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 >
GFI's Big Acquisition
|
BART MELEK, BMO Capital Markets
(09/20/2010)
"Gold Fields announced that it has entered into option agreements to acquire a 60% interest in the undeveloped gold-copper Far Southeast (FSE) deposit in the Philippines for US$340M over 18 months. GFI will conduct a major drilling program as part of a feasibility study on FSE and is required to pay US$10M in option fees and US$44M upon signing of the option agreements. Should GFI decided to proceed after a 12-month period, a further US$66M will be payable with the final US$22M payable at the expiration of the option period. FSE is located within an existing mining camp and has ready access to established infrastructure including roads, tailings facilities, power and water. . .more than 80 diamond drill holes, totaling more than 35km have intersected a mineralized gold-copper porphyry system approximately 900m long by 900m wide by 900m deep. . .GFI considers that mineralization is continuous within this zone. Among the intersections noted were 691m grading 2.5g/t Au 0.9% Cu and 907m grading 1.5g/t Au, 0.5% Cu." |
PRINT THIS PAGE
EMAIL THIS PAGE
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
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >