Orofino Gold Corp. - (OTC:ORFG) is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The company plans to drill its first gold prospect in the first quarter of 2010. ORFG will open field offices in both Mexico and Colombia to take advantage of the local knowledge and cost effective talent pool.
Orofino Gold Corp. is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
The opportunity looks like this
Orofino Gold Corp. with 1 million ounces; the share price would be with (80,000,000 shrs out) 1 million ounce at a conservative $1,000 = $1 billion divided by 80 million shares = $12.50/share (Orofino has only 60,000,000 shrs. outstanding now)
2 million ounces (100,000,000 shares) = $2 billion divided
by 100,000,000 = $20/share
4 million ounces (110,000,000 shares) = $4 billion divided
by 110,000,000 = $36/share
It is reasonably believed that the five plus high grade producing gold targets will produce 1+ million ounces each and with silver and copper credits the formulae above would be conservative.
Please visit www.orofinogold.com
Kinross Gold Corporation - (NYSE:KGC), together with its subsidiaries, engages in the gold mining and related activities. The company also involves in the exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ores, and reclamation of gold mining properties. Its gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador, and the Russian Federation. As of December 31, 2009, its proven and probable mineral reserves were 51.0 million ounces of gold, 102.9 million ounces of silver, and 2.9 billion pounds of copper.
Production(1) in the first quarter 2010 was 544,134 gold equivalent ounces, an increase of 3% over the same period last year. Consistent with previously stated guidance, the Company remains on track to produce approximately 2.2 million attributable gold equivalent ounces in 2010.
Revenue for the quarter was $657.6 million, compared with $532.7 million in the first quarter of 2009, an increase of 23%. The average realized gold price for the quarter was $1,065 per ounce sold, compared with $897 per ounce sold in Q1 2009, an increase of 19%.
Continue your research here: http://www.kinross.com
Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.