highlights from Centerra Gold's presentation at De Highlights from Centerra Gold's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Centerra Gold (CG : TSX | HOLD, C$8.70)
• Kumtor mine will resume open pit mining this week in the SB zone with completion of waste stripping campaign, which should improve head grades in last few weeks of Q3 and into Q4.
• Pit expansion study is expected to be completed/released at the end of Q3 (may take some portion of underground resources into pit context). Key item is ongoing review of mine by State Commission, which may or may not lead to changes in fiscal terms, still expected to be complete in October. Market continues to deeply discount the shares given this risk.
• ATO project: conversion of exploration license to mining license has been approved.
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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.