Precious Metals Consensus Comparables
Precious Metals Companies
|Note: Currency shown is that used by the
company for financial reporting. Currency does not always
reflect the country/market in which the company/stock
symbol trades. GAAP may differ between stocks due to countries
Thomson First Call Rating System: Buy (1.0), Buy/Hold
(2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)
Sources: Thomson First Call ratings & estimates, and company reports.
|Base metal prices are LME cash prices quoted
in US$ per lb.
Precious metal prices are London spot prices quoted
in US$ per oz.
Bill Matlack 201-217-5680
Barry Downs 775-852-3875
Bill Matlack and Barry Downs are stockbrokers
specializing in gold and mining equities with Aegis Capital
Corporation, New York, NY. Aegis Capital is a registered broker/dealer
and a member of the NASD and SIPC.
Company and Commodity Risk Disclosure
In addition to the risks involved in investing in mining companies
and commodities generally, we also highlight the following
risks that pertain to this sector. Metals and equity prices
are highly levered to the relative strength of the U.S. dollar,
economic growth, and inflation generally, as well as to political
and economic stability worldwide.
I, William Matlack, hereby certify that the views expressed
in this report accurately reflect my personal views about
the subject companies and commodities. I also certify that
I have not, am not, and will not receive, directly or indirectly,
compensation for expressing the specific recommendations or
views in this report.
The research analyst (or their household members) who prepared
this research beneficially owns mining company securities.
Aegis Capital Corporation (“Aegis”) or an affiliate
expects to receive and intends to seek compensation for investment
banking services from mining equity issuers within the next
3 months. The analyst who prepared this research report may
be compensated based upon (among other factors) investment
The opinions, estimates and projections contained herein are
those of Aegis as of the date hereof and are subject to change
without notice. Aegis makes every effort to ensure that the
contents have been compiled or derived from sources believed
reliable and contain information and opinions, which are accurate
and complete. However, Aegis makes no representation or warranty,
express or implied, in respect thereof, takes no responsibility
for any errors and omissions which may be contained herein
and accepts no liability whatsoever for any loss arising from
any use of or reliance on this report or its contents. Information
may be available to Aegis or its affiliates, which is not
reflected herein. This report is not to be construed as an
offer to sell, or solicitation for, or an offer to buy, any
securities. Aegis, its affiliates and/or their respective
officers, directors or employees may from time to time acquire,
hold or sell securities mentioned herein as principal or agent.
Aegis may act as financial advisor and/or underwriter for
certain of the corporations mentioned herein and may receive
remuneration for same. TO U.K. RESIDENTS: The contents hereof
are intended solely for the use of, and may only be issued
or passed onto, persons described in Part VI of the Financial
Services and Markets Act 2000 (Financial Promotion) Order