DALLAS, March 23, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring gold mining company Bonanza Goldfields Corp. (OTCBB:BONZ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/BONZ
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Bonanza Goldfields Corp. (BONZ) acquires, explores and develops natural resource properties in the United States, primarily in Arizona. The Company owns 320 acres of two unpatented mineral properties in Maricopa County, Arizona where high-grade gold, silver, lead and zinc deposits have been identified.
In the report, the analyst notes:
"The Company owns and operates gold mining operations within the United States, a jurisdiction with a reputation of political stability and relatively favorable mining laws. Jurisdictional climate contributes highly in professional investors' interest in any gold mine. Multiple incidents of mine confiscations and other disruptive government-sanctioned activities, including political turmoil, affect mine production, or outright mine ownership, have hurt mining share values over the years.
"Gold analysts expect the gold price to remain above $850 per ounce for the remainder of the year, with some high-profile analysts expecting a full-blown breakout of the $1,235 level to $1,300+ by year-end. The Company offers leverage to the gold price; so as the price of gold rises, well-run and profitable mines typically rise at a faster rate than the underlying commodity. Additionally, professional investors and money managers typically purchase mines in production during this early stage of the gold bull market. Nearly 30 years ago, the price of gold in U.S. dollars reached an intra-day high of $895."
To read the entire report visit: http://www.beaconequity.com/i/BONZ
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