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 >
CSI: Serra Pelada Update
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NICHOLAS CAMPBELL, Canaccord Genuity
(12/01/2010)
"The Serra Pelada project is a uniquely high-grade gold/PGM project that is on track to begin production in 2012, with recent exploration demonstrating the upside potential of the land package. We view CSI as a likely takeover target. We maintain our SPECULATIVE BUY recommendation on the shares of CSI with a target price of CAD$12 per share. CSI has completed 83m of development of the 3,500m underground decline at Serra Pelada. Earthworks has begun on the future plant site, camp site, maintenance facilities and offices. The company has begun negotiations to secure electrical power to the site. The camp site and engineering of the tailings impoundment are expected to be completed in Q111; phase 1 dewatering to a depth of 150m is expected to be completed by Q311; and the phase 1 tailings dam is scheduled for completion in Q411 with phase 2 dewatering to 320m by Q212." |
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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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