Hemisphere Gold Inc. – The Great Gold Rush 2007 Style
Hemisphere Gold, Inc. – HPGI – Stock Guru Profile
Gold Continues to be a Classic Safe Haven.
GFMS Ltd , a precious metals consultant, has released its latest Gold Survey 2007, in which it notes that worries over high oil prices and inflation might resurface should the United States decide to ratchet up the pressure on Iran. GFMS Chairman Philip Klapwijk noted in a statement which accompanied the 40th annual report that he believed that it appeared to be a certainty that the record in terms of the annual average, $614.50 (an ounce) back in 1980, will be exceeded this year.The average gold price was $603.77 an ounce last year. The report noted the gold market was dominated by institutional players and high net worth individuals.
Spot gold was quoted at $673.30/673.80 by 1556 GMT on Wednesday, up 6.6 percent from the end of 2006. Prices hit a nine-month high of $689 in late February, near a 26-year peak for the spot price of $730 in May last year, according to Reuters charts.
Gold often moves in the opposite direction of the dollar and is generally seen as a hedge against oil-led inflation.
Global mine production fell 3 percent to a 10-year low of 2,471 tons in 2006, with the maximum fall recorded in Asia despite China lifting output by 8 percent. GFMS forecast world production rising between one and two percent in 2007.
Hemisphere Gold has received some assays on the deep auger sampling program from its mine in the new gold producing area of Suriname, South America. This area of Suriname is already considered to be highly desirable in terms of gold production.
Source: Hemisphere Gold and GFMS Ltd
3504 35th Ave SW
Calgary, Alberta T3E IA5 Canada
IR Contact: Barry Reagh
Phone: (888) 548-8444
Email: ir@hemispheregold.com
Website: http://www.hemispheregold.com
About Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world’s best gold districts. The Company’s objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company’s flagship property is in Suriname, a democratic country which has had mining operations since the 1700s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.
This release may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company’s financial condition and prospects, risks associated with mining exploration, risks of governmental legislation and regulation, risks associated with technological changes, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition.
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Pentony Enterprises LLC, the publisher of this website, was compensated 12,000 U.S. dollars by Haynes Capital Corp. Slovakia s.r.o. (hereinafter “Haynes”) for preparing and hosting the information contained on this website. Ocean Eclipse Ltda. (hereinafter “Ocean”), a corporation organized under the laws of Costa Rica paid Haynes 60,000 U.S. dollars to produce and distribute a financial newsletter and to publicize the gold industry and Hemisphere Gold Inc. (”HPGI”), a Nevada corporation, using one or more websites. Haynes has not received any information indicating that Ocean owns any shares of HPGI. In addition, on March 29, 2007, Haynes entered into a contract with HPGI under which Haynes shall perform media relations and awareness consulting services for HPGI and HPGI shall pay Haynes 3,000 U.s. dollars per month. The term of this contract is 3 months and shall be automatically extended for 1 month terms until terminated by either party.
Haynes does not own any common shares of HPGI and does not intend to purchase or sell any common shares of HPGI in the immediate period following the publication of information pertaining to HPGI on this website. However, because Haynes received compensation for assisting HPGI engage in media relations and awareness marketing, and HPGI has in turn received compensation from Haynes, there is an inherent conflict of interest in any statements and opinions contained in this website and such statements and opinions cannot be considered independent.