Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (99722)	1/31/2014 2:11:23 PM
From: LTK007	Read Replies (1) \| Respond to of 119360

NEM closing in on 12/2008 low of 19.17(100% retrace), its low in 2000 was 11.00. 2014 Guidance Looks Lower on Production and Higher on Costs. [Newmont] is breaking from its historical reporting convention and guiding on a consolidated basis, expecting production of 5.0-5.4 mln ozs at a cash cost of $740-$790/oz compared to our prior estimate at 5.4 mln ozs at $685/oz. The midpoint of guidance would suggest equity gold production of ~4.7 mln ozs vs 5.1 mln ozs for 2013. Shares of Newmont have dropped 11% to $21.49 at 1:38 p.m. today, while Yamana has fallen 3.1% to $9.28, despite the fact that the SPDR Gold ETF ( GLD) is off 0.2% at $119.59. The Market Vectors Gold Miners ETF ( GDX) has declined 1.2% to $23.22.