Hecla ein Übernahmeziel von Goldcorp!?
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|Eröffnet am:||04.09.04 09:36||von: FlorianPasca.||Anzahl Beiträge:||1|
|Neuester Beitrag:||04.09.04 09:36||von: FlorianPasca.||Leser gesamt:||3.342|
FlorianPascale: Hecla ein Übernahmeziel von Goldcorp!?
Goldcorp, the Canadian precious metals miner, is planning to acquire up to 200,000 ounces a year of gold production as part of its plan to produce 1m ounces annually by 2005.
The group, which is the world’s eighth largest gold miner by market capitalisation, has eschewed recent market consolidation in favour of organic growth at its Red Lake mine in Ontario.
But Rob McEwen, chief executive, said Goldcorp would now look for ''selective acquisitions'' in Australia or North America.
''Half of the improvement towards our 1m-ounce target can come from Red Lake but the rest will have to come from outside the company,'' he added.
Goldcorp has been trying to acquire Placer Dome’s Campbell Mine, which is adjacent to Red Lake, but has been unable to convince the metals group to part with the property.
Campbell currently has 200,000 ounces a year of production. Analysts said Placer was unlikely to do a deal until it had done due diligence on Campbell to assess its full value.
In the meantime, Hecla, the Idaho-based gold and silver producer, has been tipped as an alternative acquisition target.
''It would be logical for Goldcorp to divert attention away from Red Lake and Campbell. Hecla is undervalued, produces about 225,000 ounces a year of gold and Rob McEwen knows its management well,'' said one observer.
Hecla has a market capitalisation of about 320m, but analysts said Goldcorp might have to pay as much as 425m, based on the group’s previous share price highs.
Mr McEwen said any acquisition would have to fit in with the group’s strategy of low-cost gold production.
He added that the company would continue to stockpile gold in its treasury, both from its own production and by buying in the market, to give it greater leverage to the gold price.
''We are in the right cycle for gold at the moment. Based on historical trends, I think there are another nine years of upside for the gold price,'' he said.
Goldcorp already has 180,000 ounces of gold in its treasury. John Bridges, analyst at JP Morgan in New York, said: ''If you believe we are entering a structural bull market for gold, why sell it?''
Dieser Artikel aus der Financial Times (siehe Artikel oben) schreibt, das Goldcorp ein Auge auf HECLA als ein mögliches Übernahmeziel geworfen hat.
Wenn Goldcorp sowohl für HECLA als auch für GBN bietet, dann sei nicht darüber überrascht, wenn Wheaton River ein unmittelbares Gegenangebot abgibt.