It looks like the gold and silver mining stocks (especially the juniors) could be reversing the downward trend they've been in for a while now. While gold has remained under $1600, the stocks have gone up a little bit, with the HUI back up to near 420 and the GDX at 43.
Perhaps people are starting to realize just how ridiculously undervalued this sector has become. These companies are profitable with $1600, $1500, $1400, even $1200 gold.
http://finance.yahoo.com/blogs/breakout/gold-hits-2012-low-gold-miners-show-signs-132751621.html
Showing posts with label Canada Mining. Show all posts
Showing posts with label Canada Mining. Show all posts
Thursday, May 10, 2012
Tuesday, April 10, 2012
Brigus Ready for a Breakout
BIG news out of the Brigus Gold camp today. I guess there was a good reason for all that recent insider buying!
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"Brigus Reports 26.83 Grams Per Tonne Gold Over 15.50 Metres at the Contact Zone on the Black Fox Complex.
The initial resource estimate for the Contact and 147 zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Exploration drilling at the Black Fox Complex is progressing as planned with four drill rigs and an updated resource estimate on the Contact and 147 zones will be released in 2012."
ALSO:
"Brigus Gold Corp's (BRD.TO) first-quarter production touched the top end of its guidance, helped by robust output at its Black Fox mine in Ontario and the gold producer said it expects costs to be lower than its earlier forecast.
The company still sees gold production of 77,000 ounces to 85,000 ounces in the year.
Cash costs, which are estimated at $775-$825 per ounce, are likely to drop to about $700 per ounce in 2013, the company said in a statement."
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If this doesn't bump the shares up, I don't know what will. This stock should be trading AT LEAST over $1 a share right now...
I am long BRD.
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"Brigus Reports 26.83 Grams Per Tonne Gold Over 15.50 Metres at the Contact Zone on the Black Fox Complex.
The initial resource estimate for the Contact and 147 zones, as released in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Exploration drilling at the Black Fox Complex is progressing as planned with four drill rigs and an updated resource estimate on the Contact and 147 zones will be released in 2012."
ALSO:
"Brigus Gold Corp's (BRD.TO) first-quarter production touched the top end of its guidance, helped by robust output at its Black Fox mine in Ontario and the gold producer said it expects costs to be lower than its earlier forecast.
The company still sees gold production of 77,000 ounces to 85,000 ounces in the year.
Cash costs, which are estimated at $775-$825 per ounce, are likely to drop to about $700 per ounce in 2013, the company said in a statement."
-------
If this doesn't bump the shares up, I don't know what will. This stock should be trading AT LEAST over $1 a share right now...
I am long BRD.
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