VanEck Vectors Global Alternative Energy ETF

Published : December 14th, 2015

How Is Newmont Positioning in the Face of Volatile Gold Prices?

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Debt | Dollar | Gold | Market | Volatility |

How Is Newmont Positioning in the Face of Volatile Gold Prices?

Newmont Mining Is Positioning Itself for Volatile Metal Prices

(Continued from Prior Part)

Gold price headwinds

Newmont Mining’s (NEM) management said that while gold’s fundamental story is intact, there could be reasonable headwinds for gold going forward 24 months. This is on the back of potential rate hikes as well as the strong outlook for the US dollar (UUP). Newmont’s management provided a detailed scenario analysis of how the company is positioning itself in the event of a volatile metal price environment.

Positioning for gold price volatility

The company’s management mentioned that at the current gold prices, they would continue to advance profitable projects, pursue exploration projects, pay dividends, and repay debt. They’ll also review the seventh phase of Batu Hijau and the Ahafo mill expansion.

If prices fall below $1,000 per ounce of gold, they’ll complete the ongoing projects but defer some of the stripping and sustaining capital. This will reduce exploration spending and mothball the company’s lowest-margin operations. The company would also discontinue early debt repayments and reevaluate its dividend payments. In a scenario where gold prices remain sustainably above $1,100 per ounce, the company could accelerate its debt repayment and follow up on their most promising exploration projects.

Gold price assumption

It’s also worth mentioning that Newmont could reduce its gold price assumption for the calculation of year-end reserves by $100 per ounce to $1,200 per ounce. The company also plans to maintain its annual dividend of $0.10 at gold prices below $1,300 per ounce.

Many of Newmont’s peers have also taken steps in the past to weather this volatile gold price environment. Goldcorp (GG) and Barrick Gold (ABX) reduced their dividends by 60% in their 2Q15 results. Other miners such as AngloGold Ashanti (AU) and Harmony Gold Mining (HMY) have also opted for portfolio restructuring.

Continue to Next Part

Browse this series on Market Realist:

Read the rest of the article at finance.yahoo.com

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : HMY
ISIN : US4132163001
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Harmony Gold is a gold producing company based in South africa.

Harmony Gold develops gold and silver in Papua New Guinea and in South Africa, and holds various exploration projects in South Africa.

Its main assets in production are RANDFONTEIN UG, HARMONY 2, KALGOLD, TARGET, ELANDSKRAAL UG OPERATING SHAFT, TSHEPONG, EVANDER - 2, 3 & 5, ELANDSRAND, ELANDSKRAAL, JOEL MINE, WELKOM, EVANDER, EVANDER - MINE ON CARE, EVANDER PROJECTS BELOW INFRASTRUCTURE-EVANDER SOUTH, EVANDER STOCKPILE, BAMBANANI, PHAKISA, FREE GOLD WEST, ST HELENA, JOEL, FREE GOLD SHAFT CARE & MAINTENANCE, FREE GOLD STOCKPILE, RANDFONTEIN SURFACE STOCKPILE, ELANDSKRAAL - DEELKRAAL UG SHAFT ON CARE, ORKNEY UG OPERATING SHAFT, ORKNEY UG SHAFTS ON CARE, MERRIESPRUIT 1, MERRIESPRUIT 3, UNISEL, BRAND 3, MASIMONG, MINES ON CARE-FREE STATE, EVANDER 7, EVANDER 8, EVANDER PROJECT BELOW INFRASTRUCTURE ROLSPRUIT, EVANDER PROJECTS BELOW INFRASTRUCTURE POPLAR, EVANDER OPERATIONS, RANDFONTEIN OPERATIONS, PAMODZI (FREE STATE), DOORNKOP, EVANDER (BELOW INFRASTRUCTURE), NYALA and FREE GOLD in South Africa, HAMATA and WAFI in Papua New Guinea and SOUTH KAL MINES, UNION REEFS, BENDIGO and HIDDEN VALLEY in Australia, its main assets in development are HIDDEN VALLEY & KAVEROI in Papua New Guinea and BLOEMHOEK in South Africa and its main exploration properties are VIRGINIA OPERATIONS, PHOENIX, FREE STATE SURFACE and MIDDELVLEI in South Africa and GOLPU and NAMBONGA in Papua New Guinea.

Harmony Gold is listed in France, in Germany, in United Kingdom and in United States of America. Its market capitalisation is 465.9 millions as of today (€ 419.1 millions).

Its stock quote reached its highest recent level on July 27, 2012 at 9.99, and its lowest recent point on November 20, 2015 at 0.53.

Harmony Gold has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of VanEck Vectors Global Alternative Energy ETF
2/13/2019Harmony Gold in talks to build solar power plant
4/13/2018Harmony Gold says $519,000 of metal stolen from S. African m...
8/18/2017S.Africa's Harmony Gold eyes acquisitions after FY earnings ...
Project news of VanEck Vectors Global Alternative Energy ETF
4/26/2016Notification of an acquisition of beneficial interest in sec...
4/13/2016New significant copper-gold drill results at Harmony’s Kili ...
4/12/2016Fatality at Harmony’s Phakisa mine
4/11/2016Fatality at Harmony’s Kusasalethu mine
1/29/2016Fatality at Harmony’s Masimong mine
8/7/2015Fatality at Harmony’s Joel mine
4/7/2015Fatality at Harmony’s Unisel mine
3/25/2015Harmony intersects highly significant copper gold mineralisa...
6/30/2007(Hidden Valley & Kaveroi)2007 Technical report
Corporate news of VanEck Vectors Global Alternative Energy ETF
7/26/20165 Hot South African Mining Stocks That Hedge Funds Love
7/18/2016Harmony meets annual production guidance; creates further ca...
7/6/2016Market Signals Most Active Stocks in the Gold Sector
5/10/2016Harmony to share presentation at the Global metals, mining a...
4/15/2016Harmony takes note of new draft Mining Charter
4/14/2016Harmony provides production overview
1/27/2016Harmony Gold Mining (HMY) Worth a Look: Stock Rises 7.1%
1/25/2016Harmony guides third consecutive quarter of increased produc...
1/20/20163 Reasons Why Harmony Gold Mining (HMY) is a Great Momentum ...
1/20/2016Harmony Gold Back From Brink as South Africa's Rand Drops: C...
1/13/2016Chipotle, Morgan Stanley Among the Afternoon’s Big Movers
1/13/2016Notable option activity in equity names
1/8/2016Harmony Gold Mining (HMY) in Focus: Stock Up 8.3% in Session
1/7/2016Can The Uptrend Continue for Harmony Gold Mining (HMY)?
1/5/2016Why Are These Stocks Surging Today?
1/5/20163 Materials Stocks Starting 2016 With Huge Keltner Breakouts
1/4/2016Gold Stocks under Review -- McEwen Mining, Harmony Gold Mini...
12/23/2015Pre-market Insights on Gold Stocks -- Harmony Gold Mining, S...
12/18/2015Technical Data on Gold Stocks -- Harmony Gold Mining, Sandst...
12/17/2015CF Industries Starts Up Urea Plant at Donaldsonville Complex
12/17/2015Dealings in securities by director
12/2/20158:32 am Harmony Gold announces the repayment of R1.1 bln in ...
12/2/2015Harmony reduces debt as cash position strengthens
11/28/2015Hedge Funds Steering Clear of Nova Measuring Instruments Ltd...
11/6/2015Harmony partnering with its communities
11/5/20154:48 am Harmony Gold misses by $0.06; beats on revs
11/5/2015Harmony proves its critics wrong
11/4/2015International companies to host live webcasts at Deutsche Ba...
11/3/2015Grant of matching restricted shares
10/23/2015Harmony publishes its suite of reports for the financial yea...
10/8/2015Considerable increase in Harmony’s production quarter on qua...
10/2/2015Harmony and unions reach fair and reasonable wage agreement
10/1/2015Vesting of performance shares
9/11/2015Harmony takes steps to address Continued Listing Standard No...
8/22/2015Consumer Sentiment Index Falls: Gold Isn’t Impacted
8/20/2015US Dollar Impacts Exports and Widens the US Trade Deficit
8/19/2015Harmony Gold (HMY) Posts Bigger Loss in Q4, Revenues Down
8/11/2015Platinum Prices Fall as Investors and Miners Await Key Data
7/15/2015Harmony provides quarterly and year end guidance; update on ...
6/17/2015Edited Transcript of HAR.J earnings conference call or prese...
4/23/2015Gold Prices Settle near Monthly Lows: US Dollar Index Apprec...
4/21/2015Harmony’s production guidance for quarter 3, financial year ...
3/31/2015Harmony Gold supportive of collaborative approach
3/25/2015Good News for South Africa: Rand Strengthened against the US...
3/25/2015Explosion at Brand One ventilation shaft in Welkom
3/23/2015Harmony Gold Mining (HMY) Looks Good: Stock Up 5.5% - Tale o...
3/11/2015Strong dollar drives gold prices lower: Will it break the ch...
3/9/2015Declining US unemployment rate a boost to the economy
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (HMY)PARIS (HG.PA)
9.82+0.20%8.15+1.75%
NYSE
US$ 9.82
09/19 16:24 0.020
0.2%
Prev close Open
9.80 10.00
Low High
9.80 10.05
Year l/h YTD var.
5.47 -  11.22 61.51%
52 week l/h 52 week var.
3.54 -  11.22 134.37%
Volume 1 month var.
1,990,901 -10.16%
24hGold TrendPower© : -7
Produces Gold
Develops Gold - Silver
Explores for Copper - Gold - Molybdenum - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202459.67%9.9710.06
202380.88%6.582.93
2022-17.27%5.501.94
2021-12.18%5.763.00
202031.09%7.611.76
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.11+2.24%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+1.18%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.10+1.94%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.26+4.66%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.34+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.88+6.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 41.21+2.08%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
VanEck Vectors Global Alternative Energy ETF profile | VanEck Vectors Global Alternative Energy ETF news | VanEck Vectors Global Alternative Energy ETF market Indicators | VanEck Vectors Global Alternative Energy ETF projects and resources | VanEck Vectors Global Alternative Energy ETF valuation | Go to VanEck Vectors Global Alternative Energy ETF properties | VanEck Vectors Global Alternative Energy ETF corporate presentation | VanEck Vectors Global Alternative Energy ETF annual report | VanEck Vectors Global Alternative Energy ETF management | VanEck Vectors Global Alternative Energy ETF interactive charts | VanEck Vectors Global Alternative Energy ETF free charts | VanEck Vectors Global Alternative Energy ETF NYSE | VanEck Vectors Global Alternative Energy ETF PARIS | VanEck Vectors Global Alternative Energy ETF FRANKFURT
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.