Strong Demand for Gold Stocks
10 Setembro 2009 - 9:30AM
Marketwired
(OTCBB: DANR) (FRANKFURT: OD0) -- Dana Resources is a US-based
precious metals development company with advanced stage gold and
base metal properties in Peru. Management has comments on the
recent surge in demand for gold stocks.
Barrick Gold announced today that they have increased the value
of their bought deal to $4 billion USD citing "strong investor
demand." This news comes a day after the Toronto-based gold giant
announced plans to eliminate its gold hedging program due to their
belief that gold prices are going much higher. Barrick commented it
"expects global monetary and fiscal reflation will be necessary for
years to come, resulting in an increased risk of higher inflation
and a future negative impact on the value of global currencies." It
also cited "robust gold supply/demand fundamentals."
Mr. DeMelt, Dana Resources' President has commented, "Gold is
priced near $1000 USD per ounce due to the global demand for the
precious metal as a hedge to inflation and the weak U.S. dollar.
This investment climate is driving the demand for the stock of gold
companies. We expect to continue to see strong interest in
financial partners and investors for Dana. It is a great time to be
a gold company with near term production."
Dana Resources has previously announced its plans for the open
pit production of gold at its Collota deposit (initially hosting
1.17 million ounces of gold). Dana's Collota gold deposit is in the
direct trend line as Barrick's world famous Pierina gold
deposit.
About Dana Resources
Dana Resources is a precious and base metals exploration company
with offices in the United States and Peru. Dana's management team
possesses local knowledge, extensive international connections, a
wealth of experience and technical expertise in mining, mining
finance, exploration and production. Dana Resources has acquired a
portfolio of gold, silver and other precious & base metal
properties located in Peru's most prolific mining regions.
With Peru growing as a producer of gold, silver and other metals
on the international market, Dana Resources is well positioned to
capitalize on the escalating global demand for commodities. The
management team and Directors are committed to creating value for
their shareholders and to the long-term success of Dana
Resources.
The statements contained herein which are not historical are
forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements, including,
but not limited to, certain delays beyond Dana Resources control
with respect to the commencement of drilling operations,
concentration in mineral deposits, delays in testing and evaluation
of ore samples, and other risks detailed from time to time in Dana
Resources' filings with the Securities and Exchange Commission.
Contact: Leonard DeMelt Dana Resources www.danaresources.com
Email Contact
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