ELRA, GOLD, CDE Stock Alerts! from DoubleInStocks.com
Elray Resources Inc. (OTC.BB:ELRA.OB) is prepared to get to the bottom of the country';s gold resources as they exist today. Geological studies performed by the British, Swedish and Ecuadorian Geological Surveys through the late 1990s have suggested that Ecuador has tremendous potential for discovery of new economic ore deposits. In tandem with that, a dollarized economy, combined with a stable political culture and low wage levels create many opportunities for foreign investors. Other investment advantages include an abundance of natural resources and the fastest growing economy in the region, with a non-oil GDP growth rate of 6% for 2010.
ELRA is a junior exploration and development corporation that has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in Southeast Asia and South America. ELRA recently announced that the infrastructure is in place to allow aggressive development of its Picacho property in southeastern Ecuador.
Randgold Resources Limited (NASDAQ:GOLD) recently posted a quarterly profit increase of 52% on the previous quarter and 92% on the corresponding prior year quarter, while its profit for the six months to June was up 88% year on year. GOLD today also announced that commissioning of the plant at its new Tongon mine in Côte d'Ivoire was under way ahead of schedule. Because of the expected earlier start-up, Tongon's production guidance for this year had been increased by approximately 10%. GOLD said it is targeting to bring the start of construction at the giant Kibali project in the Democratic Republic of Congo forward by six months to the middle of 2011 in the light of the rapid progress it had made in the pre-development phase.
Last Trade: $86.24
Change: +$0.02 (+$0.02%)
Randgold Resources Limited is an African focused gold mining and exploration company with primary listings on the London Stock Exchange and Nasdaq. Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 3 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d'Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.
Coeur d`Alene Mines Corporation (NYSE:CDE) is one of the world's leading silver companies and also a significant gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with nine national and international awards earned over the past year. CDE's three new long-life mines include the San Bartolomé silver mine in Bolivia which began operations in 2008, the Palmarejo silver/gold mine in Mexico, which began operations in 2009, and the Kensington gold mine in Alaska. CDE also owns underground mines in Argentina and one surface mine in Nevada, and owns a non-operating interest in a low-cost mine in Australia. CDE conducts exploration activities in Alaska, Argentina, Chile and Mexico.
CDE reported today record quarterly sales and operating cash flow, driven by its two new, long-life gold and silver mines in Mexico and Bolivia. CDE's Kensington gold mine in Alaska, the world's newest pure gold mine, began processing ore in the second quarter ahead of schedule and is expected to drive a 135% increase in companywide gold production this year over last year's levels.
Companywide metal sales jumped nearly $33 million, or 49%, to a record $101.0 million, compared to last year's second quarter, aided by strong production and robust metals prices. Operating cash flow increased 116% compared to last year's second quarter to a quarterly Company record of $32.5 million, driven by Coeur's Palmarejo and San Bartolomé mines, which started operations within the past two years.
Last Trade: $16.23
Change: -$0.09 (-$0.55%)
Coeur d'Alene Mines Corporation, together with its subsidiaries, engages in the operation, ownership, exploration, development, and mining of silver and gold properties in South America, Mexico, the United States, and Australia. CDE also explores for lead and zinc ores. The company was founded in 1928 and is based in Coeur d'Alene, Idaho.
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