Sector Experts

Ash Guglani

Salman Partners

Image: Ash Guglani

Ash Guglani is a research analyst with Salman Partners, covering precious metals companies in the mining sector. He has been with Salman Partners since 2004. Guglani holds a Bachelor of Business Administration degree with a focus in finance from BCIT.




Recent Interviews

Small (Capex) Is Beautiful in Silver and Gold, Says Salman's Ash Guglani (8/26/13) Multibillion-dollar capital expenditures for precious metals projects have gone the way of the dinosaur, says Ash Guglani, research analyst at Salman Partners. In this interview with The Gold Report, Guglani delivers a report card for eight gold and silver companies, with the highest grades going to those that have kept down costs and have kept capital requirements modest.

Recent Quotes

"A PVG highlight hole at VOK, SU-632-W4, showed 2.1m at 335.65 g/t Au." (8/20/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"AMM has found new volcanic-hosted mineralization beside the Ixtaca deposit." (8/15/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"PVG's EAC application for Brucejack has been accepted for filing." (8/15/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"We upgrade our recommendation on SLW to Top Pick from Buy." (7/10/14) Silver Wheaton Corp. - Ash Guglani, Salman Partners Moreá>

"GPR reported a QOQ gain in silver production as a result of increased mill throughput." (7/10/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"AMM's Chemalaco continues to display continuity and high grades." (7/10/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR is increasing confidence in San Ignacio through the drill bit." (7/3/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"PVG's drilling still shows further potential to expand VOK's size." (7/3/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

more comments

"PVG submitted the environmental assessment certificate for Brucejack." (7/2/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"PVG released strong updated feasibility results for its Brucejack project." (6/24/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"BRI has executed well by acquiring projects that are viable even in a volatile gold market." (6/3/14) Brazil Resources Inc. - Ash Guglani, Salman Partners Moreá>

"AMM is well funded to develop Ixtaca." (4/21/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"Considering its robust economics, AMM's Ixtaca is an attractive acquisition target." (4/17/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"PVG will focus on continued Brucejack resource definition in 2014." (4/16/14) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"AMM is drilling high priority gold-silver exploration targets adjacent to the Ixtaca zone." (4/2/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR's cost cutting and grade control efforts improved Q4/13 margins." (3/11/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"RD has commenced a definitive feasibility study for its San Ramon gold deposit." (2/18/14) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"AMM upgraded a sizable portion of the deposit at Tuligtic to M&I." (2/10/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR's Q4/13 silver production rose 7% for record ounces." (1/15/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"RD's ability to complete a financing in the current environment highlights the strong economics of San Ramon." (1/2/14) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"SSO continues to take the right steps to strengthen its working capital position." (1/2/14) Silver Standard Resources Inc. - Ash Guglani, Salman Partners Moreá>

"PVG renews confidence in the geological interpretation of Brucejack." (12/20/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"Production at GPR's San Ignacio property is expected to commence in H1/14." (12/16/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"PVG's highlight intersections from VOK include 13,400 g/t Au over 0.5m." (12/2/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"PVG has produced an average gold grade of 16.2 g/t at the Valley of the Kings zone." (11/22/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"We have increased the average grade at GPR's Guanajuato through H1/14." (11/8/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"The sale of SSO's San Agustin project will further strengthen the company's financial position." (11/7/13) Silver Standard Resources Inc. - Ash Guglani, Salman Partners Moreá>

"AMM has further proven the continuity of high-grade gold-silver veining in the north-south Chemalaco zone." (10/28/13) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"Assays at PVG's VOK showed grading greater than 1,000 g/t gold uncut." (10/24/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"As planned, bulk sample processing at PVG's Brucejack is proceeding." (10/9/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"PVG's gold-silver concentrate from VOK should yield recoveries of ~90%." (10/3/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"AMM's drill results demonstrated continuity of high-grade gold and silver veining in the north-south Chemalaco zone." (10/2/13) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"AMM's drill results demonstrated continuity of high-grade gold and silver veining in the northern branch of the main Ixtaca zone." (9/24/13) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"AMM has a strong cash position and a history of raising money in challenging times." (8/26/13) Almaden Minerals Ltd. - The Gold Report Interview with Ash Guglani Moreá>

"GPR showed some promise this past quarter; it's a Buy." (8/26/13) Great Panther Silver Ltd. - The Gold Report Interview with Ash Guglani Moreá>

"PVG's Brucejack feasibility study showed the numbers are very strong." (8/26/13) Pretium Resources Inc. - The Gold Report Interview with Ash Guglani Moreá>

"I like RD's Santa Rosa project for its near-term production and low capex." (8/26/13) Red Eagle Mining Corp. - The Gold Report Interview with Ash Guglani Moreá>

"SSO just reported a good operational quarter and is in a great position right now." (8/26/13) Silver Standard Resources Inc. - The Gold Report Interview with Ash Guglani Moreá>

"PVG's drill results continue to confirm the projection of high-grade gold from the bulk-sample program at VOK." (8/15/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"SSO achieved record high zinc production of 5.6 Mlb on the back of higher zinc grades and recoveries." (7/12/13) Silver Standard Resources Inc. - Ash Guglani, Salman Partners Moreá>

"GPR's cost reduction efforts will continue at its two operating mines in Mexico." (5/31/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"PVG confirmed projections of high-grade gold mineralization at VOK." (5/28/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"Over 90% of RD's San Ramon drilling hit economic mineralization." (5/28/13) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"AMM's highlight hole in the new zone showed 8.3m at 0.52 g/t Au and 180.3 g/t Ag." (5/10/13) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"SSO's Q1/13 EPS beat our estimates; we maintain our Buy rating." (5/9/13) Silver Standard Resources Inc. - Ash Guglani, Salman Partners Moreá>

"GPR's Q1/13 gold production of 3,144 oz was up from 2,826 oz in Q4/12." (5/9/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"We currently have a Buy recommendation on PVG." (5/8/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"SSO has a large portfolio of projects and a healthy balance sheet." (5/7/13) Silver Standard Resources Inc. - Ash Guglani, Salman Partners Moreá>

"We are initiating coverage on RD with a Speculative Buy rating." (5/7/13) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"EDR's silver and gold production in Q1/13 was higher than our forecast; it has our Buy recommendation." (4/8/13) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"Highlight intercepts from RD's drill program include 0.6m at 157.7 g/t Au." (3/4/13) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"We initiate coverage on AMM with a Speculative Buy recommendation." (2/12/13) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR intersected high-grade silver-gold mineralization at the Valenciana mine." (2/6/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"EDR's production is set to increase." (1/30/13) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"We have a Buy recommendation for PVG, which just announced a CA$20M flow-through offering." (1/25/13) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"GPR provided exceptional Q4/12 production results." (1/16/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"We have a Buy recommendation for GPR; its updated resource estimate reflects a more robust model." (1/14/13) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"EDR continues to intersect high-grade Ag-Au mineralization at Santa Cruz." (11/28/12) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"Resource confidence at PVG's Brucejack has increased considerably." (11/21/12) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"Results confirm high grades and continuity of mineralization at AMM's Tuligtic project." (11/19/12) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR is on track to meet its 2012 silver production guidance." (11/16/12) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"GPR reported Q3/12 headline earnings of CA$1.76M." (11/15/12) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"We are initiating coverage on KBR with a Speculative Buy rating." (11/15/12) Kimber Resources Inc. - Ash Guglani, Salman Partners Moreá>

"EDR hit a highlight intercept of 0.22m at 10,990 g/t Ag and 25.1 g/t Au." (11/14/12) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"RD's drill results continue to confirm the strong gold mineralization." (11/14/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"We maintain our Buy recommendation on EDR." (11/7/12) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"EDR's QOQ production is up, while cash costs fell." (11/6/12) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"RD's highlight intercepts at Santa Rosa included 2.32 g/t Au over 19.6m." (11/1/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"AMM's drill results show continuity of high-grade mineralization." (10/23/12) Almaden Minerals Ltd. - Ash Guglani, Salman Partners Moreá>

"We have a Buy recommendation on EDR." (10/18/12) Endeavour Silver Corp. - Ash Guglani, Salman Partners Moreá>

"PVG's Brucejack drill results include intercepts of high-grade gold." (10/18/12) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"RD will use new financing for advancing Santa Rosa." (10/16/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"RD's financing will be used for exploration and development at Santa Rosa project." (10/16/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"PVG assays include a number of intercepts in excess of 1,000 g/t Au." (10/3/12) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"RD has commenced work on its NI 43-101 resource estimate for San Ramon." (9/11/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

"We reiterate our Buy rating on PVG; it's an attractive acquisition target." (9/10/12) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"We currently have a Buy recommendation on PVG." (9/7/12) Pretium Resources Inc. - Ash Guglani, Salman Partners Moreá>

"We maintain our Buy recommendation for GPR." (9/6/12) Great Panther Silver Ltd. - Ash Guglani, Salman Partners Moreá>

"RD noted results 'confirm strong gold mineralization from surface.'" (9/4/12) Red Eagle Mining Corp. - Ash Guglani, Salman Partners Moreá>

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