January 17, 2018 / 1:49 PM / 7 months ago

BUZZ-Arizona Mining: Canaccord hikes PT on mine assessment update

** Canaccord Genuity raises PT on Canadian miner’s stock to C$6 from C$4.50 after co updated a preliminary economic assessment of its Taylor deposit on Tuesday

** Updated assessment shows 39 pct increase in tonnage with no degradation to the metals, mine life also to be extended by 10 to 29 years as a result

** Canaccord revises zinc equivalent production estimate to 923 mln pounds - a 15 pct increase - for the first 5 years from the mine

** All 6 brokers covering AZ rate it “buy” or higher; median PT $5.25

** AZ up 56.4 pct in the last 12 months (Reporting by Ahmed Farhatha in Bengaluru)

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