Saturday, August 18, 2012

Digging for gold miners

ARZ.T - Aurizon - They have $208 mil in cash and no debt. The company has been profitable, even with the rising costs in labour and hydro. There's also room for speculative drilling, and they have good results. (NOX.V is in a JV with ARZ, so if you're looking for a penny stock it might be worth watching. They have good drill results)

IMG-T - Iamgold

NGD-T - New Gold

I'd like to say SGR.T but it's not been peforming well at all. Of course, it might be a decent bottom fish.

Recent Article in the Globe

Gold Miners with Bullion brawn

http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/g
old-miners-with-bullion-brawn/article4470435/


Mentions from Globeinvestor  - YRI.T, SMF.T, SGR.T, P.T, NGD.T, LSG.T, LMA.T, KGI.T, K.T, IMG.T

Of those, I like YRI, SMF, SGR, NGD, and IMG

Not familiar with LMA or KGI. Kinross seems to have multiple problems, P - Primero is worth studying. LSG has high costs (imo)

If you're looking for a "penny" producer, and explorer I think BRD.T is worth a shot. This is Brigus Gold, and is a combination of Apollo Gold and Linear Gold. It's a producer, explorer.

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