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Gold/Mining/Energy : Century Mining Corporation

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To: tanoose who wrote (51)	5/5/2006 8:58:13 AM
From: tanoose	Read Replies (1) of 545

more on country risk from the Globe and Mail; Globe says High River Gold, others takes their chances High River Gold Mines Ltd (C:HRG) Shares Issued 231,486,189 Last Close 5/4/2006 $2.80 Friday May 05 2006 - In the News Also Barrick Gold Corp (C:ABX) In the News Also Teck Cominco Ltd (C:TEK) In the News Also Falconbridge Ltd (2) (C:FAL) In the News Also Meridian Gold Inc (C:MNG) In the News Also Pan American Silver Corp (C:PAA) In the News Also Silver Wheaton Corp (C:SLW) In the News The Globe and Mail reports in its Friday edition that doing business in a third world country has its risks. The Globe's Wendy Stueck writes that CIBC World Markets analyst Barry Cooper says the market takes so-called country risks into account through valuation multiples. Mr. Cooper says political risk can be forgotten in a bull market and is difficult to quantify. Mr. Cooper ranks gold producers he covers with country risk by reserves and production. The most at-risk company is High River Gold Mines. High River has assets in Russia and the West African country of Burkina Faso. Mr. Cooper says the least at-risk company is Meridian Gold. Meridian's sole producing mine is in Chile. A big question mark hangs over Peru. Two leftist Peruvian candidates will face off in a run-off presidential election on June 4. Barrick Gold, Teck Cominco and Falconbridge have operations or projects in Peru. Silver producers Pan American Silver, Silver Wheaton and Silver Standard Resources also have assets in Peru. PFC Energy analyst says most Peruvians want hydrocarbon laws reviewed. The high-risk/high-reward motto holds true in many instances, said Sprott Asset Management chairman Eric Sprott. © 2006 Canjex Publishing Ltd. best regards tanoose

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