Tag: Investor’s Corner

Gold may decline for a second day in New York after dropping to the lowest level in almost four months on reduced demand for a protection of wealth.

Newmont Mining Corp (NYSE: NEM) closed Thursday’s trading session at $55.37. In the past year, the stock has hit a 52-week low of $42.80 and 52-week high of $65.50.

It is reported that Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a very tight global copper market.

Paramount Resources Ltd. (TSX:POU) has agreed to sell an additional $70 million of its 8.25% senior unsecured notes due 2017 (the “Notes”) at a premium price of $1,030 per $1,000 principal amount to a syndicate of underwriters for public offering in Canada. The offering of additional Notes is expected to close on or about February 4, 2011. Proceeds from the offering will be used for capital expenditures and general corporate purposes.

Read more: http://www.digitaljournal.com/pr/210143#ixzz1CNbonCJs

January 27, 2011 – Southern Copper Corporation (NYSE and LSE: SCCO) (SCC)
announced today a quarterly dividend of 58.0 cents per share, payable on March 1,2011, to shareholders of record at the close of business on February 15, 2011.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 27, 2011) – Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) today announced that its unaudited 2010 fourth quarter results will be released on Tuesday, February 15, 2011 after market closes. A conference call and live audio webcast to discuss the results will be held on Wednesday, February 16th at 11:00 am ET (8:00 am PT).

Santa Fe Gold Corporation (OTC: SFEG) $1.03 Stock has been under a selling pressure on an increased volume compared to its average volume of 161,000. As of this morning, the stock has been unchanged. It has a beta of 1.37 and a volatility average of 55.04 with a 52 wk high of 1.38 and a 52-week low of 0.77.

Capstone Mining (CS: TSX) said Wednesday it produced 18.9 million pounds of copper concentrate in the fourth quarter as output from one of its mines fell behind.

Arcelor Mittal (NYSE:MT) closed Tuesday’s choppy trading session at $37.88.

Lake Shore Gold Corp. (“Lake Shore Gold” or the “Company”) today announced production and expenditure guidance for 2011 including 140,000 ounces of gold mined from all sources and mill production targeted at 125,000 ounces, with an additional 35,000 ounces of gold expected to be in inventory stockpiles at year end. Capital expenditures for the year are projected at $75.0 million, excluding exploration expenditures, capitalized operating costs and gold sales from development assets, with costs largely related to development work at Thunder Creek and Timmins Mine.