Canaccord genuity raises barrick gold corporation (usa) (abx) target price

Canaccord Genuity released its review report on Barrick Gold Corporation (USA) ( NYSE:ABX) today. Noodles and company fair lakes The research house believes the company is succeeding with rebuilding trust and transparency. Noodles and company interview It increased the price target from $16.02 (CAD 21) to $16.4 (CAD 21.5); while reiterating a Buy stance.

On March 28, 2016, Barrick Gold filed its detailed technical reports to the Securities and Exchange Commission (SEC). Noodles of the world menu These were based on two key assets, the Lagunas Norte mine, and the Cortez Operations.


Noodles and company northville Lagunas Norte Gold Mine Details

The Lagunas Norte Gold Mine is situated in the District of Quiruvilca in Peru, and is owned by Minera Barrick Misquichilca (MBM), a subsidiary of Barrick Gold. Noodles and company 95th Activos Mineros S.A.C. Noodles restaurant recipes has rights to a 2.51% Net Smelter Return (NSR) royalty. Noodles & company locations Previously, this royalty was paid to Centromin Peru. Noodles and company jordan creek In December 2006, Centromin gave Activos Mineros all its rights to the mine.

Lagunas Norte is a huge open-pit, loaded with leach gold and silver mines in the high Andean Cordillera mountain range. Noodles and company chanhassen Operations include open pit mining of gold and silver ore, crushing, and extraction of precious metals through heap leaching and Merrill Crowe recovery. Noodles and company share price Production started in March 2005, and 9 million ounces of gold and silver have been recovered from the mine since then, as of December 31, 2015.

In June 2015, Barrick Gold completed its Preliminary Economic Assessment (PEA) into the Lagunas Norte mine, to ascertain how much sulphide could be processed from beneath the oxide-ore body in the current open pit. Noodles & noodles The study also looked into how much the mine’s life could be extended.

In December 2015, a pre-feasibility study for the Refractory Project was carried out. Noodles and company riverdale Under present conditions, open pit mining, and leaching of oxide material on the heap leach facility (HLF), is likely to proceed till CY23. Noodles and company nanuet Refractory ore is expected to be quarried and stored till CY21. Noodles and copany The process of obtaining permission, and the completion of the project is projected to take up to four years, from CY16 to CY19. Noodles and company jordan landing Following that, construction and commissioning is anticipated to take up an additional two years, from CY20 to CY21. House noodles Refractory gold production is expected to take place in late CY21, and continue till CY29.

This plan requires an initial investment of around $640 million, for the grinding-flotation-autoclave, and carbon-in-leach machinery installations, to be able to process 6000 tons per day. Noodles and noodles These machines are essential for refractory material treatment. Noodles and company nashua nh The study suggests that production will be 240,000 ounces per annum for the first five years. Noodles and company prices menu This average cost of production is likely to come to $625 per ounce. Healthy noodles and company Cortez Operations Details

The Cortez Open Pit, and Underground Mine Operations, are taking place in Eureka and Lander Counties, in Nevada. Noodles and company 104th federal Barrick Gold has a portfolio of five projects, and operates mines in five continents.

The Cortez Mine is a joint venture, owned 60% by Barrick Cortez, and 40% by Barrick Gold Finance. Noodles and company apply Its operations comprise Crossroads, Gap, Pipeline, Pediment open pits, Cortez Hills Open Pit (CHOP), the Cortez Hills underground (CHUG) mine, heap leach processing plants and heap leach pads, a 13,000 tons per day (tpd) carbon-in-leach (CIL) gold plant, and Gold Acres open pits.

The open pit is a large-scale operation using a routine truck and shovel fleet. Noodles and company sizes Mining involves around 400,000 tpd of ore and waste. Noodles etc hours Mining operations revolve between the different pits part of the Life of Mine (LOM) plan. Noodles and company carry out Its underground mine includes an automated system capable of working on 2,000 tpd. Rock n noodles menu The ore extracted from these mines is sent to a nearby oxide mill for further treatment on leach pads, while the refractory ore is dispatched to Barrick Gold’s Goldstrike facility for processing.

The company’s pre-feasibility study on the CHUG permitted areas part of the Cortez Underground Expansion Project is complete. Noodles and company folsom The results regarding potential contribution towards average underground production were positive, with production put at around 300,000 ounces per annum, between CY22 and CY26. Wiki noodles The project is likely to come down to an all-inclusive cost of $580 per ounce.

A detailed plan was put together following the study, according to which LOM is set to start the yearly production of 300,000 ounces, from CY22 to CY27. Noodles and company fargo Initial capital expenditure is expected to be $153 million.

This study assumed that the process of obtaining permission for the project would take three to four years. Noodles etc chicago il The company is likely to start this process during the first half of CY16. Noodles and compny According to that timeline, the dewatering and development work is projected to commence in late CY19 or early CY20, whereas production at the Deep South Zone is anticipated to start in CY22. Noodles and company timings Increased activity at the underground mine is likely to neutralize the end of mining in the Cortez Hills open pit. Noodles and company menu w prices They are expected to come to a close in CY18.

Canaccord says the company’s projected results not only support current valuations, but also contain considerable room for improvement due to continued exploration potential. Noodles and company tulsa menu Cortez is expected to remain a major contributor to revenue, for at least the next 10 years. Noodles 102 menu The Lagunas Refractory option on the other hand, will require a boost from revived gold prices, or further drilling. Noodles and company 400 south The remaining development pipeline is robust, owing to the expansion of the internally funded Goldrush, Alturas, and Turquoise Ridge (TR) projects. Noodles and compaby The cumulative production forecast for these projects is 1.6 million ounces. Noodles and company raleigh Why Global Gold Prices Surged?

Year-to-date (YTD), gold prices surged from a low of $1,074.61 per ounce, to a high of $1,272.25 per ounce, resulting in an 18% increase. Noodles and company iowa city During the period, global economic conditions compelled investors to opt for investments in gold. Noodles and company west bend For a while, it seemed the worst was over, but the aftermath of the Brussels attack pulled most stocks except gold, down. Company and noodles The precious metal thereafter touched its peak on Wall Street. Order noodles and company online Investors also have one more thing to worry about: whether the Federal Reserve will increase interest rates in its upcoming monetary policy.

On March 22, 2016, Philadelphia Fed president Patrick Harker said that rates should be increased owing to robust US labor market data. Italy noodles He said regulators should consider tightening monetary policy in the forthcoming session.