Taylor says buy San Gold

San Gold Corp (C:SGR)
Shares Issued 309,239,175
Last Close 4/28/2011 $2.89
Friday April 29 2011 - In the News

Jay Taylor in the April 18, 2010, edition of Gold, Energy & Tech stocks tells readers to buy San Gold Corp., recently $2.82. Mr. Taylor said buy six times from Oct. 16, 2006, to Oct. 15, 2010, at prices ranging from $1 to $3.39. Assuming a $1,000 investment for each buy, the $6,000 investment is now worth $11,812. Investors have been slightly disappointed because San Gold has been missing its production targets. Mr. Taylor explains he has learned over the last few decades that "disappointments and delays in performance in the mining industry" are not uncommon. San Gold came close to its goal at last in the first quarter, producing 14,690 ounces (the guidance was 15,000). Output would have been greater had a cone crusher not broken down and had San Gold milled all its stockpiled ore. Mr. Taylor notes the mill head grade has increased almost two grams per tonne to 7.1 g/t, and recovery is at 93 per cent. The editor says the Q1 output signals a potential turnaround for San Gold, and so does the appointment of George Pirie as president and chief executive officer. Mr. Pirie was CEO of Placer Dome Canada Ltd. With him, San Gold aims to produce between 20,000 and 25,000 ounces per quarter in 2011.

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