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Workforce Reductions, Terminated Development Plans, Acquisitions, Dividends, and Expansion Projects - Research Report on

 Workforce Reductions, Terminated Development Plans, Acquisitions, Dividends,
  and Expansion Projects - Research Report on Newmont, Kinross, IAMGOLD, New
                               Gold, and Nevsun

PR Newswire

NEW YORK, June 20, 2013

NEW YORK, June 20, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting Newmont
Mining Corporation (NYSE: NEM), Kinross Gold Corporation (NYSE: KGC), IAMGOLD
Corporation (NYSE: IAG), New Gold Inc. (NYSE: NGD), and Nevsun Resources Ltd.
(NYSE: NSU). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
links below.

Newmont Mining Corporation Research Report

On June 12, 2013, Newmont Mining Corporation (Newmont) announced its plans to
reduce its workforce in Colorado by at least 33% over the next 90 days.
According to Newmont, the reduction reflects the Company's work to streamline
its operating model and sharpen its ability to create value for shareholders
and other stakeholders. The new operating model is expected to shift greater
accountability for production and profitability to the Company's operational
teams, and make its corporate team focus on strategy and governance. "Ongoing
price volatility and steadily rising costs create intense pressure for Newmont
to continuously improve its efficiency and effectiveness," said Gary Goldberg,
President and CEO of Newmont. "We face some very difficult decisions in
streamlining our organization and are committed to treating people fairly
throughout this process." The Full Research Report on Newmont Mining
Corporation - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/3aa2_NEM]

Kinross Gold Corporation Research Report

On June 10, 2013, Kinross Gold Corporation (Kinross) announced that it will
not proceed with further development of the Fruta del Norte (FDN) project in
Ecuador. Kinross has already informed the Government of Ecuador about its
decision, and requested the government's cooperation in ensuring an orderly
transition that respects the interests of both parties. Despite pending
legislative amendments to the mining and tax law regime in Ecuador, Kinross
has decided that it is not in the interests of the Company and its
shareholders to invest further in developing FDN, mainly because of its
disagreements with the Government of Ecuador on certain key economic and legal
terms. The Company reported that its decision to stop the development of FDN
will result in a charge of approximately $720 million in Q2 2013. The Full
Research Report on Kinross Gold Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/0fcc_KGC]

IAMGOLD Corporation Research Report

On June 4, 2013, IAMGOLD Corporation (IAMGOLD) declared a semi-annual dividend
payment of $0.13 per common share. The semi-annual dividend is payable on July
12, 2013 to shareholders of record as of the close of trading on July 3, 2013.
The Company reported that the payment represents a dividend yield of more than
4% based on the average closing value of IAMGOLD's common shares over the last
20 days. "At IAMGOLD, we are focused on being disciplined about our capital
allocation and are well advanced on our program to reduce costs, which allows
us to maintain our dividend payout rate," said Steve Letwin, President and CEO
of IAMGOLD. "Today's dividend declaration reflects our liquidity and the
confidence we have in future cash flows for the Company." The Full Research
Report on IAMGOLD Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/4394_IAG]

New Gold Inc. Research Report

On May 31, 2013, New Gold Inc. (New Gold) and Rainy River Resources (Rainy
River) jointly announced that the two Companies have entered into a definitive
acquisition agreement, whereby New Gold will offer to acquire all the
outstanding common shares of Rainy River through a friendly take-over bid. As
per the agreement, New Gold will offer 0.5 of its common share, or $3.83 in
cash, at the election of each holder of Rainy River common shares. The Company
reported that the offer represents a premium of 42% over the closing price of
the Rainy River shares on the Toronto Stock Exchange on May 30, 2013, and a
67% premium to Rainy River's 20-day volume weighted average trading price. "We
view the combination of Rainy River's ideal location, sizeable reserve, robust
production potential, and experienced team as presenting a truly compelling
opportunity," said Randall Oliphant, Executive Chairman of New Gold. The Full
Research Report on New Gold Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/9605_NGD]

Nevsun Resources Ltd. Research Report

On June 17, 2013, Nevsun Resources Ltd. (Nevsun) announced that the copper
flotation circuit construction, located at the Company's Bisha mine in
Eritrea, has been completed. The Company reported that the copper flotation
plant was completed on time and will be under budget. Further, Nevsun also
reported that decision has been made to process the precious metal rich pyrite
sands by flotation prior to copper supergene ore flotation. "This additional
pyrite sand material and the additional $100 million revenue prove once again
that Bisha is a tremendous deposit," said Cliff Davis, President and CEO of
Nevsun. The Company expects the supergene copper flotation to commence in
September 2013, upon completion of pyrite sand flotation. Further, Nevsun
provided an updated guidance for 2013, with estimated gold production of
110,000 ounces, and copper production between 30 million to 50 million pounds.
Also, the Company expects annualized copper production rate of 200 million
pounds per annum by Q1 2014. The Full Research Report on Nevsun Resources Ltd.
- including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/933d_NSU]

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SOURCE Wall Street Reports

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