Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company primarily focused on production in the United States. The company has completed a positive feasibility study, received all major permits and secured financing commitments for its flagship project, the Haile gold mine in South Carolina. Romarco's current construction schedule contemplates first production during Q4/16.

Expert Comments:

"OceanaGold, which is buying Romarco Minerals Inc., could be another low-cost producer with costs around $500/oz when Romarco's Haile mine gets developed in 2017." read more >

Andrew Kaip, BMO Capital Markets (9/28/15)
"Romarco Minerals Inc. and OceanaGold announced that shareholders of both companies have voted in favor of the respective resolutions necessary to give effect to the plan of arrangement pursuant to which OceanaGold will acquire Romarco. . .closing on or around Oct. 1. . .the transaction represents an $800/oz total cost of acquisition, or 73% of spot at the time of announcement, broadly in-line with other recent acquisitions in the gold sector."

Mike Parkin, Desjardins Securities (8/25/15)
"Romarco Minerals Inc. provided an update on the construction of its Haile gold mine project, highlighting that the project remains on schedule and on budget. . .the company has an open bid on it from OceanaGold Corp., whereby Romarco shareholders will receive 0.241 of a common share of OceanaGold for each common share, giving Romarco shareholders 49% of the combined company if the deal closes. . .OceanaGold closed yesterday at CA$2.38, implying an offer price of CA$0.57, a 6% premium to Romarco's closing price of CA$0.54."

Andrew Kaip, BMO Capital Markets (8/25/15)
"Romarco Minerals Inc.'s construction update reported that the pit development is 63% ahead of schedule with 163 Kt overburden moved (versus 100 Kt forecasted). Additionally, the water treatment plant and well depressurization were completed in July with water production now available through the construction phase."

"The transaction between OceanaGold and Romarco Minerals Inc. is interesting because OceanaGold is an Australian gold producer with assets in the Philippines and New Zealand. The company is buying, for almost CA$900M in an all-equity transaction, Romarco, which has the 4 Moz high-grade Haile deposit in South Carolina. I think the transaction shows that good quality deposits are very rare. Otherwise, an Australian company wouldn't enter new territory in the U.S. Also, I think this shows investors that good projects, despite dire market conditions, come at a premium. OceanaGold paid almost a 70% premium on the Romarco shares." read more >

Ubika Research (8/11/15)
"Romarco Minerals Inc. is set to be acquired by Australian-Canadian miner OceanaGold. . .in an all-stock transaction. . .valuing Romarco at CA$0.68/share, a 73% premium (using share prices on the day before the announcement). . .construction at the Haile gold mine project commenced in May and is on schedule."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Matt Badiali, Editor – Stansberry Research
Jayant Bhandari
Don Blyth, Analyst – Paradigm Capital
Eric Coffin, Owner – HRA Advisory
Robert Cohen, VP and Portfolio Manager, GCIC Ltd. – Dynamic Funds
Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Jessica Fung, Research Analyst – BMO Capital Markets
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Pav Jordan, Media Relations – BMO Capital Markets
Andrew Kaip, Analyst – BMO Capital Markets
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Chris Mancini, Research Analyst – Gabelli Gold Fund
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Mike Parkin – Desjardins Securities
Gwen Preston, Founder – Resource Maven
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
Lawrence Roulston – Quintana Resources Capital ULC
David Sadowski, Analyst – Raymond James
Florian Siegfried, Senior Portfolio Manager – AgaNola
Jamie Spratt, Analyst – Clarus Securities
Ron Stewart, Analyst – Macquarie Equity Research
Amanda van Dyke, Managing Director, Europe – Palisade Capital
Ryan Walker, Analyst – Euro Pacific Canada

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
High-Grade, Low-Cost Gold Mine
Fully Permitted & Funded World-Class Ore Body in USA
Strong Institutional Shareholder Base
catalyst Calendar
Fully Permitted
Fully Financed
Break Ground on Construction
Exploration Results
Romarco Minerals Inc. Content