By Market Wire, February 21, 2013, 08:20:00 AM EDT
RDInvesting Provides Stock Research on Golden Star Resources and Rubicon Minerals
NEW YORK, NY -- (Marketwire) -- 02/21/13 --
Gold stocks have struggled in 2013 as growing optimism for the global economy has lessened gold's appeal as a safe haven. Both the Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ) have fallen nearly 20 percent year-to-date. Research Driven Investing examines investing opportunities in the Gold Industry and provides equity research on Golden Star Resources Ltd. (NYSE MKT:GSS) (TSX: GSC) and Rubicon Minerals Corp. (NYSE MKT:RBY) (TSX: RMX).
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Since reaching $1,750 an ounce in December, gold prices have fallen as low as $1,590.20 a troy ounce, a six-month low. Investors have been worried that minutes released from the latest Federal Open Market Committee would signal an end to the third round of stimulus measures. Gold prices have declined for five consecutive sessions and are down approximately 5 percent in 2013.
"Investor risk appetite is on the upswing at the expense of demand for safe-haven assets like gold," said Jim Wyckoff, a Kitco Metals analyst.
Research Driven Investing 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.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
Golden Star has two operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa. Our growth strategy is the result of their exploration and expansion activities at both Bogoso/Prestea and Wassa/HBB. Total gold production from both mines in 2011 totaled 301,120 ounces. Estimated 2012 production is 338,000 ounces. Shares of Golden Star have fallen 15 percent year-to-date.
Rubicon's focus is in high-grade gold producing areas of North America. The Company owns over 100 square miles of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon plans to release a mineral resource update at the end of the first quarter. Shares of the company have fallen over 17 percent year-to-date.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Source: Research Driven Investing