Lone Star Gold and Great Basin Gold -- Junior Miners Performing Well in 2012
February 10 2012 - 8:20AM
Marketwired
Gold mining stocks -- particularly juniors -- have performed well
this year. The Market Vectors Junior Gold Miners ETF (GDXJ) is up
more than 16 percent year to date - outperforming the SPDR Gold
Trust which is up slightly more than 10 percent. The Paragon Report
examines the outlook for companies in the Gold industry and
provides equity research on Lone Star Gold Inc. (OTCBB: LSTG) and
Great Basin Gold Ltd. (NYSE Amex: GBG) (TSX: GBG). Access to the
full company reports can be found at:
www.paragonreport.com/LSTG www.paragonreport.com/GBG
Gold mining stocks and ETFs had been lagging bullion prices in
recent years. However some analysts are looking for the shares to
tighten the performance gap in 2012. Scott Wright of Resource
Investor argues that 2011 global gold-mine production finally
returned to pre-bull levels. "In fact, with 2011's volume expected
to come in at around 88m ounces, we'll see a new all-time
production high," Wright argues.
Investing in gold mining stocks is not without risk, however. As
pointed out on BullionVault.com, higher costs can weigh on margins
and cut into profits. "Businesses which have found gold in smaller
countries have been forced to build roads, hospitals, schools and
other social infrastructure, as well as repair the damage they do,"
BullionVault.com reports.
The Paragon Report provide investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the gold industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Lone Star Gold, Inc., an exploration stage company, engages in
the acquisition, exploration, and development of gold and other
precious metal properties in Mexico and the United States. Earlier
this week Lone Star Gold signed a Joint Venture Agreement with the
specially formed Mexican subsidiary company, AMIKO KAY, S de RL de
CV, and Miguel Jaramillo to process 1.2 million tons of mine
tailings, at the San Antonio del Potrero mine tailings project.
Great Basin Gold Ltd. engages in the acquisition, exploration,
and development of precious metal deposits. Shares of the company
took a hit earlier this week after the company reported preliminary
fourth-quarter results that showed an 18% increase in the cost to
recover precious metals.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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