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 >
CGC Completes Stock Split, Lists on NYSE-AMEX
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ADAM GRAF, Dahlman Rose & Co.
(02/02/2010)
"Completion of 4 for 1 Reverse Stock Split—Capital Gold Corp. reported the completion of a reverse stock split effective Jan. 25th 2010 Listing on NYSE-AMEX—The company announced that it has been authorized to list its common shares on the NYSE AMEX stock exchange, effective Feb. 2, 2010. Additional Crushing Plant & Leach Pad Operational; Increased Production Expected—CGC noted that an additional crushing/screening plant and a new leach pad will increase production at the company's El Chanate mine in Sonora, Mexico 2010 Outlook—Capital Gold expects to continue to test exploration targets, including the Saric 'El Oso' concession near their current property; they also expect to replace depleted reserves with a drilling campaign in 2010. Additionally, the company expects to produce a new mine plan with a 'super-pit' option due to prevailing gold prices. The company is also investigating the addition of a fourth crusher to improve recovery rates, currently around 60%. El Chanate currently contains 1.5 million ounces of Proven and Probable reserves at a grade of 0.019 oz/ton; Measured and Indicated resources of 69,000 ounces of gold at a grade of 0.013 oz/ton and 157,000 ounces of Inferred resources at a grade of 0.02 oz/ton as of April 8, 2009 and based upon $800/oz gold. The Company also received silver credits of approximately $1 million in 2009." |
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