Struggling Gold Stocks Look for 2012 Turnaround
The Paragon Report Provides Equity Research on Yamana Gold & Great Basin Gold
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/03/12 -- Gold mining stocks have come under significant pressure in recent months amid widespread weakness in precious metals. According to the Associated Press much of the decline in gold can be blamed on questions about Europe's efforts to resolve its sovereign debt crisis and what the impact on the global economy will be. A slowdown in growth in China has also been a factor. The Paragon Report examines the outlook for companies in the Gold industry and provides equity research on Yamana Gold, Inc. (NYSE: AUY) (TSX: YRI) and Great Basin Gold Ltd. (NYSE Amex: GBG) (TSX: GBG). Access to the full company reports can be found at:
While gold has been in a tailspin during the final months of the year, the yellow metal continued an 11-year winning streak. Gold prices finished 2011 at $1,566.80, representing a 9.3 percent annual increase. While gold prices managed to post gains last year, the Market Vectors Gold Miners ETF (GDX) posted a massive 15 percent loss in December alone. In late December the GDX reached its lowest level since August 25, 2010.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the gold industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Yamana Gold Inc. engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. The company recently announced that it has started operations at its "Mercedes" mine. The Mercedes mine, located in Sonora, Mexico, is Yamana's newest mine and represents the first of a number of new mines to begin production into 2013. According to Yamana, "the mine development period, 114,000 tonnes of ore were stockpiled with an average gold grade of 7.84 g/t and 114.9 g/t of silver which represents approximately 30,000 gold equivalent ounces (GEO) in stockpile."
Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate. The company is currently focused on its two producing mines in the world's two richest gold regions: the Hollister Project on the Carlin Trend in Nevada, USA and the Burnstone Mine in the Witwatersrand goldfield of South Africa.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 03.01.2012 - 07:16 Uhr
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