Thursday, September 18, 2025

Latest

K92 Mining: Canaccord Raises Target To $12.50 From $8.75

Yesterday morning Canaccord analyst Tom Gallo upgraded his twelve-month price target on K92 Mining (TSXV: KNT) to C$12.50 from C$8.75 while reiterating his Buy rating on the company. Gallo headlined the target change with “pounding the table on one of the best ore bodies we’ve ever seen.”

The price target increase comes after Canaccord added the exploration upside, and the second quarter resource update. Gallo says that he “envisioned a slightly different future operating scenario than is outlined in recently PEA.”

Canaccords model reflects 44,000 ounces with a full ramp-up to beyond Phase 3 numbers by 2025. Further, they modeled 1.3 million tonnes per annum of processing, versus the preliminary economic assessment figure of 1.0 million tonnes per annum, which is mainly due to the 400 kilotonne per annum plant. The plant is currently in use but management believes that it will sit idle going forward. Gallo comments on this, saying, “We do not think this is likely and believe the ore body and ongoing twin incline will support increased throughput.”

Gallo has forecasted for a life of mine operating cash cost of $389 per ounce and an all-in sustaining cost of $517 per ounce, versus the PEA of $202 per ounce and $362 per ounce, respectively. Gallo reflects on this, stating it is a, “key area for further upside to our target.”

Below you will find a scenario analysis that models a potential upside of $20.52 and a downside of $6.72. Gallo adds that this “shows a risk
profile skewed to the upside supportive of our BUY rating and Top Pick status.”


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Canopy: BofA Slashes Price Target To $19

On November 19th, Bank Of America terminated coverage on Tilray and Aurora Cannabis citing a...

Saturday, November 27, 2021, 12:43:00 PM

Raymond James: 7% Mortgage Rates Are The Breaking Point

It looks as if Raymond James is the first investment bank to throw in the...

Tuesday, October 25, 2022, 03:56:00 PM

Aphria: PI Financial Raises Price Target, Canaccord Reiterates Target

Last week, Aphria Inc (TSX: APHA) (NASDAQ: APHA) reported their year-end and fourth-quarter financial statements....

Sunday, August 2, 2020, 01:30:00 PM

Haywood Initiates On Bragg Gaming With $3.00 Price Target

Earlier this week, Haywood Capital Markets initiated coverage on Bragg Gaming (TSX: BRAG) with a...

Wednesday, April 28, 2021, 03:21:00 PM

Facebook Blows Analyst Expectations Away With Strong Results

Facebook Inc (NASDAQ: FB) opened 8% higher Thursday morning, reaching record highs and closing in...

Saturday, May 1, 2021, 03:34:00 PM