DALLAS, Oct. 28, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring precious metals mining company Goldspring Inc. (OTCBB:GSPG). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The investment report on Goldspring Inc. (OTCBB:GSPG) should be of particular interest to mining companies: Colorado Goldfields Inc. (OTCBB:CGFIA), Pacific Rim Mining Corp. (AMEX:PMU) and Teck Resources Limited (NYSE:TCK).
It is available at: http://www.beaconequity.com/i/GSPG
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Goldspring Inc. (OTCBB:GSPG) engages in the business of mining precious metals in the Nevada, United States. The Company holds claim to various underlying royalties in the Silver City and Comstock mining districts, Storey County and Lyon County, Nevada, USA. Founded in 2003, the Company is headquartered in Virginia City, Nevada.
Message Board Search for GSPG: http://www.boardcentral.com/boards/GSPG
In the report, the analyst notes:
"Gold analysts expect gold's direction during this protracted credit crunch and insolvency issues in the financial sector to point higher. The oil price relative to spot gold remains as one of the principal considerations of gold/silver mining investors. Oil's relatively low price in relation to spot gold allows mining companies to make a profit, as lower oil input costs raises operating margins and earnings potential.
"Record oil prices without significantly higher precious metals prices hurt miners. As the ratio of gold to oil reached all-time lows at nearly 6:1 in the summer of 2008, miners' costs of extracting and processing precious metals eventually closed many mines operating at relatively high costs. The ratio has since expanded to approximately 14:1, giving many more precious metals miners much better operating margins and earnings power."
To read the entire report visit: http://www.beaconequity.com/i/GSPG
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