NEW YORK, NY -- (Marketwire) -- 01/17/12 -- Gold prices have been volatile in recent months as better than expected U.S. economic data has boosted the greenback. While the price of gold has faced several headwinds of late, several mining operators are optimistic gold could make a run in 2012 due to the ongoing accommodative monetary policies across the globe. Five Star Equities examines the outlook for companies in the Gold industry and provides equity research on AuRico Gold Inc. (NYSE: AUQ) (TSX: AUQ) and Rubicon Minerals Corporation (NYSE Amex: RBY) (TSX: RMX). Access to the full company reports can be found at:
www.fivestarequities.com/RBY
www.fivestarequities.com/AUQ
Several mining companies are optimistic that gold prices will have a strong 2012. U.S. Gold Corp Chief Executive Rob McEwen said he expects global financial worries to push gold prices above $2,000 an ounce this year and even higher in the next few years. McEwen also argues that major gold mining companies should increase dividends to attract investors. The former Goldcorp founder believes that shareholders currently are not getting the kind of returns they should expect with the gold price so high.
Five Star Equities 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.fivestarequities.com and get exclusive access to our numerous stock reports and industry newsletters.
AuRico Gold Inc. engages in the exploration, development, and production of gold and silver mines and projects in Mexico. In late 2011 the company completed the acquisition of Northgate Minerals, which included the Fosterville and Stawell gold mines. According to AuRico the two mines collectively reported attributable production of 29,858 gold ounces at cash costs of $863 per gold ounce and revenues of $48 million during the quarter.
Rubicon Minerals controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp's high-grade, world class Red Lake Mine.
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