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 >
AVR: An Inexpensive Gold Producer
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ERIC ZAUNSCHERB, Canaccord Genuity
(01/29/2010)
"The attraction toward Avion Gold Corp. lies in management’s plans to upgrade production efficiency and throughput at its Segala and Tabakoto mines, thereby improving company value and reducing the considerable discount the company trades at relative to its peer group. Toward that end, the company recently increased its total Measured & Indicated mineral resources by 18%, to 1.43 million ounces at a grade of 3.71 g/t Au. Avion also completed the acquisition of an Inferred mineral resource, estimated at 324,000 oz Au, grading 3.92 g/t. These resources form the basis of the company’s goal to eventually increase production to 200,000 oz Au per year, which we have Avion doing by 2013. . .The 113% projected return continues to justify a SPECULATIVE BUY rating. Avion Gold remains one of the least expensive of the gold producers under our coverage. . ." |
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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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