These top golds are boosting production

Article Excerpt

EUROPEAN GOLDFIELDS $6.55 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 181.8 million; Market cap: $1.2 billion; No dividends paid) holds a 95% interest in Hellas Gold. Hellas owns three gold and base-metal deposits in northern Greece: the Stratoni zinc/lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property. European Goldfields also owns 80% of the Certej gold/silver project in Romania. The company has completed a positive feasibility study on Certej, and applied for environmental approval and a mining permit. In the three months ended September 30, 2009, European Goldfields’ revenue rose 5.8%, to $17 million from $16.1 million a year earlier. (All figures except share price and market cap in U.S. dollars.) The company lost $0.02 a share in the most recent quarter, compared to a loss of $0.03. It holds cash of $124.1 million, or $0.68 a share, and has no debt. The company started production at Stratoni in September 2005. It has now won preliminary…