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 >
Salman Rates GUY "Top Pick"
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DAVID WEST, Salman Partners
(08/12/2010)
"Top Quality Asset: The Aurora project is an uncommon combination of size and grade, hosting a gold resource of 4.6 Moz. at an overall average grade of roughly 3.8 g/t. Based on our projected mine plan, life-of-mine gold production from Aurora is expected to be near 4 Moz. at an average total cash cost of roughly US$320/oz. . .The company is in the final phase of permitting on the Aurora project. This, along with a Bankable Feasibility Study (which should be completed by year-end), would give Guyana Goldfields the final pieces to move forward with a construction decision on the project. Based mainly on our higher gold price assumptions, our new NAV for the company is Cdn$8.38 per share, up from Cdn$6.39. . .our new 12-month target price of CAD$11/share, up from CAD$8.30. Given the number of major catalysts expected over the next six months, we increase our recommendation on Guyana Goldfields to TOP PICK." |
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