November 10th, 2020 | 10:10 CET
Newlox Gold, Agnico-Eagle Mines, Kinross Gold - Gold USD 2,500 in preparation...!
That was a slap in the face today! BioNtech was just around the corner with the Covid-19 vaccination and the safety-oriented investors hit the precious metals again. Gold yesterday lost 4.9% to USD 1,853 after USD 1,952 the day before, and silver was slaughtered by 7.9% to USD 23.7. It has been a long time since the precious metals were hit. The paper-oriented investments in gold followed the announcement with considerable discounts to the south. But, the autumnal precious metal fairs suggest a grumbling. Most gold and silver mines have done their homework in the last 3 years and reduced production costs substantially.
time to read: 3 minutes
|
Author:
André Will-Laudien
ISIN:
CA65151R1001 , CA0084741085 , CA4969024047
Table of contents:
"[...] Internally we expect the resource to significantly grow the deeper we mine. [...]" Dennis Karp, Executive Chairman, Manuka Resources
Author
André Will-Laudien
Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.
Tag cloud
Shares cloud
Newlox Gold - Clean gold shines more
Newlox Gold Ventures Corp. announced that Ryan Jackson, President and CEO of the Company, presented at the CSE Markets Tech Tuesday event.
Newlox R&D is developing OAR (organic aqua regia) technology as a non-toxic and anhydrous alternative to cyanidation for the production of gold and other precious metals. Recent OAR tests conducted by Newlox on high-grade gold ore samples have shown gold recoveries over 90% at constant pressure and average ambient temperature. Tests are currently being carried out to investigate the influence of both temperature and reagent concentration on leaching efficiency. OAR leaching could be a paradigm-shifting technology that not only applies to the conventional global gold mining industry but, also finally brings the alternative mining industry into the 21st century without further severe environmental impact.
The Newlox price has jumped to CAD 0.18 and could soon break out of the sideways range of CAD 0.12-0.18 according to the charts. Capitalization is still very low at around CAD 15 million, but now the all-time high of CAD 0.19 is not far away.
Agnico-Eagle Mines - Golden dividend ahead
Agnico Eagle Mines is an international commodity Company with a primary focus on the gold business. The Company operates production facilities primarily in Canada and Finland. Further projects are located in Mexico and the USA. Agnico-Eagle's LaRonde mine in Quebec is one of the largest gold deposits in Canada.
Agnico reported on October 28, 2020, on its third-quarter results for 2020, with substantial revenues of USD 981 million, an astonishing 44% higher than last year. For the first nine months of this year, net income was USD 306 million or USD 1.27 per share, more than double that of the first three quarters of 2019, despite the Corona Pandemic. The Company decided to increase the quarterly dividend to an impressive CAD 0.35 per share, bringing the current payout yield to 1.5%. This amount is welcome in times of negative interest rates.
Yesterday, the share price suddenly plummeted with a falling gold price, losing 9.3% over the day. The Company has a current market value of USD 21 billion and a share price of USD 76.3. The annual high is USD 89.2. If you are looking for a standard value, you can find what you are looking for with Agnico, at a reduced level.
Kinross Gold - price correction despite gold quarter
For Toronto-based Kinross Gold Corp, revenues from metal sales increased 29% year-on-year to USD 1.13 billion, reflecting higher average gold prices in sales. Kinross is not a big fan of forward-selling and therefore benefits more from rising gold prices than its competitors. Free liquidity now amounts to USD 2.5 billion in the Group.
The average gold price increased by 30% to USD 1,908 per ounce in the third quarter, compared to USD 1,476 per ounce in the same quarter last year. Investors should note that Kinross Gold's profit margin per ounce of gold sold increased by 60%, significantly exceeding the 30% increase in the obtained gold price. Kinross thus underlines the operational progress made in recent years. Thanks to strong metal sales and margin expansion, Kinross Gold's earnings tripled to USD 0.25 per share in the third quarter, while operating cash flow increased by a full 86% year-on-year.
The Company expects its production to increase from 2.3 million ounces today to 2.9 million ounces by 2023, and the pipeline of projects appears to be abundant. Kinross Gold's shares have risen about 82% so far this year, and continue to look attractive on the valuation front. On a 12-month horizon, the gold prospector is trading with a multiple of the Company value to EBITDA of 4.1. This is significantly lower than the average of the peer group of 6.9. Kinross also corrected yesterday by 7.5% - sometimes good things do come more affordably.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.
The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.
