AuRico Gold Inc | StockChase
44
AuRico Gold Inc (AUQ-T (Merged))

Last Price Recorded: $0.0000 on 2015-07-06

ON STOCKCHASE SINCE Jun 2003

Merged with Alamos Gold (AGI-T) (July 2015)

precious metals
44
AuRico Gold Inc (AUQ-T (Merged))

Last Price Recorded: $0.0000 on 2015-07-06

ON STOCKCHASE SINCE Jun 2003

Merged with Alamos Gold (AGI-T) (July 2015)

precious metals

AuRico Gold Inc


Signal Opinion Expert
COMMENT

In the midst of merging with Alamos Gold (AGI-T). It has been a troubled mine developer and a good example of why he doesn’t invest in mine developers. The balance sheet just deteriorates and they had to cut their dividend. Alamos brings a strong balance sheet and the ability to take Young-Davidson mine over the finish line and fully develop it. They will continue to drain cash out of the company as that asset ramps up. Doesn’t see a whole lot of free cash flow coming out of the company in 2016-2017, which is the main reason he is not there.

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In the midst of merging with Alamos Gold (AGI-T). It has been a troubled mine developer and a good example of why he doesn’t invest in mine developers. The balance sheet just deteriorates and they had to cut their dividend. Alamos brings a strong balance sheet and the ability to take Young-Davidson mine over the finish line and fully develop it. They will continue to drain cash out of the company as that asset ramps up. Doesn’t see a whole lot of free cash flow coming out of the company in 2016-2017, which is the main reason he is not there.

precious metals
Jon Case

Portfolio Manager, Sentry Investments...

PricePrice
$3.860
Owned Owned
No

COMMENT

(See comments under Gold.) The only problem he has with this is that it may be a sector laggard. He would prefer gold stocks that are out performers in the sector. He wouldn’t add to this one, but would pick another stock instead.

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(See comments under Gold.) The only problem he has with this is that it may be a sector laggard. He would prefer gold stocks that are out performers in the sector. He wouldn’t add to this one, but would pick another stock instead.

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Bill Carrigan

Technical Analyst, Getting Technical In...

PricePrice
$4.950
Owned Owned
Unknown

COMMENT

One of the most impressive underground mines he has ever been to. Have haulage systems, automation, which is incredible. Was skeptical last year they would be able to get tonnage up to their target. They have beaten all their target levels. Doing a really good job. Underground reserve grade is about 2.7 grams per ton, which for an open pit would be spectacular, so this is one of the lower grades for an underground mine.

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One of the most impressive underground mines he has ever been to. Have haulage systems, automation, which is incredible. Was skeptical last year they would be able to get tonnage up to their target. They have beaten all their target levels. Doing a really good job. Underground reserve grade is about 2.7 grams per ton, which for an open pit would be spectacular, so this is one of the lower grades for an underground mine.

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$4.420
Owned Owned
No

WATCH

Paid a lot of money in terms of dividends when they sold one of their Mexican projects recently. Their marquee asset is now the Young-Davidson mine and is one of the best underground mines that he has seen developed in the last decade. He is a bit cautious on the grade which is about 2.74 g per ton, which is fairly low grade for an underground mine. Wants to watch how they ramp up production before getting back in. When a mistake is made or there is a problem, high grades will cover mistakes whereas low grades margins are already potentially tight.

precious metals

Paid a lot of money in terms of dividends when they sold one of their Mexican projects recently. Their marquee asset is now the Young-Davidson mine and is one of the best underground mines that he has seen developed in the last decade. He is a bit cautious on the grade which is about 2.74 g per ton, which is fairly low grade for an underground mine. Wants to watch how they ramp up production before getting back in. When a mistake is made or there is a problem, high grades will cover mistakes whereas low grades margins are already potentially tight.

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$4.820
Owned Owned
No

BUY

Gold is a trade right now.  Likes this one and would recommend it, although these are not cheap any more. 

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Gold is a trade right now.  Likes this one and would recommend it, although these are not cheap any more. 

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John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$5.530
Owned Owned
Unknown

DON'T BUY

Predominantly in Ontario.  Have a Mexican asset.  A lot of the cash flow has to get re-invested to ramp up project in Ontario.  He has bought it on weakness in the past.

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Predominantly in Ontario.  Have a Mexican asset.  A lot of the cash flow has to get re-invested to ramp up project in Ontario.  He has bought it on weakness in the past.

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Jon Case

Portfolio Manager, Sentry Investments...

PricePrice
$5.090
Owned Owned
No

WATCH

Have done a pretty good job.  Instituted a dividend.  Mining from underground and testing new equipment over the next 6 months.  He prefers to keep a watch at this time.  Buy below $3.50

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Have done a pretty good job.  Instituted a dividend.  Mining from underground and testing new equipment over the next 6 months.  He prefers to keep a watch at this time.  Buy below $3.50

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Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$5.180
Owned Owned
Unknown

WEAK BUY

Likes the range of assets. 

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Likes the range of assets. 

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Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$4.800
Owned Owned
No

COMMENT

Likes this but doesn’t own. Sees many, many names in the gold space that are cheaper.

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Likes this but doesn’t own. Sees many, many names in the gold space that are cheaper.

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Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$6.170
Owned Owned
No

BUY

Had been Short this because he thought they were going to have a capital shortfall in the summer. However, they were able to sell an asset so the stock had a nice rebound. Looks pretty attractive here.

precious metals

Had been Short this because he thought they were going to have a capital shortfall in the summer. However, they were able to sell an asset so the stock had a nice rebound. Looks pretty attractive here.

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James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$7.790
Owned Owned
No

HOLD

(Market Call Minute.) Have recently had a few production issues. Valuation is fair.

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(Market Call Minute.) Have recently had a few production issues. Valuation is fair.

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John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$6.260
Owned Owned
Unknown

COMMENT
Have a very nice operation in their Young Davidson mine that is just in the phase of commissioning. It just hit a 52-week low because of weakness on their Ocompo Mexican mine as well as the departure of their CEO because of medical reasons. Cheap, but not his favourite.
precious metals
Have a very nice operation in their Young Davidson mine that is just in the phase of commissioning. It just hit a 52-week low because of weakness on their Ocompo Mexican mine as well as the departure of their CEO because of medical reasons. Cheap, but not his favourite.
precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Managem...

PricePrice
$6.690
Owned Owned
No

BUY
Mexican gold player. Recently acquired Northgate Minerals. Looking to optimize both their Mexican and Canadian assets, which could double their production. Good company. Stock is very cheap right now and should move up very nicely.
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Mexican gold player. Recently acquired Northgate Minerals. Looking to optimize both their Mexican and Canadian assets, which could double their production. Good company. Stock is very cheap right now and should move up very nicely.
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Alice Tsang

Portfolio Manager, Marquest Asset Manag...

PricePrice
$8.890
Owned Owned
Unknown

DON'T BUY
He has a target price of $10 so feels it is fully valued. He is neutral on this one. With this one, you mainly get the rise in the price of the commodity. There are others that look better.
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He has a target price of $10 so feels it is fully valued. He is neutral on this one. With this one, you mainly get the rise in the price of the commodity. There are others that look better.
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Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global W...

PricePrice
$10.350
Owned Owned
No

BUY
One of the gold socks where he thinks the money is going to go to. Expect it will work higher.
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One of the gold socks where he thinks the money is going to go to. Expect it will work higher.
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Bill Carrigan

Technical Analyst, Getting Technical In...

PricePrice
$9.740
Owned Owned
Unknown

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