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 >
RIO: Funding Received for La Arena
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SIDDHARTH RAJEEV, Fundamental Research Corp.
(05/20/2010)
"The company has entered into terms for a gold prepayment agreement in the amount of US$24.25 million. The US$24.25 million will be repaid by the delivery of 36,800 ounces of gold over a 40-month period from first gold production. The deal allows company to minimize dilution from project-related equity financing and avoid interest payments associated with traditional bank debt financing. The company anticipates the first ore to be placed on the leach pad in December 2010, with gold recovery starting in January of 2011. Production of 50,000 ounces of gold is projected for year one. On May 20, 2010, the company announced it has closed the first tranche of a private placement by issuing 10.10 million shares (at $0.75 per share) for gross proceeds of $7.51 million. We have maintained our BUY rating and fair value." |
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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.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
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"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >