The Gold Report
The big North American and Australian names that have led upward the global gold stocks sector since August 19 this year were pounded on Monday, following a correction in gold bullion. Looking across the board, gold stocks were awash in screens of red.
Since the recovery of stocks in general starting just after mid-August, and a resurgent gold bullion price, Tier I gold stock North American names Kinross, Barrick, and Goldcorp, have reached fresh records, along with Tier I Australian names Lihir and Newcrest. The Tier I South African names - AngloGold Ashanti, Gold Fields and Harmony - lagged, along with North American name, Newmont...
Gold stock investment trends over the past few months have clearly shown that investors have only really been prepared to commit to the bigger, quality names. This analysis has come through in the strong outperformance by Tier I and Tier II stocks, relative to the indifferent showing from Tier III stocks, and the lacklustre showing by developers and explorers, where dozens of hopeful names are listed. On Monday, 38 selected Toronto-listed gold stock juniors were trading at an average of 28% off 12-month highs.
Notable Quotes
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >
"DGC is attractively priced and should outperform its peers." (5/10/13) Detour Gold Corp. - Brad Humphrey, Raymond James More >
"Lead, zinc and gold factor heavily into the economics for MAG's Juanicipio silver project." (5/14/13) MAG Silver Corp. - The Metals Report Interview with Brent Cook More >
Gold Stocks: The Higher They Climb...
Source: Mineweb.com (10/22/07)
On Monday, 38 selected Toronto-listed gold stock juniors were trading at an average of 28% off 12-month highs.
More Experts
"ATY absolutely has potential for further discoveries at El Roble." (5/10/13) Atico Mining Corp. - The Gold Report Interview with Paul Harris More >
"OLE has the single largest set of deposits in Senegal, a country where gold mining is growing." (5/13/13) Oromin Explorations Ltd. - The Gold Report Interview with Peter Grandich More >
"BRD's Grey Fox continues to return high-grade gold results." (5/9/13) Brigus Gold Corp. - Eric Winmill, Casimir Capital More >
"We currently have a Buy recommendation on PVG." (5/8/13) Pretium Resources Inc. - Ash Guglani, Salman Partners More >
"NGC will solidify its position as having the most advanced and economically robust graphite project out there." (5/8/13) Northern Graphite Corporation - Kiril Mugerman, Industrial Alliance Securities More >