If we were at any other time in the investment cycle for gold and natural resources I would probably suggest that investors stay away far away from these penny stocks unless you really know what you are doing. But that is not the case.
Three big Canadian gold mining companies have banded together to oppose a private member's bill that would regulate their activities in developing countries.
Kinross Gold Corp (CA:K 20.70) shares gained 1.5 per cent Yamana Gold Inc (CA:YRI 14.40) added 1.8 per cent and Eldorado Gold Corp (CA:ELD 14.43) gained 0.2 per cent. Mining companies led the TSX Composite s gains as gold futures hit new record...
The recently signed joint venture (JV) agreement between gold mining major AngloGold Ashanti and diamond giant De Beers has indicated that companies are prepared to look past the high start up costs associated with this type of mining.