New Gold
Toronto symbol NGD, operates three mines: the Peak gold/copper mine in Australia, the Cerro San Pedro gold/silver mine in Mexico and the Amapari gold mine in Brazil.
WESTJET AIRLINES $13.95 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 130.8 million; Market cap: $1.8 billion; Dividend yield: 1.7%) reports that its revenue rose 12.9% in the three months ended December 31, 2011, to $781.5 million from $692.2 million a year earlier.
Demand for the company’s flights remains high, and it has entered into new partnerships with …read more »
YAMANA GOLD $14.52 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 746.2 million; Market cap: $10.8 billion; Dividend yield: 1.3%) owns seven operating gold mines in Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina, and has three other properties in advanced stages of development.
In the three months ended …read more »
NEW GOLD $11.97 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 428.8 million; Market cap: $5.3 billion) has three operating mines: the Mesquite mine in the U.S., the Cerro San Pedro mine in Mexico and the Peak mine in Australia. It also owns 30% of the El Morro copper/gold project in Chile (Goldcorp owns the other 70%) and …read more »
NEW GOLD $10.02 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315- 9715; www.newgold.com; Shares outstanding: 399.1 million; Market cap: $4.0 billion; No dividends paid) has agreed to buy Richfield Ventures (symbol RVC on Toronto) for $550 million in New Gold shares.
New Gold holds cash of $491 million, or $1.25 a share, so it could use some of those funds for …read more »
AMERIGO RESOURCES $1.10 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 171.5 million; Market cap: $188.7 million; No dividends paid) has risen 69% since June 2010 on higher copper prices.
Amerigo processes copper and molybdenum from the waste rock from Chile’s El Teniente, the world’s largest copper mine. The contract runs at least through 2021. Amerigo has a further …read more »
EUROPEAN GOLDFIELDS $14.36 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 182.4 million; Market cap: $2.6 billion; No dividends paid) holds a 95% interest in Hellas Gold. Hellas owns three gold and base-metal deposits in Greece: the Stratoni zinc/lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
In the three months ended September 30, …read more »
Gold has been attracting investor interest because it recently broke out of the $930 to $960 U.S. range that it had been trading in and climbed over $1,000.
The last time gold was over $1,000 was last March. In November, it dropped to $700 as stock-market prices fell sharply.
Many investors see investing in gold as a safe haven
We feel that …read more »
NEWMONT MINING CORP. $39 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 454.3 million; Market cap: $17.7 billion; Price to- sales ratio: 3.4; WSSF Rating: Average) is one of the world’s largest gold mining companies, with major operating gold mines in the United States, Canada, Australia, Peru, Bolivia and Ghana. Gold accounts for about 85% of Newmont’s …read more »
Gold moved up from $300 an ounce in the early part of this decade to over $1,000 in 2008. It fell to $700 in November 2008 as the stock market bottomed out. Like the stock market, gold has regained some of its losses and now trades at around $900.
We feel gold will eventually surpass its recent highs. We also feel …read more »
NORTHGATE MINERALS CORP. $1.24 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 255.7 million; Market cap: $317.0 million) owns and operates the Kemess South open-pit mine in north-central B.C. However, Northgate expects to exhaust the ore at Kemess South in late 2010.
To replace production from Kemess South, Northgate bought Australian gold miner Perseverance Corp. last year for $257 …read more »
