Perseus Mining Limited

PRU Details
 
Perseus Mining Limited’s (ASX:PRU) stock moved up 6.9% on June 07, 2017, led by surge in gold prices due to weak economic data in the U.S and rising geo political concerns. Recently, the company has reported timely progress on drilling program at its Yaouré Gold Project in Côte d’Ivoire, West Africa. PRU has a target of producing more than 500,000 ounces of gold from its West African mines by 2021. PRU stock has fallen 49% in the last six months (as on May 24, 2017) owing to the volatile environment seen in last few months while the group reported for a net loss attributable to members of $22.28m for the half-year to 31 December 2016. Over the past six months’ stock has declined by 48.7% and currently trading at its 52-week low levels. We give a “Buy” recommendation on the stock at the current price of $ 0.31

Alacer Gold Corp

AQG Details
 
For Q3FY17, Alacer Gold Corp (ASX:AQG) produced 32,918 ounces of gold, while attributable gold production was at 26,334 ounces. Total Cash Costs (C2) per ounce stood at $711 and All-in Sustaining Costs per ounce was at $898. Further, in early April, mining of the higher-grade west pit commenced with the receipt of the pasture permit and re-confirms 2017 production guidance of 160,000 to 180,000 ounces. Gold production in the first half of the year is expected to be between 35-40% of full year production. Moreover, expansion of the existing heap leach pad to 58 million tones continues to advance, while sulfide stockpiles at March 31, 2017 were 7.2 million tones at an average grade of 3.36 g/t gold. Meanwhile, stock has fallen by 17% in the last three months as on June 07, 2017. We give an “Expensive” recommendation on the stock at the current price of $ 2.16

Kingsgate Consolidated Limited

KCN Details
 
Kingsgate continues to progress its 100% owned Nueva Esperanza Project in Chile, with feasibility, permitting and seasonal exploration activities. The company aims to have permitting and feasibility outcomes in hand by the end of the second quarter of 2018 to be able to progress the project to development. Expenditure for the March quarter stood at A$3.5 million including approximately A$1.2 million on feasibility, permitting and administrative activities and A$2.3 million on exploration.
 
Further, it has completed a tender process for the engineering and technical components of the Feasibility Study with completion of the engineering components of the Feasibility study in the March quarter, 2018. Ahead of the detailed engineering for the feasibility study, consultant Ausenco completed two short processing trade-off studies in the quarter.  Moreover, 17-hole diamond drilling program to provide infill metallurgical data across the Arqueros, Chimberos and Teterita deposits commenced with 10 holes, totaling 1,443 meters, completed in the March Quarter. The metallurgical drilling program is planning to produce approximately 1,000 kilograms of samples for variability and filtration test work by ALS laboratories in Perth, Australia. KCN stock has fallen 30.4% in the last three months as on June 07, and trading at 52 week low levels. We give an “Expensive” recommendation on the stock at the current price of $ 0.205

Resolute Mining Limited

RSG Details
 
Resolute Mining Limited (ASX: RSG) is targeting an overall gold recovery of above 85% for Syama Project (as at mid May 2017, the overall project has been 44% complete). The staged commissioning of the project is on track for the end of March 2018. On the other hand, the gold production of 88,622 ounces was achieved at an All-In Sustaining Cost (AISC) of A$1,091 per ounce (US$827 per ounce) in the March quarter. Q3FY17, gold production was yet 259,180 ounces at an AISC of A$1,031 per ounce (US$778 per ounce). We give an “Expensive” recommendation on the stock at the current price of $ 1.23

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