Stock Update On Orfg, Ngd And Slw - Pennytobuck.com
Orofino Gold Corporation
Orofino Gold Corporation. (Pink:ORFG) has several viable Gold development properties in Colombia, a current hot spot of gold production in the world markets. ORFG has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth. ORFGs competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities. ORFG has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia.
New Gold Inc. (AMEX:NGD) announces financial and operational results for the second quarter of 2010. New Gold had an excellent second quarter with gold sales of 82,402 ounces at a total cash cost(1) of $491 per ounce, net of by-product sales, resulting in earnings from mine operations of $35.9 million and cash flow from operations of $38.8 million. New Gold is also pleased to reiterate its 2010 full year guidance of 330,000 to 360,000 ounces of gold production at a total cash cost(1) of $445 to $465 per ounce sold, net of by-product sales.
Silver Wheaton Corporation (NYSE:SLW) is pleased to announce its unaudited results for the second quarter ended June 30, 2010.
SECOND QUARTER HIGHLIGHTS
- Net earnings increased by almost 200% to a record US$53.3 million (US$0.16 per share), compared with US$18.4 million (US$0.07 per
share) in 2009.
- Operating cash flows increased by more than 150% to US$67.0 million (US$0.20 per share)(1), compared with US$26.5 million (US$0.09 per
share)(1) in 2009.
- Attributable silver equivalent production of 5.7 million ounces (5.3 million ounces of silver and 5,800 ounces of gold), representing an
increase of 33% over the comparable period in 2009.
- Record silver equivalent sales of 5.1 million ounces (4.6 million ounces of silver and 7,600 ounces of gold), representing an increase
of 74% over the comparable period in 2009.
- Total cash costs(1) of US$4.03 per silver equivalent ounce, compared with US$3.99 per ounce in 2009.
- Cash operating margin(1) increased by 44% to US$14.45 per silver equivalent ounce, compared with US$10.05 per ounce in 2009.
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by: Bill Pennyman
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