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 >
Raymond James Initiates Coverage on Aurizon
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FORBES GEMMELL, Raymond James
(10/22/2009)
"We are initiating coverage of Aurizon with a MARKET PERFORM rating and C$6.00 target price. We believe Aurizon's shares will be well supported by continued steady operating results at its Casa Berardi mine, however we believe upside from current levels will be limited until there is greater clarity on the economics of its Joanna project and in the absence of an accretive acquisition to boost its production profile. We expect annual production at Aurizon to average around 160,000oz over the next couple of years. Beyond this, its Joanna project could potentially add 80–100,000oz of annual production (we assume 2012 startup). The prefeasibility study for Joanna is expected to be out in the fourth quarter and should provide greater clarity on the production potential of the property." |
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