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.





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Glamis Gold NYSE:GLG

Glamis rides gold rush to higher profits
Last Updated Mon, 13 Feb 2006 16:16:28 EST
CBC News
Glamis Gold reported sharply higher revenues and profit in the fourth quarter, driven by higher gold prices and a big increase in production.

Glamis (TSX:GLG) said its net income more than doubled to $15.1 million US (12 cents a share) in Q4, compared to $6.1 million US (5 cents a share) in the same period a year earlier.

Nevada-based Glamis reports in U.S. dollars. The stock lists on both the New York and Toronto Stock Exchanges.

Production in the quarter rose 67 per cent to a record 140,377 ounces at a total cash cost of $181 per ounce.

Revenues in the final quarter of 2005 more than doubled to $70.7 million.

"Contrary to the prevailing gold industry trend, our cost profile is expected to decline significantly in the year ahead, while our gold production is projected to increase by more than 50 per cent over the same period," Glamis Gold CEO Kevin McArthur said in a release.
Source:CBC


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