Gold investments remain the best long-term hedge against the volatility now wracking world markets. The case for gold is strong: The euro zone crisis continues to unfold, while U.S. and European economies struggle. Gold stock prices now offer good entry points; my favorite remains Canada-based miner New Gold (NGD). The company announced that it produced 99,274 ounces of gold in the first quarter of 2012, roughly equal to production in fourth-quarter 2011.
Net cash costs averaged USD543/oz, a marginal improvement from USD553/oz in fourth-quarter 2011. The company forecasts between 405,000 and 445,000 ounces of gold production this year, with net cash costs averaging between USD410-430/oz. New Gold shares are an attractive value, as the company works toward lowering costs while increasing production
Source: Guru Focus
Related Articles:
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- 11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 4 Secrets To Finding The Best Dividend Stocks
- 7 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.