Gold Mining Methods Diverge: Exploration of Contrasting Gold Extraction Techniques
In the world of gold mining, two companies stand out: Goldcorp and Yamana Gold. The Motley Fool, a well-respected financial guidance service, offers a premium research report on Goldcorp, providing a full year of ongoing updates and analysis.
Goldcorp, one of the leading players in the gold mining market, is known for its low-cost production of gold, making it an attractive choice for long-term investors. The company's history is marked by successful acquisitions and strong organic growth.
While the direction for Goldcorp in 2013 remains to be predicted by analysts, it's clear that the company is keeping a close eye on its operations. Meanwhile, Yamana Gold is making strategic moves to cut its mining cost structure by approximately 17.5%. The company aims to fully implement these measures by 2013, with two-thirds of them successful by mid-year. Yamana Gold also plans to increase production by 20% compared to 2012 figures.
On the other hand, Newmont Mining, another major player, saw a reduction in gold production in Q1 but managed to increase copper output.
Yamana Gold's competitor, Alamos Gold, has announced growth plans for 2013, focusing on its Quartz Mountain acquisition and projects in Oregon.
It's important to note that The Motley Fool may not hold positions in all the stocks mentioned, and they have a disclosure policy in place. The premium research report on Goldcorp is available for claim, though it's not free. However, it offers a 30-day free trial for those interested.
The article "2 Different Formulas for Gold Miners" originally appeared on Fool.com, offering insights into the strategies of these companies and the gold mining market as a whole. As always, it's crucial for investors to do their own research and consider their own investment goals before making any decisions.
