TICKERS: ,

Integra Gold's Lamaque Looking Better Than Ever After Updated PEA Announcement

Source: The Gold Report (3/9/17)

Integra Gold's updated 2017 PEA on the Lamaque South Gold Project doubled the life of mine estimate, increased total ounces 156% and reduced total mine costs to CA$86/tonne.

In a Feb. 27 press release, Integra Gold Corp.'s (ICG:TSX.V; ICGQF:OTCQX) announced an updated PEA for its 100% owned Lamaque South Gold Project located in Quebec. A few positives from the PEA included an increase in mine life from 4.5 years to 10.5 years, average gold production projected at 123,000 ounces annually and a reduction in total mining costs to C$86/tonne.

Integra President and CEO Stephen de Jong added that "this study further demonstrates Lamaque's extremely rare positioning as a project in a safe jurisdiction with high grades and high margins, with the potential to be up and running in less than two years."

Supporting de Jong's optimistic statements was Tara Hassan, an analyst for Raymond James. In the Raymond James Mar. 2 report, Hassan stated that "the most significant positive changes over the previous study were increases to throughput, annual production, and mineable resources." Hassan highlighted that "Lamaque ranks well against Canadian producers. . .and now, with the updated PEA, this is even truer. Comparing producing projects with an average resource grade of greater than 2 g/t Au, Lamaque's new production profile moves it up one spot to rank 9^th, and its top rank on costs is maintained. Integra's current valuation (0.66x NAV and US$55/oz) also ranks it favorably against a group of developer peers (0.68x NAV and US$61/oz)."

George Topping, an analyst with iA Securities, pointed out in a Mar. 2 report that "this PEA is a good step on the way to a full Feasibility Study. We expect the total mineable resource to reach 3 Moz in 2018. We have made adjustments to our model and maintain our Buy Rating."

Macquarie Research Analyst Michael Gray wrote in a Feb. 28 report that "ICG is one of the most active junior exploration companies globally and also in the developer stage with a robust +10yr mine life, Feb/17 UPEA, and [an] underground bulk sample program underway in 3Q17 at its flagship Lamaque."

Gray also pointed out that "in September 2014, ICG acquired the permitted Sigma-Lamaque milling facility, which we think was a 'game-changing' transaction, reducing initial capital costs, and potentially shortening the timeline to production . . .in the same transaction ICG also acquired the historic Sigma and Lamaque mines." The Sigma and Lamaque mines were later used for the Gold Rush Challenge event at the 2016 annual Prospectors and Developers Association of Canada (PDAC) convention. This year at PDAC Integra Gold teamed up with Goldcorp Inc. (G:TSX; GG:NYSE) and four top technology companies—Microsoft, IBM, Accenture and Cisco—on a mining innovations event called #DisruptMining. Michael Gray believes these two events "reflects management's bold and innovative approach to the discovery & development process and also marketing."

Read what other experts are saying about:

Integra Gold Corp.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Integra Gold Corp. Streetwise Reports does not accept stock in exchange for its services. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview or article until after it publishes.

Additional disclosures about the sources cited in this article

Disclosures from Raymond James, Integra Gold Corp., March 2, 2017

Analyst Compensation: Equity research analysts and associates at Raymond James are compensated on a salary and bonus system. Several factors enter into the compensation determination for an analyst, including i) research quality and overall productivity, including success in rating stocks on an absolute basis and relative to the local exchange composite Index and/or a sector index, ii) recognition from institutional investors, iii) support effectiveness to the institutional and retail sales forces and traders, iv) commissions generated in stocks under coverage that are attributable to the analyst’s efforts, v) net revenues of the overall Equity Capital Markets Group, and vi) compensation levels for analysts at competing investment dealers.

The views expressed in this report accurately reflect the personal views of the analyst(s) covering the subject securities. No part of said person's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. In addition, said analyst has not received compensation from any subject company in the last 12 months.

Raymond James Ltd. or its affiliates expects to receive or intends to seek compensation for investment banking services from all companies under research coverage within the next three months.

Integra Gold Corporation: Raymond James Ltd. has managed or co-managed a public offering of securities within the last 12 months with respect to ICG.

Raymond James Ltd. has provided investment banking services within the last 12 months with respect to ICG.

Raymond James Ltd. has received compensation for investment banking services within the last 12 months with respect to ICG.

Disclosures from IA Securities, Integra Gold Corp., March 2, 2017
The research analyst and or associates who prepared this report are compensated based upon (among other factors) the overall profitability of iA Securities, which may include the profitability of investment banking and related services. In the normal course of its business, iA Securities may provide financial advisory services for the issuers mentioned in this report. iA Securities may buy from or sell to customers the securities of issuers mentioned in this report on a principal basis.

Analyst’s Certification: Each iA Securities research analyst whose name appears on the front page of this research report hereby certifies that (i) the recommendations and opinions expressed in the research report accurately reflect the research analyst’s personal views about the issuer and securities that are the subject of this report and all other companies and securities mentioned in this report that are covered by such research analyst and (ii) no part of the research analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

iA Securities permits analysts to own and trade in the securities and or the derivatives of the issuer under their research coverage, subject to the following restrictions. No trades can be executed in anticipation of coverage for a period of 30 days prior to the issuance of the report and 5 days after the dissemination of the report to our clients. For a change in recommendation, no trading is allowed for a period of 24 hours after the dissemination of such information to our clients. A transaction against an analyst’s recommendation can only be executed for a reason unrelated to the outlook of the stock for the issuer and with the prior approval of the Director of Research and the Chief Compliance Officer.

In the past 12 months, neither iA Securities, its officers or directors, nor any analyst involved in the preparation of this report have provided services to the issuer for remuneration other than normal course investment advisory or trade execution services.

Disclosures from Macquarie Research, Integra Gold Corp., Feb. 28, 2017
ICG CN: MACQUARIE CAPITAL MARKETS CANADA LTD./MARCHÉS FINANCIERS MACQUARIE CANADA LTÉE. or one of its affiliates managed or co-managed a public offering of securities of Integra Gold Corp in the past 12 months, for which it received compensation.

Important disclosure information regarding the subject companies covered in this report is available at www.macquarie.com/research/disclosures.

Analyst certification: We hereby certify that all of the views expressed in this report accurately reflect our personal views about the subject company or companies and its or their securities. We also certify that no part of our compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. The Analysts responsible for preparing this report receive compensation from Macquarie that is based upon various factors including Macquarie Group Ltd total revenues, a portion of which are generated by Macquarie Group’s Investment Banking activities.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.

Franco Will Increase Production Without Cobre Panama
Source: Adrian Day (04/17/2024)

Global Analyst Adrian Day looks at first-quarter results from three resource companies, as well as recaps Francos annual "investor day." Overall, he believes the results were positive.

Significant Gold Discoveries Reported at K2 Zone
Source: Streetwise Reports (04/17/2024)

New Found Gold Corp. has reported gold intercepts from its K2 Zone at the Queensway project in Newfoundland and Labrador. and Labrador. Read on to see what some experts are saying about this gold stock.