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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	6/25/2013 8:49:04 AM
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GG Goldcorp's Penasquito Mine Files Claim Goldcorp Inc. ( GG) announced that one of its mines, Minera Penasquito, filed a claim in the First District Court in Zacatecas that resulted in temporary suspension of an agrarian court ruling. According to the agrarian court ruling, Cerro Gordo Ejido has claimed its rights over 600 hectares of land located in Mazapil, Mexico and also within the confines of the Penasquito mine site which was leased by Goldcorp for the Penasquito mine. Cerro Gordo Ejido has leveled charges of deception and forgery against Goldcorp. The ruling has ordered Goldcorp to return the land to Cerro Gordo Ejido for the payment of 2.4 million pesos ($181,241) and nullified Goldcorp’s lease. Before the construction of the mine, Minera Penasquito had negotiated an agreement for the use of the land, which is fair and based on surface valuations in Mexico, and similar dialogues were held at Penasquito and other mining operations...more finance.yahoo.com Goldcorp currently carries a Zacks Rank #3 (Hold). Other companies in the mining industry with favorable Zacks Rank are Brigus Gold Corp ( BRD), Lake Shore Gold Corp. ( LSG), and Claude Resources, Inc. ( CGR). While Brigus Gold retains Zacks Rank #1 (Strong Buy), Lake Shore andClaude Resources retain Zacks Rank #2 (Buy).

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