North Country Gold Corp V.NCG

In The News

[olindi]

2011-11-03 09:42 ET - In theNews
See In the News (C-PG) Premier GoldMines Ltd

The Financial Post reports in its Thursday edition that with gold pricesconstantly testing new heights repeatedly over the past year, gold equities wereeventually going to catch up. The Post's Eric Lam, writing in Trading Desk, saysinvestors are eyeing junior gold companies, particularly in terms of takeoverinterest. Michael Curran, analyst with RBC Capital Markets, says merger activityhas begun to pick up, with a crop of recent friendly takeover offers suggestingrenewed interest on the exploration front. These include offers fromAgnico-Eagle for Grayd Resources, B2Gold for Auryx Gold and New Gold for bothSilver Quest Resources and GEO Minerals. "Our current favourites look to beweighted towards earlier-staged explorers with high grade components to theirdeposits," he said in a note to clients. The best bets include Premier GoldMines, Rainy River Resources, Sabina Gold & Silver and North Country Gold.These companies are all listed outperform. Based on this analysis, Mr. Curranhas found that investors generally value grade and political risk as the mostimportant factors, and that companies scoring nine or higher generally have muchstronger AMC-to-ounce ratings.