Bema Gold Corp. (BGO)

This gold mining company, one of our favourite stocks is up 14.69% since we recommended it and has just reported that Revenue increased to $50.8 million from $22.4 million.

The improvement is broadly attributed as follows:

1. The restart of commercial production at the Refugio Mine.

2. Higher gold sales at the Julietta Mine.

3. A $188-an-ounce increase in the average realized gold price to $606.

A pleasing set of figures from one of our portfolio with much more expected to come over the next twelve months or so.

15 August 2006