Tuesday, May 3, 2016

What?? Gold Miners up more than 150% in just 5 month?

As mention in previous post about Gold, we talk about Barrick Gold at 15.60 and two week later now it is at $19.10, up more than 20%. DRDgold was at 4.41 on the previous post, now it is $5.45 also up more than 20%.

one of the trading rule i follow strictly is: If i know this is a strong sector, i will put some money there.

Most people will do is just watch and not act if price already up. Trend follower will try to hop on and ride the trend, initially with a small position and along the way up, we add more position.

Below are a few Gold mining stocks for your reference.

 Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa. (Market Cap: USD22.5Billion)
 DRDGOLD Limited is a surface gold tailings retreatment company. The Company operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company's operating entity. Ergo is a surface retreatment operator. Ergo's assets cover an area approximately 62 kilometers from east to west and 25 kilometers from north to south. The Company operates approximately two metallurgical plants, two milling and pump stations, a network of pipelines and the Brakpan tailings facility (BTF). The Ergo plant has a total retreatment capacity of 1.8 million tons per month. The Company's product is dore bars. Ergo beneficiates its crude bullion (approximately 85% gold, 7% to 8% silver, some copper and other elements) at its smelter. Ergo is wholly owned by Ergo Mining Operations Proprietary Limited (EMO). (Market Cap: USD236million)
 Newmont Mining Corporation is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa. It has gold reserves of over 73.7 million ounces and an aggregate land position of over 20,000 square miles. It is also engaged in the production of copper, through Batu Hijau in Indonesia, Boddington in Australia and Phoenix in the United States. The North America segment consists of Carlin, Phoenix and Twin Creeks in the state of Nevada, and Cripple Creek &Victor in the state of Colorado, in the United States. The South America segment consists of Yanacocha in Peru. The Asia Pacific segment consists of Boddington, Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Africa segment consists primarily of Ahafo and Akyem in Ghana. ( Market Cap: 18Billion)
Seabridge Gold Inc. (Seabridge) is a development stage company engaged in the acquisition and exploration of gold properties located in North America. The Company's objective is to provide its shareholders with leverage to a rising gold price. Seabridge's principal projects include the KSM (Kerr-Sulphurets-Mitchell) property located in British Columbia and the Courageous Lake property located in the Northwest Territories. The KSM property consists of three discontinuous claim blocks, which include the KSM claim group, the Seabee/Tina claims and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain two mineral leases and 71 mineral claims, consisting of both cell and legacy claims. The total area of the first two claim blocks is 50,500 hectares. The Courageous Lake Project is a gold project and consists of 61 federal mining leases, 26 federal mining claims and one optioned federal mining lease (Red 25) having a combined area of 124,189.9 acres.  ( Market Cap: 735million)

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