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 >
Exceptional Cash Flow from Cerro Corona Coming Soon
|
LEON ESTERHUIZEN, RBC Capital Markets
Miningmx.com (11/13/2008)
"...RBC equity analyst Leon Esterhuizen said: “The current financial crisis has delivered the perfect conditions for gold to rise over the next year or two.” He also put buy recommendations on the three major South African gold producers - AngloGold Ashanti, Gold Fields and Harmony - as well as on some of the country’s junior producers... That’s despite the underperformance of these shares over the past three years during which, according to Esterhuizen, “massive cost increases and persistent failure to deliver against production targets have seen these gold shares shunned.” Esterhuizen said: “We expect the major SA gold producers to have finished restructuring at the end of 2008 and to be looking forward to a period of decent profit growth, much of which will be delivered from low-cost, offshore assets. “The right and ready state of the companies is compounded by what we see as the most optimistic background for gold price appreciation in a very long time. “The combination of a weaker US dollar, a strong possibility of a higher oil price and the potential for further rand weakness over an asset base that is just getting ready to deliver good results delivers a real potential for explosive increases in profitability and, hence, higher share prices,” he said. Esterhuizen also pointed out that, after years of high capital expenditures, most of the majors were now indicating lower, near-term capital expenditure profiles... He added that Gold Fields should have fixed the problems at Kloof and started delivering exceptional cash flow from Cerro Corona..." |
PRINT THIS PAGE
EMAIL THIS PAGE
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.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >