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 Sittin' Pretty
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NICHOLAS CAMPBELL, Canaccord Genuity
(07/21/2010)
"Fortuna remains on track to begin production from the San Jose mine in H211, with 2012 as the first full year of commercial production. FVI has US$74M in cash on the balance sheet and continues to generate free cash flow from its Caylloma polymetallic mine in Peru. The development is in line with our expectations and, therefore, our valuation and recommendation on Fortuna Silver remain unchanged. We have a C$3.70 target price for FVI based on a 1.0x multiple to our peak silver and gold price NAVPS (5%, US$21.50/oz Ag and US$1300/oz Au) estimate. We maintain our SPECULATIVE BUY recommendation on the shares of Fortuna Silver." |
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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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