Ngd And Orfg.ob Presented On Pennytobucks Stock Report
NGD, New Gold Inc.
NGD, New Gold Inc.
NGD is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia.
NGD is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012.
During the second quarter of 2010, NGD continued its focus on delivering operationally while also streamlining the asset portfolio and enhancing the financial flexibility of the company.
Looking forward, production is anticipated to continue to grow in the second half of the year coupled with declining cash cost.
Mesquite is expected to continue its strong production with a focus on reducing costs. Cerro San Pedro has now reached its steady-state mining rate and recoveries from the leach pad are expected to continue to improve over the second half of the year. Per the mine plan, Peak Mines should be entering higher gold grade zones which will positively impact production and costs in the second half of 2010.
NGD reiterates its 2010 full year guidance of 330,000 to 360,000 ounces of gold production at a total cash cost of $445 to $465 per ounce sold, net of by-product sales.
NGD will discuss second quarter earnings results during a conference call and webcast on Friday, August 6, 2010 at 10:00 am Eastern Time. A live and archived webcast will also be available at NGDs website.
More about NGD at www.newgold.com.
ORFG, Orofino Gold Corp., ORFG.PK
ORFG has taken a shine to Colombia .
And no wonder the country is one of the major gold-producing companies in the world. Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give ORFG, a precious metals acquisition, exploration, and development company, four very strong targets and two extremely rich structures to target for gold and copper.
ORFG will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
ORFG has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
At the ORFGs Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces. All production has been Artisanal (small miners) in nature and production continues to this day.
With the frequent occurrence of the very high grade gold vein systems in the central area of ORFGs Senderos de Oro project and with several small scale grinding and amalgamation mills in-place ORFG is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.
ORFG has reviewed several engineering and design firms with gold production facilities design and operational experience and is currently creating a short list prior to engaging the design team.
ORFG intends to continue the relationships currently enjoyed with all government agencies, the local communities, as well as current production teams and will involve these groups in all major processing and production planning decisions.
More about ORFG at www.orofinogold.com
For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.
by: Bill Pennyman
Prot.ob Stock Report Brought To You By Pennytobuck.com Intu And Taxs.ob Making Moves Keep On Your Radar- Pennytobuck.com Pwrm.ob, Csc, Idsa, Arg- Pennytobuck.com's Stocks To Watch Hiding Africa's Looted Funds: The Silence of Western Media What's An Aebleskiver And How Do I Make Them (includes A Recipe) Why Get Funding from Lender Hard Money The Registered Nurse And Where They Work An Introduction To Viscosity And Rheology Neonatal Nurses And What They Do Water Damage In Ontario And The Specialists Involved Lisbon, Portugal: Sights, Sounds, And Tastes Deception and Infidelity Support 20/20 Rule To Slow Down The Progression Of Nearsightedness And Astigmatism