Take Advantage of The Gold Pullback

With the pull back in gold over recent days it makes for a good entry point. So right now might be a good time to look into a few companies that might be worth having stock in when the price correction ends and the uptrend gets back on track. Lets take a quick look at a few companies you may possibly want to do some homework on and eventually put some money into. Today we are going to focus on a few Canadian companies.

Alamos Gold Inc. (TSE:AGI)
http://www.alamosgold.com

The first company we will take a look at is Alamos Gold Inc. They are a company based out of Toronto  and are an exploration, mine development and mining company that specialize in the mining of precious metals, primarily gold. Their major operations are in Turkey and Mexico. Their main mine is called the Mulatos Project which is located in the east-central section of the State of Sonora, Mexico. It is approximately 300km from the US-Mexico boarder. At this mine not only are they extracting gold but they continue an exploration program within the Mulatos District in hopes of continual growth of the mine in the area. Within the Salamandra group of concessions (which the Mulatos deposit is within) they have a satellite system of prospective gold deposits that they hope to mine in the future.

This company looks like it is headed in the right direction with mining projects currently underway along with their exploration projects that are underway and that haven't even begun yet so the future looks bright and they are a company worth digging a little deeper with and could be worth investing in.

NovaGold Resources Inc. (AMEX:NG)
http://www.novagold.com

This company out of Vancouver with gold and copper-gold projects in British Columbia and throughout Alaska. All of their projects are still in the exploration, construction, and planning stages. Their assets include over 17 million ounces of gold reserves and over 12.7 million gold resources. They also have over 9 billion pounds of copper resources. They have been able to keep their discovery costs far below the industry standard for gold and seem to of set themselves up for a bright future.

With some more homework into the background of this company it could show their is great potential for this company in the future. They could be a great long term investment with the assets they still have in the ground and over the next few years will begin to cash those assets in and make them and possibly you a lot of money.

Yamana Gold Inc. (NYSE:AUY)
http://www.yamana.com

Yamana Gold is a fast growing company, it was founded in only 2003 and has quickly grown to having seven mines already producing and seven more in the developing stages. The Chapada mine is one of their biggest producers currently and is located in Brazil's northern Goias State. The mine has a life of another 13 years and is producing 1.7 million ounces of gold and 2 billion pounds of recoverable copper on an annual bases. They are currently working on plant optimization to increase efficiency and should be complete that within 2012 and would increase throughput to over 22 million tonnes per year.

The company also has a group of projects in the development stages and looks to be setting up for a great future. The company has gone from nothing to 14+ on going projects in under seven years so we should expect them to continue to grow.