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Sila.ob, Gg, Abx, & Cmp: Gold American Is Mining Its Own Business

About Gold American Mining Corp (SILA.OB)


Gold American Mining Corp was incorporated in 2007 under the name of Silver America Inc. The company recently underwent a name change to Gold American Mining Corp on June 23rd, 2010. The company is engaged in exploration and acquisition of precious metals and mineral resource properties in United States. The company has also several international properties. Its main properties include Keeno Strike project in Clark County, Nevada and Guadalupe project located in Zacatecas State, Mexico.

When Gold American Mining Corp says that it believes that the vein system on its property in Guadalupe Mexico, has the potential to continue to much greater depths, shareholders listen. The company recently announced that its geophysics program on its Guadalupe, Mexico, property completed on July 20 confirmed that fact and that it foresees being in a position to start drilling very soon.

The precious metals exploration company is focused on the aggressive ongoing acquisition and exploration of holdings with rich gold and silver production potential. The Guadalupe property contains two historically significant mines and is located in one of Mexico's oldest mining districts, roughly five miles north of the Fresnillo (Proao) Mine, the world's richest underground silver mine, operated by Fresnillo plc. About 6.8 miles to the southwest of Silver America's Guadalupe Property, is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the world's highest grade undeveloped silver resources.

The Property contains greater than 20 known workings as well as two historic mines - Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both

mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980's.

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GOLDCORP INC. (TSX: G, NYSE: GG)

Goldcorp is a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Companys operating assets include the Red Lake, Porcupine and Musselwhite gold mines in Canada, Peasquito, Los Filos, El Sauzal, and San Dimas gold/silver mines in Mexico, the Marlin mine in Guatemala, the Marigold mine (67% interest) and Wharf mine in the United States and the Alumbrera mine (37.5%) in Argentina.

Goldcorp is North Americas fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

GOLDCORP INC. has recently reported increased gold production of 609,500 ounces for the second quarter which combined with higher realized gold prices to drive record operating cash flow of $382.6 million. Reported net earnings attributable to shareholders of Goldcorp in the quarter were $828.3 million compared to a net loss of $231.6 million in the second quarter of 2009. Adjusted net earnings1 were $198.8 million, or $0.27 per share, compared to $99.2 million, or $0.14 per share, in the second quarter of 2009.

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Barrick Gold Corporation (NYSE:ABX)

Barrick Gold Corporation is the gold industry leader, with interests in 26 operating mines and a pipeline of projects located across five continents, in addition to large land positions on some of the most prolific mineral districts.

Barrick Gold reported today that its Board of Directors has authorized a quarterly dividend of US12 cents per share, which represents a 20% increase from the previous dividend(1).

With Barricks strong financial position and its positive outlook on the gold price, the Company is able to continue to make high return investments in its project pipeline and at the same time increase its dividend. As the gold price has increased in the last five years, Barrick has increased its dividend by about 120%.

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Compass Minerals (NYSE: CMP)

North American Salt Company, a subsidiary of Compass Minerals (NYSE:CMP), announced the addition of a new, premium, pet-friendly product to its Safe Step family of ice melters. Sure Paws, an all-natural, fast-acting ice melter, doesnt irritate pets paws but melts ice down to minus 15 degrees Fahrenheit. Pets are an important part of families, so this extremely efficient product will keep residential driveways and walkways safe but is easy on pets paws and skin, said Jerry Bucan, vice president and general manager of NASCs consumer and industrial business.

CMP is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The company provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, ingredients used in consumer and commercial foods, and other mineral-based products for consumer, agricultural and industrial applications. Compass Minerals also provides records management services to businesses throughout the U.K.

Compass Minerals (NYSE: CMP) reports the following results of its second-quarter 2010 operations:

* Sales were up 12 percent over the prior-year quarter, reflecting stronger specialty fertilizer and U.K. highway deicing sales volumes and improved salt pricing, partially offset by lower specialty fertilizer average selling prices.

* Net earnings for the three months ended June 30, 2010, were $11.3 million, or $0.34 per diluted share, compared to $14.1 million, or $0.42 per diluted share, in the 2009 quarter. Excluding special items from the 2009-quarter results, net earnings were $17.1 million, or $0.51 per diluted share.

* Operating earnings declined to $18.4 million in the current quarter from $34.8 million in the second quarter of 2009, primarily due to lower average selling prices for sulfate of potash specialty fertilizers and the impact of reduced salt production.

* Second-quarter cash flow from operations increased $57 million over the prior-year quarter. For the six months ended June 30, 2010, cash flow from operations nearly doubled to $171.1 million from $88.3 million for the six months ended June 30, 2009.

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by: Blayne Sheffield
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