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:

"We recently purchased Continental Gold Inc., which has performed well. The stock did pull back a bit due to short-term gold price weakness, but we view that as temporary. Continental has a very high-grade, advanced deposit in Colombia. Its mining operation is more economic than most, given the high gold grades. Continental trades at a discount to its comps, and there are catalysts on the near-term horizon, such as the expectation of a mining permit. It is important to realize that lower-grade deposits do not have much leeway in terms of commodity pricing. The low-grade mines can be easily squeezed if gold falls further. But Continental has very high grades and much more margin. And when the U.S. dollar starts to sink, I expect gold to rise, at least modestly, which will generate nice premiums for Continental shareholders." read more >

Ovais Habib, Scotia Capital (7/28/15)
"We have assumed coverage of Continental Gold Inc. . .at an average head grade of 7.8 g/t gold and 19.4 g/t silver, the 2014 PEA sees the Buritica project as a robust 3.5 Ktpd underground operation producing 271 Koz Au eq on average with AISC of $502/oz over an 18-year mine life. . .in our view, the Buritica project has the qualities (high-grade, low AISC and long mine life) a midtier or senior gold producer would look for when considering the acquisition of an advanced-stage project."

"I cover Continental Gold Inc. The company just announced an updated mineral resource on its flagship Buriticá project; the new resource provides a basis for the company's upcoming Feasibility study in 2016. With significant conversion of Inferred resources into Measured and Indicated, the new resource also provides a greater degree of confidence in the deposit. The next catalyst is obviously the permit. A lot of people are waiting to see Continental get its final operating permit. The permit would allow the company to build-out and expand Buriticá from its current small-scale production. Recognizing the importance of the permit from a derisking perspective, our expectation is that Continental will receive the permit in the coming months. The Feasibility study will also play a key role as it will provide a better indication of potential project parameters and economics. . .it's quite clear Buriticá is a high-grade underground mining scenario. The question is how big will it be? And what will it cost to develop Buriticá? The PEA gives us a rough sense of what that project will look like, but the differences between the PEA and the Feasibility will be significant due to the additional amount of drilling and technical studies that will be completed. . .given the size of the deposit, the likelihood of an extensive mine life and the potential for potent project economics, we think Buriticá is a project that a lot of companies would be interested in." read more >

"Continental Gold Inc. is drilling out resources that will one day be profitable. [Continental just updated its resource estimate on the Buriticá project in Colombia. Did you like what you saw?] I did. In the past, I was a bit negative on the company, particularly on the resource estimate because I had some issues with it. The most recent underground sampling pulled together the high-grade center of the deposit. It looks to me that it has enough gold there to really kick off a mine. And the details of what's happening at depth and along strike will be much better worked out from underground rather than continued drilling. I think it looks pretty good." read more >

Dan Rollins, RBC Capital Markets (6/28/15)
"We believe Continental Gold Inc. is attractively valued considering the underlying economic potential of its flagship Buritica project, which in our view is further amplified by the scarcity of high-grade projects. Given favorable fundamentals and near-term catalysts, the company remains one of our preferred exploration/development-stage companies. . .receipt of environmental approval for Buritica (expected in the next couple of months) would be a key de-risking milestone. . .we have raised our price target on its stock to CA$5.00 from CA$4.50."

Gwen Preston, Resource Maven (6/26/15)
"Continental Gold Inc. is working to prove its Buritica project in Colombia is one of the best near-development gold projects in the world. . .yes, permitting risk overhangs the company's share price, but the Colombian national government labeled Buritica a project of strategic importance for the country, which bestows major confidence it will get the go-ahead. . .the company just released a new resource estimate that boosted both tonnage and grade in a model so robust that Continental is going to take Buritica straight from preliminary economic assessment to feasibility."

More Expert Comments

Experts Commenting on This Company

Brent Cook, Analyst, Geologist Exploration Insights
Joseph Fazzini, Vice President, Senior Analyst – Dundee Capital Markets
Jessica Fung, Research Analyst – BMO Capital Markets
Oliver Gross, Chief Editor and Analyst Der Rohstoff-Anleger
Ovais Habib, Analyst – Scotia Capital
Wayne Hewgill, Analyst – Mackie Research Capital
Pav Jordan, Media Relations – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Björn Paffrath, Director – Stabilitas-Fonds
Steve Palmer, President and Chief Investment Officer – AlphaNorth Asset Management
Gwen Preston, Founder – Resource Maven
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
Dan Rollins, Analyst – RBC Capital Markets
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – Clarus Securities
Ron Struthers, Editor Struthers Resource Stock Report, Elcora Resources Corp.

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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