Columbus Gold Corp.

Columbus Gold is a leading gold exploration and development company operating in French Guiana and Nevada. In French Guiana, Columbus is developing its 45% owned Montagne d'Or Gold Deposit, which hosts NI-43-101 Proven and Probable Reserves of 2.75 Moz gold (54.11 Mt @ 1.58 g/t). The results of the March 2017 Bankable Feasibility Study demonstrate an open pit mining operation with average annual gold production of 237,000 oz over the first 10 years of mine life at an average grade of 1.73 g/t that results in an average AISC of US$749 per ounce. There is considerable expansion potential on strike and at depth and exploration drilling is currently underway.

In Nevada, Columbus Gold is currently advancing its 100% owned Eastside Gold Project, hosting an NI-43-101 gold resource of 654,000 ounces of gold and 3.9 Moz of silver (35.78 mt @ 0.57 g/t gold and 3.5 g/t silver at 0.15 g/t gold cut-off), 32km west of Tonopah. To date, a total of 37,311 meters (122,411 ft) of drilling in 136 holes has been completed, and advanced detailed metallurgical studies are underway. Further drilling at target-5 (identical geology to the original target) is underway. The company also has controlling interest in 12 other gold projects in Nevada, Arizona and New Mexico.

Expert Comments:

"Emmanuel Macron [the new president of France] visited the Montagne d'Or gold exploration/development story that Columbus Gold Corp. has in a joint venture with Nordgold in French Guiana. He came out as very pro-mining." read more >

Eric Coffin, Hard Rock Analyst (4/7/17)
"Columbus Gold Corp.'s bankable feasibility study indicates Montagne d'Or is a viable project with an NPV (all figures 100% basis) of $370M and an after-tax internal rate of return of 18.7% using a 5% discount rate and a gold price of $1,250/oz. The mine would produce 214 Koz/year over a 12-year mine life. . .Nordgold now has 30–60 days to make a construction decision."

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/1/17)
"The bottom line is that Columbus Gold Corp.'s Montage d'Or project has now been significantly derisked, with substantial upside obvious. More upside potential is in the process of being identified to the market. . .given industry metrics, it's easy to see a takeover offer from a major miner resulting in as much as a doubling of the company's share price from current levels."

The release of the bankable feasibility study for the JV Montagne d'Or gold project in French Guiana, with Columbus Gold in partnership with Nordgold, has experts speculating on buyout prospects.
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Byron King, Gold Speculator (3/28/17)
"As of yesterday, Columbus Gold Corp. had a market cap of about $110M; frankly, considering Montagne d'Or and what we already know, that number is too low. I foresee a recovery as people begin to figure out the value play here. . .eventually, we'll enjoy strong upside for the company."

Brien Lundin, Golden Opportunities (3/28/17)
"A few days ago, the feasibility study for Columbus Gold Corp.'s project was released. . .the report showed "only" 2.745 million ounces in these reserves. . .in addition, the report identified another 960,000 ounces in inferred resources (over and above the measured and indicated gold resources). And all of this gold is already inside the proposed pit. . .perhaps most importantly, the production of a bankable feasibility study removes much of the risk of a gold project…and essentially makes it much easier to sell to a major miner. . .I've been recommending Columbus Gold to my readers for years, waiting for just this opportunity to emerge."

Gwen Preston, Resource Maven (3/22/17)
"The feasibility study for Montagne d'Or is out and it outlines a large and economic gold mine. . .with the study now out, Nordgold has 90 days to make a construction decision. . .Nordgold and Columbus are finally on the same side; they both want to make this project the best it can be."

More Expert Comments

Experts Following This Company

Eric Coffin, Owner – HRA Advisory
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Louis James, Editor – Casey Research
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bob Moriarty, Author 321 Gold
Gwen Preston, Founder Resource Maven

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Fully Financed in French Guiana to Advance to Bankable Feasibility (by Nov, 2016)
Resource Estimate at the Eastside Gold project in Nevada (by Q1, 2017)
Strong Treasury and Undervalued to Peer Group