On May 9, 2014 Goldcorp Inc. (USA) (NYSE:GG ) announced that its Los Filos mine in Guerrero State, Mexico has resumed operations after reaching a new five-year occupancy agreement with the Carrizalillo Ejido.Goldcorp Inc. (USA) (NYSE:GG) weekly performance is -1.78%. On last trading day company shares ended up $24.89. Analysts mean target price for the company is $30.09. Goldcorp Inc. (USA) (NYSE:GG) distance from 50-day simple moving average (SMA50) is -2.52%.
Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) announced it has entered into a binding agreement with Northern Star Resources Limited (“Northern Star”) to sell the Jundee underground gold mine in Australia for total proceeds of approximately US$91 million, comprised of cash at closing of approximately US$77 million plus a further payment of approximately US$14 million for working capital. Northern Star is acquiring all of Jundee’s assets and liabilities including all environmental and employee obligations. Newmont Mining Corp (NYSE:NEM) shares advanced 2.04% in last trading session and ended the day on $24.51. NEM Gross Margin is 33.90% and its return on assets is -10.40%. Newmont Mining Corp (NYSE:NEM) quarterly performance is 11.11%.
Yamana Gold Inc. (USA) (NYSE:AUY)’s shares gained 0.55% to $7.26. The company on May 2 announced the results of the vote for the election of directors held at the Annual and Special Meeting of shareholders on April 30, 2014.Yamana Gold Inc. (USA) (NYSE:AUY) shares moved down -0.28% in last trading session and was closed at $7.20, while trading in range of $7.16 – $7.30. Yamana Gold Inc. (USA) (NYSE:AUY) year to date (YTD) performance is -16.08%.
Options traders observed high put activity on shares of Kinross Gold Corporation (USA) (NYSE:KGC). There were 3.1 puts traded for each call contract yielding a 3.13 put/call ratio. Specifically, 18,990 put and 6,059 call contracts were seen on tape. Kinross Gold Corporation (USA) (NYSE:KGC) ended the last trading day at $4.08. Company weekly volatility is calculated as 2.35% and price to cash ratio as 6.39. Kinross Gold Corporation (USA) (NYSE:KGC) showed a negative weekly performance of -1.21%
Harmony Gold Mining Co., South Africa’s third-largest producer of the metal, said it’s monitoring a potential merger between Barrick Gold Corp. and Newmont Mining Corp. for opportunities to buy discarded assets.Barrick Gold Corporation (USA) (NYSE:ABX) net profit margin is -94.70% and weekly performance is -0.63%. On last trading day company shares ended up $17.36. Analysts mean target price for the company is $20.54. Barrick Gold Corporation (USA) (NYSE:ABX) distance from 50-day simple moving average (SMA50) is -7.02%.
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