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SOURCE Analysts' Corner
NEW YORK, September 11, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Newmont Mining Corporation (NYSE: NEM), Eldorado Gold Corporation (NYSE: EGO), AngloGold Ashanti Limited (NYSE: AU), Gold Fields Limited (NYSE: GFI), and Harmony Gold Mining Company Limited (NYSE: HMY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Newmont Mining Corporation Research Report
On September 3, 2013, Newmont Mining Corporation (Newmont) announced the appointment of Laurie Brlas as the Company's Executive Vice President and CFO, with effect from September 9, 2013. According to Newmont, in her new position, Brlas will oversee the Company's global finance, business planning, value assurance, tax, treasury, internal audit, supply chain, information technology, and investor relations functions. The Company also announced that Tom Mahoney, who served as the interim CFO of Newmont since May 2, 2013, will resume his role as Vice President and Treasurer, and report to Brlas. The Full Research Report on Newmont Mining Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/39a7_NEM]
Eldorado Gold Corporation Research Report
On September 5, 2013, Eldorado Gold Corporation's (Eldorado) CEO Paul N. Wright provided a progress report on the Company's exploration programs for H1 2013. Eldorado reported that 106,500 meters of drilling have been completed year to date at exploration programs in China, Turkey, Brazil, Romania, and Greece. As per the Company, exploration highlights included the discovery of two high grade zones of mineralization within the Qinlongtan mining license at Tanjianshan; completion of 18,500m of resource upgrade drilling at White Mountain and 6,800m of resource upgrade drilling at Jinfeng; and further definition of high grade ore shoots at the Kokarpinar Vein target at Efemcukuru. Commenting on the exploration report, Wright said, "The results from the exploration programme are particularly encouraging as they are supportive of increases to the Company's resource and reserve base, and highlight areas for further drill testing." The Full Research Report on Eldorado Gold Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d818_EGO]
AngloGold Ashanti Limited Research Report
On September 6, 2013, AngloGold Ashanti Limited (AngloGold Ashanti) announced that it has made an offer to its unionized employees in South Africa, under the auspices of the gold industry's collective bargaining framework, with the aim of reaching a two-year wage settlement. The National Union of Mineworkers, Solidarity, and United Association of South Africa (UASA) have indicated that their members will accept the improved offer and employees, who were on a strike from September 3, 2013 at the Vaal River Operations, have reported for work. AngloGold Ashanti informed that it is waiting receipt of a formal acceptance of the offer by the unions. Under the agreement, pay levels will rise 7.5% to 8.0% in the first year, effective as at July 31, 2013, and employees will receive Consumer Price Index-linked increases in the second year, effective July 1, 2014. The Full Research Report on AngloGold Ashanti Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2690_AU]
Gold Fields Limited Research Report
On August 22, 2013, Gold Fields Limited (Gold Fields) announced that it has entered into a binding sale and purchase agreement with Barrick Gold Corporation (Barrick) to acquire Barrick's interests in the Granny Smith, Lawlers, and Darlot gold mines (collectively the Yilgarn South Assets) in Western Australia. The acquisition is valued at $300 million, subject to downward working capital adjustments to a maximum of $30 million. Amongst others, Gold Fields expects the acquisition to provide an additional 452,000 ounces of annual production at an all-in sustaining cost of $1,137 per ounce. Also, according to Gold Fields, upon completion of the acquisition, Australia will represent the Company's largest regional production centre with 42% of the Group's production, with Ghana decreasing to 34% and Peru and South Africa remaining largely unchanged at 13% and 11% respectively. The Full Research Report on Gold Fields Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c005_GFI]
Harmony Gold Mining Company Limited Research Report
On September 8, 2013, Harmony Gold Mining Company Limited (Harmony) announced that its employees have accepted the final wage offer made by the Chamber of Mines. According to the Company, employees who are members of the National Union of Mineworkers (NUM) embarked on industrial action on 3 September 2013, which affected all but Harmony's Kusasalethu mine. "Harmony increased its offer in respect of wages and benefits in line with other producers, in the interests of long term industrial relations stability, safety and security in the sector, and on condition that employees returned to work," said Graham Briggs, CEO of Harmony. The Company informed that members of the NUM have accepted the same offer made by other producers in the industry, and have returned to work. The Full Research Report on Harmony Gold Mining Company Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/89b0_HMY]
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