0,06 = US-$55,38
bei unverändertem Wert von 48,65: wäre
Crude: $55,42 = Gold: $923,00 = Silber: $18,97!
("Patrick Chidley, a New York based sell-side analyst for Barnard Jacobs Mellet, said, in a recent note to clients, that since 1971, the number of ounces of gold required to buy one barrel of oil has averaged 0.06oz/bbl.")Der Goldpreis ist auf seinem Weg auf/über die $923!
Der Silberpreis ist auf seinem Weg auf/über die $18,97!Wichtige charttechnische Marken (Renko):
- Brent (Spot): U = 51,50, hat bereits nach oben gedreht!

- EUR/USD: U = 1,29, hat bereits nach oben gedreht!
- Gold: U = 646,00, hat bereits nach oben gedreht!
- Palladium: U = 344,00, hat bereits nach oben gedreht!
- Platin: U = 1.170,00, hat bereits nach oben gedreht!
- Silber: U = 13,15, hat bereits nach oben gedreht!
mfg