Harvest Gold Corp. (TSXV: HVG) – Initiating Coverage

Investment Highlights

  • Harvest Gold Corp. is a TSX Venture listed junior exploration and mining company focused on identifying and expanding resources at its flagship Rosebud property in northern Nevada.
  • The property was in production from 1997 to 2000 producing just under 0.4 million ounces of gold and 2.3 million ounces of silver.
  • Historic resources remaining in-situ total approximately 0.24 million ounces of gold and 2.1 million ounces of  silver
  • We believe significant potential exists to expand on historic resources at the site of past production as well as at targets throughout the property.
  • In April 2010, the company closed a $1.30 million private placement.

Risks

  • The company currently has no operating mines.
  • Access to capital and share dilution.
  • The value of the company is dependent on commodity prices.

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