Business news for SILA, GOLD, and SLW

Business news for SILA, GOLD, and SLW

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Gold American Mining Corp. (OTC:SILA) is pleased to announce that Cohen Independent Research Group, Inc., the Investor Awareness Industry’s Research Firm of Choice, in a new report, has upgraded its Cohen Price Target on the Company from .16 to .31. The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the DCF valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.

SILA is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.

Randgold Resources (Nasdaq:GOLD) recently discovered a world-class gold deposit at Gounkoto in western Mali confirms the region’s potential for further finds of this size. Gounkoto is located 25 kilometres south of Randgold’s Loulo complex, currently being expanded into a megamine with two open-pit and two underground operations. The feasibility study on Gounkoto is scheduled for completion by the end of this year, and Bristow said at this advanced stage all indications pointed to a substantial high-grade orebody with relatively simple metallurgy, capable of being converted into a low-cost, long-life open pit and underground mine.

Bristow noted that since its establishment 15 years ago Randgold Resources had been built into a substantial African business which had attracted investment from the world’s primary capital markets into the development of Africa’s mineral resources. The company also owns the Morila mine in Mali and is currently commissioning a new mine at Tongon in the Côte d’Ivoire. It also has a 45% stake in the Kibali project in the Democratic Republic of Congo, one of Africa’s largest undeveloped gold deposits.

GOLD is an African focused gold mining and exploration company with primary listings on the London Stock Exchange and Nasdaq. Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 3 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d’Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.

Silver Wheaton Corp. (NYSE:SLW) is pleased to announce that, as reported by Goldcorp Inc. in a press release, the second sulphide processing line at Goldcorp’s world-class gold-silver-lead-zinc Penasquito mine in Zacatecas, Mexico, has achieved mechanical completion ahead of its previously expected third quarter completion date.

SLW is the largest silver streaming company in the world. Forecast 2010 production, based upon its current agreements, is 22.2 million ounces of silver and 20,000 ounces of gold, for total production of 23.5 million silver equivalent ounces. By 2013, annual production is anticipated to increase significantly to approximately 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver equivalent ounces. This growth is driven by the Company’s portfolio of world-class assets, including silver streams on Goldcorp’s Penasquito mine and Barrick’s Pascua-Lama project.

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