Sino Gold (fka SIOGF)

[klemons]

The presentation slides of the Dec 07 Quarterly report are here,

http://www.sinogold.com.au/newsite/Docs/PDF/SGX_Dec_07_QR_Pres_Final.pdf

My favorite slide is the last #21 that shows the growth pipeline for the next 3 years. With the commissioning of the Jinfeng mine this year they have the exerience now to bring these new projects on line more efficiently and at better cost per oz. The average cost per oz for the top gold producers is over $500oz and Sino is at $300oz and falling to the target price of $250.
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Here is a report from Bloomberg News

Sino Gold Fourth-Quarter Output in China Increases (Update1)

By Jesse Riseborough

Jan. 24 (Bloomberg) -- Sino Gold Mining Ltd., the owner of China's second-largest gold mine, said fourth-quarter output of the precious metal from its Jinfeng site gained.

Output was 32,186 ounces in the three months ended Dec. 31, more than double the previous quarter, the Sydney-based company said today in a statement to the Australian Stock Exchange. The mine is forecast to produce between 170,000 and 190,000 ounces at a cost of $300 an ounce this year, it said.

Sino Gold plans to build three more mines in China to raise total output to 500,000 ounces a year to take advantage of a seven-year rally in gold prices. Chief Executive Officer Jake Klein this month forecast a return to profit in 2008 as output from Jinfeng increases.

Construction at its second mine, the $55 million White Mountain project, is on schedule and within budget, the company said today. First output is expected in early 2009, it said.

Sino gained A$1.09, or 17 percent, to A$7.50 yesterday on the exchange.

To contact the reporter on this story: Jesse Riseborough in Melbourne at [e-mail]

Last Updated: January 23, 2008 17:32 EST
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I manage several family accounts and this stock is in all of them right now. I have buys at 4.50, 4.85, 5.00, and 5.50.
Hoping for a pop over the next couple days from this positive report.