NEW YORK, May 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), AngloGold Ashanti Ltd. (NYSE: AU), Randgold Resources (NASDAQ: GOLD), Royal Gold, Inc. (NASDAQ: RGLD) and Turquoise Hill Resources Ltd. (NYSE: TRQ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1818-100free.
Freeport-McMoRan Copper & Gold Inc. Analyst Notes
On April 24, 2014, Freeport-McMoRan Copper & Gold Inc. (Freeport-McMoRan) reported its financial results for Q1 2014. Net income attributable to common stock for the quarter was $510 million, or $0.49 per diluted share, for Q1 2014, versus $648 million, or $0.68 per diluted share for Q1 2013. Consolidated unit net cash costs for Q1 2014 averaged $1.54 per pound of copper for mining operations and $18.51 per BOE for oil and gas operations, versus $1.57 per pound copper for Q1 2013. Operating cash flows amounted to $1.2 billion, versus $831 million for Q1 2013. Revenues for Q1 2014 increased 8.8% YoY to c.$5 billion. The full analyst notes on Freeport-McMoRan are available to download free of charge at:
http://www.analystsreview.com/1818-FCX-05May2014.pdf
AngloGold Ashanti Ltd. Analyst Notes
On May 1, 2014, AngloGold Ashanti Ltd.'s (AngloGold Ashanti) stock decreased 0.72%, ending the day at $17.97. Over the previous five trading sessions, shares of AngloGold Ashanti increased 0.50% compared to the Dow Jones Industrial Average gained 0.35% during the same period. The full analyst notes on AngloGold Ashanti are available to download free of charge at:
http://www.analystsreview.com/1818-AU-05May2014.pdf
Randgold Resources Analyst Notes
On April 26, 2014, Randgold Resources Limited (Randgold Resources) reported that its Chief Executive Mark Bristow stated in a media briefing that Côte d'Ivoire's investor-friendly new mining code, created in collaboration with its mining industry, will accelerate the country's development as a significant gold producer. The Company informed that it operates the Tongon gold mine in Côte d'Ivoire, and has extensive exploration holdings elsewhere in the country. Bristow added, "Considering the continent's vast mineral wealth, however, it still has a long way to go to deliver on its full potential." Bristow continued, "Investors are deterred by the political and infrastructural risks associated with Africa, but in Côte d'Ivoire we have shown how these challenges can be overcome by a true partnership between a mining company, the government and the people." Bristow concluded, "Randgold is also investing some $6 million in exploration programmes on 12 active permits elsewhere in Côte d'Ivoire." The full analyst notes on Randgold Resources Limited are available to download free of charge at:
http://www.analystsreview.com/1818-GOLD-05May2014.pdf
Royal Gold, Inc. Analyst Notes
On May 1, 2014, Royal Gold, Inc.'s (Royal Gold) stock decreased 2.85%, ending the day at $64.31. For the past one month, shares of Royal Gold advanced 1.85% compared to the Nasdaq Composite which declined 3.29% during the same period. The full analyst notes on Royal Gold are available to download free of charge at:
http://www.analystsreview.com/1818-RGLD-05May2014.pdf
Turquoise Hill Resources Ltd. Analyst Notes
On April 14, 2014, Turquoise Hill Resources Ltd. (Turquoise Hill) released its Q1 2014 production results for Oyu Tolgoi, along with an update on project financing. According to the Company, copper and gold head grades went up in Q1 2014 as the mine deepened. Turquoise Hill stated that these higher grades combined, along with continuing improvement initiatives, resulted in enhanced copper and gold recoveries during the quarter. Oyu Tolgoi expects that it will produce 135,000 to 160,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates for 2014. Providing an update on project financing, the Company informed that all parties involved agreed to send requests to the project finance lenders for extending the commitment letters for the financing of the underground development at Oyu Tolgoi to September 30, 2014. The full analyst notes on Turquoise Hill Resources are available to download free of charge at:
http://www.analystsreview.com/1818-TRQ-05May2014.pdf
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