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: Exploration Underway at El Chanate
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The Mining Speculator (08/30/2010)
"Shares of CGC have performed poorly as of late mostly due in my opinion with the market’s reaction to the acquisition of Nayarit. Our share price, which now stands at $3.53 (or $0.88 cents before the reverse split), is a disappointment at this time. With that being said, the company can still have a bright future as gold prices go to much higher levels and we keep increasing production and adding to reserves. Exploration work underway at the El Chanate Mine should build more ounces to reserves and help offset what we are producing, adding significant mine life. The potential to seriously grow the deposit at El Chanate still ex¬ists, but the company is looking to add resources from their two other key projects as well, one of which (Orion) came from the Nayarit acquisition." |
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