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 >
Resuming Coverage of GUY
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DANIEL EARLE, Newcrest, TD Securities
(01/26/2010)
We are resuming coverage of Guyana Goldfields following the completion of an offering of common shares. The company sold 10 million common shares at a price of $6.95/share for gross proceeds of $69,500,000. The funds raised are expected to be used to further the definitive feasibility study of the company's Aurora property, continue exploration of the Aurora and Aranka properties and for general corporate purposes. . . .We believe that drilling at the company's prospective Aranka property could result in the discovery of a significant gold occurrence. With initial drill results from the property forthcoming, we expect this may serve as a significant near-term catalyst for the stock. We anticipate the following developments over our 12-month target price horizon:
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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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