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 >
BTO: Nicaragua Mines Performing Well
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MICHAEL GRAY, Macquarie Research
(01/25/2011)
"Yesterday, before market open, B2Gold reported production results at its 100%-owned La Libertad and 95%-owned Limon gold mines in Nicaragua for Q410. Gold production was 37 Koz. for total 2010 production of 109 Koz. gold, which exceeded both our Q410 and 2010 production estimates of 32 Koz. and 104 Koz. gold, respectively. The company increased 2011 gold production guidance to 135 Koz. (was 125 Koz.) at cash operating costs of US$540–US$560/oz. This compares with our estimate of 131 Koz. gold at US$604/oz. B2Gold indicated that capex of US$48M (US$28M La Libertad; US$20M Limon) in 2011 will be for high pre-stripping costs at La Libertad and underground development/tailings construction at Limon. B2Gold has successfully moved La Libertad into full production and has delivered 40 Koz. in 2010 from Limon—a six-year production high—on the back of capital investment and labor-relations issues solutions." |
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