Carson City 5/17/2011 7:15:00 PM
What is the Future for Gold Mining Stocks?
With gold bullish gold mining companies may benefit
There are many different voices in the gold mining stocks market, all with different calls. Some say the market has a long way to run in the bull market of gold. With some experts saying gold could double in the next five years. The gold price has escalated but still to double in the next five years is a long shot. Here is a quick look gold mining companies from the large to the small.
Barrick Gold Corporation (USA) (NYSE:ABX)
After a steady climb since the market crash in October 2008, ABX peaked on April 21 2011 at $55.63 and subsequently dropped off to its current price of $45.54 but up 1.8% Monday as gold prices played along
Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. It also produces copper, and hold interests in oil and gas properties located in Canada through its oil and gas subsidiary, Barrick Energy.
Goldcorp Inc. (TSE:G)
Following a similar pattern to Barrick Gold, Goldcorp has seen a steady increase since 2008 albeit with more dips. Currently trading at $47.06, the stock peaked at $53.07, also 21 April 2011. Today the stock is seeing gains of 1.62%
Goldcorp Inc. (Goldcorp) a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.
Rubicon Minerals Corp. (USA) (AMEX:RBY)
Rubicon Minerals, a junior mining company, has had a strong run having seen gains of over 345% since the end of 2008 and a sharp increase in price at the end of 2010. RBY is currently up a slim 1% to $4.55.
Rubicon Minerals Corporation (Rubicon) is a development stage company. Rubicon is primarily involved in the acquisition and exploration of mineral property interests in Canada and the United States. Rubicon explores for commercially viable gold and base metal deposits.
SPARTAN GOLD LTD (OTC:SPAG)
Spartan is looking to expand its various operations in Alabama and Nevada. Currently trading at $0.250 but seems to have potential if they can pull off what their pres release have to say.
Spartan Gold Ltd. (OTCBB: SPAG) is a publicly traded U.S. based junior gold exploration and mining company with gold exploration and development activity centered in both the Carlin-Rain and Round Mountain-Northumberland Gold Trends in Nevada. Spartan's Poker Flats prospect is located in the Carlin region and Round Mountain-Northumberland mining districts of Nevada are home to the Ziggurat project.
Stocks to Watch: SPARTAN GOLD LTD (OTCBB:SPAG), Orthovita, Inc. (NASDAQ:VITA), Yahoo! Inc. (NASDAQ:YHOO), SMOKEFREE INNOTEC INC (PINK:SFIO), Jammin Java Corp. (OTC:JAMN), Lithium Exploration Group Inc (OTC:LEXG), HOP-ON INC (PINK:HPNN)
Todays Focus Stock: OTCBB:SPAG
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Featured Stock:
SPARTAN GOLD LTD
(OTCBB:SPAG)
Other Stocks to Watch:
Orthovita, Inc. (NASDAQ:VITA)
Orthovita, Inc. (Orthovita) is a specialty spine and orthopedic company with a portfolio of orthobiologic and biosurgery products.
Yahoo! Inc. (NASDAQ:YHOO)
Yahoo! Inc. (Yahoo!) together with its subsidiaries is a digital media company. Yahoo! provides engaging and innovative canvases for advertisers to connect with their target audiences
SMOKEFREE INNOTEC INC (PINK:SFIO)
Smokefree Innotec, Inc. engages in the business of designing, developing, manufacturing, and marketing nicotine and non-nicotine cigarette-like delivery devices
Jammin Java Corp. (OTC:JAMN)
Jammin Java Corp. (Jammin Java), formerly Marley Coffee Inc., is a development-stage company. The Company is engaged in coffee distribution business.
Lithium Exploration Group Inc (OTC:LEXG)
Lithium Exploration Group, Inc., formerly Mariposa Resources, Ltd., is an exploration-stage company. The Company is engaged in the acquisition, exploration, and development of resource properties.
HOP-ON INC (PINK:HPNN)
Hop-on, Inc. engages in the development and manufacture of cellular phones. The company offers GSM/GPRS, CDMA, fixed wireless GSM, and CDMA WLL cellular phones, as well as a range of wireless-phone accessories
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