Jonny82's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/117439/comments http://seekingalpha.com/article/143220/comments?source=feed#comment-549386 549386 Tue, 16 Jun 2009 18:55:46 -0400 http://seekingalpha.com/article/129354/comments?source=feed#comment-464167 464167 Wed, 15 Apr 2009 17:20:45 -0400 http://seekingalpha.com/article/27435/comments?source=feed#comment-454412 454412 Tue, 07 Apr 2009 02:23:10 -0400 http://seekingalpha.com/article/30325/comments?source=feed#comment-451954 451954 Sat, 04 Apr 2009 22:05:12 -0400 http://seekingalpha.com/article/61706/comments?source=feed#comment-451952 451952 Sat, 04 Apr 2009 22:02:08 -0400 http://seekingalpha.com/article/129354/comments?source=feed#comment-451679 451679 bullionmm.com]]> Sat, 04 Apr 2009 11:24:34 -0400 bullionmm.com]]> http://seekingalpha.com/article/61211/comments?source=feed#comment-112689 112689 Thu, 24 Jan 2008 17:28:57 -0500 http://seekingalpha.com/article/10385/comments?source=feed#comment-100124 100124 Newmont Mining Report by Ron S Miller
Lately, Newmont Mining(NEM) has been lagging the price of gold. NEM shareholders expect NEM to outperform the metal. Here is some basic information regarding NEM.
NEM Projections 2006 (millions) :
Consolidated ounces of Gold: 7.7-7.9
Equity ounces of Gold: 6.1-6.25
Average Cost: 280-295
Consolidated ounces of Copper: 470-475 pounds
Equity ounces of Copper: 250-255 pounds
Average Cost: .64
Yanacocha( Peru):
Consolidated Ounces of Gold: 2.585-2.620
Equity ounces of Gold: 1.330-1.345
Average Cost: 185-195
Newmont shows a total of 1,850,000 ounces of gold under Price Capped Contracts in a chart entitled Gold Derivative Position. Most of this is for 2008-2009. I'll try to get more details as I'm pulling this info off a chart on the NEM website. NEM is against hedging, but could be stuck with hedges from the Normandy buyout. Overall, this is a small percentage of reserves.
While NEM has a 100% ownership in some mines, in others, NEM owns a percentage. NEM owns 51% of the Yanacocha mine. Last quarter, this mine contributed 28.7% of NEM's gold. For the year, Yanacocha is expected to provide 21.8% of NEM's gold. Yanacocha is expecting to spend major money on exploration in Peru, in the 1.5-2 billion range. It is doubtful that Peru will nationalize mines. All that mining investment money would leave. NEM President Pierre Lassonde has warned Peru about the importance of keeping a good investment environment.
Copper has been increasing faster than gold. Last quarter, copper contributed 12% of NEM's revenue. Copper sells for about $3.50 per pound. NEM expects to mine over 250 million pounds of copper at .64 per pound.
NEM has a portfolio of royalties, investments in oil, as well as, a huge amount of land that is being explored. NEM is a solid gold share investment. It is not the same as owning gold or GLD.
NEM comes with more risk than gold, but with even greater potential.
posted by ron s miller at 2:22
]]> Sun, 28 Oct 2007 16:21:23 -0400 Newmont Mining Report by Ron S Miller
Lately, Newmont Mining(NEM) has been lagging the price of gold. NEM shareholders expect NEM to outperform the metal. Here is some basic information regarding NEM.
NEM Projections 2006 (millions) :
Consolidated ounces of Gold: 7.7-7.9
Equity ounces of Gold: 6.1-6.25
Average Cost: 280-295
Consolidated ounces of Copper: 470-475 pounds
Equity ounces of Copper: 250-255 pounds
Average Cost: .64
Yanacocha( Peru):
Consolidated Ounces of Gold: 2.585-2.620
Equity ounces of Gold: 1.330-1.345
Average Cost: 185-195
Newmont shows a total of 1,850,000 ounces of gold under Price Capped Contracts in a chart entitled Gold Derivative Position. Most of this is for 2008-2009. I'll try to get more details as I'm pulling this info off a chart on the NEM website. NEM is against hedging, but could be stuck with hedges from the Normandy buyout. Overall, this is a small percentage of reserves.
While NEM has a 100% ownership in some mines, in others, NEM owns a percentage. NEM owns 51% of the Yanacocha mine. Last quarter, this mine contributed 28.7% of NEM's gold. For the year, Yanacocha is expected to provide 21.8% of NEM's gold. Yanacocha is expecting to spend major money on exploration in Peru, in the 1.5-2 billion range. It is doubtful that Peru will nationalize mines. All that mining investment money would leave. NEM President Pierre Lassonde has warned Peru about the importance of keeping a good investment environment.
Copper has been increasing faster than gold. Last quarter, copper contributed 12% of NEM's revenue. Copper sells for about $3.50 per pound. NEM expects to mine over 250 million pounds of copper at .64 per pound.
NEM has a portfolio of royalties, investments in oil, as well as, a huge amount of land that is being explored. NEM is a solid gold share investment. It is not the same as owning gold or GLD.
NEM comes with more risk than gold, but with even greater potential.
posted by ron s miller at 2:22
]]> http://seekingalpha.com/article/10385/comments?source=feed#comment-100020 100020 Sat, 27 Oct 2007 01:28:58 -0400