Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition, exploration, and development company that’s offering investors a golden opportunity.
When the dollar is devalued, the price of gold goes up as this metal becomes a safe haven for traders. Orofino Gold Corp. knows the value of gold in today’s economy and has recently signed an option agreement to acquire several properties in Colombia, a current hot spot of gold production.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
ORFG is a precious metals acquisition, exploration, and development company.
_____________________________________
Hecla Mining Company (NYSE:HL)
Hecla mines, processes and explores for silver and gold in the U.S. and Mexico. Hecla currently produces silver from two silver mines, Greens Creek and Lucky Friday. In 2009, the Greens Creek mine in Alaska, which is one of the largest silver mines in the world (among the top ten) produced 7.5 million ounces of silver; the Lucky Friday mine in northern Idaho produced 3.5 million ounces. Hecla has two development projects, San Juan Silver in Colorado and San Sebastian near Durango, Mexico.
Hecla Mining Company today announced its Board of Directors has elected to declare the regular quarterly dividend of $0.875 per share on the outstanding Series B Cumulative Convertible Preferred Stock, for a total amount of approximately $138,000. The cash dividend is payable October 1, 2010, to shareholders of record on September 15, 2010. There are a total of 157,816 shares of Preferred B Stock outstanding.
The Board of Directors also elected to declare the regular quarterly dividend on the outstanding 6.5% Mandatory Convertible Preferred Stock in the amount of $1.625 per share and to pay such dividend in cash, for a total amount of approximately $3.27 million. The dividend is payable October 1, 2010, to shareholders of record on September 15, 2010. There are a total of 2,012,500 shares of the 6.5% Mandatory Convertible Preferred Stock outstanding. Hecla’s Mandatory Convertible Preferred Stock will be converted into common stock in January 2011.
_____________________________________
Eldorado Gold Corp. (NYSE:EGO)
Eldorado Gold Corporation is a Canadian international gold producer with four operating mines, two mines under construction, one late-stage development project and an extensive 2010 exploration program. We operate in China, Turkey, Brazil, Greece and surrounding regions. Our goal is to produce approximately 1 million ounces of gold annually by 2013. As one of the lowest cost gold producers, with new mines, robust margins and a strong balance sheet, we are well positioned to grow in value as we create and pursue new opportunities in gold and other resources.
Eldorado Gold Corporation reported today that it has elected not to proceed with its proposal to acquire Andean Resources Limited (”Andean“).
Paul Wright, President and Chief Executive Officer stated, “Our proposal has been met with broad support from the minority shareholders of Andean and our own shareholders. Extensive dissatisfaction exists among Andean shareholders as result of the Board of Andean choosing to focus on the agenda of a single large shareholder rather than the interests and desires of its broader shareholder registry. From an Andean shareholder perspective there is a keen interest in the creation of a high growth, high quality gold producer with significant market liquidity and superior leverage to the gold price, a dividend paying company that does not rely on base metals to achieve strong cash flows and where exploration success leads directly to superior share price returns. Our own shareholders believe strongly in this vision as well, however have appropriately expressed a note of caution in terms of Eldorado entering a value destroying auction whose main result will be the enrichment of short term market participants. In our opinion, our proposal reflected full value for Cerro Negro and from an Eldorado perspective, Cerro Negro is a “good to have” asset, not a “need to have asset”. Our suite of internal growth opportunities is second to none in the industry and our disciplined approach to growing our business has resulted in superior share price returns for our shareholders. The gold industry, as a whole, has an appalling track record of value destruction and Eldorado has no intention of following in these unfortunate footsteps. For these reasons and at this time, Eldorado has elected not to pursue the acquisition of Andean Resources any further.”
*******************************************
Sign-Up For Free Stock Alerts At http://crwepicks.com/signup
*******************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.The CRWEPicks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer ( http://crwepicks.com/disclaimer ) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEPicks.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. ( read more ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.
*******************************************
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
