High River Gold Mines

Top Five Russian Gold Stocks

Top Five Russian Gold Stocks

Russia is very rich in natural resources. Some estimates suggest that the total value of Russia’s natural resources exceed $200 trillion. So it’s no surprise that Russia is one of the world’s leading suppliers of gold. Russia is currently the world’s sixth-largest gold producing country with 11% of the world’s unmined gold reserves. But considering the country’s massive land expanse that covers 11 timezones, many geologists consider Russia to be the single largest unexplored gold region in the world, with large deposits only recently being discovered. Russia is the world’s top energy supplier. The country is the global leader in both crude oil and natural gas production. Russia is also the third-largest exporter of black coal, recently inking a deal to supply 475 tonnes of coal to China over the next 25 years . Estimates widely vary, but geologists estimate Russia to hold between 25% and 40% of the world’s unmined gold resources. Russia’s gold industry is highly fractured, with over 600 companies (half private) working in the sector. The country has increased total gold production 38% since the collapse of the Soviet Union in 1991. This year, Russia expects to increase gold production slightly to 6.6 million ounces. After that, experts predict the country will increase output to 7.9 million ounces by 2015. The development of large gold projects held by companies such as Kinross Gold (NYSE: KGC ) and Polyus Gold (OTCBB: OPYGY ) are projected to the main contributor to the increase in Russia gold production. Below you’ll find the top five public-traded Russian gold companies by production volume: Rank Company Exchange: Symbol¹ Share Price Market Cap Annual Russia Gold Production² Percent of Company Production Percent of Russian Production 1 Polyus Gold OTCBB: OPYGY US$26.00 US$9.9 Billion 1.26 million ounces 100% 19% 2 Kinross Gold NYSE: KGC US$16.50 US$11.6 Billion 694,000 ounces 31% 11% 3 Petropavlovsk LSE: POG £11.50 £2.2 Billion 487,000 ounces 100% 7% 4 Polymetal LSE: PMTL £14.00 £5.6 Billion 311,000 ounces 100% 5% 5 High River Gold Mines TSX: HRG C$1.00 C$800 Million 236,000 ounces 70% 4% ¹Most accessible to North American investors ²Figures from 2009 In my most recent report for Wealth Daily , I go into much more detail about Russia’s metals and mining industry and tell you how I think the best approach to investing in the country’s gold sector. You can read my report called The Definitive Guide to Russian Gold Stocks by simply clicking here . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Top Five Russian Gold Stocks originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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The Definitive Guide to Russian Gold Stocks

Built on a foundation of an estimated $200 trillion in hard assets… It’s one of the largest and most profitable industry markets in the world. And — if you’re willing to invest a bit outside of North America — there may be some very interesting investment opportunities in Russia’s massive metals and mining industry. In just a minute, I’ll tell you about several of these opportunities; I want to first give you the details of Russia’s gigantic mining sector and resource base. Advertisement The FREE $45,000 report that could make you rich…  In 1991, a history-changing report surfaced in the oil industry. The details are too numerous to list right here, but this report — dubbed a best seller by The New York Times — helped uncover an incredible source of oil no one had considered for years. Click here for free access to all the information you need to start banking 180 times your investment. Russia’s $200 trillion natural resource base Russia is exceedingly wealthy in natural energy resources. The country is home to the world’s largest natural gas reserves and eighth-largest crude oil reserves. These resources have enabled Russia to become the world’s largest producer of both oil and natural gas, accounting for about 20% of total global production. Russia also hosts the world’s second-largest reserves of black coal; the country is the third-largest coal exporter contributing around 11% to the global coal trade. The country recently inked a $6 billion deal with China to supply 475 million tonnes of black coal over the next 25 years. Additionally found in Russia are vast reserves of raw industrial materials and non-fuel minerals. This extensive mineral resource base is the foundation for the Russia’s massive metals and mining industry, which is a vital supplier to other…

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