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 >
Aurora Site Visit Reveals Future Upside
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ANDREW KAIP, BMO Capital Markets
(09/02/2009)
"Last week's site visit to the Aurora project in Guyana reveals several avenues for GUY to improve upon project economics outlined in the preliminary assessment. In the near term, plans to drill upward of an additional 36,000m through to the end of November are expected to have a material impact on feasibility engineering. . . .BMO Research models a staged development plan for Aurora beginning with an 8ktpd open-pit mine capable of producing +250koz of gold at US$350/oz cash costs. Upon depletion of open-pit potential, operations are expected to evolve into a 5ktpd underground operation that is expected to grow to a +300koz profile at cash costs around US$400/oz. BMO Research is maintaining an Outperform (Speculative) rating for GUY. The completion of the Preliminary Assessment further highlights Guyana's focused development strategy to begin gold production from the Aurora project in 2012." |
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