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 >
Detour Lake: Pre-Feasibility Project Economics Look Good
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Precious Metals Weekly (02/16/2010)
"We reiterated our SPECULATIVE BUY rating and C$22.50 target price on Detour Gold ahead of the final feasibility study on the Detour Lake project (expected in April). Recent discussions with management have highlighted the potential for improvement over the pre-feasibility project economics, including the potential for 10%–20% reserve additions and a 10%–15% throughput increase, advancing the construction timeline, and potential capital cost savings. While we do model the potential upside for a 20% expected reserve addition and a 12.5% throughput increase, the potential for advancing the construction timeline and capital cost savings could improve project economics. More importantly, the delivery of the feasibility study by as early as April may provide the opportunity to derisk our valuation (i.e., lower discount rate) and raise our target multiple. All else being equal, the potential lift to our target price could be from C$22.50 to C$32.25." |
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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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