Stock Update On Gg, Fcx, Orfg From Pennytobuck.com

Orofino Gold Corporation

Orofino Gold Corporation. (PINK Sheets: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.

GOLDCORP INC. (NYSE:GG) announced the completion of its sale of the San Dimas gold-silver mine in Mexico to Primero Mining Corp. (TSX-V:P) (formerly Mala Noche Resources Corp.). Pursuant to the terms of the transaction, Goldcorp received an aggregate of 31,151,200 common shares of Primero representing approximately 36% of Primero's issued and outstanding common shares, $216 million in cash, a $60 million 12-month convertible note bearing an annual interest rate of 3% and a $50 million 5-year promissory note bearing an annual interest rate of 6%.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported second-quarter 2010 net income attributable to common stock of $649 million, $1.40 per share, compared with net income of $588 million, $1.38 per share, for the second quarter of 2009. For the six months ended June 30, 2010, FCX reported net income attributable to common stock of $1.5 billion, $3.40 per share, compared with $631 million, $1.54 per share, in the 2009 six-month period.

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by: Bill Pennyman

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