Canadian Gold Stocks
Five Canadian Gold Companies Increasing Production
In an economy where steady cash flow is key, the name of the game for gold miners is increasing production.
But due to falling demand in key markets, many firms have slashed spending budgets and halted growth in output. These include major gold producers like Barrick Gold, GoldCorp, and Newmont Mining — all of which are expecting flat or declining output this year.
A handful of smaller companies, however, have endured the harsh sting of the global economic downturn and are increasing gold production levels in 2009. Below is a brief list of five Canadian gold stocks that are still expecting an increase production this year.
5 Canadian Gold Stocks Increasing Prodution
Kinross Gold (TSX: K, NYSE: KGC)
Share Price: $22.90
Market Cap: $15.9 billion
Agnico-Eagle Mines (TSX: AEM, NYSE: AEM)
Share Price: $68.40
Market Cap: $10.7 billion
Eldorado Gold (TSX: ELD, NYSE: EGO)
Share Price: $11.80
Market Cap: $4.4 billion
Yamana Gold (TSX: YRI, NYSE: AUY)
Share Price: $11.00
Market Cap: $8.1 billion
Alamos Gold (TSX: AGI, NYSE: ALG)
These five survivors have already proven their ability to weather the storm of worldwide economic turmoil, while increasing gold production. And with gold prices now rising over $1,000 an ounce and higher, these are just a few stocks poised for explosive growth.
Today's survivors will be tomorrow's leaders.
Managing Editor, Gold World
P.S. With a gold resource worth 63 times more than its market cap, this junior gold stock is getting ready to pay off big time. This tiny $0.34 stock could make it's first move over $2.00 in short order. The whole story is laid out for you here.
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