Featured Post

Latest Gold News

Economic power could shift further East with Hong Kong gold exchange Russian investment bank sees $1,400 gold by end of 2017 Weak CPI...

Monday, June 28, 2010

Anatolia Minerals (TSE:ANO) Continues Strong Performance

Anatolia Minerals (TSE:ANO) has been one of the best performing gold stocks so far in 2010, and they continue to soar, being among one of the leading gold stocks on Friday, surging by $0.42 for a 7.66 percent gain, ending the session at $5.90 a share.

The share price of Anatolia has almost tripled since November 2009, when it hit its 52-week low of $2.01 a share.

The flagship of Anatolia is its Çöpler project in Turkey, where they recently received titles to all the private land within the Life-of-Mine footprint for the Phase I Oxide Project at the mine.

These swap agreements entail the trading of common land held by hte village for home in a new village where construction will begin in June.

There's more to it, but the point is everyone is happy, and that bodes well for the mining company going forward.

Full production capacity is expected to be reached in 2011, and estimates of 500,000 gold equivalent ounces to be mined annually by 2014, with gold ounces expected to come in at about 300,000.

No comments: