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Spanish Mountain Gold - Progress on track

Thursday, Apr 12 2012 by

Apr 12th 2012 - Edison Investment Research today published a report on Spanish Mountain Gold entitled "Progress On Track". In summary, the report says:

Spanish Mountain Gold’s expectations that the measured and indicated resources at the Main Zone will rise to 3Moz with 2.5Moz recoverable have been encouraged by the latest figures for the in-fill drilling announced on 3 April 2012. These support management’s hopes, put forward in the March 2012 presentation, for 200,000+oz of gold production a year for more than 12 years opencast mining. This would be a major improvement on the 10-year production life of the mine as estimated in the preliminary economic assessment (PEA) of November 2010.




About Edison Investment Research

Edison Investment Research

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »