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 >
Argonaut Likely to Have a Bright Q111
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JOHN MCCLINTOCK, Mackie Research
(01/07/2011)
"We expect Argonaut to have the following three valuation catalysts in Q111, which we believe will have a significant impact on the share price: 1.) Upcoming resource estimate at its El Castillo mine; 2.) Reporting record Q410 production of 14,700 oz. Au at cash costs of US$600/oz at its El Castillo mine; and 3.) Closing of Pediment Gold Corp merger. We expect record production in Q410: During 2010, Argonaut spent US$30M to quietly double mining capacity. With the majority of these expansions completed in Q310, we expect Q410 to have benefited. Hence, we expect El Castillo to produce 14,700 oz. Au at cash costs of US$600/oz. vs. Q110. Our recommendation remains BUY as in our view Argonaut is poised for a rerating due to expected increases in Au resource and production at its flagship El Castillo mine and enhanced share liquidity post the Pediment Gold merger." |
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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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