Repriced Gold Equities Still Rated Buys
Gold – A recalibrated valuation model by GMP Securities shows that some gold companies can weather a gold price drop better than others.
Gold – A recalibrated valuation model by GMP Securities shows that some gold companies can weather a gold price drop better than others.
Gold – Centerra Gold Inc. (TSX:CG) said on Saturday that road access was re-established and power restored to its Kumtor mine in Kyrgyzstan, following an operational suspension last week.
Gold – The gold market had some much-needed good news on Thursday, with the price rising $22 after Asian stock markets tanked.
Gold – Centerra Gold Inc. (TSX:CG) announced that the road leading to the Kumtor mine has been blocked by an illegal community protest, which is impacting the movement of supplies and personnel to and from the mine, but that mine operations are not affected.
A stronger dollar, helped by a decline in the number of Americans filing jobless claims, rising stocks markets and a breach of key chart levels, triggered heavy selling of US futures this week.
Gold – Gold took a big hit mid-week when the US Federal Reserve suggested an end to quantitative easing, but the precious metal rallied on Thursday to regain some of the lost ground.
Tellurium – Centerra Gold Inc. (TSX:CG) made two announcements in regards to a parliamentary decree issued to its Kumtor mine along with the claim from the State Agency for Environmental Protection and Forestry, in the Kyrgyz Republic.
Gold – Centerra Gold Inc. (TSX:CG) released its year-end and fourth-quarter results for 2012, commenting that it recorded a net loss of $68 million, or $0.29 per share, during Q4. That's compared to net earnings of $79.4 million for the year-ago quarter.
Gold – Centerra Gold Inc. (TSX:CG) has responded to media reports regarding their Kumtor Project, which among other things, said that there were recommendations for the Government of the Kyrgyz Republic to open negotiations for terms surrounding the governance of the Kumtor Project is governed, with the end goal of applying a new tax regime, and levying higher environmental charges.
Gold – Aurizon has recommended that shareholders reject a $4.6-per-share hostile bid as "inadequate and opportunistic."
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