The GOP candidate has held positions in major gold miners such as Goldcorp (NYSE: GG), Agnico Eagle Mines (NYSE: AEM), and Barrick Gold (NYSE: ABX) since 1994.
There were also market disappointment s with some projects and mines, including write-offs by Agnico-Eagle Mines and Kinross Gold Corp.
FORBES: USAGX Porfolio Manager Still Upbeat On Gold Prices; Optimistic About Mining Shares
Gold producers likely to see negative cash operating cost offsets due to a weaker greenback include Newmont, Agnico-Eagle and Jaguar Mining.
Agnico-Eagle Mines kicks off third-quarter earnings season for gold producers when it reports results after the close of trading Wednesday, Oct. 28.
Agnico-Eagle produced 254, 955 payable gold ounces in the first quarter compared to 252, 362 payable gold ounces produced during the same time last year.
FORBES: Agnico-Eagle Begins 2012 With A Strong First-Quarter
Despite the strong operating start to the first quarter, Agnico-Eagle maintains its original guidance of 875, 000 to 950, 000 ounces of gold production in 2012.
FORBES: Agnico-Eagle Begins 2012 With A Strong First-Quarter
Agnico-Eagle retained its 2013 forecast of 990, 000 ounces to be produced.
FORBES: Production At Agnico-Eagle's Meadowbank Mine Drives Performance
High beta names like Aurizon Mines (AZK), Kinross Gold (KGC) and Agnico-Eagle Mines (AEM) will squeeze metal shorts and run fast and furious.
Sixty percent of the increase in guidance comes from Meadowbank, said Sean Boyd, president and chief executive officer of Agnico-Eagle in a conference call to discuss the third-quarter earnings.
FORBES: Production At Agnico-Eagle's Meadowbank Mine Drives Performance
In its quarterly earnings detail, Agnico-Eagle lifted its full-year production outlook to 1.025 million ounces of gold from 975, 000 ounces based on higher production, particularly from its Meadowbank mine in Nunavut.
FORBES: Production At Agnico-Eagle's Meadowbank Mine Drives Performance
In September, Agnico-Eagle approved the development and construction of the La India mine project in Sonora, Mexico, with commercial production expected in the second half of 2014, with a mine life of eight years forecast.
FORBES: Production At Agnico-Eagle's Meadowbank Mine Drives Performance
Both byproduct metals have risen in price since the second quarter of 2009 (copper has gained 25% and zinc 19%.) Stronger copper and zinc prices will reduce cash cost per ounce and go directly toward the bottom line for companies with significant byproduct credits, like Barrick Gold, Newmont Mining, Goldcorp, Agnico-Eagle and Yamana Gold.
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