Gold Hits a 16-month High as US Dollar Falls Setting the Stage for Upcoming Online Mining and Resource Conference
Released on: September 13, 2007, 10:19 am
Press Release Author: InvestorIdeas.com
Industry: Financial
Press Release Summary: InvestorIdeas.com Adds BacTech Mining Corporation (TSX.V: BM), Gold Resource Corporation (OTCBB: GORO), Peak Gold Ltd. (TSX.V: PIK) and Probe Mines Limited (TSX.V: PRB) to the Growing List of Participants
Press Release Body: POINT ROBERTS, WA and DELTA, BC - September 13th, 2007, www.InvestorIdeas.com, and its mining portals announce new additions to its list of participants in the upcoming online mining & resource conference. With BacTech Mining Corporation (TSX.V: BM), Gold Resource Corporation (OTCBB: GORO), Peak Gold Ltd. (TSX.V: PIK) and Probe Mines Limited (TSX.V: PRB) participating, the audio event has now grown its list of presenters to 12 public mining and resource companies and 7 industry experts. Investor Ideas is building upon the success of its spring event which hosted 28 public companies and 6 top experts in one of the year's biggest online events for the sector.
The resource sector has been in the spotlight as gold reached a 16-month high of $714.40 USD per ounce driving more investors into the sector. Prices are expected to remain at high levels as the US dollar continues to weaken with a Fed rate cut likely to occur and oil prices creep closer to breaking the $80 per barrel mark.
The upcoming 'Mining for Money' conference, which offers free registration to attend, is expected to provide investors with key insight into the mining and resource sector looking at activity and opportunities within gold, uranium, copper, mining technology and more.
The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Investors can register at: http://www.investorideas.com/forums/Register.aspx
Recent Additions Include:
ˇ BacTech Mining Corporation (TSX.V: BM) has developed and patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. BacTech has successfully commissioned three bioleach plants for gold and demonstrated its technology in the selective recovery of base metals from complex sulphide concentrates in a joint project with Industrias Penoles de C.V. of Mexico. The Company\'s focus is the acquisition of equity positions in projects amenable to bioleaching. Recently, the Company expanded its focus through the establishment of a uranium Joint Venture with Quinto Mining Corporation in Quebec. www.bactech.com
ˇ Gold Resource Corporation (OTCBB: GORO) is an emerging gold producer focused on exploration of a series of high-grade gold and silver deposits in Mexico's southern state of Oaxaca. The Company's projects have been selected based on projected low operating costs and potential for significant returns on capital. GRC's initial exploration efforts have been focused on the El Aguila project, a deposit featuring high-grade gold and silver mineralization. An independent Scoping Study estimated production costs of approximately $100 per ounce of gold, and an annual return-on-capital of greater than 100%, indicating a capital payback of less than one year. www.goldresourcecorp.com
ˇ Peak Gold Ltd. (TSX.V: PIK) is a new intermediate gold producer with two operating assets, Amapari in Brazil and Peak Mines in Australia. After raising an initial CDN$326 million in equity, Peak Gold paid US$200 million in cash and US$100 million in shares to acquire the two assets from Goldcorp. Both operations are steady producers, forecasting 220,000 ounces of gold production in 2007 at a cash cost of US$340 per ounce and with good operating cash flow. With a strong foundation for growth and a commitment to value, Peak Gold is positioned to more than double production by 2008 through both acquisitions and organic growth. Peak Gold does not hedge or sell forward its gold production. www.peakgold.com
ˇ Probe Mines Limited (TSX.V: PRB) is a Canadian base and precious metal explorer led by an experienced management team. The Company has assembled a portfolio of quality projects and is currently focusing on the McFauld's Lake area where the company owns over 856 claims (13,696 hectares). This includes a 100% interest in 12 claims (192 hectares) that lie less than 600 metres from the site of Noront's significant new nickel-copper discovery and represents the closest property to the discovery. Other interests include the Bristol Township gold project in the Timmins West camp and a 5% NSR gold production royalty on a portion of Agnico-Eagle\'s Goldex project in Val d\'Or, Quebec, which is scheduled to commence production in 2008 and represents a potential revenue stream for the company. www.probemines.com
Industry Experts Include: Peter Grandich, Founder, Grandich Publications, LLC; Eric Coffin, HRA (Hard Rock Analyst) Advisories; Adrian Day, President, Adrian Day Asset Management; Jon Nadler, Senior Analyst, Kitco Inc.; Lawrence Roulston, Resource Opportunities; Martha Buckwalter-Davis, Research Associate, Mining & Energy, Fundamental Research Corp.; Nigel Heath, Mining Analyst, eResearch
Additional Presenting Companies: Nayarit Gold Inc.; Uranium North Resource Corp.; ICS Copper Systems Ltd., BacTech Mining Corporation; Bayswater Uranium Corp.; Callinan Mines Limited; Eastfield Resources; Uranerz Energy Corporation; Canstar Resources Inc.
Conference Sponsor: Resource World Magazine - reports on the business of Mining, Oil & Gas and Alternative Energy.
Media Sponsors: U3O8.biz - a leading provider of business news, financial information and analytical tools on the uranium market; The Small-Cap Conference Series - designed to present investors with real companies generating real earnings.
For full details on conference participants visit: http://www.investorideas.com/forums/Portals/resources2.aspx
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.comŽ content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research: http://www.gold-miningstocks.com/NewsUploader/Submission.aspx
Conference Disclaimer: InvestorIdeas.com is paid a one-time fee of $1000, by participating public companies (groups of multiple presenters may be discounted). All descriptions are provided by participants. All companies agree to adhere to regulatory policies.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Investorideas.com is compensated by featured companies, news submissions and online advertising www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information on Participating in this Upcoming Online Conference Please Contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
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