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:

Jamie Spratt, Clarus Securities (5/26/16)
"We have adjusted our model to reflect the issuance of additional 11.5 MM common shares. . .with pro-forma cash of $41MM, the funding allows Continental Gold Ltd. to continue de-risking the Buritica project with additional drilling, detailed engineering and infrastructure. . .we are maintaining our SPECULATIVE BUY rating and target price of $6.00 per share. . .we believe the stock is being discounted due to slower than expected permitting which has created an overhang on the stock; this sets the stage for a strong rerating toward its comparable long life, high margin peers."

Ron Stewart, Dundee Capital Markets (5/26/16)
"Continental Gold Inc. has seen positive momentum with the recent removal of illegal miners from its property, but the stock is still trading at a discount to explorer/developer peers. . .we are coming off restriction for Sabina and Continental and have incorporated their respective C$32MM & C$28MM equity financing into our estimates."

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."

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
Jeff Killeen, Analyst – CIBC World Markets
Steve Palmer, President and Chief Investment Officer – AlphaNorth Asset Management
Gwen Preston, Founder Resource Maven
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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