Mining Leaders Pushing For Positive End Of Year Advancements: DNA Precious Metals, Goldcorp, Barrick Gold, Kinross Gold, Yamana Gold
CORAL SPRINGS, Florida, December 12, 2013 /PRNewswire/ --
Mining sector aims to finish the year strong as leaders push for advancements: DNA Precious Metals Inc. (OTCQB: DNAP), Goldcorp, Inc. (NYSE: GG), Barrick Gold Corporation (NYSE: ABX), Kinross Gold Corporation (NYSE: KGC) and Yamana Gold, Inc. (NYSE: AUY)
DNA Precious Metals Inc. (OTCQB: DNAP) Announces CEO Feature Interview by CEORoadshow.com And Upgraded Research Report, DNAP today announced that http://www.CEORoadshow.com has conducted an audio interview with Ronald Mann, Chief Executive Officer of DNA Precious Metals Inc. The interview includes an overview of DNAP's business and its forward-looking strategy and will be available on YouTube, the Company's website and CEORoadshow.com.
To read the full press release, please click here: http://www.fnmprofiles.com/profiles-dnap.php
The interview can be found on the CEORoadshow.com's website at the following link:
The Company further announced an updated 33 page research report on DNA Precious Metals Inc. highlighting a significant increase in market value from the initial report published on September 27th, 2013 by Grass Roots Research and Distribution. In the November 27, 2013 report, Grass Roots revealed conservative estimates forecast revenues to grow from $4.9 million in FYE December 31, 2014 to approximately $40.4 million by FYE 2018. Based on these projections and provided that the Company raises $12.0 million in capital, in the near term the Cohen Target Price is 188.1% higher than the current price." As a result, the report further indicates, "DNAP common stock is valued at $1.30 per share, 188.1% higher than the current stock price of $0.45 per share."
Goldcorp, Inc. (NYSE: GG) recently announced that negotiations are continuing between Minera Peñasquito S.A. de C.V. ("Minera Peñasquito") and authorized representatives of the Cerro Gordo Ejido with a view to reaching a mutually beneficial settlement of a land claim. These negotiations are taking place under the official observation of the office of the Mexican Secretary of the Economy and Goldcorp believes that proper representatives of both parties are currently engaged in a constructive process. Goldcorp has recently received notice from a Canadian law firm purporting to represent the Cerro Gordo Ejido threatening to commence litigation against Goldcorp in Canada concerning these same lands, in an apparent effort to disrupt the ongoing negotiations and legal process from continuing under the auspices of the Mexican judicial system. Goldcorp and Minera Peñasquito have assessed the underlying allegations of the proposed litigation and believe they are baseless and without merit and will vigorously defend any claim if one is filed.
Barrick Gold Corporation (NYSE: ABX) recently announced the final results and settlement of its cash tender offer (the "Tender Offer") for specified series of outstanding notes (the "Notes") issued by Barrick, Barrick (HMC) Mining Company, Barrick North America Finance LLC and Barrick (PD) Australia Finance Pty Ltd. (together, the "Offerors"). The Tender Offer commenced on October 31, 2013. The Offerors offered to purchase Notes for an aggregate purchase price (including principal, premium and accrued interest) for all Offerors of up to $1,500,000,000, plus the additional aggregate purchase price, not to exceed $20,000,000, needed to permit the applicable Offeror to accept for purchase all validly tendered Notes of the series with the lowest acceptance priority level for which Notes are accepted for purchase to which a proration percentage greater than 95 percent would otherwise apply (the "Maximum Tender Amount").
Kinross Gold Corporation (NYSE: KGC) together with its subsidiaries, engages in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. The company has operations in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana, and Mauritania. As of December 31, 2012, its proven and probable mineral reserves included 59.6 million ounces of gold, 68.2 million ounces of silver, and 1.4 billion pounds of copper.
Yamana Gold, Inc. (NYSE: AUY) engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company's property portfolio includes seven operating gold mines, including Chapada mine, Jacobina mining complex, and Fazenda Brasileiro mine in Brazil; El Peñón mine and Minera Florida mine in Chile; Gualcamayo mine in Argentina; and Mercedes mine in Mexico. It also has a 12.5% indirect interest in the Alumbrera copper/gold/molybdenum mine in Argentina, as well as holds interests in various advanced and near development stage projects and exploration properties in Brazil, Chile, Argentina, and Mexico.
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