In this issue
Are
Warrants in Your
Future?
Of course the
answer is up to
you but we
suggest you
seriously
consider adding
some of the
long-term
warrants in our
database to your
investment
portfolio.
An allocation of
10% of your
investment
dollars in solid
companies with
long-term
warrants could
greatly increase
your overall
gains as the
bull market in
the junior
mining shares
catches fire.
Frankly, my
personal
portfolio has a
current
allocation of
23% to the
long-term
warrants, but I
am more
aggressive that
many investors.
Our new Ranking
of all warrants
provides
subscribers a
quick glance at
those companies
on the top of
the list. Our
ranking is a
proprietary
calculation
based upon our
leverage
calculations and
time remaining.
We like to say,
"We've Done
The Math - You
Pick The
Company".
Our ranking
makes this a
much easier
decision for you
as you will
surely recognize
the name of many
of your favorite
companies on the
list.
New Gold -
Advancing
Fundamentals
One of the many
companies with
long-term
warrants in our
database is New
Gold. Actually
there are 3
long-term
warrants trading
on New Gold
which is why we
suggest that
readers to
subscribe to our
service to get
our take on
which is the
best one.
This week we
found an
interesting
article on New
Gold which we
would like to
share with you:
New Gold stands
by 2009 gold
guidance
New Gold says
3Q09 gold sales
increase 16%
over last year
as cash costs
dropped 17%
Author: Dorothy
Kosich
Posted: Tuesday
, 20 Oct 2009
RENO, NV -
"Vancouver's
New Gold said
Monday it stands
by its 2009 gold
production
guidance of
270,000 to
300,000 gold
ounces and total
cash cost of
$470 to $490/oz,
net of
by-product
sales, remains
unchanged.
For the third
quarter of this
year gold sales
increased by 16%
from 67,156
ounces to 77,645
ounces, while
total cash costs
dropped 17% from
$565/oz to
$470/oz.
Copper
production was
reported at 3.6
million pounds
during the third
quarter, up from
2.4 million
pounds during
the same period
a year ago.
Third-quarter
2009 silver
production was
reported at
342,633 ounces,
up from 282,055
ounces a year
ago.
New Gold
reported total
gold production
for the first
nine months of
this year of
190,101 gold
ounces, up from
154,153 ounces
for the first
nine months of
2008. Cash costs
declined from
$490/oz during
the first nine
months of 2008
to $332/oz
during the first
nine months of
this year.
The decrease in
cash costs was
attributed to
higher copper
revenues,
partially offset
by an
unfavorable
movement in the
Australia dollar
forex rate.
Year-to-date
copper
production this
year was 11.7
million pounds,
twice the 5.8
million ounces
reported during
the first nine
months of last
year.
Silver
production for
the first nine
months of this
year was
reported to be
1,184,110
ounces, a nearly
five-fold
increase over
the 282,055
produced during
the same period
of 2008.
In a news
release, New
Gold said Peak
Mines and Cerra
San Pedro gold
production was
in line with
expectations
while silver
production at
Cerro San Pedro
was higher than
anticipated.
Gold production
at Cerro San
Pedro increased
slightly during
the third
quarter from
24,387 ounces to
24,928 ounces.
Silver
production
increased 21%
from 282,055 in
the third
quarter of last
year to 342,633
ounces during
the same period
of this year.
Mesquite's gold
production
dropped in the
third quarter of
this year from
42,357 ounces in
the
third-quarter
2008 to 29,012
ounces, due to
lower than
expected grand
in the Rainbow 3
pit in the first
two months of
the quarter.
Gold production
at Mesquite is
anticipated to
be slightly
higher in the
fourth quarter
since mining has
since
transitioned
into the Rainbow
2 pit.
Meanwhile the
New Afton
project is
expected to
begin production
in the second
half of 2012.
New Afton will
be an
underground mine
and
concentrator,
which is
expected to
yield 85,000
ounces of gold
and 75 million
pounds of copper
over a 12-year
mine life."
New Gold has
been one of my
favorites and I
believe New Gold
'may be'
scouting for an
acquisition
adding more
production to
their already
rosy scenario.
For those
readers and
subscribers
unfamiliar with
all of our
services:
•
PreciousMetalsWarrants.com
provides an
online database
for all warrants
trading on the
natural resource
companies in the
United States
and Canada.
•
InsidersInsights.com
tracks the
buying and
selling of
corporate
insiders with a
focus on the
junior mining
and natural
resource
sectors. Buy and
Sell Alerts are
issued as deemed
relevant based
upon our
analysis.
There are many
great
opportunities
presented in
each of these
services and we
encourage you to
get on board
with us soon.
Dudley
Dudley Pierce Baker - Owner/Editor - Guadalajara/Ajijic, Mexico
Lorimer Wilson - Director of Marketing and Contributing Editor - Toronto, Canada
Bruce Ross - Webmaster and Administrative Assistant - Phoenix, USA
