junior gold stocks
Posted: Friday Aug 15 7:24:50AM 2014
ok, it's been a brutal few years since the glory days for gold miners. More and more articles about the rebound since January of gold miners.
Is it time? I'm not sure we won't still have some more weakness. But the miners are still cheap and I am buying some cheap producers.
TGZ.to Teranga is a 200K producer. Been holding this one for about a year. Back slightly below my cost at .75.
EDV.to Endeavor Mining used to be a finance house for miners but has turned into a very capable producer. They have multiple mines in West Africa and produce about 400K oz/yr. They have either purchased and fixed poorly run mines or brought new ones online at budget. Still growing and profitable. Just bought around current price of C$.88.
I am picking these two and trying to buy RIO.to because they are already in production and have good mgmt. There are junior explorers with no production that will soar if gold takes off again but these are safer, yet still have big upside.