UK Gold stocks
A Randgold meanwhile is looking to increase output from 696,023 ounces in 2011 to double to over 1.4m ounces by 2016. The group stands out for its expectation that it can lower cash costs/oz over the period.
Centamin Egypt is another group with clear growth plans with output set to come in around 25% up on 2011 during the current year at around 250,000 ounces. The group is targeting a rage of 500,000 ounces in the medium term. A strong cash position and growth plans makes the stock stand out.
The other gold miners are more coy on the production front with African Barrick previously having a target of 1m oz per year but output in 2011 down 2% to 688,278 ounces.
Highland gold saw output fall in 2011 but is looking to return to growth this year while Petropavlovsk saw output up 24% in 2011.
July 2012 | www.financial-spread-betting.com | 81