Contrarian Stock Market Investing News - Featuring Bargain Stocks » Great Panther Resources 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:Wednesday, May 13th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupwednesday-may-13th-2009/16624 http://www.contrarianprofits.com/articles/resource-stock-roundupwednesday-may-13th-2009/16624#comments Wed, 13 May 2009 19:35:38 +0000 Doug Casey http://www.contrarianprofits.com/?p=16624 The Canadian Markets took a bit of a breather during Tuesday trading as investors digest the growing deficit in the United States. For the tale of the tape, the TSX Exchange gave back a modest 0.16%, while the TSX Gold Index surged 4.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.43% with the advancers swamping the decliners by a 462 to 374 margin on 181 million shares traded.

Potash One added C$0.37 to close at C$2.49 after the company announced that well-known mining financier Robert Friedland will become chairman of the board. Mr. Friedland will advise Potash One on strategic financing for its potash resources in Saskatchewan.

Great Panther Resources produced 480,267 silver equivalent ounces in the first quarter from…

]]> The Canadian Markets took a bit of a breather during Tuesday trading as investors digest the growing deficit in the United States. For the tale of the tape, the TSX Exchange gave back a modest 0.16%, while the TSX Gold Index surged 4.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.43% with the advancers swamping the decliners by a 462 to 374 margin on 181 million shares traded.

Potash One added C$0.37 to close at C$2.49 after the company announced that well-known mining financier Robert Friedland will become chairman of the board. Mr. Friedland will advise Potash One on strategic financing for its potash resources in Saskatchewan.

Great Panther Resources produced 480,267 silver equivalent ounces in the first quarter from its Mexican operations. This led to a 6 per cent jump in revenues to $6.3 million. Great Panther ended the day up C$0.05 at C$0.51.

Copper producer Quadra Mining posted first quarter earnings of $26.7 million or $0.40 per share a 66 per cent drop from the $78.6 million or $1.42 per share tallied in the first quarter of 2008. Quadra closed at C$7.92 for a C$0.16 loss.

Beaten-down Phoenix Coal added C$0.035 to close at C$0.33 after the thermal coal miner announced a 59 per cent increase in reserves from its Gryphon mining complex in the Illinois Basin.

Orvana Minerals says it will proceed with its C$0.55 per share all-cash offer to acquire Kinbauri Gold. Management of Kinbauri has rejected the bid electing to proceed with the Glen Eagle deal. Glen Eagle will invest C$32 million for a 45% interest in Kinbauri’s El Valle/Carles project in Spain. Kinbauri ended the day down C$0.03 at C$0.57, while Orvana added C$0.02 at C$0.73.

It was a good session for the gold guys and a breakout to the upside is a good possibility moving forward. We shall see what Wednesday trading has in store.


Source: Resource Stock Roundup:Wednesday, May 13th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupwednesday-may-13th-2009/16624/feed 0 Resource Stock Roundup:Friday, May 08th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-may-08th-2009/16439 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-may-08th-2009/16439#comments Fri, 08 May 2009 17:48:36 +0000 Doug Casey http://www.contrarianprofits.com/?p=16439 Profit taking was the name of the game during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange gave back 1.74%, while the TSX Gold Index lost 0.60% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, kept the drive alive by adding 0.50% with the advancers edging out the decliners by a 454 to 424 margin on 193 million shares traded.

Goldcorp (NYSE:GG) saw its first-quarter profit rise by 27 percent to $290.9 million or $0.40 per share from $229.5 million or $0.32 per share in the same period a year earlier. Gold production rang in at 616,500 ounces marking an 18 percent increase. The major expects to produce about 2.3 million ounces…

]]> Profit taking was the name of the game during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange gave back 1.74%, while the TSX Gold Index lost 0.60% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, kept the drive alive by adding 0.50% with the advancers edging out the decliners by a 454 to 424 margin on 193 million shares traded.

Goldcorp (NYSE:GG) saw its first-quarter profit rise by 27 percent to $290.9 million or $0.40 per share from $229.5 million or $0.32 per share in the same period a year earlier. Gold production rang in at 616,500 ounces marking an 18 percent increase. The major expects to produce about 2.3 million ounces of gold this year at costs of $365 to $400 per ounce. Goldcorp ended the day up C$0.87 at C$36.34.

Lundin Mining posted a first quarter loss of $8.6 million or $0.02 per share with operating earnings plunging to $38.2 million from $182.9 million in the first quarter of 2008. Lower metal prices resulted in a 60 percent drop in sales to $123.4 million. Lundin ended the day down C$0.18 at C$2.57.

Great Panther Resources is reporting some nice numbers along the Recompensa vein at its Topia mine in Mexico. Channel sampling has indicated that 133 metres of strike length averages 16.87 grams gold per tonne, 175 grams silver per tonne, 3.8 per cent lead, and 3.17 per cent zinc across an average width of 0.24 metres. Great Panther ended the session at C$0.49 for a C$0.025 gain.

After posting stellar gains, taking a little money off the table is probably a prudent move. With the job numbers for the United States due out, it could be an interesting session on Friday. We shall see.


Source: Resource Stock Roundup:Friday, May 08th, 2009

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