IKN

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Quid pro quo, Scotia

Because Scotia’s lying toerag of an analyst Ovais Habib has no problem about ripping off IKN for his information and pretending he got the information all by himself instead, here come the script, numbers and charts from Scotia on its 3q14 mid-tier gold/silver miner production previews.
And I haven’t even started yet, Ovais. Anytime you want to send that message of apology don’t let anyone else stop you. Fuckwit.

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Here’s the intro…

Scotia Precious Metals Research has incorporated Q3/14 realized precious and base metal prices into our financial forecasts and fine-tuned our production estimates to account for factors such as weather for the mid-tier gold/silver producers. We expect a strong production rebound from Teranga after a weak Q2/14 and a >20% bump for B2Gold following the SAG mill replacement at Masbate. Silver Standard, Argonaut, Golden Star and Allied Nevada should also improve materially. SEMAFO may not be able to continue its Q2/14 level of production as the rainy season in Burkina Faso is expected to hamper Q3/14. Lower grades and recoveries are likely to push Timmins production lower as well. Free cash flow (FCF) is still hard to come by with none of our silver names expected to achieve it. For the golds, SEMAFO and Timmins are forecast to make FCF again in Q3/14 to be joined by Argonaut, Rio Alto and Osisko. Page 7 of this report provides a ready reference as companies begin reporting their Q3/14 operating results next week. We have also provided at-a-glance graphs and trend-lines to better illustrate how production and costs are expected to play out for the balance of 2014. We see the best value from companies exemplifying rising production profiles and improving all-in sustaining costs. Our top picks are Detour Gold, B2Gold and Rio Alto.

…and here are those page 7 charts:

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