NEW YORK, January 19, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Gold Standard (NYSEMKT: GSV), Golden Minerals (NYSEMKT: AUMN), Golden Star (NYSEMKT: GSS), Goldfield (NYSEMKT: GV), and Great Panther (NYSEMKT: GPL). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
GSV Research Report: ( http://get.analystsreview.com/pdf/?c=Gold%20Standard&d=19-Jan-2015&s=GSV ),
AUMN Research Report: ( http://get.analystsreview.com/pdf/?c=Golden%20Minerals&d=19-Jan-2015&s=AUMN ),
GSS Research Report: ( http://get.analystsreview.com/pdf/?c=Golden%20Star&d=19-Jan-2015&s=GSS ),
GV Research Report: ( http://get.analystsreview.com/pdf/?c=Goldfield&d=19-Jan-2015&s=GV ),
GPL Research Report: ( http://get.analystsreview.com/pdf/?c=Great%20Panther&d=19-Jan-2015&s=GPL ).
Analyst Update: Drilling Results, Project Updates, and Financial & Operational Performance Update
Reviewed by: Rohit Tuli, CFA®
The U.S. market snapped its five-day long losing streak on Friday, helped by rebound in the energy shares and a jump in the consumer sentiment index to 11-year high levels. The University of Michigan preliminary consumer sentiment index for January 2015 rose to 98.2, beating the median forecast of 94.1 that came from economists surveyed by Bloomberg. Energy stocks rallied sharply on Friday, following a rise in the oil prices, helping the S&P 500 index gain 1.34% to close at 2,019.42. The Dow Jones Industrial Average rose 1.10% to close at 17,511.57, and the Nasdaq Composite gained 1.39% to close at 4,634.38. Meanwhile, European equity markets closed mostly higher on Friday, while Swiss market remained under pressure after the Swiss National Bank's move to scrap its three-year old ceiling on franc. In Asia, the markets ended mostly lower as investors fled to safe-haven assets after the Swiss central bank's move.
Gold Standard Ventures Corporation (Gold Standard) announced assay results of seven reverse-circulation (RC) holes from the Railroad-Pinion Project Phase-2 drilling program at its 100%-owned Railroad-Pinion Project in Nevada's Carlin Trend.
Golden Minerals Company (Golden Minerals) issued its initial operational performance update regarding the restart of its Velardena Project. The mine restarted in July 2014, while milling operations resumed in November. Based on the grades recovered following restart of mining operations at Velardena, the Company now anticipates grades averaging approximately 10% lower for both gold and silver than previously anticipated due to additional mining dilution.
Golden Star Resources, Ltd. (Golden Star) said that it sold 260,788 ounces of gold in 2014, in line with the Company's revised guidance. For Q4 2014, the Company said that it produced and sold 72,085 ounces of gold, reflecting a growth of 19% over the prior quarter.
Goldfield Corporation's (Goldfield) order backlog in its electrical construction Master Service Agreements ("MSAs") grew nearly four-fold to approximately $246 million as of September 30, 2014, from $50 million at March 31, 2014. Goldfield said that of this $48 million is expected to be realized within 12 months.
Great Panther Silver Limited (Great Panther) said third quarter 2014 revenues fell 10.6% YoY to C$12.8 million, reflecting the sharp decline in gold and silver prices which also offset the impact of increased sales volume on a silver equivalent ounce basis, favorable currency fluctuations, reduction in smelting and refining charges.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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