Miners Continue to
Underperform in Gold Market
NEW
YORK, NY -- (MARKET WIRE) -- 09/13/11 -- The
Paragon Report examines investing opportunities in the Gold Industry and
provides equity research on NovaGold
Resources, Inc. (NYSE Amex: NG) (TSX: NG) and Northgate
Minerals Corporation (NYSE Amex: NXG) (TSX: NGX). Access to the full
company reports can be found at:
www.paragonreport.com/NG
www.paragonreport.com/NXG
With the price of Gold near all-time highs, analysts
and investors are beginning to question the underperformance of Gold Mining
stocks. Between January and August, the price of gold rose a staggering 29
percent, while the XAU Index of precious metal mining stocks has fallen a
surprising 4 percent. Analysts at TD Securities go as far as to
argue that gold stocks have had the worst performance relative to the price
of gold in roughly ten years.
Gold miners from across the globe have been
feverishly boosting production to match high demand for the precious metal. World
Gold Council (WGC) officials argued last week that Gold demand, which
dropped in the second quarter of this year, is expected to strengthen by the
end of 2011, driven by strong jewelry buying in China
and India.
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 www.paragonreport.com and get exclusive access to our numerous stock reports and industry
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NovaGold is a precious metals company engaged in the exploration and
development of mineral properties located principally in Alaska,
U.S.A. and British
Columbia, Canada. For the three-month period ended May 31,
2011, the Company reported a net loss of $10.6 million
compared to a net loss of $16.8 million for the corresponding
period in 2010.
Northgate
Minerals Corporation is a gold and copper producer with mining
operations, development projects and exploration properties in Canada
and Australia.
Gold production for the second quarter of 2011 totalled
43,798 ounces at an average net cash cost of $944 per ounce.
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of the above-mentioned publicly traded companies. Paragon Report is
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act as an independent research portal and are aware that all investment
entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
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Source: Paragon Financial Limited
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