The Paragon Report Provides Stock Research on Gold Fields and Jaguar Mining
NEW YORK, NY -- (Marketwire) -- 06/04/12 -- After a solid start to the year, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down almost 15 percent year-to-date, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled nearly 22 percent over the same period. The Paragon Report examines investing opportunities in Gold Industry and provides equity research on
Gold Fields Limited (NYSE: GFI) and
Jaguar Mining Inc. (NYSE: JAG).
Access to the full company reports can be found at:
www.ParagonReport.com/GFI
www.ParagonReport.com/JAG
Gold prices, as of Tuesday, have fallen 7 percent this month settling at $1,548.60 per troy ounce, gold prices are now down 1.1 percent for the year. This has been the first time since 2008 that gold prices have been negative this late in the year. In times of financial crisis investors historically have rushed to gold as a safe haven. It now seems that gold may be losing its safe haven status as investors instead have been flocking to U.S. Treasury and German bonds. "They're trumping gold as a safe haven," said James Steel, a gold analyst at HSBC.
Paragon Report releases regular market updates on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Gold Fields is one of the world's largest unhedged producers of gold with attributable annualized production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields has total attributable gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces.
Jaguar Mining is a gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais. Jaguar is also engaged in developing the Gurupi Project in the state of Maranhão. Based on its development plans, Jaguar is one of the fastest growing gold producers in Brazil. The company recently reported net income of $2.8 million for the quarter ended March 31, 2012. This result compares to net income of $3.7 million in the first quarter of 2011.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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