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

"SLW reported Q2/15 results in-line with our estimate." (8/12/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"Improved operational efficiency has helped GPR maintain a solid financial position." (8/7/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"GPR released its Q2/15 results with net earnings of CA$0.03/share." (8/6/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"PVG received a positive environmental assessment decision statement." (7/31/15) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"PVG continues to demonstrate its ability to derisk the Brucejack project." (7/16/15) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"GPR beat our estimates in both gold and silver production on a consolidated basis." (7/15/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"GPR provided an update on its planned H2/15 drill activities." (7/3/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"PVG's Brucejack project is on track for commercial production in 2017." (6/10/15) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

more comments

"GPR entered into an option agreement to acquire the Coricancha mine." (5/20/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"We maintain our Top Pick recommendation on SLW." (5/8/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"In Q1/15, GPR increased production by 8% QOQ and revenue by 42% QOQ." (5/8/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"We maintain our Top Pick recommendation for SLW." (4/24/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"PVG expects to begin Brucejack mine construction this summer." (3/27/15) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"RD arranged $65M in project financing with Orion Mine Finance." (3/26/15) Red Eagle Mining Corp. - Ash Guglani, Salman Partners More >

"SLW is expecting +40% growth by 2019 with its current pipeline." (3/20/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"At Q4/14E, SLW had working capital of $322.3M." (3/19/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"The environmental license was the final permit needed for RD's San Ramon project." (3/10/15) Red Eagle Mining Corp. - Ash Guglani, Salman Partners More >

"SLW has added financial flexibility to potentially grow its pipeline." (3/2/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"GPR's drill results increased the mineral resource at San Ignacio." (2/24/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"Proceeds from RD's private placement will be used for Santa Rosa predevelopment work and working capital." (2/3/15) Red Eagle Mining Corp. - Ash Guglani, Salman Partners More >

"GPR has committed to increasing the drilling budget for 2015." (1/30/15) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"We reiterate our Top Pick recommendation of SLW." (1/6/15) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"PVG's increase of gross proceeds to ~CA$99M for Brucejack is positive." (12/12/14) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"We remain optimistic on SLW's organic growth profile." (11/13/14) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"Drill results from GPR's first six San Ignacio holes were positive." (10/31/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"PVG's drill program confirmed grade and continuity of gold mineralization." (10/22/14) Pretium Resources Inc. - Ash Guglani, Salman Partners More >

"GPR reported total silver production of 566 Koz for Q3/14, a 35% QOQ increase." (10/17/14) Great Panther Silver Ltd. - Ash Guglani, Salman Partners More >

"SLW is a large metal streaming company with a robust organic growth pipeline." (10/1/14) Silver Wheaton Corp. - Ash Guglani, Salman Partners More >

"The results from RD's feasibility study were positive." (9/9/14) Red Eagle Mining Corp. - Ash Guglani, Salman Partners More >

"AMM's updated PEA for Ixtaca demonstrates stronger economics." (9/4/14) Almaden Minerals Ltd. - Ash Guglani, Salman Partners More >

"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 More >

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

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

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

"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 More >

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

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

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

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

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

"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 More >

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

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

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

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

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

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

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

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

"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 More >

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

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

"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 More >

"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 More >

"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 More >

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

"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 More >

"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 More >

"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 More >

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

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

"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 More >

"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 More >

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