SOURCE: The Bedford Report

The Bedford Report

July 06, 2011 08:16 ET

Uptick in Gold Demand Benefits Brigus Gold and Northgate Minerals

The Bedford Report Provides Equity Research on Brigus Gold & Northgate Minerals

NEW YORK, NY--(Marketwire - Jul 6, 2011) - Gold prices are once again on the upswing as a weakened credit outlook for China's banks has boosted demand for precious metals to hedge against declines in other assets. The uptick in gold prices has caused a jump for gold explorers, many of which have posted record profits during the latest gold rush. The Bedford Report examines the outlook for the Gold Market and provides stock research on Brigus Gold Corporation (NYSE Amex: BRD) (TSX: BRD) & Northgate Minerals Corporation (NYSE Amex: NXG) (TSX: NXG). Access to the full company reports can be found at:

Strong physical demand for gold from India has helped support gold prices even when investor demand has tailed off. A recent report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 percent. Presently India accounts for 32 percent of the global jewellery and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.

China and India jointly accounted for 51 percent of global gold demand for investment and jewelry over the last year.

The Bedford Report releases investment research on the Gold Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

The uptick in demand for gold could also benefit producers, many of which are boosting spending as gold hits all-time highs. Last month Wade K. Dawe, Chairman, Chief Executive Officer and President of Brigus Gold said the company's efforts over the last several months "have positioned Brigus for sustainable growth with expected quarter over quarter increases in gold production for the rest of 2011."

During its most recent earnings announcement, Northgate Minerals asserted its 2011 gold production view of 195,000-205,000 ounces at a cash cost of $805-$845 per ounce.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford 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

Contact Information