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 >
P: Aggressive on the Acquisition Front
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TONY LESIAK, Macquarie Capital Markets
(10/13/2010)
"We view Primero as a strong re-rating candidate, based on the optimization and exploration potential at San Dimas, the company’s sole operating asset. The company is also expected to be aggressive on the acquisition front in pursuit of its goal to become a 400kozpa producer by 2013. Primero is currently looking for potential Latin American acquisitions to leverage its skill sets and the regional contacts of their Mexican mining team. Incumbent CEO, Joe Conway, has a history of accretive acquisitions (Cambior, Orezone) during his tenure as CEO of IAMGOLD, where he also managed the strong operating turnaround and re-rating of the company. Gold equivalent production from San Dimas is expected to rebound from 110koz in 2010, to 190koz by 2013, based on a mill expansion from 2,100tpd to 2,500tpd and continued aggressive underground exploration and stope development." |
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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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