Newmarket Gold Inc.

Newmarket Gold Inc. is a Canada-listed gold mining and exploration company with three 100%-owned operating mines across Australia. The company is focused on creating substantial shareholder value by maintaining a strong foundation of quality gold production (over 200 Koz/year), generating free cash flow and maintaining a large resource base as it executes a clearly defined gold asset consolidation strategy. Newmarket is focused on sustainable operating performance, a disciplined approach to growth, and building gold reserves and resources while maintaining the high standards that its core values represent.

Expert Comments:

Gwen Preston, Resource Maven (5/20/16)
"Newmarket Gold Inc.'s Maud Creek got a bit of the spotlight this week when NMI released a very nice PEA. . .current resources support 9.5 years of operation. . .some would be oxide, processed through Union Reefs' carbon-in-leach facility; the rest would be sulphide. . .the mine would produce 52,000 oz gold annually. . .the mine is expected to generate an 80% internal rate of return."

Andrew Mikitchook, M Partners (5/17/16)
"Newmarket Gold Inc. announced a positive PEA for its Maud Creek project, located approximately 140km southeast of the Cosmo mine. . .the PEA contemplates a 52,000oz/year gold producer, LOM cash costs of $847/oz, with a 9.5-year mine life and an after-tax IRR of 80%. . .we are maintaining our Buy rating and are raising our 12-month targetprice to CA$4.75/share (from CA$4/share)."

Heiko Ihle, Rodman & Renshaw (5/17/16)
"We are reiterating our Buy rating for Newmarket. . .our increased valuation is primarily a reflection of increasing our valuation for Maud Creek to $50M from $25M due to the release of the positive PEA. . .we continue to expect Newmarket to remain selective with respect to external acquisition opportunities, and highlight that internal growth initiatives, such as Maud Creek, remains an attractive scenario to increase production growth."

Philip Ker, PI Financial (5/16/16)
"Newmarket Gold Inc. announced a robust PEA for its 100% Maud Creek project in Australia, outlining a 9.5-year mine life. . .Maud Creek emerged as the company's key pipeline development project; we believe management will aggressively pursue its development given its low-capex (US$32M) and favourable economics including average LOM cash costs of US$847/oz. . .with stellar grades coming from the initial open-pit (5.1 g/t), Maud Creek offers solid opportunity for Newmarket to rapidly payback the project's initial capex. . .we believe considerable upside remains for shareholders."

Chris Thompson, Raymond James (5/16/16)
"Newmarket released highlights from a PEA on its 100% owned Maud Creek project, located ~144 km from its Union Reefs milling facility (currently milling ore from its Cosmo mine) in Northern Australia. . .we view the results positively, and accretive to our estimates, given the after tax NPV(5%) of $105 mln, and IRR of 80%, using a $1,200 gold price, with production totaling 52k oz/year over a ~9.5 year mine life, for an upfront capital cost of $32 mln."

Joe Mazumdar, Exploration Insights (5/15/16)
"Newmarket Gold Inc. reported positive results from a four-hole (3,016m) surface and 28-hole (4,794m) underground drill program at its Fosterville gold mine in the state of Victoria, Australia. . .highlights from the Lower Phoenix North, which is close to underground development, include 9.16 g/t gold over 12.15m and 7.26 g/t gold over 14.25m. . .the company's drill programs, aimed at extending and expanding the resource base at Fosterville, are a smart move as this asset is the one driving its free cash flow."

Management Q&A: View From the Top
Douglas Forster
Newmarket Gold's shares have appreciated 75% since the beginning of 2016, but CEO Douglas Forster believes that is just the beginning. The company's storied founders have set their sights on making Newmarket the next high-quality mid-tier gold producer. Forster puts forth his vision of how, starting with the acquisition of Crocodile Gold, he will make that happen.
read more >

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Brent Cook, Analyst, Geologist Exploration Insights
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Marin Katusa, Analyst – Katusa Research
Philip Ker, Mining Analyst – PI Financial
Thibaut Lepouttre, Editor Caesars Report
Ivan Lo The Equedia Weekly Letter
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Derek Macpherson, Analyst
Joe Mazumdar Exploration Insights
Andrew Mikitchook, Analyst – M Partners
Gwen Preston, Founder Resource Maven
Carsten Ringler, Founder – Ringler Research
Chris Thompson, Mining Analyst – Raymond James
Pierre Vaillancourt, Analyst – Laurentian Bank Securities
Stephen Walker, Analyst – RBC Capital Markets

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

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