These 5 are still buys

Article Excerpt

Three years ago, when gold was at half of today’s price, we said that the best way to profit in gold was through junior miners that were increasing production by adding new mines. Our picks have done just that. Plus, they are generating lots of cash flow with rising gold prices. Here’s how they look today: European Goldfields $7.33, Toronto symbol EGU, has one mine in Greece and is nearing final approval on two more. Buy. Yamana Gold $13.89, Toronto symbol YRI, produces one million ounces a year from six mines. It aims to double that over the next few years with five more projects in advanced development. Buy. IAMGold $19.60, Toronto IMG, has interests in seven gold mines and a niobium mine. It also has lots of exploration and development projects underway. Buy. Northgate Minerals $3.32, Toronto symbol NGX, operates one mine in Canada and two in Australia. The company’s Young-Davidson project in Ontario will become its fourth mine. Buy. New Gold $4.54, Toronto symbol…