Diverse Methods for Gold Extraction in Mining Industry
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In the world of gold mining, two companies stand out: Goldcorp and Yamana Gold. Let's delve into their current status and future plans.
Goldcorp, a leading player in the gold mining market, is known for its low-cost gold production. The company's success is built on a history of successful acquisitions and strong organic growth. Interested readers can claim a copy of The Motley Fool's comprehensive research report on Goldcorp, which includes a full year of ongoing updates and analysis. Simply click the provided link to secure your report.
As for Goldcorp's direction in 2013, analysts have yet to make definitive predictions. However, the company's focus on cost-cutting measures is noteworthy. Goldcorp aims to reduce its mining cost structure by approximately 17.5%, a significant move that could shape its future performance.
Meanwhile, Yamana Gold, another prominent gold miner, is planning to increase production by 20% compared to its 2012 figures. The company also intends to cut its cost structure, with two-thirds of the cost-cutting measures expected to be successful by mid-year. The progress of Yamana Gold over the next two quarters is expected to be worth tracking.
Elsewhere in the gold mining sector, Newmont Mining, another major player, reduced gold production but increased copper output in its first-quarter results. This shift in focus could indicate a strategic move by the company.
It's important to note that The Motley Fool has no position in any of the stocks mentioned. Joel South and Taylor Muckerman have no positions in any stocks mentioned either. The Motley Fool has a disclosure policy.
For long-term investors, Goldcorp's stock is considered an attractive choice. With its focus on cost-cutting and continued growth, Goldcorp could be a company to watch in the coming years.
The article titled "2 Different Formulas for Gold Miners" originally appeared on Fool.com, offering more insights into the gold mining industry. As always, it's essential to do your own research and consider seeking advice from a financial advisor before making investment decisions.
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