Category: Investor’s Corner

VANCOUVER, BRITISH COLUMBIA–(March 10, 2011) – Goldgroup Mining Inc. (TSX:GGA) (“Goldgroup” or the “Company”) is pleased to announce that it has closed its previously announced offering of 28.75 million common shares (which includes the exercise in full of the over-allotment option of 3.75 million common shares) at a price of Cdn$1.40 per share (the “Offering”) for aggregate gross proceeds of Cdn$40.25 million. Dahlman Rose & Company, LLC and Canaccord Genuity Corp. acted as joint book-running managers for the Offering. Jennings Capital Inc. acted as co-manager for the Offering. Dahlman Rose & Company, LLC only conducted sales into the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any state securities laws and may not be offered or sold in the United States, absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

There are beginning to be a lot of frustrated investors right now. The turmoil in the Middle East has reintroduced volatility and uncertainty to stocks. There steady march upward on a sea of liquidity provided by the Federal Reserve is now in doubt. Energy and oil stocks began to work for a while but it seems as if the market is anticipating a pullback when tensions ease. The rise of gasoline and energy prices has put into question the record profit margins of corporate America. The normal flight to safety US Dollar has been sinking to new lows. US T bonds have done all right but that market is so distorted by Fed buying who can trust it.

Nearly $10 billion in gains came from two successful spinoffs from Slim’s Grupo Carso conglomerate. In January, Carso spun off Mineras Frisco, a mining play now worth $7.9 billion to Slim; and Inmuebles Carso, a real estate investment company that added $1.95 billion to his net worth. Both trade on the Mexican stock market. (All of this figuring was done using stock prices and exchange rates from February 14, 2011, and comparing them to prices we used for the 2010 World’s Billionaires list from February 12, 2010.)

Many traders and investors consider copper to be a leading indicator for the stock market. The legendary trader, Jesse Livermore, used to say that a strong copper market was a sign of a strong stock market. When copper declined sharply it was a sign a weak stock market ahead. Today, many of the leading copper stocks are trading sharply lower.

Scorpio Mining Corporation (SPM.TO) went up by more than 4% to $1.19 with more than 1.1 million shares traded on Wednesday afternoon after reporting an updated mineral resource and reserve estimate below the 4750 level at its Nuestra Senora mine in Sinaloa State, Mexico.

Toronto, March 9, 2011: Gammon Gold Inc. (“Gammon Gold”) (TSX:GAM) and (NYSE:GRS) is pleased to announce that the Company?fs audited year?]end financial results for the period ended December 31, 2010 will be released before the market opens on Monday, March 28, 2011. The financial statements will be available on the Company?fs website at www.gammongold.com or www.sedar.com.

Endeavour’s shares have dropped after reporting a decrease of 19% in proven and probable reserves for a total of 13.4 M oz silver between the company’s two Mexican mines, Guanacevi and Guanajuato. However, the indicated silver resources were up 16% at 27.4 million oz and indicated gold resources were up 53% at 182,000 oz. It will be critical to Endeavour’s success to extend the mine lives by replacing the mined ore with more proven reserves, hence Endeavour plans to spend $9.2 million on exploration and drilling in Mexico this year while simultaneously increasing production rates at the two mines.

Chesapeake Gold is looking for a partner for their world-class Metates Silver-Gold project in Durango, Mexico

Shares of Freeport McMoRan Copper and Gold Inc (FCX) saw unusually high trading volume on Thursday. Approximately 18,930,470 shares changed hands during mid-day trading, an increase of 1.82% from the previous session. The stock last traded at $47.86.

The Toronto stock market was negative Wednesday as worries about how rising energy costs will affect the global economy punished mining stocks while crude oil prices again headed higher.