Representing 80% of global gold production, the Denver Gold Forum gathers the world's largest single grouping of gold stocks

Canaccord Genuity

Stockbroker

Representing 80% of global gold production, the Denver Gold Forum gathers the world's largest single grouping of gold stocks. The Forum started Tuesday and finishes Thursday. Canaccord Genuity (Australia)'s New York-based team is at the Forum, and several stocks under our coverage have presented already. Key takeaways from Oceanagold's (OGC) talk included a redesigned open pit with lower waste, resulting in a saving of $170-180 million over the life of mine. The underground inventory is now closer to 16 Million tonnes, compared to Reg's estimate of 12 Mt (and the previous figure of 8Mt). Oceana also mentioned that there are M&A opportunities they are seeing in the market. Oceanagold's (OGC) webcast is available on the Forum site. Reg Spencer had already moved the stock from a hold to a BUY (new PT$3.10) on the back of the announcement regarding the preliminary optimisation study for Didipio: (VIEW LINK)


Canaccord Genuity
Canaccord Genuity
Stockbroker
Stockbroker

Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...

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