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Great Time to Look into this Junior Mining Company, According to Penny Stock Detectives, a Leading Financial Web Site(June 05, 2012)
New York, NY (PRWEB) June 05, 2012
In a recent Penny Stock Detectives article, Sasha Cekerevac points out that after such an extended increase in gold prices, theres a natural period of consolidation, which is healthy. Cekerevac believes the gold bull market is intact, which means that, while gold is basing, this is a great time to look into junior mining companies.
One of the more interesting gold junior mining companies is Brigus Gold, notes Cekerevac. The companys main mines are located in Canada, a country known for being friendly to gold junior mining companies. As we have seen political turmoil in other nations cause havoc with gold junior mining companies, its always a positive when the country encourages this industry.
Brigus Gold is focusing its energy and resources on the producing mines in Canada, and it has been selling assets to raise financing to expand its gold production.
According to Cekerevac, for the quarter ending March 21, 2002, the company reported gold production at the top end of its earlier estimates. When looking into any junior mining companies, the editor likes to see that management has a firm handle on the companys gold production capabilities by hitting their own guidance figures. As reported in the Penny Stock Detectives article, gold sales for the quarter were 16,033 ounces, up 60% from the same quarter in 2011, which consisted of 10,003 ounces of gold. Cash flow for the quarter was $9.9 million, compared to $700,000 in the year-ago period. The cash cost per ounce of gold was $858.00, which was 22% lower than the year-ago period.
Brigus Gold has sold off along with other junior mining companies, says Cekerevac. The $0.90 level will be a big area of resistance, as it has been both support and resistance in the past. The editor believes that the most likely outcome is that the stock will be range-bound for a while, as investors wait to see how the second-quarter numbers look. Also, like other gold junior mining companies, many investors are watching the price of spot gold. If gold is able to move significantly above the $1,700 level, Cekerevac believes we could see additional buyers in junior mining companies.
Published every business day, Penny Stock Detectives researches and analyzes low-priced opportunities in the stock market and individual stock market sectors. Penny Stock Detectives reports on penny stocks, small-cap stocks, micro-cap stocks, high-profit potential plays mostly under $10 and the stock market in general.
To see the full article and to learn more about Penny Stock Detectives, visit http://www.pennystockdetectives.com.
The editors of Penny Stock Detectives believe low-priced stocks, when researched properly, present investors with great opportunities to accumulate wealth and to increase the value of their investment portfolios. You can learn more about Penny Stock Detectives at http://www.pennystockdetectives.com.
Sasha Cekerevac, BA, and Danny Esposito, B. Comm., lead editorial stock analysts at Penny Stock Detectives, in conjunction with stock market guru George Leong, B. Comm., have just updated their breakthrough video, If You Missed Apple, Shame on Us; If You Miss This which highlights a company these stock analysts believe looks very similar to Apple Inc. in its early days. To see the video, visit: http://www.pennystockdetectives.com/video/pt/index.php?sb=PRESS.
Read the full story at http://www.prweb.com/releases/2012/6/prweb9568962.htm.
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