So far, for the 13 major gold producers the Gold Stock Strategist follows and for which analysts kindly provide quarterly earnings forecasts, the analysts have two "close enough" consensus forecasts, one "what did we miss?" forecast, and one real whopper of a miss.
The table that follows shows that four of the thirteen gold miners covered reported quarterly earnings last week. The four companies that reported were Agnico-Eagle (AEM), Barrick Gold (ABX), Buenaventura (BVN), and Newmont Mining (NEM). Analysts appeared to miss Agnico-Eagles tax recovery of $38.6 million equal to $0.25 per share in earnings. C'est la vie.
This upcoming week will be a big one for gold miners with 7 of the 13 large gold mining companies I cover reporting quarterly earnings.
On Tuesday, Kinross Gold (KGC), Yamana (AUY), release their earnings reports.
On Thursday, Eldorado (EGO), Gold Fields (GFI), Goldcorp (GG), and Randgold (GOLD) report.
And on Friday, South African miner Harmony Gold (HMY) reports quarterly earnings.
IAMGOLD (IAG) and AngloGold Ashanti (AU) report Q1 2009 earnings during the week of May 11-15.
This is the big week for investors in the largest gold mining companies. Let's hope the week ends on a positive note.
The Gold Stock Strategist