Troilus Gold advances project financing with additional LOIs for $500m
In May, the company produced a feasibility study that demonstrated the potential for Troilus to be amongst the largest gold producers in Canada.
NEW YORK, NY — (Marketwire) — 09/06/11 — For several decades, Ron Paul has warned of the collapse of the US Dollar. As reported in Barron’s, the Republican Candidate “puts his money where his mouth is.” Dr. Paul continues to invest heavily in gold-mining stocks as hedge against what the congressman calls “The Great Inflation.” The Bedford Report examines investing opportunities in the gold industry and provides stock research on IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) and Newmont Mining Corporation (NYSE: NEM). Access to the full company reports can be found at:
Ron Paul’s 2010 financial report released earlier this summer shows no holdings of physical gold or gold equivalents like certain exchange-traded gold funds, but several gold mining stocks. Paul has been predicting disastrous inflation since the United States abandoned the gold standard in 1971. Ron Paul wrote last year that massive inflation “guts the savings and earnings of the people, who have very limited options for protecting themselves against these ravages. One option is to convert their fiat currency into something out of reach of central banks and government spending, such as gold or silver.”
The Bedford Report releases equity research 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.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
According to his financial reports, Both Newmont Mines and IAMGOLD have been fixtures in Ron Paul’s portfolio for several years.
Newmont Mines’ Peruvian Yanacocha production has exceeded 26 million ounces since the mine opened in 1993. Meanwhile Newmont’s Conga project is currently in the exploration phase and comprises two main copper and gold deposits called Perol and Chailhuagón 2.
IAMGOLD is a leading mid-tier gold mining company producing approximately one million ounces annually from five gold mines (including current joint ventures) on three continents. IAMGOLD’s growth plans are strategically focused in West Africa, select countries in South America and regions of Canada.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.
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