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 >
Croc's Back on Track
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BRIAN MOK, Union Securities
(07/06/2010)
"Crocodile announced it had produced 8,700 oz. of gold for June—the first month of commercial production, approximately 22% higher than our expectations of 7,100 oz. . .For Q310, Crocodile is expecting to produce 30 Koz. gold, increasing to 40 Koz. gold during Q410. Production costs are expected to be below US$700/oz. for the remainder of the year. Crocodile has maintained its production guidance for 2010, estimating that it will produce 100 Koz. gold for the year. Crocodile's forecast exceeds our expectations for the remainder of the year; currently, we estimate the company will produce ~26 Koz. and 31 Koz. gold in Q310 and Q410, respectively, at an average cost of US$715/oz. We estimate production for 2010 (including pre-commercial) will be 92 Koz. . . .This morning's news is positive for Crocodile as it appears that it is back on track as it ramps up production at its operations in Northern Australia. However, at this time, we have maintained our production forecast as we await additional operational information in the coming months. Consequently, we have maintained our target price of C$2.60 and Speculative Buy rating for Crocodile Gold." |
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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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