SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 13, 2011 08:16 ET

Miners Continue to Underperform in Gold Market

The Paragon Report Provides Equity Research on NovaGold & Northgate Minerals

NEW YORK, NY--(Marketwire - Sep 13, 2011) - The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on NovaGold Resources, Inc. (NYSE Amex: NG) (TSX: NG) and Northgate Minerals Corporation (NYSE Amex: NXG) (TSX: NGX). Access to the full company reports can be found at:

With the price of Gold near all-time highs, analysts and investors are beginning to question the underperformance of Gold Mining stocks. Between January and August, the price of gold rose a staggering 29 percent, while the XAU Index of precious metal mining stocks has fallen a surprising 4 percent. Analysts at TD Securities go as far as to argue that gold stocks have had the worst performance relative to the price of gold in roughly ten years.

Gold miners from across the globe have been feverishly boosting production to match high demand for the precious metal. World Gold Council (WGC) officials argued last week that Gold demand, which dropped in the second quarter of this year, is expected to strengthen by the end of 2011, driven by strong jewelry buying in China and India.

The Paragon Report provides 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

NovaGold is a precious metals company engaged in the exploration and development of mineral properties located principally in Alaska, U.S.A. and British Columbia, Canada. For the three-month period ended May 31, 2011, the Company reported a net loss of $10.6 million compared to a net loss of $16.8 million for the corresponding period in 2010.

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Gold production for the second quarter of 2011 totalled 43,798 ounces at an average net cash cost of $944 per ounce.

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