SOURCE: Paragon Financial Limited

Paragon Financial Limited

March 02, 2012 08:20 ET

Gold Mining Stocks Begin to Stall After Strong Start to 2012

The Paragon Report Provides Equity Research on Paramount Gold & Silver and Kinross Gold Corporation

NEW YORK, NY--(Marketwire - Mar 2, 2012) - After a solid start to the year, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down more than 3 percent over the last month, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled more than 6 percent over the that period. The Paragon Report examines the outlook for companies in the Gold industry and provides equity research on Paramount Gold and Silver Corporation (NYSE Amex: PZG) (TSX: PZG) and Kinross Gold Corporation (NYSE: KGC) (TSX: K). Access to the full company reports can be found at:

Earlier this week gold suffered its biggest one-day drop in more than three years after Federal Reserve Chairman Ben Bernanke disappointed investors who had hoped for a strong signal of more stimulus. Goldman Sachs' chief U.S. economist, Jan Hatzius, wrote in a note to clients that Bernanke's "prepared statement offered no clear signal about further easing." The reduced potential for quantitative easing led to a rally in the U.S. dollar and substantial weakness in precious metals.

In his semi-annual speech before Congress, Bernanke acknowledged improvement in the labor market and said that headwinds such as Europe and a weak housing market would fade beyond 2012.

The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the gold industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Paramount Gold and Silver Corp., an exploration stage mining company, engages in the acquisition, exploration, and development of gold, silver, and precious metal properties in Mexico and the United States. Last week the company reported "some of the highest silver grades yet discovered at its 100% owned San Miguel Project in Mexico."

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. Earlier this week the company's Chief Executive Tye Burt said Kinross Gold may consider selling its 50 percent interest in the Crixas underground gold mine in Brazil and its 25 percent stake in the Cerro Casale gold-silver-copper project in Chile.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at