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 >
RIO: La Arena Updates
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CHRISTOS DOULIS, Stonecap Securities
(02/10/2011)
"Rio Alto announced today that it has exercised its option to acquire 100% of the La Arena project by payment of US$49M in cash to IAMGOLD Corp. The company also provided a brief update indicating that construction activities at La Arena are nearing completion with mining equipment arriving on site, plant commissioning scheduled for March and initial gold production scheduled for early Q211. By acquiring 100% of La Arena, Rio Alto is free to allocate the cash generated by La Arena to whatever activities it desires. We anticipate that the company will begin to undertake regional exploration once La Arena begins producing gold in Q211. We are maintaining our OUTPERFORM rating and our target price of $2.90." |
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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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