tag:blogger.com,1999:blog-2072164001912207281Thu, 12 Nov 2009 03:50:50 +0000http://www.goldstockstrategist.com/goldstockstrategist@gmail.com (goldstockstrategist)Blogger92125tag:blogger.com,1999:blog-2072164001912207281.post-8740544349856333136Thu, 12 Nov 2009 01:46:00 +00002009-11-11T21:35:31.953-05:00Terrane MetalsJunior Gold Miner IndexNewmont MiningJaguar MiningThe precious metal continues its rally above $1,100 as the dollar remains weak. Gold continued to surge higher and set a record high Wednesday as the dollar remained weak. December gold futures rose $12.10 to hit an all-time record price of $1,119.20 an ounce intraday and settling at $1,114.60 an ounce.Investors are moving their money into gold because of a weak dollar, weak economic conditions, http://feedproxy.google.com/~r/GoldStockStrategist/~3/_BTwBOabT3A/gold-surges-to-record-high-again.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/11/gold-surges-to-record-high-again.htmltag:blogger.com,1999:blog-2072164001912207281.post-3627221351420300653Mon, 09 Nov 2009 15:53:00 +00002009-11-09T22:11:12.567-05:00Jinshan GoldMetanor ResourcesNovagold ResourcesOsisko MinesLake Shore GoldSan Gold Inc.Capital Gold Corp.Alamos GoldNorthgateValuationJaguar Mining.Errata: The previous version of this article contained errors in the data. This one includes the correct data._________________________________________________This is an update of my market capitalization $ per ounce of production ranking for 2009.As I have written before, this technique provides a standard quantitative comparison of company share valuation. Again, it is just one dimension used http://feedproxy.google.com/~r/GoldStockStrategist/~3/BtsMSy97iz0/emerging-gold-producers-ranked-market_09.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/11/emerging-gold-producers-ranked-market_09.htmltag:blogger.com,1999:blog-2072164001912207281.post-312393850130439237Wed, 04 Nov 2009 17:38:00 +00002009-11-04T22:11:26.026-05:00GoldcorpGLDKinross GoldBarrick GoldJaguar MiningGold hit a new record high above $1,095 an ounce for the second day in a row on Wednesday following the Federal Open Market Committee pledge to keep interest rates low for an extended period of time. The FOMC statement to retain "exceptionally low levels of the federal funds rate for an extended period" helped to spike an already surging gold price.The FOMC news follows right on the heels of a http://feedproxy.google.com/~r/GoldStockStrategist/~3/sPeFHS9ihNk/gold-approaches-1100-on-fomc-statement.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/11/gold-approaches-1100-on-fomc-statement.htmltag:blogger.com,1999:blog-2072164001912207281.post-2118484521648326824Sat, 31 Oct 2009 16:34:00 +00002009-10-31T12:58:24.785-04:00SPYGLDBarrick GoldToronto-based Barrick Gold $ABX is the world’s largest gold producer, has the most resource ounces, and claims the highest market capitalization in the industry. Many analysts have written off Barrick’s ability to grow the bottom line partly because of its size. Moreover, many analysts have been forecasting lower realized prices for gold sales and higher cash costs believing these would weigh http://feedproxy.google.com/~r/GoldStockStrategist/~3/nMQlhVgEr4g/barrick-q309-earnings-surprise.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/10/barrick-q309-earnings-surprise.htmltag:blogger.com,1999:blog-2072164001912207281.post-2359964331072834106Thu, 29 Oct 2009 14:22:00 +00002009-10-29T12:56:18.067-04:00EarningsBarrick GoldAgnico-EagleToronto-based Agnico-Eagle Mines $AEM surprised everyone yesterday by posting a large loss and missing analyst earnings expectations by 86 percent due to special items, missed production targets, and higher operational costs.Agnico-Eagle posted a third quarter loss of $17.0 million or 11 cents per share, compared to a positive earnings of $14.0 million or 10 cents per share in same quarter last http://feedproxy.google.com/~r/GoldStockStrategist/~3/cSahbLep7wQ/agnico-eagle-misses-q3-consensus-by-86.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/10/agnico-eagle-misses-q3-consensus-by-86.htmltag:blogger.com,1999:blog-2072164001912207281.post-3879792554130814221Tue, 27 Oct 2009 19:09:00 +00002009-10-27T15:23:46.162-04:00Yamana GoldEldorado GoldAnglogold AshantiGoldcorpIAMGOLDNewmont MiningRandgoldKinross GoldBarrick GoldAgnico-EagleJaguar MiningGold Price Up, Gold Miner Earnings Expected Higher in Q309 Than Q308 Agnico-Eagle $AEM kicks off third-quarter gold miner earnings season after the bell on Wednesday, October 28. Gold producers are expected to report increases in quarter-over-quarter profits given recent strength in the price of gold and continuing operational cost containment. Third quarter over second quarter profits will http://feedproxy.google.com/~r/GoldStockStrategist/~3/3ybMLSbFi8c/gold-miners-minting-money.htmlgoldstockstrategist@gmail.com (goldstockstrategist)1http://www.goldstockstrategist.com/2009/10/gold-miners-minting-money.htmltag:blogger.com,1999:blog-2072164001912207281.post-3668395844145766278Wed, 16 Sep 2009 14:43:00 +00002009-09-16T11:32:16.952-04:00Price of GoldThe price of gold is breaking out to an 18-month record, rising as high as $1023 this morning amid renewed inflationary expectations and a weak dollar. Improved confidence in the global economy remains high after reports suggest the recession is over. Positive economic data and a falling U.S. dollar are sparking a rally in global equity markets. As a result of growing expectations for a stronger http://feedproxy.google.com/~r/GoldStockStrategist/~3/vT8cnd8kkOw/gold-breaks-out-expected-to-challenge.htmlgoldstockstrategist@gmail.com (goldstockstrategist)1http://www.goldstockstrategist.com/2009/09/gold-breaks-out-expected-to-challenge.htmltag:blogger.com,1999:blog-2072164001912207281.post-7633674545633656094Mon, 14 Sep 2009 18:33:00 +00002009-09-14T15:19:16.268-04:00Barrick GoldThe world's largest gold producer, Barrick Gold, announced last Tuesday it intends to pay off its entire book of fixed price gold hedges and a portion of its floating hedges to gain greater exposure to the market price of gold. This move is very bullish for Barrick's share price despite the issuance of new shares and dilution for current investors.It's also another very strong signal from http://feedproxy.google.com/~r/GoldStockStrategist/~3/D2pQHXtEOLE/barrick-de-hedging-is-latest-move-in.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/09/barrick-de-hedging-is-latest-move-in.htmltag:blogger.com,1999:blog-2072164001912207281.post-8855720787441156609Fri, 11 Sep 2009 00:27:00 +00002009-09-11T15:21:56.441-04:00GeneralMany of you may have noticed that last week I launched the Gold Stock Strategist Newsletter at Self Directed Investor. The launch was accompanied by this press release.For those who have been following the Gold Stock Strategist blog for the past 18 months, it may be a surprise that my work here has developed into a subscription service analyzing gold producing companies. It was a surprise to me http://feedproxy.google.com/~r/GoldStockStrategist/~3/LfJOPDNd9Hk/gold-stock-strategist-newsletter.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/09/gold-stock-strategist-newsletter.htmltag:blogger.com,1999:blog-2072164001912207281.post-8868689330332300588Tue, 01 Sep 2009 22:52:00 +00002009-09-01T19:02:46.497-04:00Spot gold prices finished 0.5 percent higher on Tuesday ending at $956.50 an ounce after the Institute for Supply Management’s manufacturing index beat consensus estimates of 50.5, rising from 48.9 in July to 52.9 for August. The ISM manufacturing index knifed through the 50 level for the first time in 19 months — signaling expansion in U.S. manufacturing.Gold is considered a hedge during times http://feedproxy.google.com/~r/GoldStockStrategist/~3/79E_0wlEq3w/gold-prices-rise-against-trend.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/09/gold-prices-rise-against-trend.htmltag:blogger.com,1999:blog-2072164001912207281.post-2693736347342154447Tue, 11 Aug 2009 18:29:00 +00002009-08-11T14:30:25.815-04:00Price of GoldOn August 7, the European Central Bank and 18 other central banks signed an extension of the 5-year Central Bank Gold Agreement (CBGA). The current CBGA caps sales at 500 tons a year and expires on September 26. The new CBGA extends the agreement for another 5 years—through 2014—with a ceiling of 400 tons per year. The following is a copy of the press release from the ECB website.----------------http://feedproxy.google.com/~r/GoldStockStrategist/~3/-KOSFKXtYt0/is-new-cbga-bullish-for-price-of-gold.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/08/is-new-cbga-bullish-for-price-of-gold.htmltag:blogger.com,1999:blog-2072164001912207281.post-4255341166699267992Wed, 22 Jul 2009 05:48:00 +00002009-07-22T01:56:38.231-04:00Yamana GoldGold FieldsGoldcorpNewmont MiningBuenaventuraRandgoldAgnico-EagleBarrick GoldEldorado GoldAnglogold AshantiLihir GoldIAMGOLDHarmony GoldKinross Gold<!--[if !mso]> v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4http://feedproxy.google.com/~r/GoldStockStrategist/~3/DBB_Ufc-JDc/newmont-earnings-positive-surprise-for.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/07/newmont-earnings-positive-surprise-for.htmltag:blogger.com,1999:blog-2072164001912207281.post-1581241210565782972Tue, 14 Jul 2009 15:28:00 +00002009-07-14T17:28:58.421-04:00Kinbauri GoldATW Venture Corp.Kinbauri Gold Corp. (KINBF) and ATW Gold Corp. (ATWGF) announced this morning they are combining the two companies at an exchange ratio of 1.35 ATW shares per Kinbauri share, an exchange equal to C$0.85 per Kinbauri share. This share price equals a premium of 55% over the closing price of Kinbauri shares on July 10, 2009 and a 115% premium over the closing price of Kinbauri shares on May 8, http://feedproxy.google.com/~r/GoldStockStrategist/~3/msaoEpQ9hRQ/atw-and-kinbauri-combining.htmlgoldstockstrategist@gmail.com (goldstockstrategist)1http://www.goldstockstrategist.com/2009/07/atw-and-kinbauri-combining.htmltag:blogger.com,1999:blog-2072164001912207281.post-6722995041845270618Thu, 02 Jul 2009 15:54:00 +00002009-07-02T12:07:35.992-04:00Yamana GoldGold FieldsGoldcorpNewmont MiningBuenaventuraRandgoldAgnico-EagleBarrick GoldValuationEldorado GoldAnglogold AshantiLihir GoldIAMGOLDHarmony GoldKinross GoldThere are several ways to value large gold producers. One of the conventional methods is to use “price to earnings” ratio calculations, commonly referred to as “PE”. This method of analysis is the one of the most basic valuation techniques. Lower PE ratios suggest a company is undervalued relative to competitors. PE ratios are best used as a “first cut” in due diligence to see how the market is http://feedproxy.google.com/~r/GoldStockStrategist/~3/PlBv6ZA3RtQ/exploring-gold-miner-stocks-mid-year.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/07/exploring-gold-miner-stocks-mid-year.htmltag:blogger.com,1999:blog-2072164001912207281.post-4704132608043068228Sat, 20 Jun 2009 15:54:00 +00002009-06-21T01:28:30.423-04:00Emerging Gold Producer ListThe Gold Stock Strategist covers 36 emerging junior gold producers and posts do not always include the Canadian and U.S. ticker symbols. Readers have asked me to provide this information when I rank companies based on different metrics. It isn't possible due to formatting problems in html. Hopefully, this post will help readers with their due diligence. The following is a list of covered junior http://feedproxy.google.com/~r/GoldStockStrategist/~3/Iae4xly0XHM/list-of-emerging-junior-gold-producers_20.htmlgoldstockstrategist@gmail.com (goldstockstrategist)1http://www.goldstockstrategist.com/2009/06/list-of-emerging-junior-gold-producers_20.htmltag:blogger.com,1999:blog-2072164001912207281.post-3891524498985048127Fri, 19 Jun 2009 12:28:00 +00002009-06-19T09:19:51.336-04:00Price of GoldThe latest quarterly hedge book analysis from compiled by GFMS Ltd. for Société Générale was released on June 13 and shows net dehedging in the first quarter of 2009 was 3 tons.(click chart to enlarge)This data is important because it provides insight into the direction of the price of gold. If gold producers are de-hedging they are reducing the supply of gold on the market which should http://feedproxy.google.com/~r/GoldStockStrategist/~3/cwk9ke5SJHw/de-hedging-trends-remain-bullish-for.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/06/de-hedging-trends-remain-bullish-for.htmltag:blogger.com,1999:blog-2072164001912207281.post-3156118139731439734Thu, 18 Jun 2009 01:44:00 +00002009-06-18T20:46:39.112-04:00ValuationThanks to Haligonian for pointing out the errata on Oceana Gold's market cap. It has been fixed in the table. ======================== One of the quantitative techniques I use to evaluate emerging junior gold producers is the market capitalization in U.S. dollars per the projected ounces of production in 2009. Like other techniques, this one provides a standard quantitative comparison of companyhttp://feedproxy.google.com/~r/GoldStockStrategist/~3/NwO5m8HYeSY/emerging-gold-producers-ranked-market.htmlgoldstockstrategist@gmail.com (goldstockstrategist)1http://www.goldstockstrategist.com/2009/06/emerging-gold-producers-ranked-market.htmltag:blogger.com,1999:blog-2072164001912207281.post-6427039058032607741Thu, 11 Jun 2009 15:44:00 +00002009-06-11T12:06:32.235-04:00Castle GoldInterviewsI interviewed Tom Atkins, President and CEO at Castle Gold (CSGLF) this week at the Self Directed Investor. It is a wide ranging interview that goes beyond previous interviews. Give it a listen.Castle Gold Profile from Company WebsiteCastle Gold is a socially and environmentally responsible, growth oriented gold producer with projects focused in the America's.The Company is expanding production http://feedproxy.google.com/~r/GoldStockStrategist/~3/lAbaRq3UMvU/interview-with-castle-gold-ceo.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/06/interview-with-castle-gold-ceo.htmltag:blogger.com,1999:blog-2072164001912207281.post-7094623603124172816Fri, 05 Jun 2009 17:50:00 +00002009-06-05T14:00:15.169-04:00San Gold Inc.InterviewsI interviewed Richard Boulay, Director at San Gold Corporation (SGRCF) this week at the Self Directed Investor. Give it a listen. There is a new 43-101 soon to be released that should be very positive given all the high grade drill results San Gold has published over the past few months.San Gold Profile from Company WebsiteSan Gold Corporation is a Canadian mining company focused on gold http://feedproxy.google.com/~r/GoldStockStrategist/~3/1RBBjq73gYQ/interview-with-san-gold-corp.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/06/interview-with-san-gold-corp.htmltag:blogger.com,1999:blog-2072164001912207281.post-4061550483040267248Mon, 01 Jun 2009 00:50:00 +00002009-05-31T21:20:58.895-04:00Price of GoldTreasury Secretary Geithner will be traveling to China this week to discuss the U.S. government's extraordinary deficit and debt position. The Chinese government has been strongly expressing concerns this year about Congress' and the Obama Administration's fiscal and monetary excess eventually leading to a devaluing of the U.S. dollar.China is concerned that their U.S. dollar foreign reserves (http://feedproxy.google.com/~r/GoldStockStrategist/~3/PW8N0nIobxE/china-fears-devaluation-of-us-dollar.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/05/china-fears-devaluation-of-us-dollar.htmltag:blogger.com,1999:blog-2072164001912207281.post-4480277191111278098Sat, 23 May 2009 18:28:00 +00002009-06-11T12:07:09.497-04:00Hawthorne GoldEldorado GoldInterviewsKinross GoldI've created a new company with a focus that goes beyond gold mining producers for investors called the Self Directed Investor. The Self Directed Investor is a financial media company, which uses audio, video and articles to empower investors through ideas and education.This week, I interviewed Patrick McGrath, the Chief Financial Officer of Hawthorne Gold Corporation (HWTHF). The interview is http://feedproxy.google.com/~r/GoldStockStrategist/~3/ypruRWK3aN4/interview-with-hawthorne-gold-cfo.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/05/interview-with-hawthorne-gold-cfo.htmltag:blogger.com,1999:blog-2072164001912207281.post-7884042555357039532Wed, 20 May 2009 18:40:00 +00002009-05-20T15:31:14.415-04:00Yamana GoldGold FieldsEldorado GoldAnglogold AshantiGoldcorpIAMGOLDNewmont MiningHarmony GoldBuenaventuraRandgoldKinross GoldAgnico-EagleOn May 4, I published an article citing the fact that it is always difficult to project quarterly earnings for gold mining companies. Now that the majors have all reported, let's see how they performed versus consensus estimates.There were some big surprises on both the up and down side. This earnings season Gold Fields Ltd. (GFI), and Goldcorp Inc. (GG), IAMGOLD (IAG), and Yamana Gold (AUY) http://feedproxy.google.com/~r/GoldStockStrategist/~3/5BU8wag644E/gold-majors-post-losing-q1-earnings.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/05/gold-majors-post-losing-q1-earnings.htmltag:blogger.com,1999:blog-2072164001912207281.post-8821774758310238346Tue, 19 May 2009 19:51:00 +00002009-05-19T16:08:20.076-04:00Price of GoldI received the following in an email today from GFMS announcing that their Quarterly Gold Forecast Report has been released. GFMS provides the most comprehensive analyses of gold bullion markets (among other precious metals) than any other group and I recommend their work for those who want to really understand how the gold markets work."GFMS expects the annual average price of gold to rise for http://feedproxy.google.com/~r/GoldStockStrategist/~3/yXvWAOyj3m4/gfms-quarterly-gold-forecast-report-is.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/05/gfms-quarterly-gold-forecast-report-is.htmltag:blogger.com,1999:blog-2072164001912207281.post-9087380000789539346Wed, 13 May 2009 14:00:00 +00002009-05-15T21:20:07.744-04:00San Gold Inc.ValuationIt has been almost a year since I published my first "in situ" analysis of junior gold miners. I have also added several emerging gold producers to the analysis.The "in situ" analysis compares the relative value of junior gold producers based on market capitalization (MC) and measured, indicated, and inferred (MI&I) reserves. Dividing MC by MI&I provides a dollar amount per ounce of reserves thathttp://feedproxy.google.com/~r/GoldStockStrategist/~3/hPWhnqi8GAI/junior-gold-producer-in-situ-valuation.htmlgoldstockstrategist@gmail.com (goldstockstrategist)2http://www.goldstockstrategist.com/2009/05/junior-gold-producer-in-situ-valuation.htmltag:blogger.com,1999:blog-2072164001912207281.post-1071586555050286572Fri, 08 May 2009 16:10:00 +00002009-05-08T14:25:47.472-04:00Price of GoldReaders of the Gold Stock Strategist often ask me, "How high will the price of gold eventually rise?" The truth is that I don't know how high it could eventually hit. Some analysts claim they know it will hit $1,600, $2,000, and even $8,000 an ounce. I'm not so sure about those projections. But, here is what I do know.Gold is hovering around $900 an ounce with fundamental global financial http://feedproxy.google.com/~r/GoldStockStrategist/~3/zcYOvOIaciE/where-is-price-of-gold-headed.htmlgoldstockstrategist@gmail.com (goldstockstrategist)0http://www.goldstockstrategist.com/2009/05/where-is-price-of-gold-headed.html