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 (9/18/15)
"Continental Gold Corp. has escalated the review of its environmental impact assessment (EIA) for the Buritica project to the federal level in Colombia. . .the Buritica project has been designated a project of national strategic interest and management anticipates that pursuing the process at the federal level should enable completion of the permitting process under a fast track timeline and with high level government supervision."

Canaccord Genuity's Morning Coffee (9/16/15)
"Continental Gold Inc. announced that it has requested the national government of Colombia to assume the responsibility of reviewing the environmental impact assessment (EIA) for its Buriticá project as a project of national strategic interest. Consequently, the company has withdrawn its application for the modification of the EIA from Corantioquia, which is the autonomous regional environmental authority of the department of Antioquia. . .its final environmental license, along with a 30-year mining license it received in 2013, are the last major permits needed to build and work the mine."

Jamie Spratt, Clarus Securities (9/16/15)
"Continental Gold Inc. has escalated the review of its environmental impact assessment for the Buriticá project to the federal level in Colombia. . .management anticipates that pursuing the process at the federal level should enable completion of the permitting process under a fast track timeline and with high level government supervision. . .we believe the permit will be issued in due course."

"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 >

More Expert Comments

Experts Following This Company

Brent Cook, Analyst, Geologist Exploration Insights
Joseph Fazzini, Vice President, Senior Analyst
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.