G's Denver Gold Forum presentation highlights Highlights from Goldcorp's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Goldcorp (GG : NYSE, G : TSX | BUY, US$53.00)
• Production remains on track to meet guidance which was revised on Penasquito/Red Lake updates (2.35-2.45 Moz).
• Cerro Negro has over 80% of equipment in country. Still on track to pour first gold late in 2013.
• Eleonore on track for first pour in early 2014. Underground drilling has started. Plant construction expected to start in Q3/12.
• Still reviewing Supreme Court case at El Morro (JV with New Gold) in Chile which suspended environmental permit; little to no activity at site, but engineering activities continue.
• Feasibility study for Camino Rojo and Noche Buena (both deposits at Penasquito) due in Q3/12.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.