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:

Ron Stewart, Dundee Capital Markets (9/15/16)
"On September 26, a formal peace deal is set to be signed with the country's largest rebel group FARC. . .we have long liked Continental Gold Inc.'s Buriticá project for its size, scale and technical merits. Permitting remains the primary hurdle. . .the removal of illegal miners in April, the ceasefire in June and official peace deal planned for September 26, we believe the next logical step will be permits for Buriticá, which CNL expects in Q4/16 or Q1/17. This should kick off project financing and construction/development in H1/17 and targeted production in 2019/20."

Jamie Spratt, Clarus Securities (6/28/16)
"Continental Gold Inc. announced positive results from sampling underground development at Level 1B of the Yaragua mine. . .channel sampling in three cross-cuts intersected five master veins in the current reserves as well as widespread mineralization between the master veins; results indicate a wider zone of high grade mineralization that may be amenable to wider, more productive extraction and less dilution than currently envisioned in the feasibility study and our modeled assumptions. In our view, the mining scenario at Buritica continues to improve; we maintain our SPECULATIVE BUY rating and target price of $6.75 per share."

Ron Stewart, Dundee Capital Markets (6/28/16)
"Continental Gold Inc. reported channel sample results from its development cross-cuts and drifts at its Buritica project, confirming vein orientations, geometries and vertical continuity in a localized area at the Yaragua deposit. We estimate this would define a single bulk mineable stope with an estimated 80,000 tonnes of rock grading 8 to 10 g/t gold and 25 to 40 g/t silver. . .we're increasing our target to C$5.00, as the company offers a compelling risk:reward proposition. . .Given we see Buritica as a top tier project, opportunity exists for an immediate re-rating if Continental receives permits."

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."

More Expert Comments

Experts Following This Company

George Albino, Analyst - Gold – GMP Securities
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Jeff Killeen, Analyst – CIBC World Markets
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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