Nevada has become the center
of attention for gold companies seeking new deposits. Recent
developments signal that several junior companies are about
to be a part of the gold rush.
The following is extracted from the August 2005-2
Special Nevada Gold Rush Issue
HERE to read Lawrence Roulston's Special Report on Nevada
Gold Rush Companies
No area in the world is seeing more exploration activity –
nor producing more ounces of new discoveries – than
Nevada. The state has quickly emerged as the third largest
gold producing region in the world. With annual production
of 8 million ounces a year, this one state produces 11% of
the annual mined supply of gold. Only South Africa and Australia
produce more of the precious metal than Nevada.
Some important developments in recent weeks signal that the
trends that propelled the gold-rich state to the top ranks
of gold producing regions are going to accelerate, increasing
the importance of Nevada to the gold industry. Some of the
junior explorers involved in the gold rush that is unfolding
will deliver big gains to shareholders.
With the gold price again closing in on a 16
year high, investors are getting positioned in gold companies,
making the Nevada story all the more timely.
HERE to read more about Roulston's Gold Companies with Potential
for Big Payoffs
Centerpiece For Three Of The Majors
Three of the largest gold producers –
Newmont, Barrick and Placer Dome – already derive a
large portion of their annual production from Nevada. All
of these gold companies have made the state a top priority
in their exploration and development plans.
Nevada is important to the gold industry for
- It ranks among the most favorable jurisdictions in the world
to find, develop and operate mines.
- There is a long history of mining, providing a strong base
of mining skills and expertise.
- The infrastructure for mine development in Nevada is better
than any place on the planet.
- Existing milling facilities have unused capacity, meaning
that mines can be brought to production quickly and inexpensively.
- Nevada has one of the richest endowments of gold of any
region in the world.
Vast areas of the state remain under-explored and new approaches
are leading to big discoveries.
In addition to those benefits enjoyed by the
state, geopolitical trends over the past few years are leading
some companies to favor the United States in general as a
favored place for developing mines. Mining companies are growing
increasingly wary of investing in areas that may be subject
to political upheaval, terrorism, corruption or capricious
application of laws.
Gold mines in the United States also have a
built-in currency hedge.
Mines in some countries are facing challenges
as local costs escalate relative to the price of gold. For
example, most of the gold production in South Africa is now
uneconomic, as the strength in the South African currency
has driven up mining costs relative to the dollar price of
gold. Even with gold at the highest level in two decades,
gold mines in South Africa are shutting down, as they are
Within the United States, the gold industry
is focused on Nevada and Alaska, with Nevada holding the lead
as the best place to look for new gold deposits.
The flip side of all the benefits enjoyed by
Nevada is that much of the prospective exploration ground
is already tied up. However, companies that had the foresight
to acquire prospective ground while the gold industry was
quiet are now poised to benefit as exploration activity heats
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