Gold Stocks Technical Analysis - New Gold, Randgold Resources, Golden Star Resources, Cia de Minas Buenaventura, and Agnico Eagle Mines

LONDON, November 3, 2014 /PRNewswire/ –

Investor-Edge has initiated coverage on the following equities: New Gold Inc. (NYSE MKT: NGD), Randgold Resources Ltd (GOLD), Golden Star Resources Ltd (NYSE MKT: GSS), Cia de Minas Buenaventura SAA (BVN), and Agnico Eagle Mines Ltd (AEM). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Friday, October 31, 2014, the NASDAQ Composite ended at 4,630.74, up 1.41%, the Dow Jones Industrial Average advanced 1.13%, to finish the day at 17,390.52, and the S&P 500 closed at 2,018.05, up 1.17%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 304.39, up 1.87%, with the index also advancing 1.34% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:  

http://investor-edge.com/register

On Friday, shares in New Gold Inc. fluctuated between $3.52 and $3.70 before ending the session 5.51% lower at $3.60, hitting a new 52-week low of $3.52. The stock reported a trading volume of 7.02 million shares, much above its three months average volume of 3.17 million shares. New Gold Inc.’s shares have plummeted 17.62% in the previous three trading sessions, 29.69% in the last one month and 31.30% on YTD basis. The company’s stock closed below its 50-day and 200-day moving averages of $5.30 and $5.64, respectively. Moreover, shares of New Gold Inc. have a Relative Strength Index (RSI) of 21.27. Sign up and read the free notes on NGD at:

http://www.Investor-Edge.com/NGD-03Nov2014

Randgold Resources Ltd’s stock declined 2.59%, to close the day at $58.21, hitting a new 52-week low of $58.00. The stock recorded a trading volume of 2.29 million shares, much above its three months average volume of 0.76 million shares. The stock oscillated between $58.00 and $59.39 during the session. Over the last three trading sessions and over the past one month, Randgold Resources Ltd’s shares have declined 10.36% and 13.88%, respectively. Further, the stock has lost 7.32% since the start of this year. The company’s stock closed below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $77.44 is above its 50-day moving average of $71.42. Additionally, Randgold Resources Ltd has an RSI of 27.33. The complimentary notes on GOLD can be downloaded as in PDF format at:

http://www.Investor-Edge.com/GOLD-03Nov2014

On Friday, shares in Golden Star Resources Ltd recorded a trading volume of 1.70 million shares, higher than its three months average volume of 0.96 million shares. The stock ended the day at $0.27, which was 6.90% below its previous day’s closing of $0.29, and registered an intraday range of $0.26 and $0.30. Golden Star Resources Ltd’s shares have lost 12.90% in the previous three trading sessions, 34.23% in the last one month and 38.64% on YTD basis. The company’s stock closed below its 50-day and 200-day moving averages of $0.41 and $0.56, respectively. Furthermore, shares of Golden Star Resources Ltd have an RSI of 16.88. Register for free on Investor-Edge and access the latest research on GSS at:

http://www.Investor-Edge.com/GSS-03Nov2014

Cia de Minas Buenaventura SAA’s stock plummeted 8.64%, to close Friday’s session at $9.20, after oscillating between $9.04 and $9.89. The stock recorded a trading volume of 3.67 million shares, above its three months average volume of 1.63 million shares. Cia de Minas Buenaventura SAA’s shares have declined 14.18% in the previous three trading sessions and 18.66% in the last one month. Additionally, from the beginning of 2014, the stock has lost 18.00%. The company’s stock closed below its 50-day and 200-day moving averages. The stock’s 50-day moving average of $12.11 is above its 200-day moving average of $12.05. Further, the stock has an RSI of 23.98. On the same day, Cia de Minas Buenaventura SAA announced its Q3 FY 2014 financial results. For Q4 FY 2014, the company reported net income attributable to Cia de Minas Buenaventura SAA of $78.3 million, or $0.31 per diluted share. The complete research on BVN is available for free at:

http://www.Investor-Edge.com/BVN-03Nov2014

Agnico Eagle Mines Ltd’s stock finished Friday’s session 5.05% lower at $23.50, hitting a 52-week low of $22.20. A total of 5.31 million shares were traded, which was above its three months average volume of 2.33 million shares. The stock moved between $22.20 and $24.00 during the session. Over the last three trading sessions and the previous one month, Agnico Eagle Mines Ltd’s shares have plummeted 20.31% and 22.42%, respectively. Additionally, from the beginning of 2014, the stock has declined 10.92%. The company’s shares closed below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $33.33 is greater than its 50-day moving average of $31.60. Agnico Eagle Mines Ltd’s stock has an RSI of 27.76. Free in depth research on AEM is available at:

http://www.Investor-Edge.com/AEM-03Nov2014

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• Basic Materials Industry
• Investment & Company Information
• Golden Star Resources Ltd

AngloGold Ashanti (AU) Stock Drops to One-Year Low as Gold Prices Decline

Andrew Meola

10/30/14 – 03:29 PM EDT

NEW YORK (TheStreet) — Shares of AngloGold Ashanti 
(AU)  fell more than 6% to a 52-week low of $8.47 on Thursday as gold prices dropped to less than $1,200 an ounce for the first time since October 3.

Gold for December delivery fell 2.2% to $1,198.60 an ounce. The decline stemmed partially from the Federal Reserve’s announcement that it would end its QE3 bond buying program.

The news that the Fed had nixed the stimulus program indicated its confidence in the recovery of the U.S. economy, which grew 3.5% in the third quarter thanks to an increase in exports and federal spending.

Must Read: Warren Buffett’s 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More than 4.7 million shares had changed hands as of 3:27 p.m., compared to the average volume of 2,534,990.

Separately, TheStreet Ratings team rates ANGLOGOLD ASHANTI LTD as a “sell” with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

“We rate ANGLOGOLD ASHANTI LTD (AU) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself.”

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The debt-to-equity ratio of 1.24 is relatively high when compared with the industry average, suggesting a need for better debt level management.
• The gross profit margin for ANGLOGOLD ASHANTI LTD is currently lower than what is desirable, coming in at 33.14%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -5.91% is significantly below that of the industry average.
• AU’s stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 38.71%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock’s sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• The company’s current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, ANGLOGOLD ASHANTI LTD’s return on equity significantly trails that of both the industry average and the S&P 500.
• ANGLOGOLD ASHANTI LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ANGLOGOLD ASHANTI LTD swung to a loss, reporting -$6.07 versus $1.70 in the prior year. This year, the market expects an improvement in earnings ($0.51 versus -$6.07).
• You can view the full analysis from the report here: AU Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Randgold Resources: Total Voting Rights

JERSEY, CHANNEL ISLANDS–(Marketwired – Oct 31, 2014) – Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

RANDGOLD RESOURCES LIMITED

 Incorporated in Jersey, Channel Islands

 Reg. No. 62686

 LSE Trading Symbol: RRS

 NASDAQ Trading Symbol: GOLD

 (“Randgold Resources” or the “Company”)

TOTAL VOTING RIGHTS

London, 31 October 2014 – Randgold Resources announces that in accordance with the Disclosure and Transparency Rules, its issued share capital consists of: 92 724 116 ordinary shares of US$0.05 each.

Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of Randgold Resources. In addition, 62 399 ordinary shares are currently held on trust and do not confer voting rights. Therefore, the total number of voting rights in the Company is 92 661 717.

The above figure can be used by shareholders (and others with notification obligations) as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, Randgold Resources under the Disclosure and Transparency Rules.

RANDGOLD RESOURCES ENQUIRIES:

Chief Executive		Financial Director		Investor & Media Relations
Mark Bristow		Graham Shuttleworth		Kathy du Plessis
+44 788 071 1386		+44 1534 735 333		+44 20 7557 7738
+44 779 775 2288		+44 779 771 1338		Email: randgold@dpapr.com

Website: www.randgoldresources.com

• Finance
• Investment & Company Information
• Randgold Resources

Contact:

RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

Midday movers: AbbVie, Barrick Gold, Clorox & more

Chevron – The oil producer rose after reporting a bigger-than-expected quarterly profit.

Clorox – The maker of cleaning products edged higher after posting better-than-expected quarterly sales.

Exxon Mobil – The oil producer climbed after reporting a better-than-expected third-quarter profit.

Gilead Sciences – The drug maker fell on weaker-than-expected sales of its treatment for Hepatitis C.

Honeywell International – The manufacturer edged up after increasing its annual dividend to $2.07 a share.

Mead Johnson Nutrition – The maker of infant formula fell on news French food company Danone purchased a $566 million stake in a Chinese infant formula maker, dampening speculation it would try to acquire Mead Johnson.

Priceline Group – The online travel company and rival Orbitz Worldwide gained on Expedia’s strong earnings.

Rockwell Collins – The maker of aircraft systems rose after reporting quarterly sales increased by about 15 percent year over year.

Sony – The maker of electronic equipment rose after posting a smaller-than-expected operating loss in its second quarter.

United Continental Holdings – The carrier and others including Delta Air Lines, American Airlines Group, Spirit Airlines and Southwest Airlines rose as oil prices fell.

Visa – The payment processing company rose after Argus Research upgraded the stock to buy from hold.

(See CNBC’s Market Insider Blog)

Questions? Comments? Email us at marketinsider@cnbc.com

This chart will scare gold bugs

A strong dollar took gold to four-year lows Friday. And if one technician's chart work is to believed, it could get a lot worse.

Friday was one of the worst percentage days of the year for gold and its decline saw it violate some key technical levels.

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"Gold is in trouble," warns Todd Gordon, founder of TradingAnalysis.com. "Gold has broken down pretty significantly."

In particular, Gordon is worried that Friday's price action is part of a much bigger retracement that began four years ago. "Technically speaking, we need to look at the rally that we've seen in gold since around 2001," he said, noting that bullion went from a low of $255 per ounce that year to more than $1,900 per ounce 10 years later.

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"A very typical, normal pullback would be about the 50 percent retracement," said Gordon, a CNBC contributor. That puts Gordon's target at  about $700 an ounce, coinciding with gold's 2008 bottom.

"We have significantly lower to go," he said.

Fundamentally, Bob Iaccino, chief market strategist at Tethys Partners, sees no reason to own gold.

"Gold longs are in a bit of a pickle," he said. While physical purchases in China and India continue, Iaccino expects to see purchases by gold-backed funds decline. "They probably have covered some of those positions in this particular move down."  

Given the recent strength of the dollar the fact that central banks around the world are debasing their currencies, Iaccino sees no hurry to buy bullion.

"Fundamentally, gold is weak," he said.

• Gold Investing
• Finance
• Todd Gordon
• gold

The World According to ZIRP

Over the rails we fell. 

As if the labyrinth and tentacles of the financial crisis wasn't already hard enough to handle, we suddenly found ourselves waist deep in lifeboats – navigating those treacherous seas, from well beyond the comforts of the visible horizon. With almost six years of floating now between us and that long December, the curvature in the markets – so relied on in navigating previous cycles, is more than difficult to discern these days. 

The world is as flat as ZIRP. 

What this has meant in the markets, is participants continue to have a tough time finding their bearings, when it comes to what the Fed will do next and where they are situated in the cycle. The expectation gap we noted over the past month is a direct effect of these esoteric market conditions that began with ZIRP – and which only were heightened as the Fed first pivoted to end quantitative easing in May 2013. With the Fed on deck this week wrapping up what we expect will be the final disposition of the taper, participants continue to speculate where and when the next policy move will be made. 

“Yes, but when will they tighten?”, they ask. 

To a large degree – it's already happened. While the fed funds rate has not moved higher since finding ZIRP, the differentials in yields have already compensated from beyond the mystical plane – and in effect, tightened over the past two years. It began with the first mention of the taper in the spring of 2013 and should be completed with the final crumbs of QE3 dispensed this month. As shown below with the relative performance between 5 and 10-year yields, a massive move higher has discretely taken place over the past two years – despite the fed funds rate remaining pegged at ZIRP. We chose to highlight and contrast the relative performance between 5 and 10-year yields, as the shorter duration of the market has been disproportionally influenced by ZIRP and offers relatively no comparative value in our opinion. I.e. – the fallacy found today in waiting for an inverted yield curve to signal that a bear market approaches in the equity markets  211; or that a recession is near.

That said, naturally, yields along the shorter end of the market tend to either "outperform" or "underperform" longer term yields as the Fed moves between tightening or easing monetary policy. When the Fed tightens, shorter term yields outperform – and vice versa, as they ease. Historically speaking, the long-term relative performance range between 5 and 10-year yields was maintained until 2002 – and closely correlated with the disposition trend of the fed funds rate.

Click to enlarge images

Following the attacks on September 11th, 2001 – the Fed continued to ease and the relative performance trend in yields broke below the previous cycle lows from the early 1990's – eventually bringing the fed funds rate down to 1.0 percent by June 2003. Several months later, the downtrend was subsequently reversed, as the Fed removed the assurances that rates would remain low for a "considerable period" in January 2004. By the end of June of that year, the Fed had begun to gradually raise rates. Less than two years later – in February 2006, the relative performance differential between 5 and 10-year yields had reached its peak and foreshadowed the end of the rate tightening cycle later that June.
As the Fed ran out of road to maneuver in December 2008, further rounds of quantitative easing were enacted to push policy beyond where the visible horizon was seen. This in turn pushed the relative performance trend in yields well below the previous cycle lows in 2003. 

From a comparative perspective to the current cycle, the signal to the markets from the Fed in January 2004 is analogous to the taper-talks that began in earnest in May 2013. Both prepared the markets for the eventual curtailment of accommodative policy and both ended the relative outperformance of long-term yields. Obviously, the most significant difference between then and now was participants knew tightening was taking place – as the fed funds rate clearly rose on the horizon. 

Led by the move in 5-year yields, the historic relative performance rally has brought the trend back to levels directly preceding ZIRP – as well as the previous cycle lows from 2003. We can not overstate how large of a move was accomplished over the past two years and illustrates the murky conditions that participants continue to get mired in as calls for more conventional tightening by the Fed have been greatly misplaced this year. We would speculate the massive and violent nature of the moves in the Treasury market two weeks ago, represented the exhaustion of this significant uptrend and displayed how offsides participants have been positioned in the market this year. 

Generally speaking, the massive move in 5-year yields is now following in the leading footsteps of the crest and breakdown in 10-year yields coming into this year. The relative symmetry in performance extremes (at both the top and bottom of the range) that we had pointed out last December in 10-year yields, is now replicating along the shorter end of the market at the top of its range. Despite expressing a significant lag to the move in 10-year yields – the takeaways are just the same: yields are low by historic standards – but remain stretched to a relative extreme. 

Since the end of last December, we have referenced the chart below as indication that gold relative to long-term yields was expressing conditions indicative of significant lows in the past. And while those lows have not been undercut over the past year, gold has completed a round-trip back to testing those levels as the commodity markets have come under pressure from various macro crosswinds – and yields along the shorter end of the market have cut across the grain.  

Interestingly, the rare market condition in the past in which longer term yields relative to gold and shorter term yields relative to gold, have dropped out of tight correlation with each other – have marked the end of the consolidation range for gold. 
With bearish sentiment in gold continuing to build and the expectation gap towards further tightening recently slammed shut, we continue to like the long-term prospects of the yellow metal, as long-term yields should begin to outperform as further tightening is pushed back on the horizon. 

The world is indeed flat – flat as ZIRP.

Rangold Resources: Notification of Major Interest in Shares

JERSEY, CHANNEL ISLANDS–(Marketwired – Oct 28, 2014) –  Rangold Resources (LSE: RRS) (NASDAQ: GOLD)

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD

(“Randgold Resources” or the “Company”)

London, 28 October 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii	Randgold Resources Limited
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights	X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii	BlackRock, Inc.
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached:v	24th October 2014
6. Date on which issuer notified:	27th October 2014
7. Threshold(s) that is/are crossed or reached: vi, vii	Holding has gone above 16%

8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/ type of shares if possible using the ISIN CODE		Situation previous to the triggering transaction			Resulting situation after the triggering transaction
		Number of Shares		Number of Voting Rights	Number of shares	Number of voting rights			% of voting rights x
					Direct	Direct xi	Indirect xii		Direct	Indirect
GB00B01C3S32		14,811,371		14,811,371	N/A	N/A	14,791,281		N/A	15.96%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date xiii		Exercise/ Conversion Period xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta
CFD				13,850	0.01%	0.01%
Total (A+B+C)
Number of voting rights				Percentage of voting rights
14,805,131				15.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	BlackRock Regulatory Threshold Reporting Team
14. Contact name:	Gareth Slade
15. Contact telephone number:	020 7743 2536
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	BlackRock, Inc.
Contact address (registered office for legal entities)	55 East 52nd Street, New York, NY 10055
	United States of America
Phone number & email	020 7743 2536
	EMEAdisclsoure@blackrock.com
Other useful information (at least legal representative for legal persons)	Gareth Slade
B: Identity of the notifier, if applicable
Full name	Martin Welsh
Contact address	Randgold Resources Limited
	3rd Floor, Unity Chambers
	28 Halkett Street
	St. Helier
	Jersey
	JE2 4WJ
Phone number & email	+44 1534 735 333
	martin.welsh@randgold.com
Other useful information(e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information

• Mergers, Acquisitions & Takeovers
• Finance
• Randgold Resources

Contact:

RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

A Different Spin on Gold Miners ETFs

Despite the trials and tribulations experienced by these exchange traded funds over the years, including good and bad periods for gold, some investors love gold miners ETFs.

A combined $8.8 billion in assets under management for the Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ) says as much as does the fact that GDX, the largest miners ETF, is one of the most heavily traded exchange traded products in the U.S. In fact, GDX is one of the most-owned ETFs by hedge funds. [Hedge Funds Love These ETFs]

However, there are other ways to skin the gold miners ETF cat and at least one new fund helps investors skirt some of the industry's weaker links. The Sprott Gold Miners ETF (SGDM) , which debuted in July, takes a different approach to investing in precious metals miners.

SGDM "is the first exchange-traded fund to weight miners on factors other than size. It starts with 25 stocks with "the highest gold beta," i.e., sensitivity to gold's price movements, ranks them by market capitalization, then adjusts the ranking based on the companies' one-year revenue growth and debt-to-equity ratios, penalizing slow-growing overleveraged outfits and rewarding the opposite," reports Lewis Braham for Barron's.

SGDM tracks the Sprott Zacks Gold Miners Index, which seeks to emphasize gold stocks with the highest quarterly revenue growth measured on a year-over-year basis and stronger relative balance sheets as measured by long-term debt to equity," according to Sprott. [New Miners ETF Debuts]

Investors have shown they like the idea of introducing fundamental weighting to a genre of the ETF market that has been dominate by cap-weighted products as it has taken SGDM just over three months to accumulate nearly $65 million in assets under management. That is no small feat because gold prices have been weak for a significant part of the ETF's lifespan.

"Sprott U.S. Holdings Chairman Rick Rule argues that gold companies with high revenue and low debt are increasing their gold resources efficiently and should be overweighted," according to Barron's.

The differences between SGDM and its rivals are readily apparent. For example, SGDM's largest holding, Franco-Nevada (FNV), accounts for almost 19% of that ETF's weigt, or nearly triple the weight GDX allocates to the stock.

SGDM's second-largest holding, Randgold Resources (GOLD), is 15.4% of that ETF, or more than triple the weight allocated to that name by GDX. Newmont Mining (NEM), GDX's third-largest holding with a weight of 8.4%, does not even reside in SGDM.

Sprott Gold Miners ETF

View photo

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• ETFs
• Investment & Company Information
• exchange traded funds

Tongon action plan to deliver performance upturn

JERSEY, CHANNEL ISLANDS–(Marketwired – Oct 26, 2014) – Randgold Resources (LSE: RRS)(NASDAQ: GOLD)

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
ACTION PLAN ON TRACK TO DELIVER PERFORMANCE UPTURN AT TONGON
Abidjan, Cote d'Ivoire, Saturday 25 October 2014 -The remedial
measures implemented to overcome the technical problems that have
impacted Tongon are starting to produce the desired results with the
mine's performance improving, says Randgold Resources chief executive
Mark Bristow.
Speaking at a briefing for local media here today, Bristow said mill
throughput and the recovery rate, the main challenges faced by the
mine, were both being turned around by a determined effort on the part
of the Tongon management team. Their action plan also includes the
replacement of the faulty crushers, which has now been completed with
the new crushers currently being integrated into the larger circuit,
and the expansion    of the flotation circuit, which will start when the
necessary equipment arrives on site next month."By early next year Tongon
should have achieved its targeted
performance levels, but the improvement is already evident, and despite
the setbacks and challenges the management team has had to contend
with, the mine should come within 10% of its production guidance of
260000 ounces for 2014, with costs well contained," Bristow said.
In the meantime, he said, infill drilling in the mine's south pit had
confirmed the potential for increasing the resource and the mineable
reserve to replace ounces depleted during the year. More details of
this will be provided with the group's third quarter results next
month.
Elsewhere in Cote d'Ivoire, Randgold has acquired two new permits while
more are pending. Thanks to the confidence inspired by the country's
new mining code, Bristow said, Randgold was stepping up its investment
   in exploration there. It was also rolling out its sustainability
programmes in line with the code.
Bristow said Randgold was working closely with the Ivorian ministry of
health and local authorities to ward off the potential threat posed by
the Ebola outbreak elsewhere in West Africa. "Although the Ebola
infestations are not present in Cote d'Ivoire, we believe in being
prepared and so does the government, and we are implementing extensive
measures to protect the health of our employees as well as our
surrounding communities," he said.
RANDGOLD ENQUIRIES:
Chief Executive Group Regional Manager West Investor & Media
Mark Bristow Africa Relations
+44 788 071 1386 Mahamadou Samake Kathy du Plessis
+223 66 75 01 22 +223 66 75 61 36 +44 20 7557 7738
 +223 20 20 16 94 randgold@dpapr.com 
Website: www.randgoldresources.com 
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical    information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and p   hrases or
state that certain actions, events or results 'may', 'could',
'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions
upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold
Resources Limited ('Randgold') and there is no assurance they will
prove to be correct. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Randgold to be materially different from those expressed or implied by
such forward-looking statements, including but not limited to: risks
related to mining operations, including political risks and instability
and risks related to international operations, actual results of
current exploration activities, conclusions of economic evaluations,
changes in project parameter   s as plans continue to be refined, as well
as those factors discussed in Randgold's filings with the US Securities
and Exchange Commission (the 'SEC'). Although Randgold has attempted
to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Randgold does not undertake to update any forward-looking
statements herein, except in accordance with applicable securities
laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in
their filings with the SEC, to disclose only proven and probable ore   
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.     This information is provided by RNS
 The company news service from the London Stock Exchange
END

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New South Africa Central Bank Gov Boosts Confidence

By Dimitra DeFotis

The prospect of tighter monetary policy in South Africa with a new South African Reserve Bank president is giving some stocks a boost today.

AngloGold Ashanti  (AU) shares are up nearly 3% this morning to $11.48, while shares of energy and chemicals company Sasol (SSL) rose nearly 2% to $54.10. The  iShares MSCI Emerging Markets ETF (EEM) is up 1.7% this morning, while the The iShares MSCI South Africa ETF (EZA)  is up 2.25%.

Teneo Intelligence reports that South Africa Pres. Jacob Zuma announced the appointment of Lesetja Kganyago as governor of the South African Reserve effective from Nov. 9, when the term of the current governor, Gill Marcus, expires. Expect a confidence boost and a slightly more hawkish monetary policy direction, writes Teneo's Anne Fruhauf:

"Kganyago, the SARB's highly-regarded current deputy governor and former director-general of the Treasury … may place slightly greater emphasis on price stability than his predecessor in the SARB's battle to balance inflation-targeting with supporting economic growth. The next monetary policy committee meeting on November 19 and 20 will be chaired by the incoming governor and speculation is increasing that the committee will come under immediate pressure to hike the benchmark rate (left unchanged at 5.75% at the MPC's September meeting). A key question will be how Kganyago manages the MPC. If he retains Marcus' inclusive, vote-driven style of decision-making, rate setting by the 7-member MPC is unlikely to change significantly even if Kganyago himself is somewhat more of an inflation hawk. Even under a slightly more hawkish leadership, the SARB will face tough dilemmas to balance its tightening cycle with weak growth. On the one ha nd, growth remains anemic, which may be confirmed yet again by the release of mining and manufacturing data for August on 9 October. On the other hand, inflation drivers such as currency weakness, wage demands and electricity prices all seem to have taken a recent turn for the worse and will complicate the SARB's medium-term inflation outlook …

In terms of the currency, the MPC's expectations of growing economic momentum in the U.S. and the prospect of a normalization of policy rates by the Fed are increasingly expected to add downward pressure on the rand (which some economists now project to reach 12 ZAR [South African Rand] to the U.S.dollar in the second half of 2015), posing clear downside risks for the MPC's inflation outlook. …Public sector unions – representing 1.3 million workers – have demanded pay hikes of 15%. … While fuel price pressures have eased in recent months, the medium-term outlook for electricity prices is worsening. … Together these factors may give the SARB little room to shield the sputtering economy from rate hikes over the next 12 months."

Bank of America reiterated skepticism on Sasol in September, with a target price of $55, near today's price near $54.10. For more on South Africa's currency and economy, see "Fed Reassures Emerging Markets," and "South Africa Econ Perilously Near Recession."

Why AngloGold Ashanti (AU) Could Be a Potential Winner

It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors' radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.   

One way to find these underappreciated stocks is by looking at companies that haven't seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven't quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is AngloGold Ashanti Ltd. (AU). This Gold Mining stock has actually seen estimates rise over the past month for the current fiscal year by about 43.6%. But that is not yet reflected in its price, as the stock lost 28.1% over the same time frame.

You should not be concerned about the price remaining muted going forward. This year's expected earnings growth over the prior year is 67.2%, which should ultimately translate into price appreciation.

And if this isn't enough, AU currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks’ portfolios and strategies here: About Zacks Performance).

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider AngloGold Ashanti. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AU and that now might be an interesting buying opportunity.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

 

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

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Verizon Talks Up M2M, Video Amid Slowing Growth

Wireless revenue growth has slowed at Verizon Communications, but its CFO says mobile video and M2M services will provide long-term upside once ongoing promotional battles lose steam.

Fran Shammo, Verizon‘s (NYSE:VZ) CFO, disclosed the wireless firm’s machine-to-machine (M2M) revenue for the first time on its Q3 earnings conference call Tuesday, aiming to deflect analysts’ concern over slowing service revenue growth. Verizon’s wireless service revenue rose 4.8% to $18.4 billion in Q3, down from 5.9% in Q2 and 7.5% in Q1 amid intensifying competition spurred by T-Mobile US (NYSE:TMUS) and, more recently, Sprint (NYSE:S).

Shammo says aggressive marketing and promotions will continue into Q4, a seasonally strong quarter this year boosted by the new Apple (NASDAQ:AAPL) iPhone 6. But the CFO says M2M and mobile video services are still in the early stages.

Charles Taylor of Flowood, Miss., was No. 1 in line at a Verizon store on Sept. 18 to upgrade to a new iPhone 6. View Enlarged Image

M2M technology, part of what is called the “Internet of Things,” connects cars, industrial products, medical devices and more to the Internet. Shammo said Verizon’s M2M and telematics revenue was $150 million in Q3. In the first nine months of 2014, M2M revenue totaled more than $400 million, up more than 40% from the year-earlier period, he said.

Shammo says mobile video will be a big driver for Verizon even though recent promotions provide consumers with much larger data caps for streaming TV shows, playing games or surfing the Internet. Sprint first offered “double data” promotions for family plans in August, followed by AT&T (NYSE:T)and then Verizon. The enlarged data buckets start at $110 to $130 per month.

Shammo says Verizon is seeing a lift from customers upgrading to 4G smartphones. Those customers usually buy plans with bigger data caps. Verizon’s superfast 4G LTE network, Shammo says, was built to carry video traffic.

And Verizon is developing more efficient technology, called LTE multicast broadcast technology, to whisk live content to smartphone users. Mobile phones featuring the multicast technology are expected to be widely available in 2015.

Despite ongoing promotional battles that are taking a toll on wireless margins and average monthly subscriber revenue across the industry, Shammo voiced optimism over Verizon’s long-term growth.

“(In Q3) we had one of the best quarters ever of customers stepping up to the next bucket,” Shammo told analysts on the call. “Video consumption is huge for us, it continues to increase quarter over quarter, year over year, and that’s driving a 50% increase in data usage on our 4G (customer) base.

“Video consumption, and if you look at machine-to-machine and Internet of Things — all of these are contributing to our growth.”

Sprint Delivers Industry-Leading Network Reliability and Call Performance in Albany, New York

ALBANY, N.Y.–(BUSINESS WIRE)–

Sprint (NYSE:S) today announced that its all-new network in Albany, New York, shared first-place for network reliability and received a joint first-place RootScore^® Award in call performance, according to a recent report by independent mobile analytics firm RootMetrics^®.

"We've made a number of improvements to our network and our Albany customers now have one of the most reliable networks, providing the strongest data and call connectivity as well as text performance," said Joe Meyer, vice president of Sprint Network Performance. "With our new pricing plans offering the best value in wireless, this is a great time to give Sprint a try."

Sprint has been building an all-new network in Albany and the surrounding areas. As part of the overhaul, the company has transformed its network to deliver faster data speeds than before, along with improved call quality. Network improvements include:

• 4G LTE for faster, more reliable data delivering peak wireless speeds of 25Mbps.
• Stronger in-building coverage using 800MHz low frequency spectrum.
• HD Voice, a new Sprint standard for crystal-clear voice calls providing a fuller, more natural-sounding voice on enabled devices, plus noise reduction technology that virtually eliminates background noise from places like a busy road or crowded restaurant.

Looking ahead, Sprint will continue to invest in its New York network by implementing new technologies and techniques to make the network more efficient and deliver improved performance and faster data speeds.

Best Value in Wireless

In addition to offering an all-new network, Sprint is also committed to providing U.S. consumers and businesses the best value in wireless, with plans that include double the data compared to AT&T and Verizon Wireless at the same or lower monthly price. With the Sprint Family Share Pack, Sprint offers double the sharable data¹ for smartphones, basic phones, tablets and mobile broadband devices. Sprint also offers customers unlimited talk, text and data for $60 per month with the Sprint $60 Unlimited Plan – a $20 savings per month compared to T-Mobile's $80 unlimited plan². In addition, Sprint Business Share plans are available for any mobile device and offer the flexibility for businesses to select data plans at competitive prices for almost any data need, up to 800GB for up to 100 lines.

About RootMetrics:

RootMetrics, an independent mobile analytics firm that offers insights into the consumer mobile experience, tests the networks of all four major wireless carriers in the U.S. twice per year. The company provides objective, unbiased assessments of performance across a broad range of consumer-oriented mobile activities including data usage, calling, and texting. Network reliability measures a customer's ability to establish and keep a data connection, make and retain a call, and send and receive texts.

Rankings are based on RootMetrics Albany (September 2014) RootScore Report for mobile performance as tested on best available plans and devices on 4 mobile networks across all available network types. The RootMetrics award is not an endorsement of Sprint. Your results may vary. See www.rootmetrics.com for details.

About Sprint:

Sprint (NYSE:S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served more than 54 million customers as of June 30, 2014 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint as the most improved U.S. company in customer satisfaction, across all 43 industries, over the last six years. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America in 2011, 2012 and 2013. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

¹To improve the data experience for the majority of users, throughput speeds may be limited, varied or reduced on the network.
²Compared to T-Mobile's $80 Simple Choice Plan with unlimited high-speed data, unlimited International text and data features, Rhapsody unRadio and 5GB of tethering per mo. See carrier website for additional details.

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