GOLDBUGS AMEX Goldbugs Index (GOLD)

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GSS (The dog wakes up)
Reports Q4 (Dec) earnings of $0.03 per share, $0.03 better than the Capital IQ Consensus Estimate of ($0.00); revenues rose 12.6% year/year to $118.8 mln vs the $118.54 mln consensus. Co is forecasting a 16-23% increase in gold production in 2012. The co expects total gold production to be in the range of 350,000-370,000 ounces, up from 301,000 ounces in 2011. Production at Bogoso/Prestea is expected to increase by 49-60% year-over-year, more than offsetting the expected decline at Wassa/HBB. Production from the oxide section at Bogoso/Prestea is expected to range from 60,000-70,000 ounces and the sulfide section from 150,000-155,000 ounces. Wassa is expected to produce 140,000-145,000 ounces.