02:47:43 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 146,683,323
Close 2017-04-03 C$ 0.95
Market Cap C$ 139,349,157
Recent Sedar Documents

Globe says new coverage rates Falco "outperform"

2017-04-04 06:38 ET - In the News

The Globe and Mail reports in its Tuesday, April 4, edition that BMO Nesbitt Burns analyst Andrew Mikitchook, calling Falco Resources' Horne 5 project "an overlooked" gold development, began coverage with an "outperform" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mikitchook says in a note: "Falco Resources' 100-per-cent-owned Horne 5 deposit, located in Quebec, is one of the few 200,000 ounce-plus per year gold development assets in North America, and is fast tracking toward a construction decision and targeting potential commercial production in 2021. The Horne 5 PEA (2016) showed average gold production of 236,000 ounces (peak of 274,000 ounces per year) at a low $427/oz byproduct AISC due to significant byproducts with a capex of $905-million. The company is preparing to deliver a feasibility study in Q2 to define reserves and initiate the permitting process as well as preconstruction activities. With the appointment of Osisko-related management in 2014 and 2015, Falco gained a team with" a winning track record. Mr. Mikitchook set a share price target of $1.90. Analysts on average target the shares at $1.83.

© 2024 Canjex Publishing Ltd. All rights reserved.