by admin on February 20, 2012
Goldcorp updated shareholders with 2012 production guidance. The company still projects 2.6 Mozs at cash costs of $250-275/oz.
Goldcorp reported an 8% increase in reserves to 64.7 Mozs. Most importantly, the company announced a significant 42% increase (7.8 Mozs) in P&P reserves at Los
Filos to (Los Filos now contains Goldcorp’s third-largest reserve base).
One of the reasons why institutional investors favor Goldcorp is because the mining company has a strong growth profile beyond 2012.
by admin on February 17, 2012
Iron ore companies have been some of the strongest performing mining stocks in 2012. There has been a massive rebound in shares of VALE and FMG.A, two beaten down iron ore producers.
However, investors in the iron ore sector have reason to be nervous.
The best miners are running operating profit margins at over 60 per cent. The price of the raw commodity has increased to $140/tonne.
The question for iron ore investors is whether or not growth in China is slowing. Some investors even fear a “China collapse.”
It has been wildly debated whether or not a property bubble exists in China. Short sellers like Jim Chanos have reportedly been betting against iron ore companies like VALE.