Metminco (MNC) owns the Quinchia Gold Portfolio located in central Colombia within the prolific Middle Cauca Belt. This region is host to numerous largescale projects including AngloGold’s 28Moz La Colosa and Gran Colombia’s 8Moz Marmato gold deposits. With assay results from its nearby Tesorito gold prospect pending, we expect a re-rating of MNC’s stock on the back of results, confirming extensive gold mineralisation. We initiate coverage with a Buy recommendation and a tar
09 Jul 2018
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New strategy under new management
Metminco (MNC) owns the Quinchia Gold Portfolio located in central Colombia within the prolific Middle Cauca Belt. This region is host to numerous largescale projects including AngloGold’s 28Moz La Colosa and Gran Colombia’s 8Moz Marmato gold deposits. With assay results from its nearby Tesorito gold prospect pending, we expect a re-rating of MNC’s stock on the back of results, confirming extensive gold mineralisation. We initiate coverage with a Buy recommendation and a tar