Stockhead taps our extensive list of experts in Money Talks, a regular drill down into the sectors and companies that investors have their eye on right now.
Who wants three for free? Our expert has his eye on an overlooked Brazilian project developer, a large cap West African miner, and an explorer with plans to resurrect a historic Canadian gold field.
Low AISC is the reason why Roberts also loves some of the West African producers. West Africa is where a lot of the sub $US900/oz gold is going to be found, he says.
“And these companies still get the ‘Africa discount’, where assets are priced below the equivalent in ‘safe’ jurisdictions like our own,” Roberts says.
“My argument is that the ‘Africa discount’ is lessening.”
Perseus Mining’s Yaouré development project in Côte d’Ivoire — the company’s third mine in West Africa — is on target for first gold pour in December, subject to no COVID-19 related delays.
~260,000oz-per-annum (ozpa) Perseus wants to be a 500,000ozpa producer by FY2022.
“That stock is recovering quite nicely from the COVID-19 crisis, and people are expecting quite good things from [Yaouré],” Roberts says.
Auteco is a ‘battery metals turned goldie’ success story.
The exploration stock is up ~500 per cent since ditching vanadium to buy a historic 1.5-million-ounce Canadian gold project called Pickle Crow in January this year.
“Auteco has run pretty hard,” Roberts says.
“It’s interesting because this was a mine last worked in the 1960s when the average head grade was 9 grams per tonne.
“When a field has stayed idle for that long there’s going to be a lot of juicy stuff in the neighbourhood.”
“But that has changed – gold heading to $US2,000/oz has resurrected a whole bunch of interesting fields,” he says.
“So, watch out for anything going in Canada, especially the more mining friendly provinces.”
Stuart Roberts is the co-founder of Pitt Street Research, an equities research firm specialising in issuer-sponsored research on ASX-listed companies.
The views, information, or opinions expressed in the interviews in this article are solely those of the interviewees and do not represent the views of Stockhead.
Stockhead does not provide, endorse or otherwise assume responsibility for any financial product advice contained in this article.
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