Two distinct methods for gold prospectors
In the world of gold mining, two major players, Goldcorp and Yamana Gold, are making waves with their unique approaches for the year 2013.
Goldcorp, a leading figure in the gold mining market, is keeping its cards close to its chest when it comes to specific plans for gold production in 2013. Analysts within the company are, however, busy analysing the direction for the year. Despite the lack of detailed information for 2013, Goldcorp's low-cost gold production and history of successful acquisitions and strong organic growth make it an attractive choice for long-term investors.
On the other hand, Yamana Gold has announced ambitious plans to cut its mining cost structure by approximately 17.5% and increase production by 20% compared to 2012 levels. The company expects two-thirds of its cost-cutting measures to be successful by mid-year, making its progress over the next two quarters particularly noteworthy.
It's important to note that Joel South and Taylor Muckerman have no position in any stocks mentioned, and The Motley Fool has no position in any of the stocks mentioned either. The Motley Fool's premium research report on Goldcorp offers a full year of ongoing updates and analysis, which can be accessed by clicking a provided link.
Meanwhile, Newmont Mining, another significant player, reduced its gold production but increased its copper output in the first quarter.
This article, titled "2 Different Formulas for Gold Miners", originally appeared on Fool.com. For those interested in exploring more investment opportunities, The Motley Fool offers several Foolish newsletter services for free for 30 days.
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