Tue, Sep. 27, 2:00 PM
Tue, Sep. 27, 12:52 PM
Wed, Sep. 21, 5:55 PM
- Newmont Mining (NYSE:NEM) was today's best-performing stock in the S&P 500 and precious metals miners gained across the board, enjoying a big boost from the Fed’s decision to keep interest rates unchanged.
- NEM even outperformed the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) - +7.5% vs. +7% - and Credit Suisse analysts say business in looking up for the miner, as NEM continues to meet or beat cost and production targets, as well as strengthen its portfolio.
- The firm adds that NEM believes shareholders appreciate its predictability, discipline and defining growth based on free cash flow rather than production.
- Also today: ABX +8.6%, GG +7%, AEM +7.1%, EGO +5.7%, KGC +7.6%, SLW +7.8%, FNV +4.8%, RGLD +9.6%, IAG +7.9%, GOLD +4.7%, AU +10.4%, GFI +9%, SBGL +9.5%, HMY +11.8%, AUY +7.6%, BTG +6.3%, NG +8.1%.
- ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, SGDM, ASA, SLVP, RING, PSAU, TGLDX, GDXX, GDXS
Tue, Sep. 20, 11:57 AM
- B2Gold (BTG +1.8%) is upgraded to Buy from Neutral with a C$4.50 price target, up from C$4.25, at Dundee Capital, after saying it expected to be at the top end of its 2016 production guidance and at the low end of expectations on costs.
- BTG's presentation at the Denver Gold Forum indicated the production should be at the top end of guidance of 510K-550K oz. in 2016, while costs should come in at the low end of guidance of $560-$595/oz.
- Dundee says it always has liked BTG's liquidity, leverage and low-cost profile; after offering its production profile, the firm says it also likes BTG's valuation.
- The firm also notes that BTG's at-the-market equity offering provides an additional $100M, cleaning up any near-term balance sheet concerns.
Wed, Aug. 24, 2:30 PM
- Shares of gold miners are sharply lower as gold futures fall 1.2% to settle at a one-month low $1,329.70/oz., closing below its 50-day moving average for the first time since June 7.
- The top gold miners ETF (GDX -6.3%) trades well below its 50-day moving average of $29.09 and is on pace for its first four-day losing streak since early November.
- Investors are dialing down bullish bets on gold ahead of Friday's scheduled remarks from Janet Yellen, says Peter Hug, global trading director at Kitco Metals.
- Among top mining stocks: ABX -8.4%, NEM -6.7%, GG -8.7%, KGC -9%, AEM -6.3%, SLW -7.3%, RGLD -7.3%, EGO -7.2%, GFI -5.1%, AUY -8.8%, GOLD -5%, HMY -5.7%, SBGL -4.9%, IAG -8.7%, BTG -6.9%, NG -7.3%, FNV -6%.
- ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, UGL, DGP, UGLD, GLL, DZZ, SGDM, ASA, SLVP, DGL, RING, DGZ, DGLD, PSAU, TGLDX, UBG, GDXX, GDXS
Fri, Aug. 12, 8:33 AM
- B2Gold (NYSEMKT:BTG) -2.6% premarket after announcing a $100M equity distribution agreement for the issuance and sale of common shares.
- BTG plans to use the proceeds to fund ongoing general corporate expenditures, discretionary capital programs, accelerated exploration at the Fekola Project in Mali and exploration and feasibility work at the Kiaka Project in Burkina Faso.
Thu, Aug. 4, 4:01 AM
Fri, Jun. 24, 2:11 PM
Fri, Jun. 3, 9:16 AM| Fri, Jun. 3, 9:16 AM | 26 Comments
Thu, May 12, 12:40 AM
Thu, Mar. 17, 12:36 AM
- B2Gold (NYSEMKT:BTG): Q4 EPS of -$0.13 misses by $0.13.
- Revenue of $139M (+13.5% Y/Y) beats by $3.16M.
- Shares +10% PM.
Wed, Mar. 16, 5:30 PM
Tue, Mar. 15, 5:30 PM
Thu, Feb. 11, 3:27 PM
- Gold stocks (GDX +7.8%) power higher as April gold futures jumped by $53.20/oz., or +4.5%, to settle at $1,247.80, the highest level since February 2015 and the biggest one-day dollar and percentage gain since September 2013, as investors sought safe-haven assets amid the global equity market rout.
- A growing universe of government bonds with negative yields has helped gold, while a lower U.S. dollar has made it cheaper for buyers in other currencies to purchase gold.
- Investor sentiment “seems to be thawing at the start of 2016, with a focus on gold’s wealth preservation and risk diversification properties,” the World Gold Council says.
- ABX +4.8%, GG +4.4%, AEM +8.7%, SLW +6.3%, KGC +14.2%, NG +6.2%, AU +7.4%, FNV +6.8%, GFI +10.8%, HMY +15.1%, SBGL +16%, IAG +12.3%, GOLD +4%, EGO +14%, AUY +9%, BTG +15.2%, HL +8.8%.
- ETFs: GLD, SLV, NUGT, IAU, AGQ, GGN, PSLV, DUST, SIL, PHYS, USLV, SIVR, SGOL, ZSL, UGL, GLDX, DGP, GTU, GLL, UGLD, DZZ, SLVO, GLDI, SGDM, DSLV, ASA, OUNZ, SLVP, DGL, DBS, RING, DGZ, DGLD, PSAU, TGLDX, USV, GEUR, GYEN, UBG, GDXS, GDXX, QGLDX
Thu, Jan. 14, 5:48 PM
- B2Gold (NYSEMKT:BTG) +1.4% AH after reporting record Q4 and FY 2015 gold production, with Q4 output rising 18% Y/Y to of nearly 131.5K oz. and a full-year total of more than 493K oz. for a 28% Y/Y increase.
- BTG says Q4 gold revenue totaled $139M at an average price of $1,090/oz., while FY 2015 gold revenue came in at $553.7M.
- BTG forecasts 2016 gold production of 510K-550K oz. at all-in sustaining costs of $895-$925/oz., with the production profile steadily increasing quarter by quarter due to increasing grade as phase 1 of the Otjikoto Pit is completed.
- Earlier, B2Gold said it signed an earn-in agreement with Forsys Metals (OTCPK:FOSYF) where BTG can earn up to a 100% interest in the Ondundu gold project in Namibia.
Nov. 13, 2015, 5:42 AM
- B2Gold (NYSEMKT:BTG): Q3 EPS of $0.00 in-line.
- Revenue of $139.25M (+21.2% Y/Y) beats by $1.22M.