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 >
Production in Line
|
JOHANN STEYN, Citigrouup Global Markets
(01/10/2011)
"GFI today announced its production and cost guidance for the December 2010 quarter (Q211). It is guiding production of 900,000 ounces. . .in line with expectations. . .We expect GFI to deliver a 22% QOQ increase in HEPS to 175c for Q211 (gold price: $1,370/oz.). We expect GFI to declare a dividend of 110c, representing a 2.9x cover. . .Current buoyant gold price environment and temporary cost stabilization (from a high base) have provided support for GFI's share price. . .We rate GFI Medium Risk. Our valuation of GFI is exposed to macroeconomic developments affecting the gold price and exchange rates, operational risks that might affect volumes and input costs and political risks that might affect costs and the company's reputation. Upside risks to our view include a significant reduction in GFI's medium-term capital requirements. Other upside risks include a higher-than-expected gold price and weaker-than-expected operating currencies (ZAR, AUD)." |
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 >