Columbus Gold Corp.

Columbus Gold Corp. is a gold exploration and development company operating in French Guiana and Nevada. At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or Gold Deposit, which hosts a NI-43-101 in-pit gold resource of 3.9 million ounces Indicated and 1.1 million ounces Inferred (83.2 million tonnes at 1.45 g/t gold, and 22.4 million tonnes at 1.55 g/t gold, respectively, at a 0.4 g/t cut-off), with considerable expansion potential in parallel zones, on strike and at depth.

In Nevada, Columbus is advancing its 100%-owned Eastside oxide, gold discovery, 32km west of Tonopah. Eastside has district scale potential. A $4 million exploration program is planned for 2016 to complete up 15,000 m (48,000 ft) of drilling with a goal to complete a resource model by Q1 2017. Columbus also has controlling interest in 14 other gold projects in Nevada.

Expert Comments:

"Nordgold is earning a 50.01% stake in Columbus Gold Corp.'s Paul Isnard gold project in French Guiana, but it's not unreasonable to think Nordgold will want to own the entire asset. As the after-tax NPV8% of the project is almost half a billion dollars (using a gold price of $1,300/ounce), Columbus Gold is trading at just one-third of the NPV, and making a deal on Paul Isnard might create a win-win situation for both parties involved." read more >

Columbus Gold Corp.'s stock is up about 86% so far this year. The company's relative underperformance was largely due to a very large shareholder that had been unloading its position from mid-December until very recently. The company has just facilitated the purchase of the remaining shares held by Auplata S.A. As of mid-December, Auplata had owned about 20 million shares of Columbus, which it had received as partial compensation for the sale of the Paul Isnard property in French Guiana to Columbus in 2011. With this overhang removed, the way would appear clear for Columbus to also play catch up to its peer group." read more >

"Columbus Gold Corp. is a company with assets that could be coveted by larger players. It has the 5 Moz Paul Isnard gold project in French Guiana. It is low-grade but Columbus Gold has a strong joint-venture partner in Nordgold N.V. that's earning just over 50% interest by completing a feasibility study before March 2017. History says most mid-tier or senior producers prefer to own much more than 50% of a project, so we think there's a reasonable chance that Nordgold would be interested in acquiring more than 50% of Paul Isnard." read more >

James Kwantes, Resource Opportunities (11/3/15)
"Investors looking for an ounces-in-the-ground play on gold should check out Columbus Gold Corp. for its Paul Isnard project in French Guiana. The Montagne d'Or deposit at Paul Isnard hosts an in-pit resource of 3.9 Moz Indicated and 1.1 Moz Inferred at grades of about 1.5 g/t gold. Miner Nordgold is spending a minimum of $30M to produce a bankable feasibility study and earn a 51% interest in Montagne d'Or. . .on Oct. 16, Columbus announced a feasibility study expected to land by Q4/16. . .the company's Nevada project, Eastside, is an interesting secondary project."

Eric Coffin, Hard Rock Analyst (10/21/15)
"Columbus Gold Corp. had a good month, responding well to higher gold prices as we'd hoped it would. The company reinforced its status as an advanced-stage explorer by announcing the start of a prefeasibility study on the Paul Isnard project in French Guyana."

Haywood Securities (10/13/15)
"In French Guiana, Columbus Gold Corp. is developing the Paul Isnard project, which currently hosts Indicated resources of 3.9 Moz grading 1.46 g/t gold and Inferred resources of 1.1 Moz grading 1.55 g/t gold. . .Nord Gold will fully fund the project to feasibility study level in exchange for a 50.01% interest. . .in Nevada, the company is exploring its 100%-owned Eastside project. Drill results have returned encouraging results that highlight the potential to delineate a large, low-grade deposit. Initial metallurgical test work has yielded very favorable recovery rates."

More Expert Comments

Experts Following This Company

Mick Carew, Analyst – Haywood Securities
Eric Coffin, Owner – HRA Advisory
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Paul Harris – Colombia Gold Letter, Trident Gold Corp
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Mike Niehuser, Analyst – Scarsdale Equities

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

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Investing Highlights
Fully Financed in French Guiana to Advance to Bankable Feasibility (by Nov, 2016)
Resource Estimate at the Eastside Gold project in Nevada (by Q1, 2017)
Strong Treasury and Undervalued to Peer Group