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 >
CGC: FY10 Results; 2011 Outlook
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ADAM GRAF, Dahlman Rose & Co.
(08/25/2010)
"Q410 and FY2010 Results Show 40% q/q & 12% y/y Production Growth Capital Gold reported their fiscal Q410 (ended July 31, 2010) results where they produced 15.2 Koz. gold, a 40% increase compared to the same period a year ago; however, this is an 8% decrease compared to fiscal Q310. Capital produced 55.7 Koz. in FY10, compared to 49.9 Koz. in FY09, a 12% y/y increase. This y/y increase is largely the result of increased ore tonnage stacked and processed throughout the year. Outlook for Fiscal 2011 In fiscal 2011, Capital Gold expects to produce 65–70 Koz. gold. Further, they expect to produce up to 120K gold equivalent ounces by 2013. Capital expects to continue to enhance their agglomeration and leaching practices and to continue in-fill drilling at their El Chanate mine, followed by an updated resource estimate in fiscal 2011. The construction of an additional heap leach pad has commenced and will be available for stacking ore in November 2010, and then later expanded with completion expected in May 2011. The company continues to evaluate a crusher capacity increase of 20%, as well as transitioning from a contractor mine fleet to an owner/operator mine fleet. Finally, the Orion project will progress to the prefeasibility stage by Q211." |
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