SOURCE: Century Capital Research

June 21, 2012 08:00 ET

World Wide Gold Production Continues to Grow

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research

NEW YORK, NY--(Marketwire - Jun 21, 2012) - According to the 'Mineral Commodity Summaries 2012' recently released by the U.S. Geological Survey the world's gold-producing countries bolstered their output in 2011, producing a total of 2,700 tons of gold, a 5.5 percent increase on 2010.

Scotiabank is expecting Peru, which is the 5th largest gold producing country in the world, gold production to recover and increase by 3% compared to last year. This will help solidify the country's position as Latin America's largest gold producer. Companies like Newmont (NEM), and Buenaventura (BVN) have announced in the past the significant increases out of Peru that are expected in the next 5 years.

The Graystone Group (PINKSHEETS: GYST) recently announced they have acquired two areas in Peru totaling 2900 acres with reserve estimates of over $132,000,000 of gold deposits. Initial assay results have shown a purity level of over 84%.

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