Goldcorp profit surges on high gold prices
TORONTO, May 4 (Reuters) – Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz) reported a
higher first-quarter profit on Wednesday, as record realized
gold prices and the gold miner’s strong production boosted
revenue by 69 percent.
Net earnings from continuing operations rose to $651
million, or 82 cents a share, from $232 million, or 32 cents,
in the first quarter of 2010.
Goldcorp profit surges on high gold prices
TORONTO, May 4 (Reuters) – Goldcorp (G.TO: Quote, Profile, Research) reported a
higher first-quarter profit on Wednesday, as record realized
gold prices and the gold miner’s strong production boosted
revenue by 69 percent.
Net earnings from continuing operations rose to $651
million, or 82 cents a share, from $232 million, or 32 cents,
in the first quarter of 2010.
WRAPUP 1 Kinross, Yamana profits up on soaring gold price
TORONTO, May 2 (Reuters) – Kinross Gold (K.TO: Quote, Profile, Research, Stock Buzz) and smaller
rival Yamana Gold (YRI.TO: Quote, Profile, Research, Stock Buzz) posted stronger quarterly profits on
Tuesday, boosted by the rising price of bullion.
The results were in line with those of other North American
gold miners, who have recorded hefty profits this year, driven
by the jump in gold prices.
Eglinton-Lawrence called for the #Conservatives. The Tories move into Toronto proper.
The GTA is turning #Conservative. Bramalea-Gore-Malton and Mississauga South already called for the blue. Tory majority could happen.
As the Toronto results come up, the crowd keeps erupting in cheers and hugging each other madly at the #NDP party. Still not @jacklayton
Crowd is definitely thrilled at the #NDP party in Toronto. Cheers of “NDP, NDP, NDP” erupting with every new riding.
Lundin says still explores sale options, shares up
TORONTO/STOCKHOLM, April 29 (Reuters) – Lundin Mining
(LUN.TO: Quote, Profile, Research, Stock Buzz) shares surged on Friday after a newspaper reported it
it was in talks to be acquired by a Chinese-led consortium,
although the Canadian copper miner said it was still exploring
sale options.
Stock in Lundin, initially halted at the market open, was
up more than 10 percent at mid-morning in Toronto to C$9.19
after the Globe and Mail newspaper reported a consortium headed
by China’s Jinchuan Group Ltd, and including sovereign wealth
fund China Investment Corp, was preparing a takeover bid.
Analysis: Barrick’s options are to diversify or buy big
TORONTO (Reuters) – A decision by Barrick Gold (ABX.TO: Quote, Profile, Research, Stock Buzz) to diversify into copper with its C$7.3 billion ($7.7 billion) bid for Equinox Minerals (EQN.TO: Quote, Profile, Research, Stock Buzz) may highlight its narrow range of ways to grow.
The world’s largest gold producer has only two obvious choices for growth: change its production strategy, as it did with the Equinox bid, or look for costly mega-deals with intermediate and senior gold producers.
Toronto key to majority for Canada’s Conservatives
BRAMPTON, Ontario, April 26 (Reuters) – The Toronto region
is where Canada’s 2011 federal election will probably be
decided as the Conservatives hunt for the extra seats they need
to turn their minority government into a safe majority one.
In the city of Toronto, which has a reputation for being a
fortress for the opposition Liberals, the Conservatives have
the aging populations of affluent electoral districts in their
sights, with a special nod to Jewish voters who like the
government’s pro-Israel stance.
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