Continental Gold Inc.

Continental Gold is a well-funded advanced-stage exploration and development company focused on becoming a leading gold producer in Colombia. The company's 100% owned flagship Buriticá project boasts a multimillion ounce precious metal deposit. Continental's management team has proven experience in permitting, financing and building precious metal mines in Latin America. The company is dedicated to maximizing shareholder value while working to the highest standards of community commitment and environmental responsibility.

Expert Comments:

Jeff Killeen, CIBC World Markets (2/25/16)
"Continental Gold Inc. released its Feasibility Study for the Buritica project, located in Colombia, with a positive after tax IRR estimated at 31.2% and a 5%NPV of $860M based on a $1,200/oz gold price and $15/oz for silver. . .we believe the reserve base still has potential to increase +3Moz with further drilling and conversion of inferred resources not included in the FS. . .we continue to view Continental as a Sector Outperformer due to the high-grade and low-cost projections for Buritica and on the basis that the company will eventually receive required permits to develop the mine."

Ron Stewart, Dundee Capital Markets (2/25/16)
"Positive feasibility study results for Continental Gold Inc.'s Buriticá outlined a 14-year project producing 253 Koz gold per year and generating $153M annual cash flow. . .we like the Buriticá project which, despite being composed of narrow veins, stands out for scale and grade. . .the company offers a good risk/reward proposition. . .given we see Buriticá as a top-tier project, opportunity exists for an immediate re-rating if Continental receives permits by the end of 2016."

Jamie Spratt, Clarus Securities (2/25/16)
"The feasibility study for Continental Gold Inc.'s Buriticá project forecasts average production of 253 Koz at an all-in sustaining cost of $492/oz over a 14-year mine life. . .in our view, the feasibility study positions Buriticá among the most profitable undeveloped long-life assets in the gold space today. While permitting timeline risk will remain the major overhang on the stock. . .we expect a significant re-rating with the successful completion of the process. With permits in hand, we expect that CNL will be among the most sought-after merger and acquisition targets in the space."

Gwen Preston, Resource Maven (2/24/16)
"Continental Gold Inc. published a feasibility study for its Buriticá gold project. . .a higher reserve grade means the company was able to reduce mine throughput to 3 Ktpd instead of 3.5 Ktpd while maintaining a planned output of 253 Koz/year over 14 years. Capital costs stayed put. . .this study is a major step for Continental."

Ron Stewart, Dundee Capital Markets (2/4/16)
"Channel sample results were positive from the sill cut on two test stopes that were mined to demonstrate the suitability of long-hole mining at Continental Gold Inc.'s Buriticá project. Results showed better-than-modeled grades and wider veins, both of which are positive when compared to the resource model. We continue to see the company as offering a good risk/reward proposition. . .we see Continental as well positioned to complete a feasibility study on Buriticá and proceed with financing and construction."

"There are probably half a dozen or so advanced development companies with high-grade resources that aren't yet in production but are getting close, like Continental Gold Inc. . .Buriticá has been designated a 'Project of National Interest,' so that should help speed up permitting. I'm optimistic that Continental can move it through." read more >

More Expert Comments

Experts Following This Company

George Albino, Analyst - Gold – GMP Securities
Brent Cook, Analyst, Geologist Exploration Insights
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Joseph Fazzini, Vice President, Senior Analyst
Ovais Habib, Analyst – Scotia Capital
Paul Harris – Colombia Gold Letter, Trident Gold Corp
Wayne Hewgill, Analyst – Mackie Research Capital
Jeff Killeen, Analyst – CIBC World Markets
Steve Palmer, President and Chief Investment Officer – AlphaNorth Asset Management
Gwen Preston, Founder Resource Maven
Dan Rollins, Analyst – RBC Capital Markets
Jamie Spratt, Analyst – Clarus Securities
Ron Stewart, Analyst – Dundee Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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