The survey was based on responses from 40 gold companies representing 26.5 million ounces of gold mined in 2011, and 37.75 million ounces to be mined in 2012.
For 2012 the average price that will be used by executives in their mine planning is $1,420/oz, compared with $1,130/oz in 2010. The price that executives plan to apply to their 2011 reserves varies from $850/oz to $1,650/oz, with 32% applying a price of $1,200/oz.Gold companies are seeking to attract more investors by boosting their dividends and plowing cash into acquisitions.
Walter Energy, Inc. (NYSE:WLT) is the 7th most profitable stock in this segment of the market. Its net profit margin was 15.80% for the last 12 months. Its operating profit margin was 24.94% for the same period. Resistance area is $67 and support level at $57.
Peabody Energy Corporation (NYSE:BTU) is the 9th most profitable stock in this segment of the market. Its net profit margin was 12.77% for the last 12 months. Its operating profit margin was 18.97% for the same period.Resistance area is $30 and support level at $27.
Ticker Company
AAU Almaden Minerals Ltd.
ACI Arch Coal Inc.
ACO Amcol International Corp.
ANO Anooraq Resources Corporation
ANR Alpha Natural Resources, Inc.
ARLP Alliance Resource Partners LP
ASM Avino Silver & Gold Mines Ltd.
AUMN Golden Minerals Company
AVL Avalon Rare Metals Inc.
AZC Augusta Resource Corp.
BBL BHP Billiton plc
BHP BHP Billiton Ltd.
BTU Peabody Energy Corp.
CCJ Cameco Corp.
CDY Cardero Resource Corp.
CEF Central Fund of Canada Limited
CHNR China Natural Resources Inc.
CLD Cloud Peak Energy Inc.
CMP Compass Minerals International Inc.
CNX CONSOL Energy Inc.
CXZ Crosshair Energy Corp.
DNN Denison Mines Corp.
GMO General Moly, Inc.
GSM Globe Specialty Metals, Inc.
HBM HudBay Minerals, Inc.
IVN Ivanhoe Mines Ltd.
JRCC James River Coal Co.
KXM Kobex Minerals, Inc.
MCP Molycorp, Inc.
MFN Minefinders Corp. Ltd.
MIL MFC Industrial Ltd
MTRN Materion Corporation
NAK Northern Dynasty Minerals Ltd.
NRP Natural Resource Partners LP
OXF Oxford Resource Partners, L.P.
PAL North American Palladium Ltd.
PBM Pacific Booker Minerals Inc.
PCX Patriot Coal Corporation
PLG Platinum Group Metals Ltd.
PLM Polymet Mining Corp.
PVG Penn Virginia GP Holdings LP
PVR Penn Virginia Resource Partners LP
PZG Paramount Gold and Silver Corp.
QMM Quaterra Resources Inc.
QRM Quest Rare Minerals Ltd.
REE Rare Element Resources Ltd.
RIO Rio Tinto plc
RVM Revett Minerals Inc
SHZ China Shen Zhou Mining & Resources, Inc.
SVBL Silver Bull Resources, Inc.
SWC Stillwater Mining Co.
TAS Tasman Metals Ltd.
TC Thompson Creek Metals Company Inc.
TCK Teck Resources Limited
TGB Taseko Mines Ltd.
TIE Titanium Metals Corporation
TLR Timberline Resources Corp.
UEC Uranium Energy Corp.
URG UR-Energy Inc.
URRE Uranium Resources, Inc.
URZ Uranerz Energy Corp.
USU USEC Inc.
VALE Vale S.A.
WLB Westmoreland Coal Co.
WLT Walter Energy, Inc.
XING Qiao Xing Universal Resources, Inc.
YZC Yanzhou Coal Mining Co. Ltd.
ZINC Horsehead Holding Corp.
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