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 >
ANV's World-Class Hycroft Mine
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Exploration Insights (07/25/2010)
"I spent the week bouncing around the Western U.S. visiting gold properties and various management groups. . .of most immediate interest to investors betting on a rising gold price is Allied Nevada. Allied's share price has done exceptionally well since its spinout from Vista Gold, and a large part of the company’s success is due to President Scott Caldwell and his team. The other reason for the company's success is, of course, the Hycroft gold deposit in Nevada. Allied is very leveraged to the gold price; if you are of the opinion that gold is headed higher in USD terms, ANV should be on your list. What impresses me is the size and strength of the gold/silver system and the potential economics of this deposit if things fall into place. Hycroft is a world-class gold deposit currently boasting measured and indicated resources of 7 Moz. gold grading 0.014 opt (.44 g/t), and 184 Moz. silver grading 0.36 opt (11.2 g/t). The inferred resources add another 3.9 Moz. gold and 216 Moz. silver. The company is cash-flow positive through their current mining operation; in fact they are making money, currently producing gold for just under $400/oz. These 'keep-getting-better' deposits are the ones that major mining companies want to own." |
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