Aureus Mining Inc.Grey Market
Jun. 8, 2015, 12:19 PM
- AngloGold Ashanti (AU -1%) and Acacia Mining (OTC:ABGLF) are the miners in Africa that should be best positioned for increased production growth, RBC says, adding that it also likes Asanko Gold (AKG +1.2%) and Aureus Mining (OTC:ARSMF).
- RBC says Acacia (formerly African Barrick Gold) has made significant progress, driving down all-in sustaining costs to below $1,100/oz. and increasing production guidance; for AU, the firm expects the combination of improved operating performance following the placing of the Obuasi mine on care and maintenance, and the likelihood of asset disposals to support a re-rating of the stock.