US Gold Corp and New Gold Seek to Expand Reach
The Bedford Report Provides Equity Research on US Gold Corp & New Gold
NEW YORK, NY -- (Marketwire) -- 09/16/11 -- 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 has risen a staggering 29 percent, while the XAU Index of precious metal mining stocks has fallen a surprising 4 percent. The Bedford Report examines investing opportunities in the precious metals sector and provides stock research on US Gold Corporation (NYSE: UXG) (TSX: UXG) and New Gold, Inc. (NYSE Amex: NGD) (TSX: NGD). Access to the full company reports can be found at:
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.
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US Gold explores for gold and silver in the Americas and is advancing its El Gallo Project in Mexico and its Gold Bar Project in Nevada towards production. Earlier this month US Gold and Minera Andes Inc provided an update on the proposed merger of US Gold and Minera Andes.
New Gold is an intermediate gold mining company. The company has a portfolio of three producing assets and three significant development projects. The company's Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia are expected to produce between 380,000 and 400,000 ounces of gold in 2011.
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