Goldcorp CEO & President Chuck Jeannes, “Our balance sheet is in great shape”

“I believe the long term fundamentals supporting a strong gold price remain firmly in place” and ”In terms of longterm, we are comfortable with our plans,” Chuck Jeannes(President & CEO) said.

Red Lake in Ontario had an excellent quarter, with a good performance in theHigh Grade Zone leading to strong gold production. Production at Peñasquito in Mexico was in line with Goldcorp’s expectations and grade reconciliation continues to be very strong.

“In light of recent volatility in gold and other metals prices we have completed a review of capital spending, exploration and general and administrative costs,” Chuck Jeannes(President & CEO) said.

Goldcorp expect’s grades at Peñasquito to increase over the balance of 2013 resulting in higher production as mining progresses.

“We were pleased to begin 2013 on a positive note” and “Our balance sheet is in great shape,”  Chuck Jeannes(President & CEO) said.

With a timely advancement of three gold growth projects currently under construction that are expected to drive forecast 70% production growth in the next five years. Goldcorp is focusing on growth and a strong balance sheet. Goldcorp has adopted an all-in sustaining cash cost measure that the Company believes more fully defines the total costs.

“Never let a good crisis go to waste,” Chuck Jeannes, Goldcorp President and Chief Executive Officer said about Goldcorp mining in low geopolitical risk areas and a commitment to responsible mining associated with producing low-cost gold to reflect the fluctuations in the price of gold moving forward.

Operating costs were $1,135 per ounce of gold on an all-in sustaining cost basis, $565 per ounce on a by-product basis and $710 on a co-product basis.

First Quarter 2013 Highlights:

• Revenues totaled $1.0 billion.

• Gold sales totaled 595,100 ounces.

• All-in sustaining costs totaled $1,135per ounce, $565 per ounce on a by-product basis and $710 per ounce on a co-product basis.

• Adjusted operating cash flow totaled $400 million or $0.49 per share.

• Adjusted net earnings were $253 million.

• Dividends paid amounted to $122 million.

• Issued $1.5 billion in senior unsecured notes.

• Commercial production declared at Pueblo Viejo.

Goldcorp reported quarterly revenues of $1.0 billion in 2013 compared to $404 million in the first quarter of 2012. Reported net earnings were $309 million compared to $479 million in the first quarter of 2012. Adjusted operating cash flow was $400 million.

Goldcorp CEO & President Chuck Jeannes, “Our balance sheet is in great shape”

“Our shareholders can count on continued discipline as we advance our growth strategy” and “Focus on execution and prudent cost management at our mines and projects,” Chuck Jeannes, Goldcorp President and Chief Executive Officer said.

With over half of the capital spending related to Cerro Negro in Argentina, Éléonore in Quebec and Cochenour in Ontario to be completed by the end of 2013. Goldcorp remains comfortable with guidance of $2.8 billion in capital spending for the year. Goldcorp assure’s that shareholders can count on continued discipline as the company advances their growth strategy and focus on execution and prudent cost management at Goldcorp mines and projects. Goldcorp is one of the world’s fastest growing senior gold producers with operating assets in Canada, U.S., Mexico and [Central & South] America.

READ FULL REPORT:  [ Goldcorp Reports 2013 First Quarter Results; Annual Guidance Reconfirmed ]

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** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **

Written By Adrian Mitchell And Woodlawn Post Staff

Barrick Gold reported strong Q1 2013 financial and operating results and the company is taking strong action and re-focusing their business based on the principle that returns will drive production and production will not drive returns. Barrick’s stock has lost almost 40% of its trading value since the beginning of the year 2013.

“We don not run our business on high gold prices” and “Our average gold costs are  already the lowest among our peers,” Barrick CFO & Executive Vice President Ammar Al-Joundi said.

 2013 Financial And Operating Results:

• Net earnings of $847 million ($0.85 per share)

• Adjusted net earnings of $923 million ($0.92 per share)

• Operating cash flow of $1.09 billion

• Adjusted operating cash flow of $1.16 billion

Barrick Gold plans to maintain it’s status as the world’s largest gold producer by cost & management, quality portfolio of mines, providing strong returns for investors(potential sale of non-core assets) and leading a fundamental change in the gold industry.

“We still have work to do,” Barrick CEO & President Jamie Sokalsky said.

Barrick Gold management plans to drive this new paradigm is the gold mining business with 5 key mines that produce 60% of the companies production.

The company continues to position itself as one of the “best” gold mining companies based on the quality of their mine’s, life of their mines and long-term gold production capacity.

“We have a strong core business even in a lower gold price environment,” Barrick CEO & President Jamie Sokalsky said.

Barrick Gold is leading the Paradigm shift in industry and while 2013 is a transition period, both China and India will play a major role in the companies focus on profitability and less emphasis on growth. The company announced a dividend of 20 cents per share for shareholders.

Barrick Gold CEO & President Jamie Sokalsky, "We still have work to do"

READ FULL REPORT: [ Barrick Reports Q1 2013 Results ]

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** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **

Written By Adrian Mitchell And Woodlawn Post Staff

VANCOUVER – Woodlawn Post participated in the Silver Wheaton Conference Call with Gary Brown(Senior VP & CFO) and Rand Smallwood(President & CEO).

Woodlawn Post During Silver Wheaton Conference Call With JP Morgan, Scotia Bank CIBC & More

“I can tell you what our cost will be in 2015 & 2020” and “We got that confidence & our capital contributions are fixed by contract,” Rand Smallwood(President & CEO) said.

Silver Wheaton(currently the largest metals streaming company in the world) derives more than 90% of its revenue from the sale of silver. Silver Wheaton declared its first quarterly cash dividend payment for 2013 of US$0.14 per common share.

“2012 was a tremendously successful year for Silver Wheaton” and “The company set new financial and operative records,” Rand Smallwood(President & CEO) said.

Silver Wheaton had record attributable silver equivalent production of 8.5 million ounces in Q4 2012 and 7.7 million ounces in Q3 2012, representing an increase of 22% and 10%, respectively.

Woodlawn Post During Silver Wheaton Conference Call With JP Morgan, Scotia Bank CIBC & More

“In 2012 our attributable production increased for the fourth consecutive year to a record 29.6 million silver acquivalent ounces,” Rand Smallwood(President & CEO) said.

Adrian Mitchell for Woodlawn Post. Looking at the 80% growth that you projected, how will that reflect on your operating activities and dividend moving forward?

“Well because the dividend is connected to 20% operating activities, our dividend will grow with that organic growth” and “We are bullish on precious metals prices on a longterm basis” and “This is the best market we ever seen for opportunities to make acquisitions,”  Rand Smallwood President & CEO said.

Silver Wheaton had record silver equivalent sales of 9.1 million ounces in Q4 2012 and 5.1 million ounces in Q3 2012, representing an increase of 53% and 78%, respectively.

Silver Wheaton anticipates a 13% year over year increase in its 2013 attributable production to approximately 33.5 million silver equivalent ounces, including 145 thousand ounces of gold.

“Our policy, investing in low cost high quality assets with strong operative partners” and We remaining extremey busy evaluating new opportunities,” Rand Smallwood(President & CEO) said.

In 2017, Silver Wheaton forecasts 53 million ounces of silver equivalent production & 180 thousand ounces of gold. This growth is driven by Silver Wheaton’s portfolio of low-cost and long-life assets like Barrick’s Pascua-Lama project, Hudbay’s Constancia project, and Vale’s Salobo and Sudbury mines.

Woodlawn Post During Silver Wheaton Conference Call With JP Morgan, Scotia Bank CIBC & More

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** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **

Written By Adrian Mitchell And Woodlawn Post Staff

“I am pleased to announce a 21 percent increase in our first quarter 2013 dividend compared to the same period last year,” said Gary Goldberg, President and Chief Operating Officer.

In 2012″]

Newmont Announces 2013 Quarterly Dividend, [Net Income of $1.9 Billion & Gold Reserves

“We were pleased to return the highest dividends in the gold industry on a per share basis in 2012,” said Gary Goldberg, President and Chief Operating Officer.

The company reported net income from continuing operations of $1.9 billion or $3.80 per basic share ($3.78 per share on a fully diluted basis) in 2012, compared with $0.5 billion, or $1.02 per share in 2011. Adjusted net income[1] was $1.9 billion or $3.71 per share in 2012, compared with $2.2 billion, or $4.31 per share a year ago.

2012 Highlights include:

• Gold reserves of 99.2 million ounces;
• Copper reserves of 9.5 billion pounds;
• The addition of 2.9 million ounces of gold reserves at the Merian project in Suriname; and
• The addition of 2.6 million ounces of gold inferred resources at the Long Canyon project in Nevada.

“We are pleased to announce 6.6 million ounces of gold reserve additions in 2012 at higher grades than depleted, with 2.9 million ounces of new reserves declared at Merian in Suriname” and ”We also declared 2.6 million ounces of gold inferred resource at Long Canyon in Nevada,” President and Chief Operating Officer Gary Goldberg said.

The company  announced it increased attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012.

Gold and copper reserves¹ were calculated at $1,400 per ounce, and $3.25 per pound, respectively. A $100 increase in gold price would result in an approximate 2.8% increase in gold reserves while a $100 decrease in gold price would result in an approximate 7.6% decrease in gold reserves. Gold and copper price related reserve additions accounted for 1.5 million ounces of gold and approximately 0.1 billion pounds of copper in 2012.

Attributable measured and indicated gold resources for 2012 were 22.3 million ounces. In addition, attributable inferred gold resources were 17.9 million ounces.  Attributable measured and indicated copper resources for 2012 were 2.2 billion pounds. In addition, attributable inferred copper resources were 970 million pounds. Gold and copper resources were calculated using prices of $1,600 per ounce and $3.50 per pound, respectively.

Attributable proven and probable silver reserves for 2012 were 186 million ounces.  Attributable measured and indicated silver resources for 2012 were 53 million ounces, with additional inferred silver resources of 35 million ounces. Silver reserves and resources were calculated using prices of $30 and $35 per ounce, respectively.

2012 Financial Results:

• Annual revenue of $9.9 billion;
• Record regular dividends paid to shareholders of $695 million, or $1.40 per share, representing a payout ratio of 38% of adjusted net income;
• Gold operating margin of $985 per ounce;
• Operating cash flow of $2.4 billion;
• Attributable gold and copper production of 5.0 million ounces and 143 million pounds, respectively;
• Gold and copper consolidated costs applicable to sales (“CAS”)[2] of $677 per ounce and $2.34 per pound, respectively;
• All-in sustaining cost[3] of $1,149 per ounce; and
• Average realized gold and copper price of $1,662 per ounce and $3.43 per pound, respectively.

Q4 2012 Financial Results:

• Approved Q1 2013 dividend payable of $0.425 per share;
• Attributable gold and copper production of 1.3 million ounces and 35 million pounds, respectively;
• Gold and copper CAS of $720 per ounce and $2.61 per pound, respectively;
• All-in sustaining cost of $1,192 per ounce; and
• Average realized gold and copper price of $1,700 per ounce and $3.22 per pound, respectively.

Newmont plans to  maintain their competitive advantage by focusing on reducing our total cost of production. The company plans to continue building a sustainable mining business that delivers top quartile shareholder returns while leading in safety, environmental stewardship and social responsibility.

In 2012″]

Newmont Announces 2013 Quarterly Dividend, [Net Income of $1.9 Billion & Gold Reserves

READ FULL REPORT: [ Newmont Announces Net Income from Continuing Operations of 1.9 Billion]

SOURCE Newmont Mining Corporation

Goldcorp CEO & President Chuck Jeannes, "Excellent Quarterly Performances At Our 2 Largest Mines"

Goldcorp has adopted an all-in sustaining cash cost measure that the Company believes more fully defines the total costs associated with producing gold, that began in 2013.

“Key priority in 2013 is the timely advancement of our three gold growth projects currently under construction that are expected to drive forecast 70% production growth in the next five years,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer.

Goldcorp announced that proven and probable gold mineral reserves increased by 4% to 67.1 million ounces, the 9th consecutive year that Goldcorp has increased gold reserves. Goldcorp announced that proven and probable silver mineral reserves totaled 1.2 billion ounces, representing one of the largest silver reserves in the industry.

Fourth Quarter 2012 Highlights:

• Revenues totaled $1.4 billion on gold sales of 645,100 ounces.
• Operating cash flows before working capital changes totaled $721 million or $0.89 per share.
• Adjusted net earnings totaled $465 million, or $0.57 per share.
• All-in sustaining cash costs totaled $910 per ounce, $360 per ounce on a by-product cash cost basis, and $621 per ounce on a co-product cash cost basis.
• Dividends paid amounted to $110 million.  Annual dividend increased 11% to $0.60 per share.

Full-Year 2012 Highlights:

• Revenues increased to a record $5.4 billion on gold sales of 2.3 million ounces.
• Operating cash flows before working capital changes totaled $2.4 billion or $2.97 per share.
• Adjusted net earnings totaled $1.6 billion, or $2.03 per share.
• All-in sustaining cash costs totaled $874 per ounce, $300 per ounce on a by-product cash cost basis, and $638 per ounce on a co-product cash cost basis.
• Dividends paid amounted to $438 million.
• Proven and probable gold mineral reserves increased 4% to 67.1 million ounces or 3.5% on a per share basis^.

The company reported record Q4 gold production of 700,400 ounces compared to gold production of 687,900 ounces in Q4 of 2011. Gold sales in Q4 were 645,100 ounces on production of 700,400 ounces.  This compares to sales of 685,000 ounces on production of 687,900 ounces in Q4 of 2011.

“Excellent quarterly performances at our two largest mines resulted in a strong finish to 2012 and position Goldcorp for a much improved 2013,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer.

Reported net earnings in the quarter were $504 million compared to $405 million in Q4 of 2011. Adjusted net earnings in Q4 totaled $465 million, or $0.57 per share, compared to $531 million or $0.66 per share, in Q4 of 2011.

“Goldcorp’s consistent strategy is centered on realizing strong shareholder value in a challenging industry through growing, low-cost production,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer.

Operating cashflows before working capital changes totaled $721 million compared to $831 million in Q4 of 2011. For the twelve months ended December 31, 2012, revenues totaled $5.4 billion.

READ FULL REPORT:  [ Goldcorp ]

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First Majestic owns and operates five producing silver mines in Mexico; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, and the Del Toro Silver Mine. Production from these five mines is anticipated to be between 11.1 to 11.7 million ounces of pure silver in 2013.

First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur’s Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur’s Proposal.

At the heart of the battle for Orko is the La Preciosa deposit in Mexico, one of the world’s largest undeveloped silver projects.

“We are pleased that Orko’s Board of Directors unanimously determined that our proposal is superior to the First Majestic offer,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Orko said its board had determined that Coeur’s stock and cash offer of C$2.70 was superior to First Majestic’s offer of cash and shares. The First Majestic offer was worth C$2.72 per share when it made its offer on December 16 but is now valued at C$2.16 as First Majestic’s shares have fallen.

The company will report its fourth quarter and year-end 2012 financial results on Thursday, February 21, 2013 before the New York and Toronto stock exchanges open for trading.  There will be a conference call that day at 1:00 p.m. Eastern time.

The conference call and presentation will also be webcast on the Company’s website www.coeur.com.

CIBC Institutional Investor Conference: Goldcorp Inc. "Our Focus Is On Execution"

Goldcorp President & CEO Chuck Jeannes discussed how Goldcorp has a great balance sheet, variety of quality projects in the pipeline, excellent 5-year plan, less than $1 billion in Long-term debt and the company has a BBB+ investment grading.

“Lot of reason to be excited going forward” and “2014 strong free, cash flow position“, President & CEO of GoldCorp Chuck Jeannes said.

Goldcorp had a strong Q4 2012 gold production totaling 696,700 ounces and the company expects to grow approximately 10% to between 2.55 and 2.80 million ounces moving forward. Goldcorp President & CEO Chuck Jeannes stated that the power plant completion at Pueblo Viejo is a milestone.

“2013 gold production from Pueblo Viejo is expected to be between [330,000 and 435,000] ounces,” President & CEO of GoldCorp Chuck Jeannes said

President & CEO Chuck Jeannes forecast a five-year gold production plan that will increase to 4.0 – 4.2 million ounces by 2017. Attributed to the [reduction-in-cost] over time as Pueblo Viejo and Argentina ram-up and are added on to the cost structure.

CIBC Institutional Investor Conference: Goldcorp Inc. "Our Focus Is On Execution"

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