www.babybulls.com: Babybulls.Com Alerts For Thursday, July 23, 2009: GPR, EET, YRI, BTO And BZA
YRI | Quote | Chart | News | PowerRating -- BabyBulls.com Alerts for Thursday include Great Panther Resources Limited (TSX: GPR | Quote | Chart | News | PowerRating); Etruscan Resources Inc. (TSX: EET | Quote | Chart | News | PowerRating); Yamana Gold Corp. (TSX:YRI); B2Gold Corp (TSX: BTO | Quote | Chart | News | PowerRating) and American Bonanza Gold Corp (TSX: BZA | Quote | Chart | News | PowerRating).
--- Great Panther Resources Limited (TSX:GPR) closed Wednesday at $0.56 per share on trading volume of 134,100 shares.
On July 21, 2009 Great Panther Resources announced an update to the ongoing mineral resource development at the Company's 100% owned Topia Silver-Gold-Lead-Zinc Mine in Durango, Mexico. The report, which was generated by Wardrop Engineering of Vancouver detailed that the 2009 mineral resource estimate comprises Measured & Indicated Mineral Resources of 5,458,218 silver equivalent ounces (173,103 tonnes at 552g/t silver, 0.99g/t gold, 5.58% lead and 4.83% zinc) as well as 5,692,957 silver equivalent ounces in the Inferred category (174,562 tonnes of 633g/t silver, 1.03g/t gold, 5.10% lead and 3.84% zinc).
At current production levels, management considers the new resource to be sufficient for at least a 10 year mine life.
The 2009 mineral resource estimate has increased over that reported in 2008 mainly due to: - a re-interpretation of the drill hole data, - new vein channel sampling data from exploration development on Level 2, - a correction of the survey of old underground workings to surface topography, - improved ore grades at Topia (522g/t silver; 0.58g/t gold; 3.26% lead and 4.20% zinc for the year to end of June), - updated and improved metallurgical recoveries, and - improved concentrate sales terms.
To view the full press release (which includes metal values for individual veins at Topia) click here
GUANAJUATO MINE TOUR - JULY 2009 Great Panther's management team is traveling to the colonial city of Guanajuato, Mexico this week (July 22-24) along with a contingent of analysts and other mining sector media/investor representatives for a full tour of the Company's flagship Guanajuato Mine. Several members of the Torrey Hills Capital/BabyBulls.com team are joining this group and we anticipate issuing a travel digest of the Guanajuato Mine tour on BabyBulls.com's Blog site following their return.
Earlier this month Great Panther announced record setting growth, reporting total Guanajuato Mine metal production of 327,295 Ag eq oz, a 19% increase from Q2 2008 and total Topia Mine metal production of 172,550 Ag eq oz, a 7% increase from Q2 2008 giving a total metal production of 499,845 Ag eq oz, a 15% increase from Q2 2008 and a new record.
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--- Etruscan Resources Inc. (TSX:EET) closed Wednesday at $0.285 per share on trading volume of 1,400,402 shares.
In a press release dated July 22, 2009 Etruscan Resources Inc. reported that it had concluded the sale of its interest in the Samira Hill Gold Mine located in Niger, West Africa to SEMAFO Inc. for US$3 million together with a 1.5% net smelter return royalty on additional ounces produced from the Samira Project in excess of 750,000 ounces as from July 1, 2009.
Commenting on the news, Mr. Gerald J. McConnell, Etruscan's President and CEO stated: "The Samira Hill asset provided the entry point for Etruscan into West Africa and allowed Etruscan to acquire its 90% owned Youga Gold Mine located in Burkina Faso which has been in production since July, 2008. This deal allows us to continue our focus on optimizing our Youga project while at the same time providing a continuing interest in any future expansion of the Samira Gold Mine and any new discoveries on the 55 kilometer Samira gold belt."
About Etruscan Resources Inc.
Etruscan Resources Inc. is a gold focused Canadian junior mining company with dominant land positions in district scale gold belts covering more than 10,000 square kilometers in West Africa. Its principal mine development projects include the Youga Gold Project in Burkina Faso, the Agbaou Gold Project in Cote d'Ivoire and the Finkolo Gold Project in Mali.
--- Yamana Gold Corp. (TSX:YRI) closed Wednesday at $10.35 per share on trading volume of 3,292,414 shares.
In a press release dated July 22, 2009, Yamana Gold Corp announced that it has declared commercial production at its Gualcamayo mine effective July 1, 2009. The Gualcamayo mine is located in the province of San Juan, Argentina, and the release stated that Yamana expects the mine to contribute significantly to Yamana's overall production and be one of its core mines.
About Yamana Gold Corp.
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Central America. The Company plans to continue to build on this base through existing operating mine expansions and throughput increases, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.
--- B2Gold Corp (TSX:BTO) closed Wednesday at $0.72 per share on trading volume of 269,618 shares.
In a press release out on July 22, 2009, B2Gold Corp announced that it had completed a previously announced bought deal financing, issuing 33,340,000 common shares at C$0.75 per share, for gross proceeds of C$25,005,000. The offering was conducted by a syndicate of underwriters, co-led by Genuity Capital Markets and Macquarie Capital Markets Canada Ltd., and including Blackmont Capital Inc. and Haywood Securities Inc. (collectively, the "Underwriters").
About B2Gold Corp
B2Gold Corp. is a Vancouver based gold producer with mining operations in Nicaragua and a portfolio of mining, development and exploration assets in Colombia, Nicaragua and Northeastern Russia.
--- American Bonanza Gold Corp (TSX:BZA) closed Wednesday at $.075 per share on trading volume of 667,075 shares.
In a press release out on July 22, 2009 American Bonanza Gold Corp announced that the Company has drilled high grade gold on the southern edge of the D-Zone mineralization at the 100% owned Copperstone Project in Arizona. The release reported that drill hole 08CS-54 encountered a 6.1 meter mineralized zone within the Copperstone Fault with an average grade of 37.8 grams per tonne gold (1.1 ounces of gold per ton) approximately 60 feet south of the southern margin of the D-Zone.
About American Bonanza Gold
Corp American Bonanza Gold Corp acquires, explores and develops high-grade gold properties in the United States and Canada. Bonanza is working to re-activate mining at the development-stage Copperstone gold property in Arizona, is well financed and has no long-term debt and no gold hedges. Please visit our website at www.americanbonanza.com.
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Babybulls.com (www.babybulls.com) has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by BabyBulls.com to be accurate, and should not be considered to be all-inclusive. BabyBulls.com is a leading information resource for evaluating investment opportunities in small and microcap stocks. We focus on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else on the Internet. To feature a company or to get more information, please visit us at www.babybulls.com or email us at info@babybulls.com BabyBulls.coms affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. BabyBulls.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. BabyBulls.com has the following compensation arrangements with the companies profiled or mentioned in this press release: Great Panther Resources five thousand dollars per month plus one hundred sixty thousand options exercisable at C$0.45.. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BabyBulls.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities mentioned herein. To view full disclaimers, go to http://www.babybulls.com/disclaimer.htm.
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