netrashetty
Netra Shetty
Go Daddy is an Internet domain registrar and Web hosting company that also sells e-business related software and services. In 2010, it reached more than 45 million domain names under management.[1][2] GoDaddy is currently the largest ICANN-accredited registrar in the world, and is four times the size of its closest competitor.[1][3]
Known for its racy marketing, Go Daddy started advertising in the Super Bowl in 2005. Since then, the company expanded its marketing to include sports sponsorships.[4][5]
Go Daddy filed for an IPO in 2006, but later cancelled it, due to "market uncertainties
Goldcorp (TSX:G NYSE:GG) is one of the world's largest, most cost effective (twice as much net income as Kinross Gold in the first three quarters of 2010 despite similar revenue) and most active (has had a major interest in a number of other major companies including Silver Wheaton, Glamis Gold, Placer Dome, Escobal the half a billion dollar Guatemala silver deposit, acquired $240 million worth (8 percent) of Thompson Creek Metals by selling it 52% of Terrane Metals) mining companies. It has a direct interest in 17 major gold and silver projects throughout the America's (December 2010, 9 in the USA and Canada, 8 in the rest of America). In addition it has recently acquired 100% (deal completed December 30, 2010) of the 2.1 million ounce Cerro Del Negro deposit in Argentina (through the $3.6 billion takeover of Andean Resources).[1][2] It is engaged in gold mining production and related activities including exploration, extraction, processing, and reclamation.
Goldcorp also has one of the most extensive relationships of any gold mining company with other companies. It remains 100% unhedged (highly exposed to gold prices for most of its history) which means it doesn't need to spend billions of dollars to get out of bad hedge positions (in late 2009 the elimination of hedge commitments cost Barrick Gold $3 billion.[3][4] Goldcorp also owns 13% of Osisko Mining whose key asset is the 10 million ounce (2P reserve) Malartic deposit in Quebec; it also helped to establish another up and coming company New Gold by lending it the $463 million it needed to purchase the El Morrow gold and copper project in Chile from Xstrata.[3] Its 100% owned Penasquito mine in Mexico (hasn't started producing yet) has 1 billion ounces of silver in reserves.
Contents
1 Business overview, gold production by country
2 production at operating mines (or close to it)
3 Projects and their reserves
4 Gold reserves, total cash costs & silver production
5 Business and Financials
6 References
Gold production in the first nine months of 2010 amounted to 1.8305 million ounces (2.441 million annualized) a slight increase year on year. 52% of the increase came from Red Lake despite the fact that gold reserves there are dwindling (less than 5 years left at 2010 production rates).
Business overview, gold production by country
Through partnerships with small, medium and large cap mining companies Goldcorp is able to gain access to many lucrative projects around the world; having one of the most extensive relationships with other companies among gold miners gives Goldcorp an added advantage over some competitors in that it is easier for it to gain vital information about new projects, and gives it an established reputation. Partners include Xstrata (Alumbrera), Yamana Gold (Alumbrera), Kinross Gold (Musselwhite, Kinross's 32% interest was bought out in December 2007)), Barrick Gold (33.33% of Marigold, 60% of Pueblo Viejo), Silver Wheaton (regarding a silver streaming contract), New Gold (30% of El Morro). Goldcorp also has exploration agreements with another 22 mining companies, many of them nano and small cap companies listed on the TSX Venture Exchange. As recently as 2006-2007 Silver Wheaton (which it owned 49% of at the time, since then it has sold all ownership in the company) was the source of all of the company's silver revenue; that contrasts with today, it currently owns a number of significant silver properties including the billion ounce Penasquito mine and the Marlin property which produced 4.1 million ounces of silver in 2009 (47.5% more than it did in 2007).
production at operating mines (or close to it)
1000 oz 2008 2009 9M10 1000 oz 2008 2009 9M10
Red Lake 629.2 622.7 Porcupine 291 318.3
El Sauzal 274.2 203.8 Alumbrera(au) 189.2 158.2
Musselwhite 210.5 232.6 Marlin(au) 241.4 274.9
Wharf 60.7 67.7 Marigold 96.2 97.9
Marlin(ag) 3,287.5 4,156.5 Los Filos 213.6 239.3
Penasquito
gold na na 500
'11fyEst Pueblo Viejo
gold,40% na na 1,000
'12fyEst
Penasquito
silver na na 28,000
'11fyEst
With a couple very large projects expected to come on tap within the next year or two (Osisko's Malartic, 40% owned Pueblo Viejo (23.7 million proved and probable ounces), 100% owned Peñasquito (one of Mexico's biggest, 2P reserves 17.8 million ounces of gold, over 1 billion ounces of silver, 7 billion pounds of lead, 15.93 billion pounds of zinc) among many other big and small deposits, annual production is expected to increase significantly (Goldcorp expects it to be at least 50%). Penasquito began commercial production in September 2010, Silver Wheaton has purchased some of the silver that will be produced there.
The period of 2006/2007 was one of the most significant in company history in terms of production growth. Gold production increased 35.4% over that period going from 1.693 million to 2.2926 million ounces (although by product total cash costs per ounce increased 382% from 39 to $188, net earnings barely changed though).
Projects and their reserves
au,ag mil oz
cu bil lbs 2010 El
Morrow Camino
Rojo Éléonore[5] Pueblo
Viejo San Dimas
Primero[6] Noche
Buena Cerro
Blanco Escobal[7]
Tahoe Res Cochenour
nr RedLake[5]
2P gold 6.7 3.4 3.2 23.7 0.86 0.53 1.3 na na
2P copper 5.7 bil na na na no na na na na
2P silver na 60.7 na na yes 18.4 na 187.5
resource na
total gold
resource[7] na 3.9 9.5 na na 0.77 2 0.22 5
% interest 70% 100% 100% 40% 36% 100% 100% 40% 100%
sources include Goldcorp 1st and 3rd 2010 quarterly reports and results (they are different), 2009 end of year factsheet, goldcorp website operations, 24hr gold and Goldcorp's 2009 end of year reserves and resources estimates
Gold reserves, total cash costs & silver production
mil oz au,ag
lbs cu 2P
gold ('10) 2P
copper ('10) 2P
silver ('10) total resource
gold % interest[8] Total cash costs
by-product 2007 2008 9M09 9M10
Red Lake 3.42 na na 5.48 100% 260 302 255 268
Porcupine 2.79 na na 7.86 100% 489 588 406 526
Musselwhite 2.11 na na 2.38 100% 491 611 737 632
Penasquito(1Q'10)[5]
n.incl zinc,lead 17.8 na 1.1 bil 23.5 100% na na na (577)
Los Filos 5.67 na na 7.07 100% na 407 455 438
El Sauzal 0.33 na na 0.47 100% 120 149 258 220
Marlin 2.07 yes na 2.14 100% 144 191 52 185
Alumbrera 1.53 yes na na 37.5% (684) (449) (896) (823)
Marigold 1.61 na na 2.5 66.67% 575 608 817 542
Wharf 0.19 na na 0.48 100% 369 481 679 665
Total 1q10 48.75[6] 1.23 bil[6] 1,300[6] 91.06[6] na 305 295 260
Key mines include Red Lake (has the highest gold production of any mine in Canada (2010), the Canadian Porcupine and Musselwhite gold mines (both 100% owned), a 37.5% interest in the Alumbrera gold/copper mine in Argentina, the El Sauzal gold mine and Luismin gold/silver mines in Mexico, the Marlin gold/silver mines in Guatemala, La Coipa gold/silver mine in Chile and the Marigold gold mine and the Wharf gold mine in the United States. In 2008 it closed the San Martin gold mine in Honduras (produced as much as 81,500 ounces of gold as recently as 2005 (cash cost $294 per ounce)).
Goldcorp experienced significant growth in the first decade of the 21st century, its total resource of gold increased from about 5 million in 2001 to over 80 million in 2009.[9] On February 24, 2010 Goldcorp sold its 21.2% interest in El Limon (it lost $18.7 million there).
The company produced 11.8499 million ounces of silver in 2009 a 23.1% increase over 2008 production. Though still its largest source of silver, San Dimas production fell 0.4% to 5.0934 million ounces (43% of the company total) from 5.1135 million ounces in 2008 (53.1% of the company total). Silver production increased the most at Penasquito (exactly twice as much up to 2.6 million ounces, 21.94% of the total) while Marlin also increased to 4.1455 million (29.38% year on year increase).[6]
Business and Financials
Significant changes in net income happened in 2007/2008 (220.7% increase over that year to about $1.5 billion) and 2009/2010 (for the first three quarters of 2010 (January to September) net income was 1238.4 million (618.3% more than the corresponding period in 2009).
Known for its racy marketing, Go Daddy started advertising in the Super Bowl in 2005. Since then, the company expanded its marketing to include sports sponsorships.[4][5]
Go Daddy filed for an IPO in 2006, but later cancelled it, due to "market uncertainties
Goldcorp (TSX:G NYSE:GG) is one of the world's largest, most cost effective (twice as much net income as Kinross Gold in the first three quarters of 2010 despite similar revenue) and most active (has had a major interest in a number of other major companies including Silver Wheaton, Glamis Gold, Placer Dome, Escobal the half a billion dollar Guatemala silver deposit, acquired $240 million worth (8 percent) of Thompson Creek Metals by selling it 52% of Terrane Metals) mining companies. It has a direct interest in 17 major gold and silver projects throughout the America's (December 2010, 9 in the USA and Canada, 8 in the rest of America). In addition it has recently acquired 100% (deal completed December 30, 2010) of the 2.1 million ounce Cerro Del Negro deposit in Argentina (through the $3.6 billion takeover of Andean Resources).[1][2] It is engaged in gold mining production and related activities including exploration, extraction, processing, and reclamation.
Goldcorp also has one of the most extensive relationships of any gold mining company with other companies. It remains 100% unhedged (highly exposed to gold prices for most of its history) which means it doesn't need to spend billions of dollars to get out of bad hedge positions (in late 2009 the elimination of hedge commitments cost Barrick Gold $3 billion.[3][4] Goldcorp also owns 13% of Osisko Mining whose key asset is the 10 million ounce (2P reserve) Malartic deposit in Quebec; it also helped to establish another up and coming company New Gold by lending it the $463 million it needed to purchase the El Morrow gold and copper project in Chile from Xstrata.[3] Its 100% owned Penasquito mine in Mexico (hasn't started producing yet) has 1 billion ounces of silver in reserves.
Contents
1 Business overview, gold production by country
2 production at operating mines (or close to it)
3 Projects and their reserves
4 Gold reserves, total cash costs & silver production
5 Business and Financials
6 References
Gold production in the first nine months of 2010 amounted to 1.8305 million ounces (2.441 million annualized) a slight increase year on year. 52% of the increase came from Red Lake despite the fact that gold reserves there are dwindling (less than 5 years left at 2010 production rates).
Business overview, gold production by country
Through partnerships with small, medium and large cap mining companies Goldcorp is able to gain access to many lucrative projects around the world; having one of the most extensive relationships with other companies among gold miners gives Goldcorp an added advantage over some competitors in that it is easier for it to gain vital information about new projects, and gives it an established reputation. Partners include Xstrata (Alumbrera), Yamana Gold (Alumbrera), Kinross Gold (Musselwhite, Kinross's 32% interest was bought out in December 2007)), Barrick Gold (33.33% of Marigold, 60% of Pueblo Viejo), Silver Wheaton (regarding a silver streaming contract), New Gold (30% of El Morro). Goldcorp also has exploration agreements with another 22 mining companies, many of them nano and small cap companies listed on the TSX Venture Exchange. As recently as 2006-2007 Silver Wheaton (which it owned 49% of at the time, since then it has sold all ownership in the company) was the source of all of the company's silver revenue; that contrasts with today, it currently owns a number of significant silver properties including the billion ounce Penasquito mine and the Marlin property which produced 4.1 million ounces of silver in 2009 (47.5% more than it did in 2007).
production at operating mines (or close to it)
1000 oz 2008 2009 9M10 1000 oz 2008 2009 9M10
Red Lake 629.2 622.7 Porcupine 291 318.3
El Sauzal 274.2 203.8 Alumbrera(au) 189.2 158.2
Musselwhite 210.5 232.6 Marlin(au) 241.4 274.9
Wharf 60.7 67.7 Marigold 96.2 97.9
Marlin(ag) 3,287.5 4,156.5 Los Filos 213.6 239.3
Penasquito
gold na na 500
'11fyEst Pueblo Viejo
gold,40% na na 1,000
'12fyEst
Penasquito
silver na na 28,000
'11fyEst
With a couple very large projects expected to come on tap within the next year or two (Osisko's Malartic, 40% owned Pueblo Viejo (23.7 million proved and probable ounces), 100% owned Peñasquito (one of Mexico's biggest, 2P reserves 17.8 million ounces of gold, over 1 billion ounces of silver, 7 billion pounds of lead, 15.93 billion pounds of zinc) among many other big and small deposits, annual production is expected to increase significantly (Goldcorp expects it to be at least 50%). Penasquito began commercial production in September 2010, Silver Wheaton has purchased some of the silver that will be produced there.
The period of 2006/2007 was one of the most significant in company history in terms of production growth. Gold production increased 35.4% over that period going from 1.693 million to 2.2926 million ounces (although by product total cash costs per ounce increased 382% from 39 to $188, net earnings barely changed though).
Projects and their reserves
au,ag mil oz
cu bil lbs 2010 El
Morrow Camino
Rojo Éléonore[5] Pueblo
Viejo San Dimas
Primero[6] Noche
Buena Cerro
Blanco Escobal[7]
Tahoe Res Cochenour
nr RedLake[5]
2P gold 6.7 3.4 3.2 23.7 0.86 0.53 1.3 na na
2P copper 5.7 bil na na na no na na na na
2P silver na 60.7 na na yes 18.4 na 187.5
resource na
total gold
resource[7] na 3.9 9.5 na na 0.77 2 0.22 5
% interest 70% 100% 100% 40% 36% 100% 100% 40% 100%
sources include Goldcorp 1st and 3rd 2010 quarterly reports and results (they are different), 2009 end of year factsheet, goldcorp website operations, 24hr gold and Goldcorp's 2009 end of year reserves and resources estimates
Gold reserves, total cash costs & silver production
mil oz au,ag
lbs cu 2P
gold ('10) 2P
copper ('10) 2P
silver ('10) total resource
gold % interest[8] Total cash costs
by-product 2007 2008 9M09 9M10
Red Lake 3.42 na na 5.48 100% 260 302 255 268
Porcupine 2.79 na na 7.86 100% 489 588 406 526
Musselwhite 2.11 na na 2.38 100% 491 611 737 632
Penasquito(1Q'10)[5]
n.incl zinc,lead 17.8 na 1.1 bil 23.5 100% na na na (577)
Los Filos 5.67 na na 7.07 100% na 407 455 438
El Sauzal 0.33 na na 0.47 100% 120 149 258 220
Marlin 2.07 yes na 2.14 100% 144 191 52 185
Alumbrera 1.53 yes na na 37.5% (684) (449) (896) (823)
Marigold 1.61 na na 2.5 66.67% 575 608 817 542
Wharf 0.19 na na 0.48 100% 369 481 679 665
Total 1q10 48.75[6] 1.23 bil[6] 1,300[6] 91.06[6] na 305 295 260
Key mines include Red Lake (has the highest gold production of any mine in Canada (2010), the Canadian Porcupine and Musselwhite gold mines (both 100% owned), a 37.5% interest in the Alumbrera gold/copper mine in Argentina, the El Sauzal gold mine and Luismin gold/silver mines in Mexico, the Marlin gold/silver mines in Guatemala, La Coipa gold/silver mine in Chile and the Marigold gold mine and the Wharf gold mine in the United States. In 2008 it closed the San Martin gold mine in Honduras (produced as much as 81,500 ounces of gold as recently as 2005 (cash cost $294 per ounce)).
Goldcorp experienced significant growth in the first decade of the 21st century, its total resource of gold increased from about 5 million in 2001 to over 80 million in 2009.[9] On February 24, 2010 Goldcorp sold its 21.2% interest in El Limon (it lost $18.7 million there).
The company produced 11.8499 million ounces of silver in 2009 a 23.1% increase over 2008 production. Though still its largest source of silver, San Dimas production fell 0.4% to 5.0934 million ounces (43% of the company total) from 5.1135 million ounces in 2008 (53.1% of the company total). Silver production increased the most at Penasquito (exactly twice as much up to 2.6 million ounces, 21.94% of the total) while Marlin also increased to 4.1455 million (29.38% year on year increase).[6]
Business and Financials
Significant changes in net income happened in 2007/2008 (220.7% increase over that year to about $1.5 billion) and 2009/2010 (for the first three quarters of 2010 (January to September) net income was 1238.4 million (618.3% more than the corresponding period in 2009).