Beiträge von GSP-Komet

Again, gold stocks are no investors' delights at this time but they should be kept on the back burner until the market sorts itself out in the not too distant future.
Illustrating this in the stock market, the chart of (NEM ) shows a declining trend since February 2006. However, there is s solid floor of support at 35.30 set by May 2004 and May 2006 lows where the risk/reward ratio would be favorable. Chart watchers look for strong upside potential with a defined downside risk with the latter being a stop loss point set just below support.

Prudential cut its rating on the mining giant to underweight from neutral and trimmed the stock price target to $40 a share from $50.

Newmont (NEM ) downgraded at Prudential: NEM was downgraded from Neutral to Underweight at Prudential. $40 price target. Mining costs are rising, and commodity prices could pull back in the coming years.

NEW YORK (MarketWatch) -- Newmont Mining (NEM) was downgraded to underweight from neutral weight at Prudential, which cited weak earnings power even at optimistic assumptions for metals prices. Analyst John Tumazos also lowered his stock price target to $40 from $50. "While heretofore we have 'disbelieved' how badly the company's costs deteriorated, and expected a future cost turnabout, we have given up hope in large part," Tumazos said in a research note to clients. "We expect a higher gold price outlook owing in part to higher gold mining costs and output erosion, but the profit margin at those higher prices is much lower than envisioned several years ago."

Newmont Mining cut to underweight at Prudential

FSN

Special Economic Roundtable
Forecast 2007

Frank Barbera
Joe Dancy
Bill Powers
Peter Schiff
James Turk

Forecast 2007: The Consensus

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Top five holdings are Barrick Gold (ABX), Newmont Mining (NEM), AngloGold Ashanti (AU), Freeport-McMoRan Copper & Gold (FCX) and Goldcorp (GG). In contrast, the more established streetTracks Gold Shares (GLD) owns only gold bullion.

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DENVER, Jan 03, 2007 /PRNewswire-FirstCall via COMTEX/ -- Royal Gold, Inc. (RGLD) announces the following Webcast:

What: Royal Gold, Inc.'s Penasquito Royalty Acquisition

When: January 3, 2007 @ 12:00 p.m. Eastern

Where: http://www.videonewswire.com/event.asp?id=37173

How: Live over the Internet -- Simply log on to the web at the
address above.

If you are unable to participate during the live webcast, the call will be archived at http://www.videonewswire.com/event.asp?id=37173.

SOURCE Royal Gold, Inc.

Top five holdings are Barrick Gold (ABX), Newmont Mining (NEM), AngloGold Ashanti (AU), Freeport-McMoRan Copper & Gold (FCX ) and Goldcorp (GG). In contrast, the more established streetTracks Gold Shares (GLD) owns only gold bullion.

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LIMA, Peru, Jan 02, 2007 /PRNewswire-FirstCall via COMTEX/ -- Compania de Minas Buenaventura S.A.A. ("the Company" or "Buenaventura") (BVN) (Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company is pleased to share its satisfaction with Cerro Verde's filing, before CONASEV, regarding the first shipment from the $850 million sulfide expansion of copper concentrate production. This shipment consisted of approximately 9,500 dry metric tons of copper concentrate sold for processing to Sumitomo Metal Mining Co. Ltd., one of the major shareholders of the Cerro Verde Mine.

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JOHANNESBURG, South Africa, January 2, 2007 /PRNewswire-FirstCall via COMTEX/ -- It is with a deep sense of loss and great sadness that Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) has to announce the death of Brendan Walker in a car accident in the Eastern Cape on Saturday, 30 December 2006. Brendan was an executive vice president of Gold Fields and head of its South African operations.
Brendan is survived by his wife Tanya and two children, Clare (11) and Peter (8).
Ian Cockerill, Chief Executive Officer of Gold Fields said: "Brendan was not only a colleague but a friend. He was one of our brightest stars and his untimely death will leave a deep void. On behalf of the Board and all of the people of Gold Fields we extend our deepest condolences to Tanya, Clare and Peter, as well as to his extended family and many friends and colleagues all over the world. We share in their grief and our thoughts are with them during this very difficult time."
Brendan has been associated with Gold Fields his entire career. After finishing his studies as a Gold Fields bursar at the University of the Witwatersrand, he joined the Groups' Kloof Gold Mine as a shift boss in 1983. He worked his way up through the ranks to become manager of West Driefontein Gold Mine in 1995. Since then he has held a number of senior management and executive positions in the Group, including as managing director of Gold Fields Ghana from September 2003 to February 2006. He was appointed as an executive vice president and head of South African operations on 1 March 2006.
Brendan's successor will be announced in due course.
SOURCE Gold Fields Limited

Canyon Resources In Mineral Lease, Sublease & Pact With Newmont

Canyon Resources To Acquire 3% Net Smelter Return Royalty On Calif Mine

GOLDEN, Colo., Jan 04, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU) , a Colorado-based mining company, is pleased to announce that it has entered into an Asset Exchange Agreement with various subsidiaries of Newmont Mining Corporation ("Newmont") to acquire the 3% net smelter return ("NSR") royalty held by Newmont on Canyon's CR Briggs Mine in Inyo County, California. In addition, Canyon has entered into a Mineral Lease, Sublease and Agreement with Newmont to acquire an option on the Adelaide Gold Project in Humboldt County, Nevada and the Tuscarora Gold Project in Elko County, Nevada.
In exchange, Newmont will receive from Canyon certain mineral rights, surface leases, and facilities near Lincoln, Montana with associated intellectual property and Newmont will assume all associated reclamation liability. Canyon will retain a 3% NSR royalty on mineral rights provided by Canyon in this transaction, which may be reduced if the net of Newmont's royalty and that of underlying landholders exceeds 5%. In addition, Canyon will retain ownership of its Seven-Up Pete Gold Project near Lincoln and will continue to pursue its takings suit against the State of Montana in relation to its previous holdings in the McDonald Project.

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Gary Huber is a mining company executive with over 30 years of diversified natural resource experience. Gary was a founder of Canyon Resources Corporation, currently a gold company which was initially formed for the purpose of uranium exploration in the western United States. During the period from 1979 to 2006 he held various positions with Canyon including: Director, Chief Financial Officer, and Vice President-Finance. He was also President and CEO of Canyon's industrial minerals subsidiary which operated and sold functional fillers and specialty products from two processing facilities and three mines. Prior responsibilities in the 1970's have included uranium property acquisition, exploration and production activities for Energy Reserves Group in the central Colorado Plateau area. Presently, Gary is the Director of IRC Capital Group, an investment arm of International Royalty Corporation. Gary holds a Ph.D. from the Colorado School of Mines.

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by Scott Wright

There is no arguing that the gold-stock sector has been one of the hottest in the financial markets since the turn of the century. The venerable HUI gold-stock index has seen a nearly 1,000% rise from trough to peak in the last six years and the stocks that comprise it have won investors and speculators legendary gains.

Within the gold-stock world though lies a sub-sector that is not represented by an index and really has no boundary on its potential. Like an underground blood-sport event or a big-city basement casino, junior gold stocks fly under the radar and only those investors who actively seek this realm may successfully enter it.

And drawing another analogy to the aforementioned locales, gambling in the junior gold-stock world can either leave you bloody and bruised with empty pockets or reward you with spectacular gains that even Las Vegas odds-makers could not fathom.

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fsn

Financial Sense Newshour
2006 Yearend Review Part 2
10 Themes that Dominated
the Markets this Year . . .

PART 2
6. A weakening U.S. economy
7. The rise in energy and precious metals
8. The coming resource wars
9. The Bernanke Fed
10. The U.S. Dollar

Newmont Mining, by virtue of its large operation, is the most conservative play in the gold sector.

Holmes recommends buying in-the-money long-term options on Newmont Mining (NEM) if the price pulls back. He warns investors to avoid the out-of-the-money LEAPS, saying they're too risky.

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Pierre Lassonde, chairman of the World Gold Council and outgoing president of Newmont Mining, predicts a range of $600 to $800 for gold next year, with an average of around $675.

"I see the dollar continuing to go down against a basket of currencies, including the euro," says Lassonde, who adds that "80% of the value of gold is the dollar."

Other bullish factors include declining mine production and rising investment demand, says Lassonde. He notes the Gold Shares ETF now holds more than 450 tons of bullion, and he's looking for continued investor diversification into the yellow metal.

At the time of publication, Lassonde was long Newmont stock.

Alcoa is expected to earn 67 cents, up 93% from the same period in the previous year, on $7.63 billion in revenue. Management has exceeded the consensus earnings estimate in four of the past six quarters yet has not delivered the same consistent performance each quarter as investor favorites such as Phelps Dodge (PD) and Newmont Mining (NEM).

Last Update: 5:13 PM ET Dec 28, 2006

LIMA (MarketWatch) -- Southern Copper Corp. (PCU) signed an agreement with the Peruvian government to make a voluntary payment for social programs, the company said in a statement Thursday.
In August, President Alan Garcia's government brokered a deal with the mining industry under which companies agreed to make a voluntary "windfall" payment of more than $775 million over five years for social programs.
The windfall payment was in response to protests by local communities that say they receive little or no benefit from mining in their areas, particularly against a backdrop of rising metals prices and higher production.
The government unveiled the framework agreement late last week and is now signing individual deals with companies. It said it hopes to sign agreements with 43 companies.
Agreements signed so far include those with Compania de Minas Buenaventura SAAs (BVN); Minera Yanacocha SRL, operated by Newmont Mining Corp. (NEM); base metals miner Compania Minera Milpo SAA (MILPOC1.VL); and copper-zinc miner Compania Minera Antamina SA, according to a spokesman from the ministry of energy and mines.
Under the terms of the deal, companies will contribute 3.75% of their net profit after paying income taxes.
The agreement stipulates, however, that companies already paying royalties of up to 3% on their sales will be able to deduct a significant percentage of those royalties from the voluntary payments.
The agreement also sets reference prices for the different metals. Should the prices dip below those levels, companies won't be obligated to continue making the payments.