Here is a list of precious metal Stocks To Watch. Keep them on your radar and see if Gold begins going up as a reserve currency.
Orofino Gold Corp. (OTC:ORFG) recently reported that the results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper have been re-assayed. These results give the company four very strong targets and two extremely rich structures to target for Gold and Copper. The company will now implement an airborne magnetometer program as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
ORFG is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia.
OLDCORP INC. (NYSE:GG) recently reported increased gold production of 609,500 ounces for the second quarter which combined with higher realized gold prices to drive record operating cash flow of $382.6 million. Reported net earnings attributable to shareholders of Goldcorp in the quarter were $828.3 million compared to a net loss of $231.6 million in the second quarter of 2009. Adjusted net earnings were $198.8 million, or $0.27 per share, compared to $99.2 million, or $0.14 per share, in the second quarter of 2009.
GG engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company produces and sells gold, silver, and copper. It also holds interests in lead and zinc projects.
EGI, Entree Gold Inc. (NYSE AMEX:EGI) has approved a total of US$3.7 million for work on its Ann Mason property in Nevada. The property was acquired as part of the transaction whereby Entrée acquired all of the shares of PacMag Metals Limited, which closed on June 30, 2010 (NR dated June 30, 2010).
A budget of up to US$2.7 million has been approved to conduct deep-penetrating induced polarization (“IP”) geophysical surveys, to be followed by core drilling to explore the potential for higher grade mineralization at depth and for extensions west of the currently defined Ann Mason resource. This resource totals in excess of 7 billion pounds of copper (NR dated January 26, 2010) associated with porphyry-style mineralization and alteration, which includes a bornite-bearing, higher grade core zone. Approximately 9,100 metres of drilling is planned in nine holes.
EGI is a Canadian mineral resource company successfully meeting the global demand for products derived from gold, copper, molybdenum and coal.
EGI is achieving this goal through concerted exploration efforts. With operations in Mongolia, China, the United States, Canada and most recently Australia, through the acquisition of PacMag Metals Limited, EGI has assembled a portfolio of projects balanced between grass roots, advanced exploration and pre-production.
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