Atlantic Gold (TSX-V:AGB) shares are breaking out this morning to fresh 52-week highs as the Nova Scotia gold explorer prepares to become a gold producer next quarter:
Haywood Securities offered the following comments this morning:
” We see the Company delivering 1st gold pour late next quarter, and as such it will transcend into the gold producer realm. On such a transition, the Company represents one of the few new gold producers coming into production in 2017, and given the jurisdiction, the conventional approach to mining and material processing, and the organic production growth potential, we believe that Atlantic represents an attractive potential target for mid-tier gold producers….In 2017, we forecast that Atlantic could reach first gold production by as early as late Q3/17 and forecast production of 20 koz gold production this year. 2018 is expected to generate 90 koz gold at a cash cost of US$379 per ounce.”
Atlantic looks like a company and a stock chart that investors should put on their radar. Nova Scotia is also an area of Canada that I have taken an increased interest in and I expect to have some additional posts on Nova Scotia gold explorers over the coming weeks.
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