Austin, TX 11/6/2007 8:24:37 PM
Speak with other shareholders about: (OTCBB: MXOM), (AMEX: NXG), (NASDAQ: RGLD), (AMEX: GRS).
Stockwire has been a leading provider of information on emerging growth companies for many years. In this special issue of our morning report, we will be focusing on
emerging growth Gold companies. Below are some of our focus stocks:
----------------------------------------------------------
Chat real-time with other investors about this MXOM news release, by
clicking this link: http://www.stockwire.com/MXOM
To view in-depth research, click the following link:
http://www.stockwire.com/detailed/analysis.php?company=MXOM
Mexoro Minerals is a company that we feel extremely confident about and just recently wrapped up filming on a full length Stockumentary on the company. In this Stockumentary, we take the viewer on
an aerial journey over the Sierra Madre Gold Belt in Chihuahua, Mexico.
To view the Mexoro Minerals Stockumentary, visit http://www.stockwire.com .
CHIHUAHUA, Mexico, November 05, 2007:
Mexoro Minerals Ltd. (OTCBB: MXOM) release initial drill results from its Guazapares Project.
Mexoro is pleased to announce the latest results from the diamond drill program at the Guazapares project in the Temoris District, Chihuahua, Mexico.
The Guazapares project is dominated by flows and tuffs of rhyolitic- dacitic and in lesser amount of andesitic composition that may correspond to the upper portion of the Lower Volcanic series of
the Sierra Madre Occidental Volcanic Complex. Mineralization seems to be closely associated to a rhyolitic-dacitic intrusive body domal in shape and consisting of a series of sub-vertical,
brecciated, quartz-rich zones that outcrop within an area of 4 sq. km and have been trace for approximately 2 km. There are three main drilling targets identified inside the project area known as
San Antonio, San Francisco and El Cantilito.
A drilling program consisting of 27 diamond holes have been programmed to evaluate the Guazapares project. The drilling program has been designed to:
-- Explore the high-grade ore-shoots down plunge and along strike already identified within the Guazapares system,
-- Test for potential zones of high-grade or economic mineralization based on surface indications,
-- Gather information on the system regarding alteration patterns, metal zoning, level of erosion and vector to the most prospective areas of the system.
The drilling program commenced on the San Antonio area, where three diamond holes (GU-01, GU-02, and GU-03) have been drilled for 452.85 meters. All three holes intersected mineralization at a
depth of approximately 100 meters. Surface and underground sampling from the San Antonio adit indicate the mineralization to extend from surface to a depth of at least 135 meters with a true width
varying from 1.2 meters to 12 meters in thickness. The mineralized structure has a strike length of 800 meters and is open to the northwest and southeast as well as to depth, highlighting the
potential for high grade gold mineralization along strike and also beneath covered areas.
The holes GU-01, GU-02, and GU-03 have been focused on extending zones of high-grade mineralization encountered in the San Antonio adit. To date we have received assay results for the three
drillholes. Some of the highlights from this program are reported below including intervals which are reported here as drill hole intercepts.
You can find the details of the drill program at Yahoo Finance.
Diamond drilling of the San Antonio system encountered mineralization in the three drillholes. The highest grades occurred within vein-breccias, quartz veins and quartz stockworked veins exhibiting
multiple pulses of hydrothermal activity.
Analysis of the mineralization and alteration assemblages, structural setting and geochemistry of the San Antonio target area indicates that the high gold values tend to cluster in two main
mineralization styles:
1. Ore-shoots developed along the extensive San Antonio vein system.
2. Large and structurally controlled breccia bodies or structural zones developed in the intersections of mainly NW and NE trending faults and structures.
Holes GU-01, GU-02 and GU-03 confirm the emergence at San Antonio of one of the high-grade ore-shoot identified in the San Antonio adit where a new high grade gold zone in the underground samples
returned grades as high as 37 g/t gold and 1,000 g/t silver over 2 meters (press release May 22, 2007). These two drill holes also provide the evidence that the main mineralization tends to cluster
as ore-shoots controlled by mainly by the intersection of northwest, east-west, and northeast structures. Drilling continues to explore intense altered and mineralized areas and all ore-shoots
identified.
----------------------------------------------------------
Chat real-time with other investors about this NXG news release, by
clicking this link: http://www.stockwire.com/NXG
To view in-depth research, click the following link:
http://www.stockwire.com/detailed/analysis.php?company=NXG
VANCOUVER, November 5, 2007:
Northgate Minerals Corporation (AMEX: NXG) today reported cash flow from operations of $29,445,000 or $0.12 per diluted common share and a net loss of $11,937,000 or $0.05 per diluted common share
for the third quarter of 2007. The net loss for the quarter included a $32,347,000 non-cash write-down of the carrying value of the Kemess North project. Excluding this charge, earnings would have
been approximately $6,000,000 for the quarter.
THIRD QUARTER HIGHLIGHTS
- Kemess South produced 70,055 ounces of gold and 18.8 million
pounds of copper at a net cash cost of negative $233 per ounce
of gold, which was the lowest quarterly cash cost recorded in
the history of the mine.
- On October 29, 2007, Northgate announced a friendly proposal
to acquire Perseverance Corporation Ltd. (Perseverance), which
operates two gold mines in Australia with a combined annual
production of approximately 200,000 ounces.
- Exploration drilling at Young-Davidson continued to expand the
area of known underground resources and a revised resource
calculation is expected to be announced by the end of 2007.
- On September 17, 2007, the Joint Federal-Provincial Review
Panel for the Kemess North project submitted its report to the
Ministers of Environment, recommending that the project not be
allowed to proceed.
Ken Stowe, President and CEO, stated, "The Kemess South mine posted strong operating results in the third quarter while recording the lowest quarterly net cash cost of production in the history of
the mine and generating $30 million in operating cash flow. After a long search for the right asset, we were very pleased to announce our friendly proposal to acquire Perseverance, which currently
operates two gold mines in the state of Victoria, Australia. We expect that the all-cash transaction will close next year in February and when it does, Northgate's 2008 gold production will be over
430,000 ounces. The acquisition of Perseverance will guarantee our status as a significant mid-tier gold producer and give us the opportunity to use our operating expertise and strong balance sheet
to get the most out of two mines that have excellent potential, but have been limited by severe capital constraints. The addition of the Fosterville and Stawell mines to our Young-Davidson project
and the continued strong cash flow from Kemess South over its remaining mine life will provide the diversified multi-mine base from which we can make additional acquisitions in the future."
-----------------------------------------------------------------
RESULTS OF OPERATIONS
Kemess South Mine Performance
The Kemess mine posted strong production of 70,055 ounces of gold and 18.8 million pounds of copper in the third quarter of 2007, which was consistent with Northgate's most recent forecast. For the
balance of 2007, as a consequence of small variances and modifications to the ore release plan, Northgate now expects Kemess South's total 2007 metal production to be approximately 270,000 ounces
of gold and 68.4?million pounds of copper.
During the third quarter of 2007, approximately 11.3 million tonnes of ore and waste were removed from the open pit, which was approximately the same as it was during the corresponding quarter of
2006. Unit mining costs during the most recent quarter were Cdn$1.56 per tonne compared with Cdn$1.52 per tonne in the third quarter of 2006.
Mill availability during the third quarter of 2007 was 93% and mill throughput averaged 52,029 tonnes per day (tpd), compared with 90% availability and throughput of 49,817 tpd in the third quarter
of 2006. Mill availability in the third quarter of 2007 was higher than average due to the advantageous timing of maintenance shutdowns. Mill throughput was 4% higher than it was in the same period
last year due to the higher mill availability.
Gold and copper recoveries averaged 71% and 86%, respectively, in the third quarter of 2007, which was higher than the recoveries of 68% and 82%, respectively, recorded in the third quarter of 2006
because no supergene-leachcap ore, which has metallurgical characteristics that generate lower metal recoveries, was milled in the most recent quarter.
Metal concentrate inventory increased by 1,000 wet metric tonnes (wmt) in the third quarter to approximately 7,000 wmt at September 30, 2007. Concentrate inventory is expected to decline by
year-end to less than 5,000 wmt.
The total unit cost of production during the third quarter of 2007 was Cdn$12.31 per tonne milled, which was significantly lower than the Cdn$14.71 per tonne milled in the corresponding period of
2006 due primarily to the decrease in treatment and refining charges for copper concentrate that occurred in 2007 and the higher tonnes of ore milled in the most recent quarter. Total site
operating costs in the third quarter of 2007 were Cdn$41.4 million, which was in line with third quarter 2006 costs of Cdn$40.6 million. The net cash cost of production at Kemess in the third
quarter of 2007 was at a record low of negative $233 per ounce of gold compared to the previous record of negative $118 per ounce reported in the third quarter of 2006.
Northgate Minerals Corporation:
For the six months ended 30 June 2007, Northgate Minerals Corporation's revenues decreased 18% to $155.2M. Net income decreased 75% to $18.1M. Revenues reflect a decrease in metal sales. Net income
reflects higher depreciation & depletion expenses, an increase in exploration expenses due to increased activity at the Young-Davidson property and higher accretion of site closure & reclamation
costs.
----------------------------------------------------------
Chat real-time with other investors about this RGLD news release, by
clicking this link: http://www.stockwire.com/RGLD
To view in-depth research, click the following link:
http://www.stockwire.com/detailed/analysis.php?company=RGLD
DENVER, CO, November 5, 2007:
ROYAL GOLD, INC. (NASDAQ: RGLD), the leading publicly-traded precious metals royalty company, today announced that it has commenced a public offering of 1.0 million shares of its mandatory
convertible preferred stock ("Preferred Stock") for $100.00 per share. The Preferred Stock will be mandatorily convertible into shares of Royal Gold common stock on November 15, 2010. The
underwriters have an option to purchase up to an additional 150,000 shares of Preferred Stock to cover over-allotments, if any.
The Company currently intends to use the net proceeds from this offering for acquisitions of additional royalty interests as further described in the prospectus supplement for the offering.
Merrill Lynch & Co. is acting as the sole book-running manager and HSBC is acting as co-manager for the offering.
The offering will be made pursuant to Royal Gold's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Preferred Stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of Preferred Stock will be made only by means of a prospectus and prospectus
supplement.
Copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained by contacting Merrill Lynch & Co., 4 World Financial Center, New York, New York
10080; Phone 212-449-1000.
Royal Gold, Inc.:
Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metals royalty interests. Royal Gold is publicly traded on the NASDAQ Global Select Market
under the symbol "RGLD," and on the Toronto Stock Exchange under the symbol "RGL."
----------------------------------------------------------
Chat real-time with other investors about this GRS news release, by
clicking this link: http://www.stockwire.com/GRS
To view in-depth research, click the following link:
http://www.stockwire.com/detailed/analysis.php?company=GRS
KIRKLAND LAKE, ON, November 02, 2007:
GLR Resources Inc. (AMEX: GRS) experienced a 3.17% rise in share value Thursday along with 176,121 shares traded. On November 1st they announced that they have completed a financing where Blackfish
Capital Fund has advanced $2,000,000 to them.
Gammon Gold, Inc.:
For the six months ended 30 June 2007, Gammon Gold, Inc.'s revenues totaled C$81.9M, up from C$13.4M. Net loss totaled C$35.7M, up from C$6.9M. Revenues reflect higher income generated from Ocampo
and El Cubo segments. Higher loss reflects an increase in production costs, a rise in refining costs, inclusion of write down of long term inventory expenses and higher amortization & depletion
charges.
----------------------------------------------------------
As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
To see the complete Movers & Shakers Blog go to: http://www.stockwire.com .
About Stockwire:
Stockwire is a company that is pioneering a new way to research companies before you invest them. It's called a Stockumentary. A Stockumentary is a documentary on a publicly traded company. Imagine
a Dateline NBC segment, but on a publicly traded company. We are the first company to ever bring this type of quality research to investors in this format.
The Stockumentary has video interviews with management, product demos, video tours of office or factory, research reports, sec filings and much more. All of this is delivered to investors in high
quality video, either by mail or email.
Stockwire.com is owned by Stockwire Research Group Inc. (SRGI) and is an independent electronic publication committed to providing our readers with factual information on selected publicly traded
companies.
As detailed below, this publication accepts compensation from some of the companies from which it features. To the degrees listed herein, this Newsletter should not be regarded as an independent
publication. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the Newsletter is
neither an offer nor solicitation to buy or sell any securities mentioned.
While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE
INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF
STOCKWIRE RESEARCH GROUP INC..
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at www.sec.gov and/or the National
Association of Securities Dealers ("NASD") at www.nasd.com. The NASD has published information on how to invest carefully at its web site.
Readers can review all public filings by companies at the SEC's EDGAR page. www.sec.gov/edgar.shtml
Stockwire.com is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. Stockwire.com is not a registered
investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for
investors while minimizing the downside risk, whenever possible.
From time to time SRGI sells shares in the open market it receives as compensation for coverage of client companies. Since the shares are received as compensation for services as previously
disclosed, and not for investment purposes, the editors do not view the sale of the shares as contradictory to any advice delivered in the content. This should be viewed as a conflict of interest
by shareholders or prospective shareholders of the client companies.
Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features on Stockwire.com, which is owned by Stockwire Research Group Inc.
(SRGI). To the degrees enumerated herein, this newsletter and website should not be regarded as an independent publication.
All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company on Stockwire.com is neither an
offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof,
nor the statements made herein.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE
INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF
STOCKWIRE.COM.
We often accept restricted shares of company stock; by SEC regulations, restricted shares cannot be sold into the market for a period of at least one year from the time that the shares are issued.
In such cases, we detail in the Disclaimer the specific term of any restrictions. We also receive compensation in the form of stock options, in which case we receive the right to buy shares of the
stock of the company at issue, at a specified time and a specified price. In such circumstances, we specify on our Disclaimer the terms of the options received. On occasion, we also accept
free-trading shares in a company that we cover. We intend to sell these shares at any given time.
While our policies as detailed above are designed to minimize any impact upon our members of a conflict of interest between our company and our members, each member should be fully aware that such
potential and actual conflicts of interest may well exist due to the compensation structure detailed herein. For this reason, and because the information contained on Stockwire.com is updated on a
regular basis as circumstances change, each member is strongly encouraged to periodically review the Profile Compensation section at http://www.stockwire.com/disclaimer_profiles.htm .
The Stockwire Group .
512.358.8440 .
info@stockwire.com .
