ORFG,RGLD,CDY Are Companies To Look To With The Gold Market In Green
By admin, Gaea News NetworkFriday, June 25, 2010
ORFG, Orofino Gold Corp, (ORFG.PK)
Orofino Gold Corp (ORFG.PK) has got your number – 79.
That’s the atomic number of the highly sought-after precious metal used for coinage, jewelry, and other arts since the beginning of recorded history – gold.
Gold occurs as nuggets or grains in rocks, in veins and in alluvial deposits. Recently, Orofino signed an option agreement to acquire several properties in Colombia, currently a hot spot of gold production. The central area of Senderos de Oro contains a frequent occurrence of the very high grade gold vein systems. With several small-scale grinding and amalgamation mills in place, Orofino is planning to design a central processing and recovery facility capable of processing enough high-grade material to produce up to 120,000 ounces of gold annually.
Orofino Gold has performed due diligence on many prospective properties and has categorized the Senderos de Oro properties as good high priority, high return opportunities for immediate investment. These Colombian projects have low production costs and multimillion ounce potential. Colombia is currently one of the major gold- producing countries in the world and Orofino is preparing for diamond drilling in the second quarter of 2010.
OROFINO GOLD CORP. is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The companies website: https://www.orofinogold.com/
RGLD, Royal Gold, Inc., (NASDAQ:RGLD)
Royal Gold, Inc. (NASDAQ:RGLD) announced the pricing of its public offering of common stock pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company has agreed to sell 5.2 million shares at a price of $48.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 780,000 additional shares of common stock to cover over-allotments, if any. Proceeds to the Company from the offering, net of commission and expenses, are expected to be approximately $240.3 million (assuming the underwriters’ over-allotment option is not exercised). The offering is expected to close on Monday, June 28, 2010, subject to customary closing conditions.
Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metal royalty interests. The Company owns royalties on 189 properties on six continents, including royalties on 32 producing mines and 24 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.
CDY, Cardero Resource Corporatin (AMEX:CDY)
Cardero Resource Corp. (AMEX:CDY) is pleased to announce that it has acquired approximately 49.5% of the common shares of Coalhunter Mining Corporation (”Coalhunter”) through a private placement. Coalhunter is a private British Columbia company which has the right to acquire a majority interest in the Carbon Creek coalfield in north-eastern British Columbia.
Cardero’s focus through 2010 is to realise the considerable value it believes is locked in its remaining iron ore assets in the Marcona District of southern Peru, and in Minnesota, USA while continuing to progress its base and precious metal exploration projects in Argentina and Mexico, and aggressively seek out and potentially acquire new advanced stage projects. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company’s web site (www.cardero.com)
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Tags: cardero resource, cdy, gold, hot stock news, justin handy, orfg, orofino gold, penny to buck, rgld, royal gold