NEW YORK, NY -- (Marketwire) -- 02/10/12 -- Gold mining stocks -- particularly juniors -- have performed well this year. The Market Vectors Junior Gold Miners ETF (GDXJ) is up more than 16 percent year to date -- outperforming the SPDR Gold Trust which is up slightly more than 10 percent. Five Star Equities examines the outlook for companies in the Gold industry and provides equity research on Goldcorp Inc. (NYSE: GG) and Golden Star Resources Limited (NYSE Amex: GSS) (TSX: GSC). Access to the full company reports can be found at:
www.fivestarequities.com/GG
www.fivestarequities.com/GSS
Gold mining stocks and ETFs had been lagging bullion prices in recent years. However some analysts are looking for the shares to tighten the performance gap in 2012. Scott Wright of Resource Investor argues that 2011 global gold-mine production finally returned to pre-bull levels. "In fact, with 2011's volume expected to come in at around 88m ounces, we'll see a new all-time production high," Wright argues.
Investing in gold mining stocks is not without risk, however. As pointed out on BullionVault.com, higher costs can weigh on margins and cut into profits. "Businesses which have found gold in smaller countries have been forced to build roads, hospitals, schools and other social infrastructure, as well as repair the damage they do," BullionVault.com reports.
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.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. Earlier this month the company declared its second monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Thursday, February 16, 2012 will be entitled to receive payment of this dividend on Friday, February 24, 2012.
Golden Star Resources Ltd., a gold mining and exploration company, through its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties.
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