R:TSX

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:

"We have bought the near-term producer Romarco Minerals Inc. [Romarco began construction of its Haile gold mine in South Carolina in May. Shares are still under $0.50.] This is the stage when shares of companies like Romarco languish. There will be little excitement until its first gold pour, which is scheduled for Q4/16. But I expect that over the next 912 months, we will see the share price move up steadily, to say $0.70$0.90. There is now an extremely low downside to Romarco. Diane Garrett is one of the best CEOs out there. She always does what she says she will. She has demonstrated her competence with local communities, government agencies and the banks. She raised the financing for Haile without any gold hedging, which is impressive." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/26/15)
"Romarco Minerals Inc. has the money to move forward with the South Carolina project, thanks to a recently closed $200M senior secured project finance facility. Having a mineable grade, open-pit operation well on its way to operation is a major accomplishment, especially given the regulatory hoops the company had to jump through to make it happen. . .Romarco is a good value for accumulation right now."

Mike Parkin, Desjardins Securities (6/1/15)
"Romarco Minerals Inc. announced that it has closed its $200M secured project financing facility. . .for construction of the Haile gold mine. . .management continues to expect first gold pour in Q4/16, which is in-line with our model. The company stated that construction began in May."

Andrew Kaip, BMO Capital Markets (6/1/15)
"Romarco Minerals Inc. continues to advance its construction activities at Haile; the receipt of an initial $10M outlay from the debt facility will help to progress the execution of its development schedule. At this time, investor focus is on the execution of construction milestones as it reaches its goal of first gold pour in late 2016E."

Eric Coffin, Hard Rock Analyst (5/8/15)
"Romarco Minerals Inc. has executed its previously announced credit agreement with four lenders. . .the company anticipates breaking ground in May on Haile, its multimillion-ounce gold deposit in South Carolina. With the money it needs for mine construction now in hand, Romarco anticipates commencing production in 18 months. . .this is a company and a project that looks undervalued to me at current levels. For that reason, we'll keep it a Buy."

"Romarco Minerals Inc. has the Haile gold mine in South Carolina. The company's share price is depressed because it raised $200M when gold was spiking to $1,300/oz. I think a lot of demand for its stock was sopped up in this big equity offering. . .there's definitely takeout potential there. This is a fully financed and permitted project in the U.S. with a long life, low costs and good exploration potential." read more >

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Eric Coffin, Owner – HRA Advisory
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
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Chris Mancini, Research Analyst – Gabelli Gold Fund
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
Q1
2015
Fully Permitted
Q1
2015
Fully Financed
Q2
2015
Q2
2015
Break Ground on Construction
Q3
2015
Q4
2015
Exploration Results
Romarco Minerals Inc. Content