Contrarian Stock Market Investing News - Featuring Bargain Stocks » NXG 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:Monday, May 11th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-may-11th-2009/16505 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-may-11th-2009/16505#comments Mon, 11 May 2009 20:35:16 +0000 Doug Casey http://www.contrarianprofits.com/?p=16505 Better than expected job numbers out of both Canada and the United States sent the bears running for cover during Friday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange soared up 2.72%, while the TSX Gold Index added 1.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, kept the drive alive by adding 1.58% with the advancers swamping the decliners by a 519 to 355 margin on 197 million shares traded.

Northgate Minerals (AMEX:NXG) posted a first quarter profit of $21.41 million, or $0.08 per share on production of 107,477 ounces of gold. Cash costs rang in at $396 per ounce. Northgate ended the day up C$0.06 at C$1.98.

Eldorado Gold (AMEX:EGO) earned $13.1…

]]> Better than expected job numbers out of both Canada and the United States sent the bears running for cover during Friday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange soared up 2.72%, while the TSX Gold Index added 1.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, kept the drive alive by adding 1.58% with the advancers swamping the decliners by a 519 to 355 margin on 197 million shares traded.

Northgate Minerals (AMEX:NXG) posted a first quarter profit of $21.41 million, or $0.08 per share on production of 107,477 ounces of gold. Cash costs rang in at $396 per ounce. Northgate ended the day up C$0.06 at C$1.98.

Eldorado Gold (AMEX:EGO) earned $13.1 million or $0.04 per share in the first quarter of 2009 down from the $20.7 million or $0.06 per share tallied in the first quarter of 2008. Total production hit 61,426 ounces at an average cash cost of $296 per ounce. Expected output for 2009 is 330,000 ounces of gold. Eldorado ended the day down C$0.30 at C$9.75.

Zincorp cut 5.36 percent zone, 16.36 percent lead and 152 grams silver per tonne over 9.4 metres at its wholly owned Michelle property in central Yukon Territory. Zincorp closed at C$0.06 for a C$0.02 gain.

Investors elected to overlook the fact that the job numbers are still terrible and that several of the big banks in the United States still need to raise capital. We shall see what Monday trading has in store.


Source: Resource Stock Roundup:Monday, May 11th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-may-11th-2009/16505/feed 0