Notable Quotes
"ATX has a resource estimate coming out this quarter, which should prove up the highly prospective nature of its silver resource." (5/18/12) Argentex Mining Corporation - The Gold Report Interview with Aaron Kennon More >
"KBR's Monterde is a neat little project from an acquisition perspective." (5/16/12) Kimber Resources Inc. - The Gold Report Interview with Chris Thompson More >
"QMI should be able to create tangible value for shareholders." (5/15/12) Queenston Mining Inc. - Adam Melnyk, Desjardins Securities More >
"TMM is on the right track to running a successful mining operation." (5/15/12) Timmins Gold Corp. - Philip Ker, Union Securities More >
"PVG's infill drilling continues to intersect bonanza-grade mineralization." (5/15/12) Pretium Resources Inc. - Ovais Habib, Scotia Capital More >
"RVM's Rock Creek project is a major catalyst that could energize the company." (5/15/12) Revett Minerals Inc. - Jeff Wright, Global Hunter Securities More >
"ABS has some world-class projects in Ghana and absolutely fabulous management." (5/14/12) Abzu Gold Ltd. - The Gold Report Interview with Bob Moriarty More >
"ATX's silver property is a hell of an opportunity." (5/14/12) Argentex Mining Corporation - The Gold Report Interview with Bob Moriarty More >
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Experts Commenting on This Company
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Barkerville Gold Mines Ltd.TICKER: BGM:TSX.V
Barkerville Gold Mines, British Columbia's newest gold producer, started production at its QR mine and mill in September 2010. In its first full year of production, the company plans to produce a combined total of 50 Koz. gold from the combined QR mine and the proposed Bonanza Ledge open pit (in permitting). Barkerville has initiated a large resource-expansion and exploration-drilling campaign to test both known areas to expand the mineral resource and underexplored sections of its 112,000-hectare land package. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
The Gold Report Interview with Bo Chew
(3/7/12)
"One of the companies I like would be Barkerville Gold Mines Ltd. Barkerville is a $90M market-cap company with 117,000 hectares in the Cariboo Gold Belt in British Columbia that has produced 3.8 Moz of gold historically. It has seven past-producing mines; three gold deposits, including the QR Mine and a 900-ton-per-day (tpd) mill; and recently permitted the Bonanza Ledge Mine. I like this particular company because there's been a lot of gold produced in this area. It has really beefed up its advisory team and insiders own about 10%.
In 2012, Barkerville intends to process ore from Bonanza Ledge to produce about 20–30,000 ounces (20–30 Koz). At $800/oz cash cost and $1,700/oz gold, operating cash flow will be between $18 and $27M. There is potential to develop additional mineable reserves at the QR Mine to boost that production to 50 Koz in 2012. It's waiting for results on 33 more holes. One hole at Cow Mountain returned 52 meters of 14.2 grams/ton (g/t) gold. Within 24 months we would expect over 100 Koz of annual production. At a conservative $3,000/oz, we've got a $300M value to the company, which triples its $90M market cap."
More >
The Gold Report Interview with Matthew Zylstra (1/30/12) "Barkerville Gold Mines Ltd. recently got a boost after receiving a permit for its Bonanza Ledge property, which is a high-grade open-pittable gold resource. . .updated resource calculations for the company's Bonanza Ledge, Cariboo Quartz and B.C. vein zone in the first half of 2012 could be a positive." More >
The Gold Report Interview with Thom Calandra (11/16/11) "Barkerville Gold Mines Ltd., Frank Callaghan's company in British Columbia, a natural gold producer, is quite interesting. I'm fascinated. I hope to get out there but I do not own it."
The Gold Report Interview with Ian Gordon (10/10/11) "One company that we like very, very much is Barkerville Gold Mines Ltd. The reason we like the company is that it is in production. It's producing 25 thousand ounces (Koz.)/year of gold from its QR deposit in central British Columbia, Once it receive its permits to mine the Bonanza Ledge deposit, and that should be very soon, production will increase to 50 Koz. per annum. This makes the company very positive on a cash-flow basis. Barkerville is also finding and adding quite dramatically to its ounces in the ground position. It is going to bring in a second mill, and once that is permitted, production will rise to about 150 Koz./year. It is targeting 2013 for the second mill to be up and running. . . It's my favorite."
Matthew Zylstra, Northern Securities (9/13/11) "Baskerville Gold Mines Ltd. announced assays from a zone on Cow Mountain adjacent to the Caribou. . .catalysts include additional drill results from 2011 drill programs, news on permitting of Bonanza Ledge and updated resource estimates. Results are positive as they could add tonnage and augment the grade of the open pittable resource at Cow Mountain. . .we continue to anticipate news from the company on its Bonanza Ledge deposit also slated to be put into production as an open-pit mine."
Barkerville Media Clips |