| Canadian Penny Stocks
to Watch - August 25 to August 29, 2008
High River Gold Mines Ltd.
Symbol: HRG
Exchange: TSX
Industry: Natural Resources
Products: Gold & Precious Metals
Company Website:
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Company Info:
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Quote and News:
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Profiled Price $0.85 (August 22)
Company Snapshot:
High River is an unhedged gold company with producing
mines, mines under development, and advanced exploration
projects in Burkina Faso and Russia. High River is bringing
two new open-pit gold mines into production. The
Taparko-Bouroum Gold Mine in Burkina Faso achieved commercial
production in October 2007, and the Berezitovy Gold Mine in
Russia is expected to achieve commercial production shortly.
At full production, annual gold production is planned at
100,000 ounces at Taparko-Bouroum and is expected to exceed
100,000 ounces at Berezitovy. Combined with gold production
from two underground mines in Russia, Zun-Holba and Irokinda,
High River's attributable unhedged annual gold production is
expected to exceed 300,000 ounces. In addition, the Company
has three advanced exploration projects, the Bissa Gold
Project in Burkina Faso, the Prognoz Silver Project and the
Chaya Nickel Project in Russia. These projects are expected to
significantly add to the Company's shareholder value in the
future.
Golden Star Resources Ltd.
Symbol: GSC
Exchange: TSX
Industry: Natural Resources
Products: Gold & Precious Metals
Company Website:
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Company Info:
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Quote and News:
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Profiled Price: $1.68 (August 22)
Company Snapshot:
Golden Star holds a 90% equity interest in the Bogoso/Prestea
and Wassa open-pit gold mines in Ghana. In addition, Golden
Star has an 81% interest in the currently inactive Prestea
Underground mine in Ghana, as well as gold exploration
interests elsewhere in Ghana, in other parts of West Africa
and in the Guiana Shield of South America.
Note:
The weekly stocks to watch are selected by a number of
criteria. The weekly stocks to watch should not be construed
as stock picks. Stocks to watch companies are companies that
should be watched because of significant happenings in the
company or their stock price. Momentum, important or
significant financials and news releases, strong technical
analysis indicators, unusual volume or stock price increases
as well as other criteria are some of the criteria we look at
when selecting our weekly stocks to watch.
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