02:29:51 EDT Thu 13 Jun 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Snowline Gold Corp
Symbol SGD
Shares Issued 146,912,570
Close 2024-01-29 C$ 5.41
Market Cap C$ 794,797,004
Recent Sedar Documents

Globe says Nizami rates Snowline Gold "outperform"

2024-01-30 09:02 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial analyst Rabi Nizami rates Snowline Gold "outperform," with a $9 share target, in new coverage. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $9.80. Mr. Nizami sees Snowline Gold's Valley project in the Selwyn basin of eastern Yukon as "a significant new discovery with tier one potential." Mr. Nizami says in a note: "We see the potential for up to 10 million ounces to be delineated over time in a bulk-tonnage open-pit scenario. Our confidence stems from the remarkably high quality of mineralization: consistent grades across hundreds of metres, composite averages not swayed by outliers (no 'nugget effect'), negligible impact from grade capping, clean metallurgy with no sulfides and a coherent geometry suitable for low-strip open pit mining with high grades starting from surface. ... The potential scale of Valley is of interest to senior mining companies that are competing for Tier One assets that can add meaningful production scale for a reasonable capex payback and long mine life with exploration upside in low geopolitical risk jurisdictions such as Canada."

© 2024 Canjex Publishing Ltd. All rights reserved.