RE:Does PG want to be the 800- pound gorilla of Val-d’Or? Last week's upbeat article from The Northern Miner
In a research note on Tuesday, Canaccord Genuity analysts Jeremy Hoy and MacGregor Ross said they’re encouraged by the continued drilling success at Monique, “featuring hits outside the current resource envelope at comparable grades.”
They added that they’re looking forward to the upcoming preliminary economic assessment (PEA) for the project, expected in early 2024, which they said they believe will outline a mine plan with more ounces, higher production levels and updated costs and with more certainty than the initial 2021 PEA.
“We continue to like Probe for its 5Moz+ and growing gold resource, robust project economics, substantial production potential, and lower geopolitical risk,” they said.In a research note on Tuesday, Canaccord Genuity analysts Jeremy Hoy and MacGregor Ross said they’re encouraged by the continued drilling success at Monique, “featuring hits outside the current resource envelope at comparable grades.”
They added that they’re looking forward to the upcoming preliminary economic assessment (PEA) for the project, expected in early 2024, which they said they believe will outline a mine plan with more ounces, higher production levels and updated costs and with more certainty than the initial 2021 PEA.
“We continue to like Probe for its 5Moz+ and growing gold resource, robust project economics, substantial production potential, and lower geopolitical risk,” they said.