highlights of Yamana's presentation at Denver Gold Highlights from Yamana Gold's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Yamana Gold (AUY : NYSE, YRI : TSX | BUY, US$24.50)
• Focus on low risk (capital and execution) growth to 1.75 Moz by 2014.
• Beyond this, Suyai and Cerro Moro should each add 200,000 oz/yr and Jeronimo another 150,000 oz (100% basis).
• Chapada mine, will benefit from 40-50,000 oz incrementally from suruca. But big upside potential is corpo sul with year end resource update pending, this deposit should extend mine life and enhance copper production profile.
• Cerro Moro - tremendous exploration potential, 30 known veins but another 20 vein targets as yet untested.
• Corpo Sul considered ore feed contributor to Chapada mill as of 2014+, but with the size of the deposit growing, there is potential for this to become its own mine.
• Cerro Morro update plan by year-end (based on experience at El Penon and Mercedes), may sacrifice ounces vs. Extorre estimates, but expects to increase grade.
• We believe Yamana is the best near-to-medium term growth opportunity in our sr/int coverage group.
• Has suggested that its cash flow is expected to increase by year and there is strong potential to increase dividend.
• "Growth company, but growth across all measures" (cash flow growth, production growth, dividend growth, etc.).
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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.