
South Atlantic Gold Inc. (TSXV:SAO) – Notable News
May 9, 2022 South Atlantic Gold Inc. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) announced that it has completed the trenching portion of its Phase II
May 9, 2022 South Atlantic Gold Inc. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) announced that it has completed the trenching portion of its Phase II
April 11, 2022 South Atlantic Gold Inc. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) announced that it plans to perform a high-resolution airborne magnetic survey over
March 11, 2022 South Atlantic Gold Corp. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) announced that its Phase II exploration program is underway with a total
February 4, 2022 South Atlantic Gold Inc. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) announced that it has commenced Phase 2 exploration at its 100%-owned Pedra
December 20, 2021 South Atlantic Gold Inc. (TSXV:SAO, BUY, C$0.20 target, Taylor Combaluzier) has completed its previously announced financing for gross proceeds of C$1.75M. The
Yesterday, Red Cloud hosted the first day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 26 presenting companies including our keynote speaker Dr. Thomas Brady, Managing Director of Capitalight Research Inc., and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
South Atlantic (SAO) reported a maiden NI 43-101 resource for its Pedra Branca project in Brazil, following a recently completed Phase 1 RC drill program (read more). With the delivery of this technical report to Jaguar Mining (TSX:JAG, Not Rated), the company has completed a 100% earn-in of the Pedra Branca project. We believe the delivery of a maiden NI 43-101 resource estimate and completion of the 100% earn-in for Pedra Branca is a significant milestone for South Atlantic Gold. As such, we are implementing a share target price of C$0.25 which results in a lift of 178% and justifies our BUY rating (was BUY (S) and no target price).
June 21, 2021 South Atlantic Gold Inc. (TSXV:SAO, BUY (S), Taylor Combaluzier) announced that it has completed a review of the historical data from its
June 11, 2021 South Atlantic Gold Inc. (TSXV:SAO, BUY (S), Taylor Combaluzier) reported that it has completed the earn in for 75%-interest in the Pedra Branca