Gold Prices Struggles to Maintain Upwards Momentum
The Paragon Report Provides Stock Research on New Gold Inc. and Yamana Gold Inc.

NEW YORK, NY -- (Marketwire) -- 04/04/12 -- After a positive start to the year, gold mining stocks have been dropping as of late. The Market Vectors Gold Miners ETF (GDX) over the last month is down more than 4 percent. An improving U.S. economy has got investors looking elsewhere. The Paragon Report examines the outlook for companies in the Gold Industry and provides investment research on New Gold Inc. (NYSE: NGD) and Yamana Gold Inc. (NYSE: AUY).

Access to the full company reports can be found at:
www.paragonreport.com/NGD
www.paragonreport.com/AUY

Gold prices recently have been in a struggle to maintain upwards momentum, which is currently down roughly 12 percent from its record high of $1,900. "Gold is also lacking sufficient investment enthusiasm to be able to sideline the physical market as it did earlier in the year thus, in turn, prices are struggling to gain momentum," said Barclays.

The improving U.S. economy has also clouded the future for gold. "The wider macro environment is generally improving... so I think that's creating some headwinds, and also the European banking crisis settled down, so there's less need for safe haven of gold at this point," Standard Chartered analyst Daniel Smith said.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Gold Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

New Gold Inc. recently announced the pricing of its private offering of $300 million aggregate principal amount of 7.0% Senior Notes due 2020. The offering is expected to close on or about April 5, 2012. New Gold intends to use the net proceeds of the Notes to fund the redemption of its 10% Senior Secured Notes due 2017 and for general corporate purposes.

Yamana Gold Inc. reported revenues of $569 million in the fourth quarter were 6% higher compared with $535 million in the same quarter of 2010 mainly due to higher realized prices for gold and silver and increased sales of copper pounds. Higher revenues also contributed to record mine operating earnings of $297 million in the quarter, compared with $273 million in the fourth quarter of 2010.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.paragonreport.com/disclaimer

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