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 >
NCP Northland Raises Target on ARZ
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CATHERINE GIGNAC, Northland Capital Partners
(08/20/2010)
"Price target increased to $8.85 from $6.50. . .ARZ has operated the steady-state Casa Berardi underground gold mine in Quebec for three years and is planning a transition to mid-tier producer status through the advancement of the open-pittable Joanna Gold Project (potential startup in 2013). Additionally, several gold, uranium and rare earth projects are at early and advanced exploration stages. Management is reviewing opportunities to fast track the production growth profile through possible corporate mergers or acquisitions, and recently entered three JV earn-in agreements in Quebec. We believe that ARZ can internally finance planned projects. There is no long-term debt and establishing a dividend policy could be manageable, in our view." |
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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.
More Experts
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