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 >
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ANDREW MIKITCHOOK, GMP Securities
(02/02/2010)
"The [F2] shaft deepening at Phoenix is now at 305m, and is expected to reach the exploration cross cut level at about 350m depth by March 2010. This will be followed by 750m of lateral development to be completed by September 2010. Exploration is ongoing with three rigs underground and two rigs on surface. Management also highlighted that they will apply for mining-related permits during the year, and they expect to have most in place by 1Q11 when a development decision for Phoenix is expected to be made. In our opinion, the aggressive 2010 exploration plan and lining up of necessary mining permits ahead of 2011 should position the company well for production in the near term. . . .We are raising our 12-month target price to US$6.00 (from US$5.50) and maintaining our Overweight rating." |
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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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