Buy Recommendation - Ian Parker of Hartleys, WA Sunday Times 9/02/14.
Brazilian-based gold producer BDR has released production guidance for calendar 2014 of 190,000 - 210,000 ounces and guidance of cash costs of $US535 to $US585/oz. The company is scheduled to repay the remaining $US62 million of debt this year. There is upside with near-mine exploration potential in Brazil, as well as high risk-return exploration potential in Australia at the Tropicana project.
End of Report
BDR Price at posting:
79.0¢ Sentiment: None Disclosure: Held
