Angel Gold production hotting up in cold Greenland

Angel Mining, the Greenland focused gold miner, saw its shares head to the heavens after announcing a further 16.1 kilograms of gold dor was successfully poured at its Nalunaq site earlier this week.

Gold dor is "poured" to make gold bars.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

The group's Chief Executive Nicholas Hall commented: "This is the latest step in our steady increase in production at Nalunaq. In December 2011, Nalunaq reached the important milestone of becoming cash generative. We look forward to this cash generation continuing to improve in line with production."

Over the last 12 months Angel's share price has dropped 50% although since December the stock has made a significant recovery, climbing from 0.8p per share to today's level of 2.98p (up 0.45p on the day).

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.