Summary Iamgold Corp - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Iamgold Corp (IMG) is a gold mining company involved in the exploration, development, and production of gold in the Americas, Africa, and South America. Its operating gold mines include Essakane gold mine ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at Goldcorp Inc sold 23,120 shares at 15.732USD and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
Following Newmont’s rejection of Barrick’s unsolicited acquisition and proposed alternative for a joint venture of their Nevada assets on March 4, the two senior gold producers formally agreed to and announced their joint venture agreement. Based on consensus net asset values for the contributed assets, Barrick will own 61.5% of the joint venture while Newmont will own 38.5%. The difference in ownership from Newmont’s initially proposed ownership split of 55% Barrick and 45% Newmont stems ...
Following Newmont’s rejection of Barrick’s unsolicited acquisition and proposed alternative for a joint venture of their Nevada assets on March 4, the two senior gold producers formally agreed to and announced their joint venture agreement. Based on consensus net asset values for the contributed assets, Barrick will own 61.5% of the joint venture while Newmont will own 38.5%. The difference in ownership from Newmont’s initially proposed ownership split of 55% Barrick and 45% Newmont stems ...
Following Newmont’s rejection of Barrick’s unsolicited acquisition and proposed alternative for a joint venture of their Nevada assets on March 4, the two senior gold producers formally agreed to and announced their joint venture agreement. Based on consensus net asset values for the contributed assets, Barrick will own 61.5% of the joint venture while Newmont will own 38.5%. The difference in ownership from Newmont’s initially proposed ownership split of 55% Barrick and 45% Newmont stems ...
Following Newmont’s rejection of Barrick’s unsolicited acquisition and proposed alternative for a joint venture of their Nevada assets on March 4, the two senior gold producers formally agreed to and announced their joint venture agreement. Based on consensus net asset values for the contributed assets, Barrick will own 61.5% of the joint venture while Newmont will own 38.5%. The difference in ownership from Newmont’s initially proposed ownership split of 55% Barrick and 45% Newmont stems ...
On March 4, Newmont’s board of directors announced that Barrick’s unsolicited acquisition proposal was not in the best interests of Newmont’s shareholders, an unsurprising roadblock. As we said in our Feb. 25 note, we thought Newmont’s acquisition of Goldcorp was more likely to be completed than a switch to Barrick’s proposed merger. Newmont argues that Barrick’s bid not only offers a negative premium to shareholders, but also does not constitute a “Newmont Superior Proposal†as...
On March 4, Newmont’s board of directors announced that Barrick’s unsolicited acquisition proposal was not in the best interests of Newmont’s shareholders, an unsurprising roadblock. As we said in our Feb. 25 note, we thought Newmont’s acquisition of Goldcorp was more likely to be completed than a switch to Barrick’s proposed merger. Newmont argues that Barrick’s bid not only offers a negative premium to shareholders, but also does not constitute a “Newmont Superior Proposal†as...
On March 4, Newmont’s board of directors announced that Barrick’s unsolicited acquisition proposal was not in the best interests of Newmont’s shareholders, an unsurprising roadblock. As we said in our Feb. 25 note, we thought Newmont’s acquisition of Goldcorp was more likely to be completed than a switch to Barrick’s proposed merger. Newmont argues that Barrick’s bid not only offers a negative premium to shareholders, but also does not constitute a “Newmont Superior Proposal†as...
On March 4, Newmont’s board of directors announced that Barrick’s unsolicited acquisition proposal was not in the best interests of Newmont’s shareholders, an unsurprising roadblock. As we said in our Feb. 25 note, we thought Newmont’s acquisition of Goldcorp was more likely to be completed than a switch to Barrick’s proposed merger. Newmont argues that Barrick’s bid not only offers a negative premium to shareholders, but also does not constitute a “Newmont Superior Proposal†as...
After confirming news that it considered an acquisition of Newmont on Feb. 22, Barrick Gold formally announced an unsolicited bid on Feb. 25. Barrick's all-share offer contains no premium at an exchange rate of 2.5694 Barrick shares for each Newmont share. At Barrick’s current share price, the offer price is roughly $32 per share, which is a 16% discount to our fair value estimate for Newmont but roughly within fair value range due to our very high uncertainty rating. Given Newmont's resistan...
After confirming news that it considered an acquisition of Newmont on Feb. 22, Barrick Gold formally announced an unsolicited bid on Feb. 25. Barrick's all-share offer contains no premium at an exchange rate of 2.5694 Barrick shares for each Newmont share. At Barrick’s current share price, the offer price is roughly $32 per share, which is a 16% discount to our fair value estimate for Newmont but roughly within fair value range due to our very high uncertainty rating. Given Newmont's resistan...
After confirming news that it considered an acquisition of Newmont on Feb. 22, Barrick Gold formally announced an unsolicited bid on Feb. 25. Barrick's all-share offer contains no premium at an exchange rate of 2.5694 Barrick shares for each Newmont share. At Barrick’s current share price, the offer price is roughly $32 per share, which is a 16% discount to our fair value estimate for Newmont but roughly within fair value range due to our very high uncertainty rating. Given Newmont's resistanc...
After confirming news that it considered an acquisition of Newmont on Feb. 22, Barrick Gold formally announced an unsolicited bid on Feb. 25. Barrick's all-share offer contains no premium at an exchange rate of 2.5694 Barrick shares for each Newmont share. At Barrick’s current share price, the offer price is roughly $32 per share, which is a 16% discount to our fair value estimate for Newmont but roughly within fair value range due to our very high uncertainty rating. Given Newmont's resistanc...
After Newmont’s 2018 earnings announcement on Feb. 21, multiple news sources, including The Globe and Mail, reported that Barrick Gold had considered acquiring Newmont. Barrick, which just recently completed the $6 billion acquisition of Randgold on Dec. 31, issued a press release on Feb. 22 confirming the news that it explored an “all-share nil premium transaction†for Newmont (which is acquiring Goldcorp). Newmont shares trade roughly in line with our fair value estimate, so if a transa...
After Newmont’s 2018 earnings announcement on Feb. 21, multiple news sources, including The Globe and Mail, reported that Barrick Gold had considered acquiring Newmont. Barrick, which just recently completed the $6 billion acquisition of Randgold on Dec. 31, issued a press release on Feb. 22 confirming the news that it explored an “all-share nil premium transaction†for Newmont (which is acquiring Goldcorp). Newmont shares trade roughly in line with our fair value estimate, so if a transa...
Newmont produced 5.1 million attributable gold ounces in 2018, falling on the better half of its guidance of 4.9 million to 5.2 million ounces. All-in sustaining costs, or AISC, of $909 per ounce beat guidance of $950 to $990 per ounce, as AISC dropped 9% in the fourth quarter. In all, the company reported a strong finish to the year. Newmont provided 2019 guidance that forecasts attributable production of 5.2 million ounces at AISC of roughly $935 per ounce. Longer term, production will fall t...
Newmont produced 5.1 million attributable gold ounces in 2018, falling on the better half of its guidance of 4.9 million to 5.2 million ounces. All-in sustaining costs, or AISC, of $909 per ounce beat guidance of $950 to $990 per ounce, as AISC dropped 9% in the fourth quarter. In all, the company reported a strong finish to the year. Newmont provided 2019 guidance that forecasts attributable production of 5.2 million ounces at AISC of roughly $935 per ounce. Longer term, production will fall t...
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