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• Trigon announced three key leadership appointments.
• TM signs agreement to acquire Kalahari Copperbelt Project.
• On November 6th the Company reported production statistics for the month of October. The results greatly outperformed our estimates across all facets (mill throughput, grade, production, and recovery).
This morning, Trigon Metals Inc. (TM:TSXV) announced three key leadership appointments as well as the acquisition of the sizeable and highly prospective Kalahari Copperbelt Project. This news comes as Trigon completes its pivot from a developer to a producer and begins the ramping of production. Specifically, the appointment of President and COO Rennie Morkel signals TM’s responsibility in bringing in someone with high levels of experience in operating and growing producing assets. CEO Jed Richardson will retain his role as CEO, however, transition from President to Executive Chairman.
On November 7th, TM announced production statistics for October, highlighting that in the first full month of commercial production, the Company would record an operating profit. We are maintaining our BUY rating and C$0.60/share target price on TM.
TM: Leadership Appointments & Cu Portfolio Expansion
What you need to know:• Trigon announced three key leadership appointments.
• TM signs agreement to acquire Kalahari Copperbelt Project.
• On November 6th the Company reported production statistics for the month of October. The results greatly outperformed our estimates across all facets (mill throughput, grade, production, and recovery).
This morning, Trigon Metals Inc. (TM:TSXV) announced three key leadership appointments as well as the acquisition of the sizeable and highly prospective Kalahari Copperbelt Project. This news comes as Trigon completes its pivot from a developer to a producer and begins the ramping of production. Specifically, the appointment of President and COO Rennie Morkel signals TM’s responsibility in bringing in someone with high levels of experience in operating and growing producing assets. CEO Jed Richardson will retain his role as CEO, however, transition from President to Executive Chairman.
On November 7th, TM announced production statistics for October, highlighting that in the first full month of commercial production, the Company would record an operating profit. We are maintaining our BUY rating and C$0.60/share target price on TM.
Underlying
TRIGON METALS INC.
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Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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