Ovoca Gold is on the hunt to find a strategic partner to share in the rewards that the Russian Far East has to offer, CEO Tim McCutcheon says.
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Ovoca Gold Plc is a Moscow-based gold exploration and mine development company with a strong balance sheet and an exciting portfolio of gold properties in the Magadan region, Russia.
The Company has a successful track record of developing precious metals assets and bringing value to shareholders. At the beginning of 2009 Ovoca Gold sold its flagship asset, the Goltsovoye silver deposit, for $47.7mn, a near 200% premium to the Company’s market capitalization at the time of sale closing. The entire asset development cycle Ovoca completed on Goltsovoye, from exploration to feasibility study to financing and start of mine construction.
04/04/12
Ovoca Gold is on the hunt to find a strategic partner to share in the rewards that the Russian Far East has to offer, CEO Tim McCutcheon says.
07/07/11
Ovoca Gold's news today that it has revealed a significant upgrade of resources at its Olcha project in the Magadan region of Russia was warmly welcomed by brokers Davy and Fairfax.
31/03/11
Savvy investors know exactly what Ovoca is all about - yet the stock is still trading below value of its cash and liquid investments. Boss Tim McCutcheon tells us a little more about the company, its potentially high impact exploration assets in Russia and updates us on plans to have the Stakhanovsky mine in production by 2013.
02/02/11
It is one of three properties Ovoca bought for a combined US$25 million just over a year ago. This morning’s maiden JORC resource saw it convert 350,000 ounces of a 1.2 million ounce Russian resource, into western reporting standards. Now with the next phase of exploration already laid out and feasibility work on the horizon, Irish broker Davy reckons the junior gold company could establish a 50,000 ounce a year mining operation by 2013.
31/08/10
The 2010 drilling programme is designed to expand on Olcha's maiden JORC resource and initial results demonstrate the project's significant potential. According to Davy's resource analyst Job Langbroek, the latest grades ‘comfortably achieve commercial status’.
21/06/10
The project in Russia's Magadan region has an estimated gold resource of 344,000oz based on historic data, and a current drilling campaign may potentially expand this.
17/03/06