Edelmetall-Sektor YTD: Große Goldminen vs. kleine Goldminen vs. Gold

YTD zeigen die Majors der Goldminenbranche (GDX, HUI, XAU) bis dato noch relative Stärke gegenüber den Juniorminen (GDXJ) und dem Goldpreis (GLD):

Quelle: bigcharts.com

Wochenrückblick und Performance-Vergleich: Rohstoff-, Minen- und Junior-Sektor

Die Volatilität in der Rohstoff- und Minenbranche bleibt hoch. Die letzte Woche bescherte den Rohstoffen, Rohstoffaktien und insbesondere den Edelmetallaktien unter dem Strich deutliche Verluste.

Sehr große Abschläge gab es in der letzten Woche in der Edelmetallbranche. Gold (GLD) fiel auf Wochensicht weitere 2% zurück, während Silber (SLV) mit einem Minus von 6% kräftig unter die Räder kommt.

Die negative Edelmetall-Performance bringt die Minenaktien unter Druck. Parallel legen zahlreiche große Produzenten letzte Woche ihre Finanzergebnisse vor. Barrick Gold und Newmont Mining überraschen positiv, während Goldcorp die Investoren und den Markt enttäuscht.

Die großen Goldminen (GDX, HUI, XAU) schließen die Handelswoche mit einem Minus von mehr als 4% ab. Noch deutlicher die Verluste bei den großen Silberminen-Firmen (SIL), die über 7% auf Wochensicht einbüßen. Juniorminen im Edelmetallsektor (GDXJ) kommen währenddessen ebenfalls kräftig unter Druck und schließen die Woche mit einer negativen Performance von -4,25% ab.

Die Achterbahnfahrt im Energiesektor der Rohstoffbranche hält an. Während der Gaspreis sich sehr stark letzte Woche zeigt, geht der Ölpreis einmal mehr wieder in die Knie. Dies bringt die Aktien der Öl-Majors (DJUSEN) etwas unter Druck, die auf Wochensicht mehr als 1% verlieren.

Standard-Minenaktien (TXGM) halten sich relativ stabil und schließen die Handelswoche nahezu unverändert ab. Klare Gewinner sind letzte Woche die Aktien der Kupferminen (COPX), die immerhin auf eine positive Performance von mehr als 1% kommen und im Rohstoffsektor damit relative Stärke entfalten können.

Quelle: bigcharts.com

Legende:

·         GLD: SPDR Gold Trust ETF

·         SLV: iShares Silver Trust

·         COPX: Global X Copper Miners ETF

·         GDX: Market Vectors Gold Miners ETF (HUI Comp. ETF)

·         GDXJ: Market Vectors Junior Gold Miners ETF

·         SIL: Global X Silver Miners ETF

·         TXGM: S&P/TSX Global Mining Index

·         DJUSEN: Dow Jones U.S. Oil & Gas Index

Finanzierungen im Juniorminen-Sektor deutlich unter Vorjahres-Niveau

Die aggregierte Summe der Finanzierungen für Juniorminen-Firmen liegt Mitte Februar 2015 erheblich unter dem Level von 2014:

Quelle: haywood.com

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

Der Link zum gesamten Wochen-Report:

The Dig – Haywood Mining Team’s week in review

POSTED ON FEBRUARY 20, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM,

Haywood’s Heritage Moment:  The Koh-INoor or ‘Mountain of Light’. This is a 105 carat diamond that was unearthed in the southern India state of Andhra Pradesh and is one of the most famous diamonds of all time. It’s now part of the British Crown of Jewels. It was famously said that whoever owned the Koh-I-Noor ruled the world.  Source: Mining IQ

Gold Dips Below $1,200 As “Grexit” Concerns Ease

On Friday, euro zone finance ministers drafted an agreement that could see Greece’s financial rescue package extended; however, there are still significant hurdles to any agreement, with Greece’s biggest creditor, Germany, demanding “significant improvements” to reform commitments by the leftist Greek government. The draft comes as the expiration data for the 240 billion EU/IMF bailout program approaches; if an agreement is not reached over the next week, this would likely see Greece exit the currency, sending financial markets (particularly in Europe) into turmoil. In response, the price of gold fell below $1,200 per ounce, down 0.4% for the week before rising slightly again and finishing at $1,201. Other precious metals including silver (down 7%), platinum (down 3.8%) and palladium (down 1.5%) also fell during the week, finishing at $16.21, $1,164 and $780 per ounce respectively. Base metals also had a tough week, following continued negative economic news from China, which included a fifth straight monthly decline in housing prices in January. Copper, nickel, lead and zinc each finished at $2.59, $6.30, $0.80 and $0.92 per pound respectively. WTI crude prices experienced high volatility during the week, falling 5% and finishing at just above $50.00 per barrel on Friday. Finally, the UxC Broker Average Price (BAP) of uranium rose slightly during the week, finishing at $38.38 per pound on Friday.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted

Newmont Mining schlägt Prognosen und bekommt die Kostenseite zunehmend besser in den Griff

Der zweitgrößte Goldproduzent der Welt, die amerikanische Newmont Mining (NYE:NEM), legt diese Woche starke Zahlen vor und kann die Gesamtkosten in 2014 um 10% senken. Dadurch erhöhen sich die Profit-Margen und die Bilanzlage kann bedeutend verbessern werden..

Newmont Mining sees 2015 production, costs flat Y/Y 

Carl Surran, SA News Editor

• Newmont Mining (NYSE:NEM) +1.4% AH following better than expected Q4 earnings and revenues.
• Q4 attributable gold production totaled 1.26M oz., below the 1.45M oz. in the prior-year quarter, due mainly to the impact of divestments; full-year output was 4.85M oz., less than 5.07M oz. produced in 2013.
• Q4 all-in sustaining costs were $927/oz., the second consecutive sub-$1K quarter; full-year all-in sustaining costs were $1,002, a 10% improvement vs. 2013.
• NEM expects 2015 attributable gold production of 4.6M-4.9M oz., with all-in sustaining costs of $960-$1,020/oz.

Newmont Mining  beats by $0.07, beats on revenue

Mohit Manghnani, SA News Editor

• Newmont Mining (NYSE:NEM): Q4 EPS of $0.17 beats by $0.07.
• Revenue of $2.02B (-7.8% Y/Y) beats by $210M.
• Press Release

Quelle: newmont.com

Quelle: newmont.com

Quelle: newmont.com

Quelle: newmont.com

Quelle: bigcharts.com

Quelle: bigcharts.com

Gold:Silver Ratio verharrt auf hohem Niveau

Nach wie vor kann die 70er Marke beim GSR ohne Probleme verteidigt werden:

Quelle: stockcharts.com

Quelle: stockcharts.com

Barrick Gold übertrifft Erwartungen und kündigt massiven Schuldenabbau an

Die Pläne für signifikante Schuldenreduktion kommen bei den Aktionären vom weltgrößten Goldproduzenten Barrick Gold (NYE:ABX) gut an:

Barrick moves higher on debt cut pledge

Yoel Minkoff, SA News Editor

• Despite a net loss of $2.85B due to an after-tax impairment charge, Barrick (NYSE:ABX) reported better-than-expected adjusted earnings of $174M, or $0.15 a share.
• Looking forward, the world's biggest gold producer said it would reduce net debt by at least $3B by year-end through asset sales, lower administration costs and a decentralized operating model.
• Barrick also expects to produce 6.2M-6.6M ounces of gold in 2015 at all-in sustaining costs of $860-$895 per ounce vs. 6.25M ounces of gold at $864 per ounce in 2014.
• ABX +1% AH

Barrick Gold beats by $0.02, beats on revenue 

Gaurav Batavia, SA News Editor

• Barrick Gold (NYSE:ABX): Q4 EPS of $0.15 beats by $0.02.
• Revenue of $2.51B (-14.3% Y/Y) beats by $30M.
• Press Release

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: barrick.com

Quelle: bigcharts.com

Quelle: bigcharts.com

Kupfermarkt: Signifikantes Angebots-Defizit ab 2018 erwartet

Die langfristigen Fundamentals im Kupfersektor verbessern sich weiter..

Copper heading for 1.5 million tonne deficit by 2018

Bernstein senior analyst, Paul Gait, sees a huge copper supply deficit arising over the next few years.

Lawrence Williams | 19 February 2015 

While most mainstream bank analysts don’t see it – perhaps being too fixated on current spot prices in their analyses – global research and investment management group Bernstein senior analyst, Paul Gait, looks to the medium- and long-term view and sees a massive copper supply deficit building over the next few years and reaching as much as 1.5 million tonnes by 2018. Speaking at the Natural Resources Forum Latin America meeting held at London’s Royal Institution, Gait also commented that he does not see the China dominated supercycle as being over, but only about a third into its full course. This suggests a major turnaround in the copper price, which is currently languishing at around the $2.60/lb ($5,700/tonne) mark, over the next two to three years..

Link: http://www.mineweb.com/news/base-metals-and-minerals/copper-heading-1-5-million-tonne-deficit-2018/

Goldcorp schockt Investoren mit Mega-Abschreibung und verfehlt Erwartungen

Der wertvollste Goldproduzent der Welt, die kanadische Goldcorp (NYE:GG), fällt gestern um fast 9% zurück. Heftige Reaktion des Aktienkurses auf die jüngsten Finanzergebnisse, die erheblich unter den Erwartungen lagen. Vor allem eine massive Abschreibung auf das Wachstumsprojekt Cerro Negro in Argentinien belastet die Resultate..

Goldcorp CEO frustrated by reaction to Cerro Negro writeoff 

Carl Surran, SA News Editor

• Goldcorp (NYSE:GG) fell 8.4% today after missing Q4 earnings expectations and posting a huge impairment charge on one of its newest mines, which CEO Chuck Jeannes called "frustrating."
• In today's earnings conference call, the CEO said analysts seemed to expect sales from the Cerro Negro mine and another mine to be included in this quarter’s results, even though he had told them it would not happen.
• Jeannes said he is still positive about Cerro Negro despite the writedown, which came because of high inflation and import and currency restrictions in Argentina; the country has recovered from the sort of crisis it is now experiencing before, he said.
• Despite the disappointing report, analysts remain largely positive on the stock; a BMO analyst today described GG as "the preferred senior gold stock, offering strong production growth, reasonable balance sheet and healthy dividend yield."

Goldcorp misses on Q4 earnings, takes $2.3B writedown on Argentina mine

Carl Surran, SA News Editor

• Goldcorp missed Q4 earnings and revenue expectations, as lower prices and higher costs offset a big jump in production.
• GG's unadjusted $2.4B loss in Q4 was mostly attributable to a $2.3B writedown on its Cerro Negro gold mine in Argentina, which achieved commercial production just after the end of Q4; GG previously had warned it could take a charge of up to $2.7B on the project.
• Q4 gold production totaled a record 890.9K oz., up from 768.9K oz. in the year-ago period, but all-in sustaining costs were much higher at $1,035/oz. from $810/oz. a year earlier.
• GG forecasts 2015 production to rise ~20% Y/Y to 3.3M-3.6M oz. and all-in sustaining costs of $875-$950/oz.; plans capital spending for the year at $1.2B-$1.4B.
• GG expects major contributions from its new operations at Cerro Negro, Eleonore and Cochenour (still in development); Eleonore reached production in October but produced only 18.3K oz. due to issues with a tailings filter press system that the company says have been resolved.
• Also announced proven and probable mineral reserves of 49.6M oz. of gold and 789M oz. of silver.

Quelle: goldcorp.com

Quelle: goldcorp.com

Quelle: goldcorp.com

Quelle: goldcorp.com

Quelle: bigcharts.com

Quelle: bigcharts.com

Relative Größe der globalen Aktienmärkte: Veränderungen von 1899 vs. 2014

Informative Grafik von BusinessInsider, in der erkenntlich ist, dass die USA nach wie vor mit riesigem Abstand die globalen Aktienmärkte dominieren.

Quelle: businessinsider.com

Neues Interview mit John Kaiser über den Juniorminen-Sektor und neue Finanzierungsmodelle

Credit to CEO.CA:

Video: John Kaiser proposes a new system for financing junior miners

POSTED ON FEBRUARY 19, 2015 BY TOMMY HUMPHREYS
CATEGORY FEATURED INTERVIEW, JOHN KAISER, MINERAL EXPLORATION,

In the good old days of Howe Street, venture stock-brokers would act as an intermediary between junior mining companies and investors. This is a somewhat murky ethical practice of the brokers having two masters, both the companies they were helping to get off the ground, and the clients with which they were to serve. Investors tolerated this conflict of interest because they knew what they were getting into, and sometimes, they made a lot of money backing early stage deals.

However, in recent years, large banks have consolidated the brokerage business, now controlling 95% of Canada’s wealth, according to some estimates. The banks do not want their brokers and clients to play in speculative securities like junior miners because of the risks and perceived conflicts of interest. Also, the big banks want to earn a management fee on assets over the long term. Short term transactional business, while excellent in boom years, is not a consistent business model for them.

These are not the only challenges facing the capital formation process for junior miners, according to veteran TSXV analyst John Kaiser. High frequency trading, discount brokerages, and declining commodity prices have all but killed the after-market for shares in junior miners. The result is a system that is collapsing on itself..

Link: http://ceo.ca/2015/02/19/video-john-kaiser-proposes-a-new-system-for-financing-junior-miners/

Nächste Übernahme im Junior-Sektor: Sandstorm Gold übernimmt Gold Royalties Corporation

Sehr günstiger Deal für Streaming- und Royalty-Gesellschaft Sandstorm Gold (TSX:SSL):

Sandstorm Gold Ltd. to Acquire Gold Royalties Corporation

CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND)(TSX:SSL) will acquire 100% of the outstanding common shares in the capital of Gold Royalties (the "Gold Royalties Shares") by way of a statutory plan of arrangement (the "Arrangement").

"Despite a challenged equity market for junior mining, Gold Royalties has successfully built a substantial portfolio of valuable gold royalty assets in Canada. Not only does the agreement with Sandstorm provide a tremendous premium for our shareholders, but equally important, it is structured such that our shareholders continue to have exposure to not only our existing gold royalty assets but also to the diversified and growing royalty portfolio held by Sandstorm," stated Ryan Kalt, Founder & Chief Executive Officer of Gold Royalties Corporation.

Substantial Benefits to Gold Royalties Shareholders

The benefits of the Arrangement Agreement for Gold Royalties shareholders include:

• A significant premium to the Gold Royalties current and recent share price on the TSXV; and,
• Increased trading liquidity and enhanced capital markets profile through holdings in Sandstorm shares which averaged approximately C$1.95 million in daily trading on the TSX and US$5.02 million in daily trading on the NYSE MKT Exchange during 2014; and,
• Exposure to a growing portfolio of cash generating royalty and streaming assets with continued participation in the development of Gold Royalties' royalty interests; and,
• Diversified asset portfolio which reduces financing and market risk..

Link: http://www.marketwired.com/press-release/sandstorm-gold-ltd-to-acquire-gold-royalties-corporation-tsx-venture-gro-1992806.htm

Quelle: bigcharts.com

Quelle: bigcharts.com

Bruttoinlandsprodukt und Kaufkraft in den einflussreichsten Nationen

Informative Übersicht von U.S. Global Investors:

Quelle: usfunds.com

Kupfer: Erste Bodenbildungsversuche nach scharfer Talfahrt

Der Kupferpreis zeigt seit einigen Tagen endlich etwas Stärke und steht nun vor einem wichtigen, charttechnischen Widerstand..

Quelle: de.investing.com

Quelle: de.investing.com

Quelle: de.investing.com

Globale Silberminen-Produktion: Anstieg um 3,8% in 2014

Die neusten Zahlen zur Silberminen-Produktion in 2014 sind online:

Global silver production up 3.8% in 2014

According to Metals Focus, global silver production may have peaked last year with the low metals price likely to lead to mine cutbacks and closures.

Lawrence Williams | 18 February 2015 14:41

According to precious metals specialist research consultancy Metals Focus, a company which was primarily formed by former GFMS analysts and marketers following the latter’s acquisition by Thomson Reuters a couple of years ago, global silver output may have peaked in 2014. The consultancy is one of the primary analytical firms involved in researching precious metals supply and demand, and in its latest Precious Metals Weekly newsletter gives us some insight into what it sees happening this year in terms of global silver production..

Link: http://www.mineweb.com/news/silver/global-silver-production-3-8-2014/

U.S. Dollar Index (DXY): Stabilisierung auf hohem Niveau

Der U.S. Dollar Index (DXY) stoppt seinen beeindruckenden Höhenflug vorerst und stabilisiert sich auf hohem Niveau..

Quelle: marketwatch.com

Quelle: marketwatch.com

Continental Gold: Gewappnet für den großen Firmen-Meilenstein im Genehmigungsprozess von Buritica in Kolumbien

Neues, lesenswertes Interview mit Continental Gold's (TSX:CNL) CEO und Mitgründer Ari Sussman, u.a. über die anstehenden Entscheidungen im Genehmigungsprozess für das weltklasse, high-grade und high-margin Goldvorkommen von Buriticá..

Final permits loom at one of the world’s richest gold projects

POSTED ON FEBRUARY 16, 2015 BY SCOTT ARMSTRONG
CATEGORY ARI SUSSMAN, CONTINENTAL GOLD,

Continental Gold CEO Ari Sussman approaches the Higabra valley tunnel at the Buriticá gold project, Colombia

Via EnergyandGold.com, The mining industry is continually depleting its inventory, which is why it has always been an M&A led business. Junior companies find and develop new deposits and then mid-tiers and majors take them out. This has been the way of the miners for generations.

There are few undeveloped high quality gold projects in the world currently, especially those that offer potential scale and long life. Even fewer of these deposits are high grade.Continental Gold’s Buriticá gold and silver project in Colombia is one of the richest gold deposits in the world, consistently ranked among the top gold development stories in the world by analysts. We had the opportunity to interview CEO Ari Sussman by Skype on Thursday, for an update on the exciting Buriticá project..

Link: http://ceo.ca/2015/02/16/continental-gold-cnl-to-ceo-ari-sussman-expects-buritica-to-be-permitted-by-summer/

Quelle: continentalgold.com

Quelle: continentalgold.com

Quelle: continentalgold.com

Quelle: continentalgold.com

Quelle: continentalgold.com

Quelle: bigcharts.com

NexGen Energy: Weitere Bohrerfolge auf dem Rook I Uranprojekt im Athabasca Basin

Das Winter-Explorationsprogramm bei Uran-Explorer NexGen Energy (TSX-V:NXE) liefert weitere Erfolge. Durch die letzten, positiven Bohrergebnisse kann NexGen die hochgradige Uranzone auf Arrow (Rook I Projekt) um 81m Richtung Südwesten erweitern, was ein starker Fortschritt ist.

Währenddessen wurde das 3. Bohrgerät auf den Uran-Liegenschaften im renommierten Athabasca Basin aktiviert und damit wird der Newsflow in den nächsten Wochen und Monaten hoch bleiben..

NexGen Step-Out Extends AR-14-30 High Grade Mineralization by 81 meters to the Southwest

VANCOUVER , Feb. 17, 2015 /CNW/ - NexGen Energy Ltd. (NXE.V) ("NexGen" or the "Company") is pleased to announce ongoing results from our winter 2015 drilling program from our 100% owned Rook I property, Athabasca Basin, Saskatchewan.  Further angled drill testing in two holes along strike to the southwest of high grade mineralization in AR-14-30 (46.0 m of 10.32% from 520.0 m) have encountered significant dense accumulations of semi-massive to massive pitchblende mineralization with associated off-scale radioactivity from >10,000 to 60,000 cps. 

Highlights:

Arrow Zone

• Angled drill hole AR-15-37 intersected 76.0 m total composite mineralization including 9.35 moff-scale radioactivity (>10,000) within a 264.5 m section (405.0 to 669.5 m); 
• Angled drill hole AR-15-38 intersected 82.35 m total composite mineralization including 4.5 moff-scale radioactivity (>10,000 cps) within a 247.5 m section (474.0 to 721.5 m).  AR-15-38 has successfully extended the intensive high grade mineralization intersected in AR-14-30 to 81 msouthwest along strike (within the previously established 515 m strike length of the Arrow zone);

Radon Target (400 meters along strike to north east of Arrow)

• The 3rd rig has commenced drilling at this high priority area where a clustered radon anomaly, optimally situated along the southeast dipping VTEM conductor, is projected to reach the unconformity. See Figure 4.

At Arrow, a total of 4,531.9 m have been drilled this winter as of February 8 th, 2015.  Drill hole locations are shown in Figure 1, and a long-section illustrating the mineralized intersections is shown in Figure 2.  Drill hole details and scintillometer (handheld RS-120) results are summarized in Table 1.

Garrett Ainsworth , NexGen's Vice-President, Exploration and Development, commented "This significant 81 m step-out to the southwest of AR-14-30 into continuous high grade mineralization with AR-15-38 represents a substantial step towards successfully executing our goal of building a significant resource at Arrow efficiently."

Leigh Curyer, Chief Executive Officer commented, "The strategy of aggressive step-out drilling has delivered yet again, significantly expanding this particular high-grade zone of Arrow. The technical team continues to demonstrate its understanding and confidence in the mineralized system at Arrow with close to a 100% hit rate. The commencement of drilling the radon-in-water anomalies, 400 meters along strike to the north east of Arrow and in parallel to the development of Arrow is very exciting for the Company and its shareholders.."

Link: http://www.nexgenenergy.ca/s/news-releases.asp?ReportID=696416&_Type=News-Releases&_Title=NexGen-Step-Out-Extends-AR-14-30-High-Grade-Mineralization-by-81-metres-to-...

Quelle: nexgenenergy.ca

Quelle: nexgenenergy.ca

Quote:

NexGen Energy: Erfolgreicher Jahresstart bei der Uran-Exploration im Athabasa Basin

Der auf den renommierten Athabasca Basin fokussierte Uran-Explorer, NexGen Energy (TSX-V:NXE) startet erfolgreich ins neue Jahr. Alle der jüngsten Bohrergebnisse auf dem Rook I Projekt treffen auf ordentlichen Uran-Mineralisierungen. Gestern legte die Junior-Firma weitere gute News vor. Es wurden neue, attraktive Bohr- und Explorationsziele auf Rook I entdeckt..

Link: http://rohstoffaktien.blogspot.de/2015/01/nexgen-energy-erfolgreicher-jahresstart.html

Quote #2:

NexGen Energy: Aufstrebende Uran-Discovery im weltklasse Athabasca Becken in Kanada

Trotz sehr anspruchsvoller Lage im Uran-Sektor, schreiten ein paar Uran-Juniors signifikant voran und heben sich von der Masse ab. Herausragende Discoveries ziehen eben auch in einem Bärenmarkt..

Link: http://rohstoffaktien.blogspot.de/2014/09/nexgen-energy-aufstrebende-uran.html

Quote #3:

NexGen Energy: Nach starken Bohrresultaten auf dem fokussierten Uranprojekt folgen weitere signifikante Insiderkäufe

Sehr positive Insider-Transaktionen bestätigen das große Vertrauen der Firmen-Verantwortlichen in den zukünftigen Werdegang der jungen Uran-Explorationsfirma..

Link: http://rohstoffaktien.blogspot.de/2014/09/nexgen-energy-nach-starken.html