The project, which has an established open pit mine life of 6.5, is in the midst of an expansion plan that will see reserves and mine life grow.Read more
SilverCrest Mines (TSXV:SVL), with an established resource of over 100 million ounces of silver (~1.98MMoz AuEq at today’s prices) on its La Joya project in Durango, Mexico, has announced that drilling to the south of its present resource has returned positive results. Read more
Timmins Gold (TSX:TMM, up 52% on the year), which is approaching 130Koz Au per year on its San Francisco Mine, has announced the discovery of a new mineralized zone 1 kilometre east of the exiting open pit. Read more
Hot on the heels of the Obama reelection, SilverCrest Mines (TSXV:SVL, up over 40% this year), has taken advantage of the short lived correction in the price of gold to completely pay out its hedge facility from Macquarie Bank. Read more
The company expects to double resources on the project with ongoing drilling Read more
Esperanza Resources Corp. (TSX VENTURE:EPZ) today reported an updated and increased gold and silver resource at its wholly-owned Cerro Jumil gold project in Morelos State, Mexico. The company’s shares rose today by almost nine percent to $1.53 per share on more than double its average daily volume. Read more
(First posted June 2012)
The La Parrilla Silver Mine is 100% owned and operated by First Majestic Silver. Read more
Eric Fier at SilverCrest Mine’s La Joya project (transcribed from video): SilverCrest is an operating company now, in Mexico. As we grow Santa Elena and the expansion plan, the next part of the growth pattern is La Joya. Read more
Orex Minerals, Inc. is a silver and gold exploration company with a gold project in Sweden, and a gold-silver project in Durango, Mexico. The flagship property is the Barsele Gold project, which is 600 km north of Stockholm. Barsele project has a 43-101 compliant resource estimate (using 0.6 g/t Au cut-off) completed February 28, 2011 of 382,000 oz Au Indicated @ 1.2 g/t Au (9.97 million tonnes grading 1.19 Au g/t) and 648,000 oz Au Inferred @ 1.0 g/t Au (21.04 million tonnes grading 0.96 Au g/t). Resource Intelligence’s Executive Editor Doug Hadfield spoke with Chief Geologist Ben Whiting about the company’s plans to advance the project and it’s resource to well over 1 million ounces.
SilverCrest Mines has achieved steady production at its Santa Elena Mine in Sonora, Mexico. Total production for 2012 is targeted at 2.2 million ounces of silver equivalent*. Read more
SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a precious metals producer based in Vancouver, BC. The company’s flagship property is the 100% owned Santa Elena gold and silver mine, located 150 km northeast of Hermosillo, near Banamichi in the mining state of Sonora, Mexico. This mine is a high-grade, epithermal deposit with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. The company has also inferred more than 100 million ounces silver equivalent at its La Joya project in Durango. Executive editor Doug Hadfield spoke with SilverCrest’s COO Eric Fier about the rapid progress the company continues to make on both projects.
Kimber Resources (TSX-V:KBR) is currently focused on exploring for and developing mineral deposits in Mexico. The flagship project for the Company, “Monterde” is located in Chihuahua state about 260 kilometres southwest of Chihuahua City in the heart of the Sierra Madre Gold belt. The Company has been active here since acquiring the property as a private company in 2000; the project’s NPV at $1,500 Au is $877 MM with an IRR just shy of 72%. Executive Editor Doug Hadfield spoke with CEO Gordon Cummings at the June WRIC Conference put on by Cambridge House.
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer lead by a highly respected team of professionals. IMPACT is positioned to grow into a multimillion ounce silver producer by commencing production at its newest mine, the open-pit Capire Project in late 2012, which represents new mining operations in a new mineral district. Resource Intelligence’s Executive Editor Doug Hadfield spoke with CEO Fredrick Davidson at the Cambridge House World Resource Investment Conference in June.
www.kimberresources.com • 604.669.2251
PRESIDENT & CEO
The completion of an updated Preliminary Economic Assessment for its Monterde project in 2011 is a significant step forward for Kimber Resources (TSX: KBR and NYSE Amex:KBX). The project, located in the prolific Sierra Madre Gold-Silver Belt of Northern Mexico, already has three gold-silver mineral deposits defined. The PEA shows the potential for low-cost gold and silver production with an after-tax IRR of 40% and a mine life of over 15 years. CEO Gordon Cummings discusses the next milestones he expects the project to achieve over the next few months.
(Note about updates: Since this interview was conducted in March 2012, Kimber has announced further high-grade drill results from its gold-silver Monterde property in the prolific Sierra Madre belt of Mexico. MTC-151 intercepted 4.2 metres of 6.2 g/t gold and 47 g/t silver while MTC-157 intercepted 4.5 metres of 4.9 g/t gold and 124 g/t silver. Go to www.kimberresources.com or the company’s profile at RIANALYTICS.com to find out more.
Frederick W. Davidson,
PRESIDENT & CEO
IMPACT Silver Corp and Energold Drilling Corp are two successful companies led by Frederick Davidson. IMPACT is a profitable silver producer with a portfolio of advanced silver projects in Mexico totaling 623 square kilometers, which currently produces silver from multiple mines feeding a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. IMPACT plans to grow into a multimillion ounce silver producer by starting production at its open-pit Capire Project, located in the Mamatla District, in 2012. Energold, IMPACT’s largest shareholder, is a global specialty driller that emphasizes an environmentally and socially sensitive approach to drilling, with over 240 rigs operating in 23 countries worldwide. The use of state-of-the-art highly-portable rigs provides a competitive advantage allowing Energold to realize consistent earnings and generate strong margins. Energold has won various awards as one of the fastest growing drilling companies.
(Note about updates: Since this interview was conducted in March 2012, both Energold and IMPACT Silver have achieved significant progress. Both have announced record revenues and earnings. IMPACT announced 1,875 g/t Silver across 1.00 meters and 115 g/t Silver across 23.39 meters at its Oscar Vein Corridor in Mexico. Energold completed a $20 million bought deal financing. Find out more at the companies’ respective websites or at the companies’ profiles at www.rianalytics.com.)
www.greatpanther.com • 604.608.1766
PRESIDENT & CEO
Canadian mining company Great Panther Silver (TSX: GPR) has proven its commitment to turn reserves into cash with its two operating silver-gold mines in Mexico. This year, it expects a 20% growth in production at both the Guanajuato Mine Complex and Topia Mine, while advancing other properties and aggressively pursuing acquisition opportunities. In the junior mining world where access to cash is paramount, Great Panther has cash cows to help achieve its goal of becoming a mid-tier primary silver producer with more than 5 million ounces of silver production annually. CEO Robert A. Archer discusses what investors can expect from this profitable primary silver producer over the next several months.
(Note about updates: Since this interview was conducted in March 2012, Great Panther Silver has achieved significant progress. The company had first quarter production at its 100% owned Guanajuato and Topia mines of 557,667 silver equivalent ounces, up 2% over the fourth quarter of 2011. As well, a quarterly record of gold production was achieved with 2,729 oz produced. Revenues for the year ended December 31, 2011 totaled $57.8 million for a 37% increase over 2010. The company’s gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. Find out more about the company’s progress at their website (www.greatpanthersilver.com or at the company’s profile at www.rianalytics.com.)
www.creamminerals.com • 1.888.267.1400
PRESIDENT & CEO
Whoever in the business says money isn’t everything has not met Michael O’Connor. The CEO of Cream Minerals Ltd (TSX-V: CMA) would be the first to acknowledge that money is, in fact, what changed the company’s fortune. In 2008 and 2009 Cream was insolvent, had little cash and was $1.88 million in debt. In 2010 it fought off a hostile takeover bid from Endeavour Silver, and then closed a $6-million financing. That Cream managed to pay off all the debt and ended up with $5.45 million in the bank in 2011 speaks well of Cream’s dedicated and competent management. With the money, the company financed a 20,000-meter drill program at its flagship Nuevo Milenio silver-gold project in Mexico. In one year, Cream accomplished 85% more drilling than when it acquired the property in 2000. Mr. O’Connor shares why he only sees more upside from here onwards.
(Note about updates: Cream released the following update since this interview: The independent mineral resource estimate for Nuevo Milenio continues to be advanced. Challenges encountered in providing data to the consultant in a timely manner have impacted progress on the mineral resource estimate. Given the large amount of data involved including over 32,000 metres of drilling, a significant volume of surface samples, trench samples, underground channel samples as well as properly identified location coordinates for all but the drilling data combined with reviews and fact checks were significantly more time consuming than anticipated. The Company anticipates the release of the mineral resource by May month end 2012.)
www.timminsgold.com • 604.682.4002
PRESIDENT & CEO
Bruce Bragagnolo is the CEO behind one of the biggest successes in junior exploration in the past five years. Timmins Gold (TSX:TMM) is on track to produce over 100,000 ounces of gold in 2012, with higher targets for years to come. Reserves have increased multiple times since 2008, from 611,000 oz to 780,000 oz and again to 1.33 million ounces proven and probable, plus inferred resources of over 1 million ounces. And the San Francisco deposit effectively remains open in all directions. Bruce explains the upside.
(Note about updates: Timmins has made two important updates since this interview, one to resources (another increase, this time 0f 34%), and the other a report on record gold production of 21,532 gold ounces and a gold recovery ratio of 69% for its Q1 2012 fiscal quarter. Go to http://www.timminsgold.com to find out more.)
Dia Bras Exploration Inc. is a Canadian-based mining and exploration corporation with gold, silver, lead, copper and zinc properties in northern Mexico and Peru.