Equity Research on Goldcorp Inc. and NovaGold Resources Inc. - Gold Up Production Down
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/15/12 -- The gold industry, featuring companies such as Goldcorp Inc. and NovaGold Resources Inc., has had a number of factors working in its favor as of late. Another round of economic stimulus in the U.S. has driven up the price of gold, and with the near-term possibility of some form of economic stimulus in Europe and China, gold could continue to rise higher. With markets remaining volatile, many investors are also parking their money in gold until less turbulent times present themselves. Get your free reports on and at . There is no commitment to join.
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While an increase in price augurs well for the industry, several companies have been experiencing a decline in production from some mines. Goldcorp is a good example of this, as revenues from its most recent quarterly report declined by double digits despite gold prices increasing. A drop in production from its Red Lake mine was partially responsible for the fall. report is accessible for free by registering today at
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With the price of gold remaining high, a number of companies have been expanding their operations in an attempt to capitalize. NovaGold has been making some progress in this regard, as it newly announced that Donlin Gold LLC, a company owned equally by subsidiaries of Novagold and Barrick Gold, has begun permitting of the Donlin Gold Project in the state of Alaska. report is accessible for free by registering today at
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