Friday, December 31, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Setting Up for a Productive 2022

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Final ZTEM interpretation expected shortly. Garibaldi awaits a final 3-D Z-Axis Tipper electromagnetic (ZTEM) interpretation of a survey completed over the entire Eskay Claim Group. Preliminary 2-D ZTEM survey data identified targets across the E&L and Palm Springs property. The ZTEM survey will help to define, rank, and prioritize deeper conductive anomalies.


Updating estimates.  We have updated our estimates to incorporate recently reported financial results for the quarter ended October 31, 2021. As an exploration company, Garibaldi Resources does not generate revenue and incurs expenses to fund exploration and drilling programs at its various projects. For the three months ended October 31, Garibaldi Resources reported a net loss of …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.