The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
AGD: Exploration/Production Savvy and Financial Muscle
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Morning Notes (05/04/2011)
"Numerous Canadian juniors are chasing the dream of making the next multimillion-ounce precious metal discovery in Colombia. One in particular with the exploration and development team, land package and geopolitical forces all moving in its favor is Antioquia Gold, which is currently focusing its exploration efforts on its Cisneros property, of which it owns 100% (except one concession where it owns 90%). In 2010, the company drilled 13,000m of core totaling 79 holes. Gold mineralization was encountered in all but two holes—a significant drill result in itself. Additionally, a new structure was delineated in the Guayabito property that was traced over roughly 150m along strike and 325m depth. . .adding roughly 100m more depth to the target than previously known [and] offering additional discovery upside. The most significant positive for AGD shareholders, though, isn't the size of its land package properties—it's the strategic relationship Antioquia has with Desafio Minero S.A.C., the exploration arm of Consorcio Minero Horizonte S.A.—the fifth-largest gold producer and the second-largest underground gold producer in Peru with gold production of ~200 Koz./year. We expect the price of gold to continue its upward trajectory in the near term and company like AGD, which is highly levered to the gold price, should benefit accordingly. Additionally, a large and mostly unexplored land package AGD owns furthers our thesis that the company is exploring for the right metal in the right place at the right time. The exploration and geological expertise Desafio brings to the table can help make this a reality—rewarding shareholders in the process. Additionally, the exploration and production savvy, plus the financial muscle are the main reasons we like Antioquia Gold as an investment." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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