SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 20, 2010 09:01 ET

Analyst Study on IAMGOLD and Northgate Minerals -- Gold Is Back in Strength

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 20, 2010) - brings investors market knowledge on the aspects moving the gold stocks, and offers complete analytical research on companies like IAMGOLD Corp. (NYSE: IAG) and Northgate Minerals Corp. (NYSE Amex: NXG). Register with today to gain full access to our complimentary research on these gold stocks.

As the global economy continues to struggle, investors have increasingly been turning to gold and gold ETFs as a shelter from the economic storm. Legendary money manager George Soros is also convinced by the strength of gold and has recently increased his management fund's stake in the metal significantly. The devaluation of the US dollar has also pushed gold prices up. Visit us at to understand the catalysts and forces driving or affecting companies in the gold industry. is a specialized website where investors can have specific access to complimentary reports on gold industry; traders looking for analysis on IAMGOLD Corp., Northgate Minerals Corp. and other players in the industry are welcomed to sign up for free at

Although some companies are currently experiencing production decreases, the increase in the price of gold has been a boon to the industry, as it has increased margins and helped offset production costs. Companies producing at full capacity have seen extremely strong gains.

Last week, IAMGOLD Corp. announced that its earnings for the quarter declined to $35.7 million on a decrease of gold output due to the closure of its mine in Quebec amongst others. The company, however, raised its production estimate for the rest of the year. Investors can register today at to download the full report on IAMGOLD Corp.

Northgate Minerals Corp. also saw its profit drop as its gold production slumped. Investors can access free research on Northgate Minerals Corp. now by signing up at

While floundering currencies and commodities are driving investors to gold, bullion prices are also being driven up by increased demand from China and India. The wedding and festival season in India, the world's largest gold consumer, is rapidly approaching. Historically, this time marks an increase in buying activity, as gold is traditionally given as gifts. China is also showing positive signs for gold, as a recent announcement from the People's Bank of China stated the coming of relaxed investment laws for the yellow metal, which may open up new markets.

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