Contrarian Stock Market Investing News - Featuring Bargain Stocks » Bravo Venture http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup: Friday, January 30th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-friday-january-30th-2009/12660 http://www.contrarianprofits.com/articles/resource-stock-roundup-friday-january-30th-2009/12660#comments Fri, 30 Jan 2009 20:00:44 +0000 Doug Casey http://www.contrarianprofits.com/?p=12660 It was gold’s turn to shine during Thursday trading on the Canadian markets with investors running for cover in a sea of weak economic data. For the tale of the tape, the TSX Exchange fell 1.61%, while the TSX Gold Index surged 6.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.22% with the advancing issuers beating out the decliners by a 396 to 318 margin on 120 million shares traded.

Iamgold (NYSE:IAG) produced 997,000 ounces of gold in 2008 at cash costs of between $455 to $470 per ounce. Production for 2009 is expected to hit 880,000 ounces of gold at an average cash cost of $470 to $480 per ounce. Iamgold closed up C$0.50 at C$8.42.

Bravo…

]]> It was gold’s turn to shine during Thursday trading on the Canadian markets with investors running for cover in a sea of weak economic data. For the tale of the tape, the TSX Exchange fell 1.61%, while the TSX Gold Index surged 6.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.22% with the advancing issuers beating out the decliners by a 396 to 318 margin on 120 million shares traded.

Iamgold (NYSE:IAG) produced 997,000 ounces of gold in 2008 at cash costs of between $455 to $470 per ounce. Production for 2009 is expected to hit 880,000 ounces of gold at an average cash cost of $470 to $480 per ounce. Iamgold closed up C$0.50 at C$8.42.

Bravo Venture tabled a 1.2 metre intercept running 1,672 grams silver and 2 grams gold per tonne at its Homestake Ridge project in northwestern British Columbia. Bravo ended the day flat at C$0.46.

Brilliant Mining reported record nickel metal production for the December 2008 Quarter from its 25% owned high-grade Lanfranchi Nickel Mine in Western Australia. Some 873,390 pounds of payable nickel went to the company. Brilliant ended the session down C$0.01 at C$0.175.

The rising price of bullion helped spark some trading activity in the beaten down junior resource space. We will see what Friday trading has in store.


Source: Resource Stock Roundup: Friday, January 30th, 2009

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