Meldung von neuen Bohrergebnissen von El Zapote:
Silberaktien
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Excellon Ressources meldet seinen aktuellen Fortschritt (u.a. mit der Errichtung der Rampe) und neue Bohrergebnisse
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Silver's promise lures junior resource firm
Bets on rising price and scarce supplyBy WENDY STUECK
MINING REPORTER
Saturday, January 22, 2005VANCOUVER -- Junior resource companies tend to go where the action is, piling into commodities or regions based on price trends or promising discoveries.
Sometimes that pattern plays out literally, as in the case of Vancouver-based Endeavour Silver Corp. -- formerly Endeavour Gold -- which changed its name in August as part of a strategic shift to silver and a game plan aimed at turning the tiny company into a mid-sized silver producer.
The company, like others that have moved into silver or stepped up their focus on the metal, is betting on improved prices for silver, primarily because of dwindling global stockpiles and increased demand in areas such as electronics manufacturing.
And, like silver producers in decades past, Endeavour has trained its sights on Mexico.
"The backbone of Mexican mining is the small, family-owned company," says Endeavour president Bradford Cooke. But while many such companies have performed well for family shareholders over the years, mines typically have been starved for capital, driven by cash flow rather than plans for long-term growth, he says.
With improving silver prices, that pattern offers appealing opportunities to foreign firms that can offer capital, additional mining expertise or both.
Last year, Endeavour signed option agreements to acquire up to a 100-per-cent interest in the Santa Cruz silver-gold mine in northwestern Mexico and a nearby processing plant by paying $7-million (U.S.) over four years.
The assets are in the Sierra Madre silver belt, which has been producing silver since the 1500s.
Forecast 2004 production for the Santa Cruz mine is 300,000 ounces and the company hopes to increase that with more exploration and finding new veins of silver.
At this point, Endeavour, with a market capitalization of less than $50-million (Canadian) and no revenue to speak of, is a small fry in a silver pool dominated by bigger fish such as Idaho-based Coeur d'Alene Mines Corp., with a market value of $783-million (U.S.), and Vancouver-based Pan American Silver Corp., which has a market value of more than $1.2-billion (Canadian).
But Mr. Cooke is optimistic about Endeavour's prospects in the silver field, citing a well-run processing plant and the stable regulatory climate in Mexico.
Endeavour's new silver focus comes as the metal is getting buffed up on the price front and bigger players are preparing to boost production, make acquisitions or both.
Pan American Silver this week filed a shelf prospectus with Canadian regulators and the U.S. Securities and Exchange Commission that will allow the company to raise up to $150-million (U.S.) over the next two years through debt or equity financings.
Dennis Wheeler, chief executive officer of Coeur d'Alene, said this week that his company is interested in potential acquisitions. Last year, Coeur d'Alene made an unsuccessful bid for Vancouver-based Wheaton River Minerals Ltd.
In another reflection of silver prices that climbed by almost 14 per cent last year and by nearly 30 per cent between 1999 and 2004, Silver Standard Resources Inc. is talking about putting some of its assets into production.
Vancouver-based Silver Standard has been buying and holding silver properties for the past 20 years and now claims to hold the world's biggest known underground hoard of silver. Silver Standard has a market value of $695-million (Canadian).
Eric Sprott, CEO of Toronto-based Sprott Asset Management Inc., is bullish on silver, saying that his firm's hedge funds hold physical silver. He also invests in silver equities.
"We are very positively inclined toward silver," Mr. Sprott said. "There is a shortage of production against demand, which has been sated by governments selling their stockpiles. And once those stockpiles are gone, you are going to have a shortage."
His current top holding on the equity front is Vancouver-based Western Silver Corp., which completed a $64.8-million financing in December to develop its promising Penasquito project in Mexico.
Endeavour stock rose by a penny to close at $1.70 yesterday on the Toronto Venture Exchange. -
Sehr geehrter Silbertaler
Ich habe auch diese Aktie und fand erst spaeter raus, als es zu spaet war, dass die bis oben hin gehedged sind, mit 5.50$.!!!!
Fast 65% der angegebenen Resources von ca. 6m Unzen glaube ich.
Wenn die nichts neues finden,na servus !
Sicher sagen sie dass die Ore enorm ist, aber ganz happy macht es mich auch nicht. Ich mag hedger ueberhaupt nicht, und es war vielleicht ein fehler diese aktie zu kaufen.Wir werden es sehen ob die ueberhaupt die 20 cents grenze nach langen durchbrechen. Die mine wird nach produktions start so wie es aussieht in kurzer zeit leer sein. Ich wuerde sie am liebsten raushauen,warte erst auf break even. Wieder ein surprise ! Im uebrigen habe ich Admiral Bay rausgeschmissen,die bohren mehr nach gas anstatt nach silber.Ist mehr ein Gas play,momentan !Was haltest du von Excellon, auch andere sind hier gefragt.
Ps. Ich fuehle mich da wesentlich sicherer mit :
CFTN.PK,SRLM.PK,ASM.V,ECU.V,SPM.V,GAM.TO,SLW.TO,EDR.V,IMR.V,
KRE.V,MAG.V,NPG.V,FAN.TO,MMM.TO,MFL.TO, SVL.V und MGN.. im Depo
Besucht das Canada Junior Forum wenn ihr Bock habt und schreibt eure kommentare dazu ,es wuerde mich freuen kommentare von Euch Legenden und Routiniers zu lesen. :))Thanks for all the info, guys
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Capstone vervollständigt sein Ingenieurteam, um das Cozaminprojekt weiterzuentwickeln:
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Endeavour Silver identifiziert mehrere aussichtsreiche mineralisierte Zonen in der Nähe von Santa Cruz:
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Guanacevi Process Plant Receives Top Marks From Engineering Audit, Replacement Value Estimated to be US $19.4 Million, Potential to Substantially Expand Plant Output
Wednesday March 2, 12:59 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 2, 2005--Endeavour Silver Corp. (TSX VENTURE:EDR - News) announces the Guanacevi process plant has received top marks for its operations in a recently completed engineering audit.
Summit Valley Equipment and Engineering Inc., a widely recognized expert in process plant evaluations and operations, was commissioned to conduct a full review of the plant, including the condition of all equipment, the capacity of each circuit, and the efficiency of plant operations. Summit Valley commented that the plant is clean and well maintained; the equipment is all brand name, the work force is well trained, very stable and morale is high.The Guanacevi process plant was built initially in the 1970's by the Mexican government as a custom flotation circuit to service the many small silver mines then operating in the Guanacevi district. It was partly refurbished and expanded in the 1980's, then sold in 1992 to Metalurgica Guanacevi SA de CV ("MG") who completed construction of a cyanide leach circuit.
Given the plant is a fully permitted, operating facility complete with land ownership, townsite and all related infrastructure, its replacement value is estimated at US $19.4 million. Endeavour has acquired a 51% interest in the Guanacevi process plant for US $1.7 million and holds an option to acquire the remaining 49% interest for US $2.3 million.
In February, the plant averaged 220 tpd, a substantial increase over one year ago but well below its design capacity. Only the leach circuit was in use because it gives higher silver recoveries and higher payable silver from the North Porvenir and other stockpiled ores compared to flotation.
Because there are two distinct circuits in the plant, the overall plant capacity depends on the different ore types being processed. Summit Valley identified the capacities of each circuit as follows:
1) Crushing - 1000 to 1200 tpd for 3/8" and 5/8" crush sizes.
2) Grinding - 520 tpd at 90% availability and 80% passing 200 mesh grind size.
3) Leaching - 960 tpd.
4) Precipitation - 400 tpd producing a high grade silver precipitate for shipping to the smelter or pouring dore bars.
5) Bulk flotation - 400 tpd, producing a medium grade concentrate for shipping to the smelter.
6) Selective flotation - 200 tpd, producing a high grade zinc con and a high grade lead-silver con for shipping to the smelter.
7) Tailings Re-treatment - 160 tpd, pumping old oxidized tailings back into the leach circuit.
Because the North Porvenir ores are readily leachable, with 88% silver recoveries and 98.5% payable silver in precipitate, an initial increase in plant throughput to 520 tpd in the leach circuit alone is recommended. Several minor bottlenecks will need to be addressed in order for the plant to operate at this rate.
A second increase to 960 tpd in the leach circuit will require either an expansion of the tailings re-treatment system or the addition of another ball mill, which would require a doubling of the coarse and fine ore bins and an expansion of the precipitation circuit. The existing ball mills could then also be utilized to service the flotation circuits, which can be readily expanded to 520 tpd, giving the Guanacevi process plant an overall capacity of up to +1400 tpd, depending on the ore types to be processed.
Milling costs are currently averaging around US $19 per tonne ($1.36 per oz silver produced) for ore leaching and US $9 per tonne ($4.29 per oz silver produced) for tailings re-treatment. At 520 tpd, these costs should come down substantially.
Endeavour Silver Corp. (TSX VENTURE:EDR - News) is a small-cap exploration and mining company focused on aggressively expanding its portfolio of high grade silver-gold properties, reserves and production in Mexico. Canarc Resource Corp. (TSX:CCM - News) holds a minority shareholding in the Company.
On Behalf of the Board of Directors,
ENDEAVOUR SILVER CORP.
Bradford J. Cooke, Chairman and CEO
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Gehört mal wieder nach oben.
Genco, First majestics, Endeavour, First Silver,
MGN, Fortuna silver, Sterling, Sabina......
Soll ein bisserl eine Reihung sein vom Produktionsstatus gesehen.T.
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So promoted Hommel:
Was war eigentlich seine Spezialdisziplin als Schirennfahrer?Kleines Rätsel: Wen hat er gemeint?
Die erste kenn ich nicht.My Stock Picks (promotions)!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~People are always asking me to give them stock picks! Sure! Here's four favorite companies that I'd tell my mom to buy tomorrow if she asked me: First company: Market Cap: $34 million, U.S. Cash on hand: $<$1 million. Has a lease: The value of the reserves, the minerals in the ground: $45 billion, U.S. Has a positive Feasibility Study showing that about 85% of the value of the ore will be mined at a profit! That's 85% of $45 billion, or $38 billion! The company needs to raise about $400 million to unlock that $38,000 million in profit! To get the name of this company, sign up to the look at my portfolio at silverstockreport.com. Second company: Market Cap $37 million, U.S. Cash on hand: $14 million, U.S. Buildings & Infrastructure: $100 million, U.S. Value of the minerals in the ground: $3.7 billion, U.S. Value of the rock: $336/ton! Value of each metal, at today's prices, compared to the others: 53% zinc, 27% lead, 14% silver, 6% copper. Zinc prices hit new highs at $.74/lb, and zinc inventories are dropping. The company needs to raise about $20 million to start mining, and has 5/6 permits needed. I'd be happy to tell you the name of this company, it's in my portfolio at silverstockreport.com. Third company: Market Cap $40 million, U.S. Cash on hand: $<$1 million. Has a lease on many silver properties: Total oz. about 550 million oz. of silver, worth, at $8.13/oz., about $4.5 billion. Owns a famous historic silver mine needing refurbishment. I own this one too. Just look at my portfolio at silverstockreport.com. Fourth company: Market Cap: 42 million, U.S. Cash on hand: $<$1 million. Owns an exploration property that may be the largest copper porphyry in the world, located in Montana, U.S.A. Has several of the largest mining companies in the world currently very interested. Has no interest in selling out too soon, and plans to sell at a high premium in a few years after doing a bit more exploration. This stock is my largest holding. If you really did your research, and were a regular reader of my full silver stock report, you'd probably be able to figure out the names of these 4 companies. My last full FREE silver stock report, containing names and market caps, was produced in July: http://www.silverstockreport.c…/silverstockreport57.html -
Wieder ein Producer!
Siehe Liste weiter oben. Da ja bis auf Genco und PAAS Silberproducer kein Geld verdienen, aber bei höherem silberpreis und den Beiprodukten einen sehr guten hebel haben, sollte man die Dinger weiter beobachten.T.
Low cost silver means high cash flow
By: Rhona O'Connell
Posted: '18-NOV-05 07:22' GMT © Mineweb 1997-2004LONDON (Mineweb.com) -- Excellon Resources Inc. is listed on the Ventures Exchange in Toronto, is currently capitalised at C$22 million (US18 million) and has recently become the Mexico’s newest silver producer, exploiting an ore body that lies in the middle of the silver structures that run much of the length of the country, but which to date has been overlooked by other major producers. This is a highly prospective address, with the property within sight of the old silver mine that was the company-maker for Peñoles.
Excellon acquired the property from a Mexican family after Peter Megaw, a geologist with over 25 years’ experience specialising in silver deposits, realised its potential and approached Excellon. Excellon now holds the Platosa/Saltierra properties over an area of 36,000 acres in the northeastern state of Durango and Platosa resembles several of Mexico’s world-class “Carbonate Replacement Deposits”.
The company believes that it has a tiger by the tail on this property and has come on stream with the Platosa mine as a small-scale high-grade operation in order to generate cash flow while it assesses the rest of the structure and locates the source. While the initial exploration programme is on surface, addition mineralisation is being discovered as the underground development is expanded and underground drilling is expected to commence in January. The property is open in all directions and the mineral resource estimate prepared in 2004 by independent consultants Roscoe Postle Associates (RPA) of Toronto,, produced a JORC-compliant resource estimate of 63,400 tonnes of indicated resource at 2,346 grammes/tonne silver, (79.9 ounces) with 15.2% lead and 11.9% zinc. The inferred resource was estimated at 2,100 tonnes at 1,433 g/t silver(41.9 ounces) with 18.3% lead and 14.9% zinc.
At today’s prices for lead and zinc, and with $7.50 silver, that amounts to 939-dollar rock.
The company’s latest cash flow projection using $7.50 silver, 42 cent/lb lead and 65 cent/lb silver (compare today’s prices of $7.90 silver, 44 cent lead and 73 cent zinc) suggest that on a 6,000 tonne monthly production rate the free cash flow (after debt and exploration expenditure) would amount to $530,000 per month, equivalent to $6.4 million per annum. With costs well below $2/oz there should be plenty of scope for profitable activity at substantially lower silver prices than those prevailing today.
A high proportion of the ore body throws off direct shipping ore (the ore is being treated by Cia. Fresnillo, a subsidiary of Peñoles). SGS Lakeland is the independent assaying company; SGS has recently opened an office in Mexico, which expedites proceedings considerably.
The company is self-financed going forward, having issued a US$9.9 million secured non-interest bearing silver debenture. Currently this debenture looks rather like a European-style option with a silver strike rice of US$5.50. Existing holders may elect to take repayment of the principal at maturity either in cash or in silver bullion. The company is required to deliver 50% of its production to the custodian, up to a maximum of 1.8 million ounces, and it has already started so doing.
If all costs are taken against silver production then Excellon’s cash cost of silver production is approximately US$1.65/ounce, although if all costs are taken against the lead and zinc then silver comes out, effectively, at negative $1.75/ounce. Clearly as a silver mine the costs will need to be shown against silver, but nonetheless this places Excellon towards the bottom of the cost curve among primary silver miners (for which the average cash cost in 2004 was $2.36/ounce (GFMS figures).
While these encouraging cost figures come from the high-grade of the mine, there is also excellent infrastructure in the region. The mine is 1.5 km from the Pan American highway with access to rail, a high-tension power line and a sizeable local workforce. Of and only 40 m from Torreon which (a famous old silver name), which boasts a population of 1.5 million and hosts an international airport.
As of November, Excellon has started district-scale drilling with faces in three separate Mantos (lenses) although six have been defined in the mine area. Grades of the ore produced to date are consistent with the preliminary resource report. Further mineralisation has been identified in the near-mine area at Manto “N-1”, where grades are showing at 904 grammes/tonne silver with 11.0% lead and 8.1% zinc with up to 1.7 grammes/tonne of gold. A 90-metre heading from the mine to N-1 has begun in order to determine continuity.
The ore is trucked straight out on a four metre-by-four metre ramp and the company is paid on the basis of the assays of the crushed or, on average 26 days after shipment.
The company has budgeted for 7,500 metres of underground drilling and the first 4,300 metres are already planned. A drill station construction is in progress. The only hitch to date has been the scarcity of drill rigs and operating personnel but one such has now been identified and contracted for. Surface-based exploration is planned for Manto extensions. The technology includes the use of Natural Source Audio Magneto Tellurica (NASAMT),which is the best way of dealing with soil and alluvium overburden and this involves Mesquite biogeochemistry (a Mesquite is a tree that loves water and root will travel down 60m to find it; leaf samples in the Mesquite tree are very good indicators of mineralisation levels and this is a well-known technology. Excellon has many such plants on its property and they are showing evidence of continued mineralisation). NASAMT technology was responsible for the identification of the near-mine mineralisation.
It is still early days, with all the risk that that involves, but if the rest of the company land package proves to be as prospective as the early indication suggest then Excellon may well have a tiger by the tail and the air could well become redolent with the sound of purring shareholders.
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Die entzückende Cathy Fong hat uns in München beehrt uns eindrucksvoll ihr China Silber Projekt vorgestellt.
Who needs old Idaho when you got some great new stories like China, patagonia and of course old Mexico .
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frr,
zu der Entzückenden bin ich leider nicht vorgestoßen........Hätte doch bei den mädels beginnen sollen.....
Füg Silcercorp der Liste hinzu:
Sind die schon Producer? In Kürze.
Machen die schon Gewinne? aber gut finanziert und es scgheint einiges da zu sein.Grüße
T.PS: leider kein Foto
Cathy Fong
Vice President of Corporate Development
Ms. Fong is an accomplished senior civil/structural professional engineer with over 18 years of experience in the mining, heavy industrial and commercial construction industry. She has completed detailed engineering assignments for Eskay Creek, Bell Creek, Lone Tree, Sigma, Gilbraltar, Endako, Loki, Campbell, Quinsam and Zaldivar Mines. Her professional experience includes completing projects for SNC-Lavalin, Hatch, BC Hydro, Proctor & Redfern and Quinn Dressel. Ms. Fong has broad project development experience including engineering mining mill infrastructures. -
Genau jetzt machen wir unsere eigene Liste, der Hommel schickt uns in Wald und kommt dann nicht mit.
Bei den seiner Liste bin ich in der Zukunft vorsichtiger.
Habe mir mal seine Minvita/Teuton Resources angeschaut, Ooops das ist mir zu heiss, der Kurs ging heftig in den Keller am Freitag.
Teuton geht ja noch, die haben viel zu tun und sind die Bohrer und Explorer in dem Gebiet.
Mit Lateegra habe ich die schlimmste Depot Leiche, der CEO ist verflucht als Verbrecher in Stockhouse Board, der dumped seine Aktien wie Confetti mit Insidertrading und die ganze Firma sieht aus wie ein Scam sagen die Leute. Die Option die ja so wertvoll war mit Teuton ging an Sabina und die haben anscheinend nur mehr Bre-X Minen die sie vermarkten. Sie kriegen aber von Sabina 1% Royalty RSM.
Wenn ich da mit -70% noch raus kommen kann ich Hurrah schreien.
Auch so ein Titel von Hommel's Liste, Halleluja der freut sich immer wenn er seine Aktien puscht und dann aussteigt wenn die Lemminge kaufen. -
Geänderte liste:
1. Producer: Genco, First majestics, Endeavour, First Silver, Excellon
2. Keine Producer: aber gute resourcen und Eigenkapital (trifft nicht bei allen zu), wollen bald???? in Produktion gehen.
MGN, Silvercorp, Fortuna silver, Sterling, Sabina......Bei gruppe Nr. 1 sollte man nicht viel falsch machen auf Sicht von 3 Jahren.
@eldo,
du tust ja so, als ob hommel alle Werte seiner Liste gekauft hätte.
Er hat so max. 15 Werte in unterdchiedlicher gewichtung. Hab mal einen blick auf sein portfolio machen können. Auch schon eine Zeit her.
Er interessiert mich nicht mehr recht.T.
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Der Silber Guru Jason ist wie der Mahendra, der macht seine Prophezeihungen meistens selbst, die anderen erfuellen sie fuer ihn, Tschonko.
Ich nehme den Jason auch nicht mehr voll und informiere mich nun selber und wie gesagt wir sind auch nicht bloed gute Aktien zu finden.
Die hier schon stehen sind schon sehr gute Titel die ich laengst gekauft habe.
Die Minvita hat Jason gekauft bzw wieder verkauft nach dem alle draufgehupft sind.Lege zu den Produzenten noch die ECU.V , die ist auch stark im kommen.
Uber die mit der Frischmilch Kantine (TVI.V) habe ich genug geschrieben, die sind auch am schaufeln. -
Zu Eurer Auswahl möchte ich noch hinzufügen:
Silver Wheaton / SLW. Inzwischen fast ein Silver Blue Chip.
Gammon Lake / GAM. Ebenso stark in Gold.Grüsse
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