Canaccord: Argonaut Gold Has Strong Re-Rating Potential

  |  Dec 12, 2012

Argonaut Gold may see strong re-rating potential following execution on ramp-ups at El Castillo, La Colorada in addition to advancement of Santonio, Magino projects, Canaccord analyst Rahul Paul said in note.
* AR CN remains focus list pick based on attractive valuation in context of one of most attractive, fully funded growth profiles in sector
* Smaller scale operation at Magino may be right decision as it should facilitate cost control, management of development risks
* Lower grade mineralization may provide for future substantial upside under higher gold price by supporting potential production expansion
* AR CN has 7 buys, 2 holds, PT C$14: Bloomberg

* NOTE yday: AR CN, PDG CN complete business combination
* NOTE Oct. 16: Prodigy’s Magino May Be Attractive to
Intermediates: Canaccord

Learn to Find the BIG Winners...

 Your Free Report Includes...CriteriaLogo

  • The 8 Criteria for Growth-Oriented Producers
  • The 6 Criteria for Exploration Companies
  • **Bonus Report: 17-Page Premium Global Update
  • **Bonus: Analysis of Equities, Commodities & Bonds

Enter Your Email Below To Get Your 2 Free Reports!


Powered by WPSubscribers