Yamana Gold Q4 Profit Soars On Higher Gold Prices; Backs 2011 Production Outlook
Canadian gold mining company Yamana Gold, Inc. (AUY: News ,YRI.TO: News ,YAU.L: News ) reported Wednesday that profit for the fourth quarter soared from last year, reflecting higher gold prices, lower unrealized foreign exchange losses as well as stock-based and other compensations. Excluding items, adjusted earnings per share surged and came in above analysts' expectations by a penny. The company reaffirmed its production outlook for the full-year 2011. Read More...
Active Penny Stocks from the OTCBB and Pinksheets - FNMA, FMCC, KNKT, HAWK
Following trends of FNMA, FMCC hit an early high of $0.615 before dropping below yesterdays closing price. Friday saw 2.7 million shares traded, a loss of just under 1% and its price moves down to $0.5855, Federal Home Loan Mortgage Corp, formerly Freddie Mac, is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors, Read More...
Gold is flying, but this metal stock is sinking
The problem here is not gold stocks, penny stocks — Brazil Gold is trading currently for less than four bits — or even stocks touted by email. The problem is that the hype on the stock could convince someone to take a flyer on a junior gold company hoping to hit a grand slam; there’s a history of stocks that have gone from penny to big-time when their mother lode came in, but Brazil Gold is not a good bet to be the next one. Read More...
Thompson Creek sees capital costs going up in 2011 as demand grows
Thompson Creek Metals Company Inc. says the cost to expand and develop its mines is rising as the entire mining industry ramps up to meet growing demand from the world economy. The company (TSX:TCM) said Friday it expects to spend $591 million this year, up from an earlier estimate of $525 million, driven mostly by higher costs at its Endako expansion project. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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