Beiträge von GSP-Komet

11/3/2006 9:09 AM EST
From the Nasdaq, Farnoosh Torabi interviews CEO Mark Wellesley-Wood about his plans to resign and the gold producer’s disappointing earnings results.

Last Update: 12:00 PM ET Nov 1, 2006

ADVISORY, Nov 1, 2006 (PrimeZone Media Network via COMTEX) -- What: Mark M. Wellesley-Wood, CEO of DRDGOLD Limited (DROOY) will preside over the closing bell. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Thursday November 2nd, 2006 at 4:00 p.m. ET Contacts: Ilja Graulich Head of IR 27 83 604 0820 ilja.graulich@za.drdgold.com NASDAQ MarketSite: Stephanie Lowenthal; 646.441.5220
Feed Information:
The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.
Photos:
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
About DRDGOLD Limited (DROOY):
DRDGOLD is a medium-sized, unhedged gold producer with investments in South Africa and Australasia. Incontrovertibly bullish about its product, the company has recently concluded extensive refocusing of its gold interests.
In South Africa, the company has an 85% interest in DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA), while in Australasia, it has a 78.9% interest in Emperor Mines Limited.
In the 2006 financial year, DRDGOLD SA contributed 60% or 315 976 ounces - of total attributable gold production of 527 401 ounces, and Emperor 211 425 ounces. At 30 June 2006, DRDGOLD's total attributable resource base was 47.6 million ounces and its total attributable reserves were 8.8 million ounces.

Last Update: 10:40 AM ET Nov 1, 2006

Nov 01, 2006 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Richmont Mines Inc. (RIC) of Montreal plans to buy back up to 1.2 million common shares, or about 5% of the total outstanding.
The mining company said the buyback will start on Friday and end by Nov. 2, 2007.

Last Update: 10:34 AM ET Nov 1, 2006

MONTREAL, QUEBEC, Nov 01, 2006 (MARKET WIRE via COMTEX) -- Richmont Mines Inc. (CA:RIC) (RIC) (the "Company") announces today that the TSX has accepted the Company's notice of intention to make a normal course issuer bid to purchase its outstanding common shares through the facilities of the TSX, for a period of twelve months expiring on November 2, 2007. Up to 1,200,000 common shares of Richmont Mines, representing approximately 5% of the 24,237,853 common shares of the Company issued and outstanding on October 31, 2006, may be purchased under the bid. The purchases may commence on November 3, 2006 and will extend to November 2, 2007.
In the opinion of management of the Company, this normal course issuer bid is justified by the fact that the common shares might be undervalued on the market from time to time with regard to Richmont Mines' financial position and future prospects and that the purchase thereof by the Company is an appropriate use of its funds.
All the shares acquired under the bid will be purchased through the facilities of the Toronto Stock Exchange in accordance with its requirements. All shares acquired will automatically be cancelled. The shares will be purchased at their market price at the time of acquisition.
To the knowledge of the Company, none of its directors, officers or other insiders intends to sell shares during the term of the issuer bid; however, should an insider decide to sell shares during the term, under no circumstances whatsoever will the benefits received by such insider differ from those received by any other shareholder.
Appointment
Richmont Mines is pleased to announce the appointment of Mr. Raynald Vezina as a Director of the Company and a member of the Audit and Remuneration Committees. Mr. Vezina obtained a Bachelor of Mining Engineering from Laval University in 1970. He has 30 years of experience in mining operations and project development in Canada. During those years, he worked in various management positions for Cambior, Falconbridge and Placer Dome. We are convinced that his experience will contribute to the expansion of the Company.
About Richmont Mines
Richmont Mines is actively pursuing the development of its mining assets while continuing to seek new gold projects. The Company has no long-term debt, no hedging contracts for gold and has working capital of approximately $24 million.
Martin Rivard
President and Chief Executive Officer

17 Targets Identified and $4 Million in Exploration Work Recommended

Last Update: 8:03 AM ET Oct 31, 2006

MONTREAL, QUEBEC AND PORT WILLIAMS, NOVA SCOTIA, Oct 31, 2006 (MARKET WIRE via COMTEX) -- Richmont Mines Inc. (CA:RIC) (RIC) ("Richmont Mines") and Mountain Lake Resources Inc. (CA:MOA) ("Mountain Lake") are pleased to report on the project compilation, target generation and exploration work proposal completed on the Valentine Lake Gold property by InnovExplo Inc. ("InnovExplo"), an independent mining and exploration consulting firm based in Val-d'Or, Quebec, Canada. The Valentine Lake property is located in central Newfoundland (Canada) approximately 55 km south of the town of Buchans.
The overall objective at Valentine Lake is to confirm and extend several gold mineralized zones: Valentine West; Leprechaun Pond; Osprey Pond; Victoria Bridge and Valentine East (Guano Pit). InnovExplo has concluded these main occurrences represent a significant gold potential and also illustrate targets for new discoveries at these locations. Geochemical sampling yielded anomalous gold values over the entire 27 kilometer structure. This area potential was demonstrated at Valentine East, situated at kilometer 12-13, where historical drilling has identified a 40 to 50 meter wide zone of mineralized trondhjemite. Historical assays include: 30.87 g/t gold over 1 meter and 5.55 g/t gold over 5 meters.

Last Update: 4:01 PM ET Oct 30, 2006

MONTREAL, QUEBEC, Oct 30, 2006 (MARKET WIRE via COMTEX) -- Richmont Mines (CA:RIC) (RIC) is pleased to announce it has received from New Island Resources Inc. a final cash consideration of CAN$2,250,000 to complete the sale of the Nugget Pond property and gold mill located on the Baie Verte Peninsula in Newfoundland. This sale results in Richmont Mines being released from all reclamation and other liabilities relating to this property and the $843,659 letter of credit held by the Government of Newfoundland and Labrador to guarantee reclamation will be returned to Richmont Mines in the next few days. In addition of a cash deposit of CAN$250,000 received on the signing of the option in October 2005, Richmont Mines also received 1,000,000 shares of New Island Resources.
Richmont Mines is a gold producer listed on the Toronto Stock Exchange (TSX) and the American Stock Exchange (AMEX) under the symbol RIC. The Company focuses its activities on the exploration, the development and the operation of underground gold mines in the Canadian provinces of Quebec, Ontario and Newfoundland. Richmont Mines currently owns tow mines in operation, one advanced exploration project and several exploration properties.
Contacts: Richmont Mines Inc. Julie Normandeau Investor Relations 514-397-1410 514-397-8620 (FAX) http://www.richmont-mines.com
SOURCE: Richmont Mines Inc.

Last Update: 1:55 PM ET Oct 30, 2006

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Oct 30, 2006 (MARKET WIRE via COMTEX) -- New Island Resources Inc. (CA:NIS: news, chart, profile) (New Island) of St. John's, NL is pleased to announce that it has entered into an agreement with Crew Gold Corporation (CA:CRU: news, chart, profile) (OSE: CRU)(FWB: KNC)(OTCBB: CRUGF)(Crew) for the sale of the Nugget Pond gold processing facilities situated on the Baie Verte Peninsula in Newfoundland. Under the terms of the agreement, Crew has purchased the facilities by issuing three million shares to New Island having a current market value of approximately $6,750,000. Crew's primary interest in these facilities is to process ore from its gold deposits in Greenland. It has, however, agreed to process, at commercial rates, ore mined on the Nugget Pond mineral licences retained by New Island.

...

Prior to closing the sale agreement with Crew, New Island acquired the assets from Richmont Mines Inc. (CA:RIC) (RIC) (Richmont) which it held under an option agreement signed in 2005. In exercising its option, New Island paid the purchase price of $2,500,000 less a $250,000 deposit made at the time of acquiring the option. New Island financed the purchase with the proceeds of a credit facility of US$2,250,000 provided by Auramet Trading LLC (Auramet). This facility provides a bridge loan for six months bearing interest at 10% per annum secured by the 3,000,000 Crew shares and may be prepaid without penalty. A closing fee of 4% of the facility amount and 40,000 Crew shares will be paid to Auramet.

Silver/Oil Ratio (SOR)

$Silver:$WTIC = SOR = 0,193 (SMA 50: 0,183 > SMA 200: 0,168 )

$WTIC = $60,75 (SMA 50: 64,15 < SMA 200: 68,08 )

$Silver = $12,08 (SMA 50: 11,74 > SMA 200: 11,38 )

Durchschnitt der letzten 25 Jahre: 0,26 = 0,26 x $60,75 = $15,79

Silver Cost of Crude Oil (SCCO)

$WTIC:$SILVER

aktuell: 5,03 (SMA 50: 5,47 < SMA 200: 6,04)

Durchschnitt der letzten 25 Jahre: 4,38

$60,75 : 4,38 = $13,86

$Silver:$USD = 0,1412 (SMA 50: 0,1368 > SMA 200: 0,1311)

mfg

$Gold:$WTIC = GOR = 9,89 (SMA 50: 9,35 > SMA 200: 8,88 )

$WTIC = $60,75 (SMA 50: 64,15 < SMA 200: 68,08 )

$Gold = 601,00 (SMA 50: 598,03 < SMA 200: 602,97)

$60,75 x 9,89 = US-$601,00

langfristiger Durchschnitt = 15,2 = 15,2 x 60,75 = US-$923,40

100 x $WTIC : $Gold = GCCO

100 x 60,75 : 601,00 = 10,10

langfristiger Durchschnitt = 7,2

60,75 x 100 = 6.075 : 7,2 = US-$843,75

mfg

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: 1,94 (SMA 50: 1,91 > SMA200: 1,86)

$SIlver:$HUI

aktuell: 0,039 (SMA 50: 0,037 = SMA200: 0,035)

$Gold:$XAU

aktuell: 4,52 (SMA 50: 4,50 < SMA200: 4,33)

$Silver: $XAU

aktuell: 0,0908 (SMA50: 0,0882 > SMA200: 0,0816)

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 Gewinnkurve auch an.)

$HUI:$Gold

aktuell: 0,52 (SMA50: 0,52 < SMA200: 0,54)

Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $HUI auch erkennen.

$HUI:$Silver

aktuell: 25,70 (SMA50: 26,72 < SMA200: 28,74)

Hier kann man die oben genannte Outperformance von dem Silberpreis gegenüber dem $HUI auch erkennen.

$XAU:$Gold

aktuell: 0,2213 (SMA50: 0,2226 < SMA200: 0,232)

Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $XAU auch erkennen.

$XAU:$Silver

aktuell: 11,01 (SMA50: 11,35 < SMA200: 12,39)

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 Baiswerte outperformen werden.

Begründung:

Ihre Hebel gegenüber ihren jeweiligen Basiswerten!

Asset Deflation

$INDU:$Gold
aktuell: 20,12
SMA50:19,53 > SMA200: 18,72

Hier sehen wir wie der Dow Jones Industrial gegenüber dem Goldpreis sich im Aufwärtstrend nach oben befindet!

schönes Doppeltop aber im Chart sichtbar!, wobei das letzte Hoch niedriger als das vorherige Hoch war!

$COMPQ:$Gold
aktuell: 3,91
SMA50: 3,77 > SMA200: 3,72

Hier können wir sehen, wie sich der Nasdaq Composite gegenüber dem Goldpreis im Aufwärtstrend nach oben befindet!

schönes Dreifachtop aber im Chart sichtbar!

$SPX:$Gold
aktuell: 2,29
SMA50: 2,23 > SMA200: 2,15

Hier können wir sehen, wie sich der S&P500 gegenüber dem Goldpreis im Aufwärtstrend nach oben befindet!

schönes Doppeltop im Chart sichtbar, wobei das letzte Hoch niedriger als das vorherige Hoch war!

$UST:$Gold
aktuell: 0,1793
SMA50: 0,1795 > SMA200: 0,178

Hier können wir sehen, wie sich die 10-jährigen Treasuries gegenüber dem Goldpreis im Aufwärtstrend nach oben befinden!

Widerstand ist momentan der 50-day SMA!

$USD:$Gold
aktuell: 0,1423
SMA50: 0,1437 < SMA200: 0,1451

Hier können wir sehen, wie sich der USDX gegenüber dem Goldpreis im Abwärtstrend nach unten befindet!

mfg

$Gold:$USD (Gold = Outperformer gegenüber dem USDX!)

aktuell: 7,03
SMA 50: 6,97!!! >!!! SMA 200: 6,94!

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!

http://stockcharts.com/def/servlet/SC.we...old%3A%24Silver

aktuell: 49,75
SMA 50: 51,35 < SMA 200: 53,35

Der Preis vom Crude beträgt aktuell: 60,75!
0,06oz/bbl => US-$1.010,00 x 0,06 = US-$60,60
bei unverändertem Wert von 49,75: wäre
Crude: $60,75 = Gold: $1.010,00 = Silber: $20,30!
("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 wird bei dieser Bewegung über die $600, $612 steigen auf seinem Weg weiter nach $682, $730 und $1.650. Der Silberpreis wird bei dieser Bewegung über $20 steigen auf seinem Weg nach +++$33.

Wichtige charttechnische Marken (Renko):

- Brent: U = 59,00, hat bereits nach oben gedreht!
- EUR/USD: U = 1,265, hat bereits nach oben gedreht!
- Gold: U = 596,00, hat bereits nach oben gedreht!
- Palladium: U = 318,00, hat bereits nach oben gedreht!
- Platin: U = 1.070,00, hat bereits nach oben gedreht!
- Silber: U = 12,05, hat bereits nach oben gedreht!

mfg

Last Update: 9:32 AM ET Oct 26, 2006

Oct 26, 2006 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
For the three-month period ended on Sept. 30, Richmont Mines Inc. (RIC) reported a net loss of C$437,952 or 2 Canadian cents a share, compared with a net loss of C$1.4 million or 7 Canadian cents a share a year earlier.
The improved results from the latest quarter are mainly due to more than a 100% increase of ounces of gold sold, compared with the same quarter in 2005, as well as an increase in the average selling price in 2006.
Cash flow from operations totaled C$400,086 for the third quarter of 2006, compared with C$250,040 in 2005.
During the latest quarter, 10,653 ounces of gold were sold at an average price of US$611, compared with an average price of US$438 for 4,931 ounces of gold sold for the same period in 2005.
Richmont Mines, Montreal, is a gold-mining company.

Last Update: 9:24 AM ET Oct 26, 2006

MONTREAL, QUEBEC, Oct 26, 2006 (MARKET WIRE via COMTEX) -- For the three-month period ended on September 30, 2006, Richmont Mines (CA:RIC) (RIC) reported a net loss of $437,952, or $0.02 per share, compared with a net loss of $1,389,743, or $0.07 per share, in 2005. The difference of $951,791 is mainly due to more than a 100% increase of ounces of gold sold, compared with the same quarter in 2005, as well as an increase in the average selling price in 2006. Cash flow from operations totalled $400,086 for the third quarter of 2006, compared with $250,040 in 2005. During the period of three months ended on September 30, 2006, 10,653 ounces of gold were sold at an average price of US$611, compared with an average price of US$438 for 4,931 ounces of gold sold for the same period in 2005.
For the nine-month period ended on September 30, 2006, Richmont Mines recorded net earnings of $716,446, or $0.03 per share, compared with a net loss of $2,459,493, or $0.14 per share, in 2005. The $3,175,939 difference is mainly due to the recovery of future mining and income taxes of $2,589,537 in 2006. Cash flow from operations generated funds of $2,578,666, compared with the use of funds of $994,198 in 2005. During the nine-month period ended on September 30, 2006, 35,764 ounces of gold were sold at an average price of US$599 per ounce, compared with 30,594 ounces of gold at an average price of US$437 for the same period in 2005.

...

OUTLOOK
Richmont Mines is currently focusing on the advancement of the Island Gold project in order to bring it into production.
The Beaufor Mine continues to be operated and many exploration targets will be examined during the upcoming months. At the East Amphi Mine, the B2 Zone continues to be operated and exploration work is planned for the Fourax property, located approximately two kilometers from the mine in the Malartic mining camp. Richmont Mines soon expects to begin work in the Francoeur Mine sector, mainly in the West zone.
InnovExplo was mandated to evaluate the overall potential of the Valentine Lake property in Newfoundland, and it concluded that the geological nature of the property was sufficient to justify further geological and structural studies and recommended additional exploration work on the property. Up to now, 17 zones of interest have been identified and certain zones will be examined during the fourth quarter of 2006 and further recommendations will follow.
Richmont Mines, which can count on working capital of $20,191,944 as of September 30, 2006, and having neither long-term debt nor forward sales contract on gold and currency, is in a good position to take advantage of the current favourable market conditions. It intends to complete its current projects, to evaluate potential projects and to proceed with strategic acquisitions to secure the Company's growth.
Finally, on behalf of our team, we salute the exceptional contribution of the Honorable Gilles Loiselle, who has been a director with our Company for 10 years and who is now leaving his position as Director. We wish him the best of luck in all of his well-deserved retirement projects.
Martin Rivard, President and Chief Executive Officer

October 20, 2006

Gold Stock Valuations 3
by Adam Hamilton

October 17, 2006

Gold-Silver Ratio and the Outlook at Housing in Silver Terms
by Vitali Logman

Compania de Minas Buenaventura Announces Third Quarter 2006 Conference Call

Last Update: 11:27 AM ET Oct 20, 2006

LIMA, Peru, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Compania de Minas Buenaventura (BVN) announces the following webcast:

What: Compania de Minas Buenaventura Third Quarter 2006 Conference Call

Who: Presenting for Buenaventura: Roque Benavides, President and CEO

When: Tuesday, October 31, 2006 @ 10:00 a.m. EST

Where: http://www.videonewswire.com/event.asp?id=36221

Dial-in information
1-800-289-0548 (913-981-5535 outside the U.S.)
Conference name: Buenaventura

The replay will be available through November 7, 2006, 11:59 pm
Dial-in: 1-888-203-1112 (719-457-0820 outside the U.S.)
Confirmation code: 7391194

Contact: Peter Majeski
i-advize Corporate Communications, Inc.
+1-212-406-3690
pmajeski@i-advize.com

If you are unable to participate during the live webcast, the call will be archived at http://www.buenaventura.com . To access the replay, click on Investor Relations Section.
Compania de Minas Buenaventura S.A.A. is Peru's largest, publicly traded precious metals company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals via wholly owned mines as well as through its participation in joint exploration projects.
Buenaventura currently operates three mines in Peru and also has controlling interests in four mining companies as well as a minority interest in several other mining companies in Peru. The Company owns 43.65% in Minera Yanacocha S.R.L. (a partnership with Newmont Mining Corporation) and is one of the most important precious metal producers in the world.
SOURCE Compania de Minas Buenaventura S. A. A.

Peru miners expected to post solid quarterly earnings

Last Update: 4:58 PM ET Oct 19, 2006

By Rebecca Howard
Of DOW JONES NEWSWIRES
LIMA (MarketWatch) -- Strong metals prices will have boosted third-quarter earnings at Peru's largest mining companies, local brokerages said.
"Prices for the main metals, both base and precious, registered strong increases in the third quarter of this year," Banco de Credito, Peru's largest bank, said in a report.
Among Peru's many miners, the biggest ones, such as Southern Copper Corp (PCU), Compania de Minas Buenaventura SAA (BVN), Sociedad Minera Cerro Verde SA (CVERDEC1.VL) and Volcan Compania Minera SAA (VOLB.VL) are set to report quarterly earnings.

Buenaventura Seen Strong
Banco de Credito also forecasts that Compania de Minas Buenaventura SAA will post third-quarter net income of $103.5 million. That compares to a net income of $40.7 million or $0.32 per share in the same period a year ago.
Centura sees Buenaventura's net income in the third-quarter at $136.5 million.
Buenaventura has a 43.65% stake in Minera Yanacocha, one of the largest gold mines in the world. However, analysts say that Buenaventura will also benefit from its 18% stake copper miner Sociedad Minera Cerro Verde SA.
The brokerages noted that the company will benefit from stronger gold and copper prices at the Yanacocha mine and at Cerro Verde, although that will be offset to some extent by lower production and higher costs at Yanacocha.

Revised Date & Time: Newmont Announces Third Quarter Earnings Call

Last Update: 4:29 PM ET Oct 20, 2006

DENVER, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Newmont Mining Corporation (NEM) announced that it will report Third Quarter 2006 results on, November 1, 2006. A conference call will be held that day at 4:00 p.m. Eastern Time (2:00 p.m. Mountain Time) to discuss the quarter's results. The conference call will be carried on the Company's web site.

Conference Call Details
Dial-In Number 210-839-8506
Leader John Gaensbauer
Password Newmont
Replay Number 203-369-3763

Web Cast Details
URL http://www.newmont.com

The Third Quarter 2006 results and related financial and statistical information will be available prior to the conference call in the Investor Information section of the Company's web site, http://www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company's web site.
SOURCE Newmont Mining Corporation