Sunday, April 09, 2006

Glamis Gold Ltd, GLG

Glamis Gold Ltd is a gold producer with low-cost production, and a strong growth profile. The Company’s near-term strategic goal is to produce 700,000 ounces of gold annually by 2007 at a total cash cost below $150 per ounce from its mines and development projects in Nevada, Mexico and Central America.
As of January 1, 2005 Glamis had proven and probable reserves of 6.3 million ounces of gold and 38.5 million ounces of silver. Common shares of Glamis Gold Ltd. trade under the symbol GLG on the New York and Toronto Stock Exchanges.

Investors should take a look at Glamis as a case study for successful Gold stock recipe. Traders might want to examine the charts of this strong momentum stock.

Glamis Gold Ltd,  GLG long term chart

Glamis Gold Ltd,  GLG chart

See spot Gold (XAU) and Silver (XAG) Charts here

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