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 >
BMO Raises MFL Target
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ANDREW KAIP, BMO Capital Markets
(01/17/2011)
"BMO Research is resuming coverage of Minefinders. . . BMO Research has revised operational forecasts, incorporated the proceeds from the offering and revised metal price assumptions. . .Incorporating proceeds from the CAD$151.5M financing and reported Q410 gold-equivalent production of 22.7 koz., BMO Research expects MFL will report a year-end cash balance of US$125M. These factors, in combination with a 17% increase in BMO's long-term silver price assumption, have increased the 10% nominal NPV estimate for MFL by 14% to US$10.21/share. . .BMO Research is increasing MFL's target price to CAD$13.25 (from $11.75) due to the positive impact of higher silver price assumptions (as the company has material silver exposure through Dolores) and its increased cash position post-financing." |
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