BNET Industries
Last Fiscal Year Sales:$250.5K
- Public
- US
Dow Jones Description
US Gold is a United States based company engaged in the exploration of gold primarily in Nevada and Mexico. The Company's head office is located in Denver, Colorado and its common stock is listed on the American Stock Exchange (AMEX) and the Toronto Stock Exchange (TSX) under the symbol "UXG". The Company has large land positions, a strong treasury, good share liquidity and the potential upside of a junior exploration company. Rob McEwen is Chairman and CEO of US Gold. Since July 2005, when McEwen became the Company's largest shareholder, US Gold's land position within Nevada's Cortez Trend has grown from 36 to 170 square miles. Previously, McEwen was the founder and former Chairman and CEO of Goldcorp Inc., where it's Red Lake Mine in northwestern Ontario, Canada is still considered to be the richest gold mine in the world. During his tenure at Goldcorp, McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from US $50 million to approximately $8 billion. The Cortez Trend is part of the Battle Mountain-Eureka Gold Belt that includes Barrick's property (35 million ounces of gold) and the Ruby Hill mine (4 million ounces) to the south. US Gold's merged properties on the Cortez Trend sit 10 miles south of Barrick's recent Cortez Hills discovery. ...
Number of Employees 60
Peer Companies
NAICS Code Gold Ore Mining: 212221
News & Analysis
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us gold corp. - All News and Analysis
A Brief Primer on Choosing Gold Stocks
Moses Kim submits:Now that a generation of stock gains has been wiped out by the Big Bad Bear Market of 2008, investors are more skeptical than ever of bull market hype. Let's face it, in a bear market most stocks go down. Nonetheless, I believe there is a huge bull...
Interview with U.S. Gold's Rob McEwen: 'Gold Will Start Shining Again'
The Gold Report submits: Legendary mining executive Rob McEwen has been associated with the resource industry for 29 years. Currently Chairman and CEO of U.S. Gold Corporation UXG and Lexam Explorations, he was the founder and former Chairman and CEO of Goldcorp Inc. GG. Rob followed his father into...
No Renewed Bull Phase for Metals Miners Just Yet
Bill Cara submits: The Physical Platinum Exchange Traded Commodity [ETC] [LSE:PHPT] fell -30% in the week to Aug 17. This data may be of interest. Stephen Jen, currency specialist at Morgan Stanley has issued an excellent report (“My Thoughts on Currencies”) dated Aug-18. Here is the summary, making many...
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