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 >
FVI Updates on San Jose Construction
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HAYTHAM HODALY, Salman Partners Inc.
(07/21/2010)
"Yesterday, Fortuna provided an update on the construction progress at its San Jose silver/gold project in Mexico. Construction activities at the project remain on schedule and in line with the budget for completion and commissioning in Q311. With roughly US$74M available in funds, as well as future cash flows from Caylloma, the company has sufficient cash available to develop the San Jose project and continue with further exploration activity at both San Jose and Caylloma. We conservatively forecast that the San Jose operation will reach commercial production in 2012 (producing ~1.4 Moz. silver and ~13,000 oz. gold that year), at which time our total silver production estimate for the company is expected to jump to over 3 Moz. . .We reiterate our BUY recommendation with a 12-month target price of CAD$3.10/share." |
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More Experts
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