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 >
Fundamental Research Initiates Coverage of Rio Alto
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SIDDHARTH RAJEEV, Fundamental Research Corp.
(01/14/2010)
"Rio Alto Mining Limited is a TSX Venture listed junior exploration and mining company focused on developing the La Arena project in Northern Peru. The La Arena project currently holds an indicated resource in oxide gold cap of 58 Mt grading 0.49 gpt. Copper/gold sulphide resources in underlying porphyry bodies are: 220 Mt indicated grading 0.36% Cu and 0.27 gpt Au; 170 Mt inferred grading 0.32% Cu and 0.22 gpt Au. The company is targeting production from the oxide gold cap by Q4-2010, at a per annum production rate of 50,000 ounces, to be upgraded to 100,000 oz/year by year two. Three key positives of the company are: low political risk and positive mining sentiment in Peru, potential for near-term gold production and experienced management. In November 2009, the company completed a $6.14 million private placement, by issuing 17.04 million shares at $0.36 per share. . . .based on our review of the company's projects, and our valuation, we initiate coverage on RIO with a BUY rating, and a fair value of $1.69 per share." |
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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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