Orofino Gold Corp. (ORFG)
The strength of gold as a diversifier is due primarily to its negative correlation with other asset types. The market and economic forces that determine the price of gold are different from those that affect most financial assets, and are very often in direct opposition to them…in other words, its price tends to move in the opposite direction from U.S. stocks, Treasury bills and bonds. That not only makes it an effective diversifier…it also helps to reduce portfolio risk.
Gold is easily convertible to cash. Gold can be readily bought and sold 24 hours a day, and trading spreads are narrow…in fact, bid/offer spreads are similar to the spreads on stocks. Gold is a very Private Investment.
Gold purchases are not subject to mandatory government reporting like stocks, interest and real estate. And, you can incorporate gold American Eagles into your IRA or SEP account.
Orofino Gold Corp. (ORFG) is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino Gold Corp. (ORFG) objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. recently announced that it has requested Sepro Systems Corp. to assist in the design criteria to improve environmental sensitivity and maximize yield production and recoveries as it begins development at its Culo Alzado mine site in Sur de Bolivar, Colombia.
Canadian-based Sepro Systems Corp. is a leading supplier of state-of-the-art, environmentally sensitive mineral processing equipment for projects worldwide.
Recent permitting issues for Colombian based Gold projects due to environmental concerns from the Colombian government have made sustainable and environmentally conscious mining programs a top priority for many of the region's mining companies. Orofino's directors and management feel taking steps to ensure sustainability from the beginning of its exploration process is part of the company's responsibility to the local population and government. These steps will also better position the company for long-term development of its concessions thanks to a decreased environmental impact.
In addition to positioning Orofino for environmentally sustainable growth, installing Sepro equipment at its Culo Alzado mine site will also dramatically improve recoveries of minerals from current workings. Orofino intends to install new, state-of-the-art crushing, milling, and recovery systems in order to begin a regular sampling program as laid-out by the company's Qualified Person as described in the National Instrument 43-101. This equipment will enable Orofino to generate regular, up-to-date metallurgical and geological reports, improving knowledge of the composition of the producing concessions and increasing investor confidence.
For more information please visit official website of ORFG: http://www.orofinogoldcorp.com/
Deutsche Bank AG (NYSE:DB) announced its appointment as depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of NetQin Mobile Inc. (NetQin). Headquartered in Beijing, China, NetQin is a leading provider of consumer-centric mobile Internet services focusing on security and productivity. NetQin was one of the first companies to recognize the growing security threats targeting smartphone users and is now a leading SaaS-provider of consumer-centric mobile security and productivity services, serving both greater China and global clients.
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services.
Intrepid Potash, Inc. (NYSE:IPI) announced first quarter 2011 financial results, with net income for the first quarter of $28.3 million, resulting in $0.38 of earnings per diluted share, which included the recognition of $0.10 per diluted share of income, net of tax, associated with deferred insurance proceeds. Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA1) for the first quarter of 2011 were $55.8 million.
Intrepid Potash, Inc., together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride, and langbeinite under the Trio brand name primarily in the United States.
Packaging Corporation of America (NYSE:PKG) announced that its Board has approved a regular quarterly dividend of $0.20 per share on its common stock. The quarterly dividend of $0.20 per share will be paid to shareholders of record as of June 15, 2011 with a payment date of July 15, 2011. Future declaration of quarterly dividends, and the establishment of future record and payment dates, is subject to the final determination by PCA's Board of Directors.
Packaging Corporation of America produces containerboard and corrugated products in the United States.
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