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 >
FVI: Solid as a Rock
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MATTHEW O'KEEFE, Cormark Securities Inc.
(01/14/2011)
"Yesterday morning, Fortuna announced another strong quarter of production from its Caylloma Mine in Peru. During the quarter, the mine produced 481,802 oz. of silver in concentrate exceeding our estimate of 459,100 oz. The company also issued production guidance, which was exactly in-line with our estimates. For 2011 the company is guiding to 2.4 Moz. of silver production, which includes 1.9 Moz. from Caylloma and 0.5 Moz. from San Jose. Fortuna is expected to benefit from new production at the San Jose Mine in Mexico by Q3/11. Fortuna continues to prove itself as a solid mine operator with growth expected to be fuelled by the addition of San Jose in 2011. We are reiterating our Buy recommendation." |
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