Abx 20% Dividend Increase, Stock Update On Orfg.pk And Egp - Pennytobuck

Orofino Gold Corporation (PINK:ORFG) has several gold properties in Colombia

, a current hot spot of gold production in the world markets. Geologically it looks the same and local well informed geologists say its model is bigger, broader widths and longer strike. Ownership of gold and silver - along with quality precious metals mining shares - is becoming one of the hottest investments on the planet. The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert. Gold offers a safe way to hedge against these falling fiat currencies (backed by faith and nothing else). But for a little more leverage - and a lot more profit potential - invest in a junior gold stock.

All figures in US dollars: Barrick Gold Corporation (NYSE:ABX) announced that its Board of Directors has authorized a quarterly dividend of US12 cents per share, which represents a 20% increase from the previous dividend(1). With Barrick's strong financial position and its positive outlook on the gold price, the Company is able to continue to make high return investments in its project pipeline and at the same time increase its dividend. As the gold price has increased in the last five years, Barrick has increased its dividend by about 120%. Barrick expects to move from a semi-annual dividend to a quarterly dividend going forward(2). The quarterly dividend is payable on September 15, 2010 to shareholders of record as of the close of business on August 31, 2010.

All figures in US dollars: Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (NYSE:EGO) is pleased to report on EGO's financial and operational results for the second quarter ended June 30, 2010. Eldorado reported net income of $60.5 million or $0.11 per share for the period and EGO generated $92.3 million in cash from operating activities before changes in non-cash working capital. EGO's consolidated net income for the second quarter of 2010 was $60.5 million or $0.11 per share, compared with $25.9 million or $0.07 per share in the second quarter of 2009. Increase in profit for the period resulted from significantly higher sales volumes and increased realized prices. In the second quarter of the year we sold 172,826 ounces of gold at an average price of $1,195 per ounce resulting in a 99% increase in sales over the second quarter of 2009 when we sold 86,453 ounces of gold at an average price of $927 per ounce.

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by: Bill Pennyman

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