Prodigy Gold Inc. TICKER: PDG:TSX.V Visit Company Website Prodigy Gold's lead project is the advanced Magino mine project in northern Ontario. The company is evaluating the development of Magino as an open-pit mine with the potential for deeper, higher-grade gold production. A Preliminary Economic Assessment (PEA) of the project … read more

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Expert Analysis

Tara Hassan, National Bank Financial (3/16/12) "We are resuming coverage of Prodigy Gold Inc. with an Outperform rating (unchanged) after the closing of the company's $43.5M (includes over-allotment) bought-deal financing. With an increased cash position, the company is even better positioned to drive its valuation through completion of a 60,000m infill, expansion and condemnation drill program in 2012 and a feasibility study for Magino (expected in Q412)."

Joe Mazumdar, Haywood Securities (3/15/12) "Prodigy Gold Inc. discovered a new high-grade zone (10m grading 8.55 g/t Au) in the footwall of the main Magino deposit. . .the recently encountered high-grade gold mineralization is hosted by altered mafic metavolcanics and iron formation, which represents the first significant drill intercept by the company in these host rocks and expands potential target areas for additional high-grade gold mineralization."

Wendell Zerb, Canaccord Genuity (3/1/12) "Our Speculative Buy recommendation and 12-month CA$1.75/share target price on Prodigy Gold Inc. is based on our view of the company's potential upside as an undervalued developer with an above-average gold project. . .Prodigy's Magino property is an above average, bulk mineable gold project with solid economic potential in an elevated gold environment. Sound project characteristics, including metallurgy, infrastructure and the socio-political jurisdiction, all contribute to Magino's future development potential. . .based on our revised valuation and comparative analysis, we believe that Prodigy's shares are undervalued and open to upside re-rating."

The Gold Report Interview with Mark Raguz (2/24/12) "I really like Northern Ontario as an exploration jurisdiction. Prodigy Gold Inc. delivered consistently, with a 40,000 m infill drill program in 2011. It both reduced its strip ratio and added ounces. This equated to a very robust PEA in December 2011. It has outlined another ambitious 60,000m drill program for 2012. It will be a mix of drilling for resource delineation and resource expansion. This provides Prodigy Gold the potential to increase ounces heading into a Q412 feasibility study. A recent financing left it well capitalized; it has four rigs turning now and is trying to source three more. I think it's a great story." More >

Wendell Zerb, Canaccord Genuity (2/24/12) "Prodigy Gold Inc. issued an aggregate 50.7M shares (common and flow through) at an average price of CA$0.84 per share, for gross proceeds of CA$42M; the financing is expected to close on March 5, 2012. . .the company is now financed for 2012 with an estimated CA$69.5M in working capital. For 2012, PDG expects to complete Magino’s Feasibility Study in 2H12, formalize consultations with First Nations and complete required environmental studies and submit the project description to the Ontario Ministry of Northern Development, Mines, and Forestry."

• Fact Sheet (1/26/12)
• Corporate Presentation (3/2/12)