This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Gold Mining Stocks Under $5

Great Basin Gold is engaged in the acquisition, exploration, development and trial mining of precious metal deposits within two material projects -- Hollister gold project and the Burnstone gold project, which is at the trial mining stage. All the analysts covering the stock recommend a buy, with consensus estimates indicating a 59.8% potential upside over the coming few months. The stock was trading at $2.69 Friday morning.

For the fourth quarter, the company's Hollister gold project reported a production increase of 31,000 gold equivalent ounces, compared to 11,000 ounces in the third quarter. Cash costs fell 20% to $680 per ounce from the earlier quarter. On an average, daily production at Hollister has increased to 325 tons from the initial 275 tons.

As per a research report, MLV estimates Great Basin to report fourth-quarter net income of C$1.9 million, as opposed to a loss of C$0.7 million in the year-ago quarter. Average metallurgical recovery at the Burnstone gold project stands at 86% and is likely to reach 95% as the plant ramps up and higher-grade material is processed. The company expects to reach commercial production by the end of January 2011. During the first quarter of 2011, GBG will recognize the revenue for the 3,500 gold equivalent ounces delivered to the refinery during 2010.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
RBY $1.11 0.00%
RIC $3.27 0.93%
BRD $0.00 0.00%
GBG $0.00 0.00%
AAPL $126.87 -1.30%


DOW 18,138.83 +41.93 0.23%
S&P 500 2,100.61 +2.08 0.10%
NASDAQ 4,981.8360 +14.6950 0.30%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs