Promising Updates From Brigus Gold and Great Basin Gold
January 17 2012 - 8:20AM
Marketwired
Gold prices have been volatile in recent months as better than
expected U.S. economic data has boosted the greenback. While the
price of gold has faced several headwinds of late, several mining
operators are optimistic gold could make a run in 2012 due to the
ongoing accommodative monetary policies across the globe. Five Star
Equities examines the outlook for companies in the Gold industry
and provides equity research on Brigus Gold Corporation (NYSE Amex:
BRD) (TSX: BRD) and Great Basin Gold Ltd. (NYSE Amex: GBG) (TSX:
GBG). Access to the full company reports can be found at:
www.fivestarequities.com/BRD
www.fivestarequities.com/GBG
Several mining companies are optimistic that gold prices will
have a strong 2012. U.S. Gold Corp Chief Executive Rob McEwen said
he expects global financial worries to push gold prices above
$2,000 an ounce this year and even higher in the next few years.
McEwen also argues that major gold mining companies should increase
dividends to attract investors. The former Goldcorp founder
believes that shareholders currently are not getting the kind of
returns they should expect with the gold price so high.
Five Star Equities releases regular market updates on the Gold
industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.fivestarequities.com and get
exclusive access to our numerous stock reports and industry
newsletters.
Brigus Gold Corp. engages in the extraction, processing,
refining, and production of gold and other by-product metals
primarily in North America. The company recently announced that its
Black Fox Mine is expected to produce between 14,000 and 15,000
ounces in the fourth quarter of 2011. Production is lower than
anticipated due to a slower ramp up of underground production and
higher than expected dilution in the underground as the Company
develops and optimizes mining practices. "Increasing production at
Black Fox is our top priority," said Wade Dawe, President and CEO
of Brigus.
Great Basin Gold is a mining company engaged in the exploration
and development of gold properties. The company recently announced
that its Burnstone Mine in South Africa continues "to make good
progress in a number of areas," notably in ore development which
increased by 29% and in contained gold extracted, which increased
by 16% compared to the similar period in the previous quarter.
Five Star Equities provides Market Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. Five Star Equities has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
www.fivestarequities.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Five Star Equities Email Contact
Great Basin Gold, Ltd. (AMEX:GBG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Great Basin Gold, Ltd. (AMEX:GBG)
Historical Stock Chart
From Jul 2023 to Jul 2024