Lihir Gold

Lihir Gold (LGL)

Stock Code

LGL

Stock Exchange

ax

Lihir Gold Limited (LGL) is an Australian-based gold mining company engaged in the mining, exploration and gold processing in the Australasian region. LGL’s processing and gold mine facilities are located on Lihir Island, an island situated in the province of New Ireland in Papua New Guinea. Although the company is headquartered in Port Moresby, Papua New Guinea, it operates mainly in Australia. LGL was listed on the Australian Stock Exchange on the 9th of October, 1995. Its annual revenue reaches $498 million out of its issued capital of $873,822.

Lihir Gold Dividends

9 August, 2010 - 21:45

Study the historical dividends for LIHIR GOLD LIMITED.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive LGL dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the LGL dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Baker takes Hood’s Job as the CEO of Lihir Gold


Arthur Hood, the chief executive of Australia based exploration and mining company Lihir Gold (LGL), has stepped down from his post with instant effect. He has been replaced by Phil Baker on a temporary basis. Mr. Baker was the chief financial officer of the company. Mr. Hood remained as the CEO of Lihir Gold for four years. He joined the company from Placer Dome. According to Lihir, Mr. Hood had time on his contract to run.

Lihir Gold Reports Decline in Production


The Australia based gold mining company Lihir Gold (LGL) has posted a 20 percent decline in production for the third quarter offset by an unexpected increase of reserves and commitment to go for paying out regular dividend. According to Arthur Hood, the managing director of the company, Lihir would make a payment of US1.5c dividend at the end of November; the first dividend the company would be paying since 2003. It is to be mentioned that Lihir made a 2c payout per share in 2003.

Lihir to Pay Dividend for the first time in Six Years


The Australia based gold exploration, mining and processing company Lihir Gold (LGL) is planning to pay its first dividend since 2003 following a boost in price and output. The chief executive of the company Arthur Hood stated that with the gain in the gold price and improved performance, the Mining Company is set to pay the regular dividends. This is the best time to reward the Lihir shareholders with either capital or dividend or maybe through both of them- he added.

Gold Price to Hit $US1500


Lihir Gold (LGL), one of the major gold exploration and mining companies of Australia which has operations in New Ireland, Papua New Guinea have stated that the price of gold could increase to $US1500 per ounce. The comments came from the mining giant after the price of gold moved to $US1062.70 in the New York Mercantile Exchange a week earlier. The weak US currency was considered as one of the main reasons for the rise of gold price along with the Chinese restocking.

Lihir Reports a Stunning $109.3 Million Profit


Lihir Gold (LGL) has recorded $109.3 million profit for the year 2008. Analysts on average were expecting Lihir, whose main asset is the Lihir gold mine in Papua New Guinea, to report 2008 net profit of $122.13 million, based on Reuters Estimates, against a $24 million loss in 2007. Lihir Gold, the second largest gold mining company said second-half sales rose 64% to $468.9 million from $286.7 million, a year ago. Net profit rose 229.0% to $73.7 million compared to net profit of $22.4 million, a year ago.

Australian Market Preview


Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

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Australian Resources Weekly News


Australian Resources Weekly provided by Australian market analyst UBS.

What are consensus estimates telling us?

Consensus estimates versus spot prices:

Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.

Australian Equity Strategy Update


Australian Equity Strategy Update provided by Australian stockmarket analyst Macquarie Research Equities.

Model Portfolio Update

Reducing Energy - Preference For Diversifieds:

We remain overweight diversified resources (where valuations appear reasonable), and have moved energy down from benchmark to underweight, as we believe valuations in the sector are looking stretched, as is the oil price in our view.

Accumulating Banks:

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