Metals Demand Buoyed by Steady Industry & Market Volatility - Research Report on Freeport-McMoRan, Southern Copper, Alcoa, Yamana and Kinross

Fri Mar 8, 2013 8:00am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130308:nPn3086430


NEW YORK,  March 8, 2013  /PRNewswire/ --

Today, Investors Alliance announced new research reports highlighting
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Southern Copper Corp. (NYSE:
SCCO), Alcoa Inc. (NYSE: AA), Yamana Gold Inc (USA). (NYSE: AUY) and Kinross
Gold Corporation (USA) (NYSE: KGC). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Freeport-McMoRan Copper & Gold Inc. Research Report

Freeport-McMoRan, world's largest publicly traded copper company, has announced
a private placement of senior notes in multiple tranches. FCX intends to use the
proceeds from the offering, together with the net proceeds of its term loan,
mainly to fund the Plains Exploration & Production Company (PXP) and McMoRan
Exploration Co. (MMR) acquisitions. The  $6.5 billion  worth of senior notes
will be in four tranches, consisting of 5, 7, 10, and 30-year senior notes.
These will have an aggregate weighted interest cost of approximately 3.9% and
are expected to settle on  March 7, 2013. The Full Research Report on
Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/4402_FCX]

--

Southern Copper Corp. Research Report

Despite a slump in prices for copper worldwide, Southern Copper still managed to
post good numbers for its 2012 Q4 and fiscal 2012 year, thanks to increase in
sales volumes for copper (7.1%), silver(14.6%) and zinc (3%). The company also
set a copper production record of 200, 070 tons from its Buenavista mine, as
well as a record molybdenum production from the La Caridad mine of 10, 968 tons.
Silver and zinc production also posted year-over-year increases of 7.2% and 7.3%
respectively. Commenting on the Southern Copper's results, Mr.  German Larrea,
Chairman of the Board, said "Once again the company's

strong financial position and market preference was evidenced by the excellent
terms obtained for our new debt offering.  Y2012  was another successful year
for our company. This was achieved despite a 10% lower copper price and lower
prices for our three major by-products. The Buenavista mine, which benefited
from a productive work environment, reached a new production record of 200,070
tons. In  Y2012, we invested  $1,051.9 million  in capital programs. I believe
our commitment to growth will continue to benefit the Company, investors,
neighboring communities and the countries in which we operate." The Full
Research Report on Southern Copper Corp. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/0f8d_SCCO]

--

Alcoa Inc. Research Report

For the second year in a row, Fortune magazine has named Alcoa as the most
admired metals company in the world. The company also received top ranks in
seven of the nine key attributes: innovation, social responsibility, people
management, use of corporate assets, quality of management, financial soundness,
and long-term investment. "It is extremely gratifying to be ranked the most
admired metals company again," said Alcoa Chairman and CEO  Klaus Kleinfeld.
"Today, as Alcoa observes its 125th anniversary, the key to our success remains
the dedication of our employees to Alcoa's values and to the relentless pursuit
of excellence." The company has also recently given more than  $40 million  and
800, 000 of volunteerism to the community, and projects and partnerships with
non-government and non-profit organizations around the world. The Full Research
Report on Alcoa Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/98df_AA]

--

Yamana Gold Inc. (USA) Research Report

Another year of mineral reserve and mineral resource increases is what Yamana
can be proud of. Total gold equivalent mineral reserves increased to 19.3
million ounces, a 4% increase from 2011, with a 3% increase in grade. Yamana has
also increased gold equivalent mineral reserves for 3 consecutive years at its
El Peñon,  Chile  site, building on a long track record of replacing and
increasing mineral reserves at the operation. Last year, the focus was on
converting, upgrading and increasing mineral resources on which mineral reserve
tonnage went up by 14% , which now includes a portion of the Pampa Augusta
Victoria ("PAV") vein system which is 'open pittable' as it is near surface and
is easily accessible . The 2013 exploration program at El Peñon will focus on
the extension of PAV and areas within the North Block as well as new
discoveries; Dorada Sur and Dorada Oeste, Fortuna Este, and Bonanza West. This
effort is expected to result in continued increases in mineral resources in 2013
and a target to develop the new discoveries into minable mineral reserves in the
near term. The Full Research Report on Yamana Gold Inc. (USA) - including full
detailed breakdown, analyst ratings and price targets - is available to download
free of charge at:
[http://www.investors-alliance.com/r/full_research_report/ea0e_AUY]

--

Kinross Gold Corporation (USA) Research Report

Kinross strikes up solid figures as the company exceeds full-year production
forecast and meets full-year cost of sales forecast as well. Production reached
2,617,813 Au eq. oz., exceeding guidance, compared with 2,543,790 Au eq. oz. for
full-year 2011 while full-year revenue reached  $4,311.4 million, compared with 
$3,842.5 million  for 2011. "As promised, we remained strongly focused on
operational fundamentals in the second half of 2012, and finished the year by
exceeding our full-year production guidance, and meeting our full-year cost of
sales guidance. While we recorded a non-cash impairment charge related to our
Tasiast project, our pre-feasibility study work and recent exploration results
continue to increase our confidence in Tasiast's potential, and confirm its
importance as part of our long-term future," said  J.Paul Rollinson, CEO.
Kinross expects to produce approximately 2.4-2.6 million gold equivalent ounces
in 2013 at a production cost of sales per gold equivalent ounce of  $740-790.
Total capital expenditures are forecast to be approximately  $1.6 billion, a
reduction of approximately  $325 million  compared with 2012. Meanwhile, the
Tasiast pre-feasibility study remains on schedule for expected completion in Q1
2013. Dvoinoye remains on schedule for expected delivery of first ore to the
Kupol mill in the second half of the year. The Full Research Report on Kinross
Gold Corporation (USA) - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/9cf0_KGC]

--

Consider Investors Alliance

Tired of hearing about the latest, greatest trade opportunity... only to realize
that the ship has long sailed? You need a strong, informative community in your
arsenal. Join the group that has been consistently identifying momentous
situations as they develop - long before they become the next top news on major
financial networks.

Contact:  Patricia Byers

Email: press@ investors-alliance.com

Main: +1-(408)-745-7826

SOURCE  Investors-Alliance

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.