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 >
MCO's Maxwell Reef
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JOHN WILSON, Resource Capital Research
(06/30/2010)
"MCO plans to produce 15,000–25,000 oz. pa Au from its gravity plant at the Morning Star Mine, commencing Q310. First production from the Maxwell Reef could run to 55g/t Au. Regional exploration is ramping up, with drilling underway at the All Nations prospect. . .Mining grades from Maxwell Reef are well in excess of the Morning Star resource—a possible 55g/t Au head grade from the first stope would be a good start to production proper. Gearing up to a 30,000–50,000 tpa operation in H210 should see gold output in the range 15,000–25,000 oz. pa or higher. Opex should be ~AUD$600/oz. giving solid margins. We repeat our assertion of Q110, which is, if MCO can continue to achieve predicted grades and start milling on schedule, a share price re-rating is expected. Regional holdings have potential to provide a 3–4 Moz. resource base." |
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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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