Gold Price Data

Australia analyst positive on gold, lists Juniors ASX Progress Gold and mid-level companies "

Australia analyst positive on gold, the lists ASX gold juniors and intermediate companies' progress

A study on the shows gold production unhedged producers of Australia as a clear winner with the price of gold has risen 32% in the last month in dollar terms Australians compared to the U.S. dollar.

A fourth survey based in Sydney in December for capital resources research (RCR) painted a positive outlook for gold production in the current global economic crisis ever gold at a lower relative yield increasingly attractive cash and bonds.

The report forecast that gold will trade in a range of $ US750-$ US850/ounce in the coming months, but said that a break "was possible in the first quarter of 2009 if the U.S. $ weaken during this period.

Established gold producers have suffered significant declines in their share price in recent three months, despite improved fundamentals and while producers in Australia have increased 32% in $ A terms, Canada in the same period, in terms C $ called, grew by only 5%, while for the South African gold price in Rand terms was down 4%.

The RCR "study covers 20 gold exploration and development companies operating worldwide in Australia, Canada, USA and also based in the UK.

"The key factor for gold in recent months is not that has appreciated significantly, but has remained essentially in its value over a period of strong U.S. dollar, the decline in inflation expectations, the collapse of oil prices and commodities and aggressive selling by hedge funds, "said RCR.

Recently published data for the third quarter of 2008 show the investment demand for gold rose sharply during the period (an increase of 18% in 3Q08), with quarterly log entries in Exchange Traded Funds (ETF) of 150 tons, complemented by higher growth in demand for coins and bars. In addition, demand for jewelry – Mainly India and China ( cnmining ) – has remained strong, up 8% over the previous year. (In Perth, the reports of the media indicate the Perth Mint – a buyer and supplier of gold in Australia and Southeast Asia, has had to restrict sales due to a dramatic increase in demand for gold coins and jewelry).

"It is evident that this strong increase in investment demand has been divestitures widespread enough to absorb from the sale of hedge funds, margin calls and cancellation of long and short gold contracts in dollars.

"We believe that cash and reduce bond yields and the recent rise in gold price will be based on increased investment interest in gold as a safe haven and store of value. "

RCR considers the short-term outlook for gold price remains closely tied to demand investment safe haven buying, which is based on the price in recent months and is looking "increasingly strong." If gold tails the divestiture, the possibility for price increases.

"There is additional upside for a disruption of the major gold price If the U.S. dollar lose their status safe haven currency, through a further decline in U.S. economic prospects in relation to other world economies in 2009. "The report said.

ASX listed mid-level and junior gold companies Australia advances and international projects are:

A1 Minerals Ltd (AAM): Moving a feasibility study for 1,000,000 oz Brightstar project near Laverton in Australia Western (WA), with the objective of producing by 3Q09 with a low risk, the approach of low capital expenditure and 30,000 ounces per year, ramp 50.000 oz pa within two years.

Adamus Resources Ltd (ADU): Have you reached a critical stage of development in its advanced M 2 oz Southern Ashanti gold project in Ghana, at a cost of $ US87 M capital needed for construction. A BFS indicates production of 100,000 oz pa, with operating costs projected $ US350-450/oz.

Alkane Resources Ltd (ALK): Wait an initial resource at the site of the project Caloma Tomingley in New South Wales in the quarter and has a plan to produce 1 oz pa M in mid-2010.

Andean Resources Ltd (AND): A pre-feasibility study on the 100% owned Black Mountain draft Argentina gold indicate potential for low cost production for the year 2010. Cash costs were projected at $ US198/oz, with an average production over six years in 220.000 oz pa. The project continues to intercept the new zones of high grade (> 10 g / t Au) and expand resources.

Avoca Resources Limited (AVO): The production has reached nameplate 1 Mtpa processing speed in its new Trident mine in WA, with a strong recovery (96.7%). Production target is between 160.000 to 190.000 oz pa. Current resources is 1.45 oz scanning head M oz M 4 by 6 km of potential strike.

Beaconsfield Gold NL (BCD): Has returned to full production in the high level (9.8 g / t) Beaconsfield Mine in Tasmania. The production rate of 80.000 ounces per year is intended to remote mining methods already well established. The resource is defined to 1,290 m, with possible extensions to depth and 2,000 m add six more years.

Catalpa Resources Ltd (CAH): Is it specific to the production in early 2010 to become one of Pa producing 100 000 oz of Edna project in May this wheat belt of WA. CAH is sure to get project financing.

Citigold Corporation Ltd (OTC): Controls the historic gold mine Charters Towers in Queensland. current resource classification is 10 oz M 14 g / t, and set annual production 310.000 oz pa of the end of 2012. Recently, the company raised $ A35 M ($ US22.9 M).

Hill End Gold Limited (HEG): The production is moving to full-scale mining on the rewards of high-grade mines in the Hill End gold field in NSW. The reward of the shaft was completed November and has a production potential in the short term for patients from 25.000 to 50.000 oz. The long-term resource for the field goal is 5 oz M.

Kingsgate Consolidated Limited (KCN): Projected growth of production RCR strong with a projected production of 74.000 ounces 180,000 ounces for 2008 and 2011, to Despite the reduction of levels of resources. The news "big" is the exciting gold Chokdee located 20 km north of the gold mine company in Chatree Thailand, where there is a stream of 3.2 M oz resource.

Navigator Resources Ltd (NAV): The plans to be in production the Leonora gold project in WA in late 2009. 1 Mtpa milling operation is the goal of producing about 100,000 oz pa gold Key provides capital expenditure low and OPEX through initial treatment of soft surface oxide ore.

North Queensland Metals Limited (NQM): The company purchased the 60% pa from 70 to 80.000 oz Pajingo gold operation in northern Queensland and resources is conducting the drilling operation to expand existing adult Pajingo five years of life.

Tasman Goldfields Ltd (TGX) is conducting advanced exploration gold project in the Challenger in NSW and continues the exploration of the large copper-gold project in Papua New Guinea Malaumanda.

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Gold Price Rising & US Dollar Collapsing

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