Gold Miner Stocks Lagging Behind Commodity Prices
17.04.2012 | Marketwire
Paragon Report Provides Stock Research on Jaguar Mining Inc. and Golden Star Resources Ltd.NEW YORK, NY -- (Marketwire) -- 04/17/12 -- Gold investors don't seem to believe that gold stocks will catch up to bullion's rally any time soon. Market Vectors Gold Miners ETF (GDX) is down over 7.5 percent year-to-date. Despite having the price of gold hold on to most of its gains gold miners continue to lag behind the commodity. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Jaguar Mining Inc. (NYSE: JAG) (TSX: JAG) and Golden Star Resources Ltd. (NYSE: GSS).
Access to full reports can be found at:
www.ParagonReport.com/JAG
www.ParagonReport.com/GSS
"This is attracting attention and bringing forth questions of whether gold stocks can play catch up to gold prices," Mr. Lettieri, an economist at National Bank Financial Inc., said in a recent report. "Despite a 50 per cent rise in gold prices since 2010, gold stocks performed poorly and have disappointed many over the past two years." Producers of gold continued to be hit with rising expenses for energy and labor that are eating into their profits, he adds. The underperformance can also be blamed on other problems such as political and operational risks.
Paragon Report releases regular market updates on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Jaguar Mining issued a press release in response to recent market speculation and increased trading volume in its shares. Jaguar is not aware of any developments that would merit such trading activity. The strategic review process initiated by the Board of Directors and led by the Special Committee is continuing and the Board will provide further updates to shareholders as circumstances warrant. There can be no assurance that this strategic review process will result in Jaguar entering into or consummating any change of control or merger transaction.
Golden Star Resources Ltd. previously announced the completion of a Company authored Preliminary Economic Assessment ("PEA") of the West Reef orebody of the Prestea Underground Mine. The Company plans to file a PEA document that is compliant with National Instrument 43-101 within 45 days. The Board of Directors has approved the PEA and has directed management to proceed to a full feasibility study. All references herein to "$" are United States dollars.
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