Capital Gold Corp. (CGC.TO) Announces Net Revenue Gain of 29% from Previous Quarter
QualityStocks (July 9th, 2008) Writes:
Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are likely.
Capital Gold Corp., a gold production and exploration company, works to extract gold from its El Chanate gold property in northern Mexico. Positive recent news has found that a former partner company has decided not to exercise its one-time “back-in option†for this mining property - allowing Capital Gold to move forward with future plans.
The company appears to have a fairly stable operation running with its El Chanate gold property. An average monthly output of 4,200 oz. has enabled the company to assess its position and make plans. Organic growth is the key element of
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