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 >
Credit Suisse Initiates Coverage of DGC
|
RALPH PROFITI, Credit Suisse Securities (Canada) Inc.
(07/27/2010)
"Our Canadian team has initiated coverage on. . .Detour Gold with an OUTPERFORM rating and target price of C$31.5. . .Detour's main asset, the Detour Lake project, is expected to commence production in 2013. We are forecasting LOM average production of 636 koz. at $523/oz., with the first three years at 639 koz. and $459/oz. With over 11 Moz. in reserves and over 21 Moz. in total resources, Detour has accumulated an impressive platform from which to develop into a notable mid-tier miner. With Detour's large reserve base, it trades as the cheapest company on an EV/oz. of reserves relative to its covered peers. As permits are acquired and more financing is arranged, we believe the valuation discount should narrow and a re-rating of the shares may occur. . .Detour currently trades at a P/NAV of 0.6xs, well below its producing peer average of 0.9xs and, in our view, the current share price represents a buying opportunity." |
PRINT THIS PAGE
EMAIL THIS PAGE
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.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >