AuRico Gold Inc

AUQ-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about AUQ-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 17, 2015

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.

COMMENT
COMMENT
August 12, 2014

(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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AuRico Gold Inc (AUQ-T)
August 12, 2014

(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.

COMMENT
COMMENT
August 5, 2014

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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AuRico Gold Inc (AUQ-T)
August 5, 2014

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.

WATCH
WATCH
March 25, 2014

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.

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AuRico Gold Inc (AUQ-T)
March 25, 2014

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.

BUY
BUY
March 3, 2014

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.

DON'T BUY
DON'T BUY
February 3, 2014

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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AuRico Gold Inc (AUQ-T)
February 3, 2014

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.

WATCH
WATCH
June 10, 2013

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

WEAK BUY
WEAK BUY
May 7, 2013

Likes the range of assets.

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Likes the range of assets.

COMMENT
COMMENT
March 5, 2013

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.

BUY
BUY
December 28, 2012

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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AuRico Gold Inc (AUQ-T)
December 28, 2012

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.

HOLD
HOLD
October 9, 2012

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

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AuRico Gold Inc (AUQ-T)
October 9, 2012

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

COMMENT
COMMENT
July 26, 2012
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.
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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.
BUY
BUY
March 30, 2012
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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AuRico Gold Inc (AUQ-T)
March 30, 2012
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.
DON'T BUY
DON'T BUY
April 29, 2011
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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AuRico Gold Inc (AUQ-T)
April 29, 2011
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.
BUY
BUY
April 1, 2011
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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