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GLAMIS GOLD LMT, (GLG) Stock Research Free Stock Rating
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Glamis Gold, Ltd., through its subsidiaries, engages in the exploration and mine development, as well as the mining and extraction of precious metals, primarily gold. It operates San Martin, Marigold, and Rand mines in Nevada, California, and Honduras respectively. The companys development projects are El Sauzal Project and Cerro San Pedro Project in Mexico; Marlin Project and Cerro Blanco Project in Guatemala; and Imperial Project in California. The company primarily extracts gold from low-grade ores using open-pit mining with heap leach method. As of August 3, 2004, its gold production was 48,109 ounces. Glamis Gold was incorporated in 1972 under the name Renniks Resources, Ltd. It changed its name to Glamis Gold, Ltd. in 1977. The company is based in Reno, Nevada.
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