I like mining companies. Before I started this blog I use to trade Hecla Mining Corp in the "penny-stock" days to see it above $4 now and over $7 in the past year...
Here is another one that mines gold with a good prospect for future developments...
Northgate Minerals (NYSE: NXG) $2.95. Today announced that it has received notice from the Ontario Ministry of Northern Development, Mines and Forestry ("MNDMF") of acceptance of the Closure Plan for the Young-Davidson Mining Project. Acceptance of the Closure Plan allows Northgate to commence construction and development of the Young-Davidson mine, which is forecast to produce an average of 180,000 ounces of gold per year at a cash cost of $350 per ounce over a 15-year mine life starting in 2012.
Happy Trading...
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