Sterling Mining Company

December 20, 2007
Sterling Mining Commences Production at Sunshine Mine

--------------------------------------------------------------------------------

Wallace, Idaho -- December 20, 2007 -- (BUSINESS WIRE) -- Sterling Mining Company (TSX: SMQ / OTCBB: SRLM / FSE: SMX) today announced that it has resumed initial production at the Sunshine Mine in Idaho, USA. This announcement caps off an extremely productive year for Sterling Mining Company which included becoming listed on Canada's senior exchange, the TSX; a successful fundraising of US$24.7 million; and completion of Sunshine Mine's technical report compliant to Canada's National Instrument 43-101 (the "43 101 Report").

The 43-101 Report outlines a production forecast for 2008, amounting to 2.8 million ounces of silver with additional copper and lead credits, based on an average milling rate of 479 dry short tons per day for the year. Building on this startup mill throughput for 2008, Sterling anticipates a steady increase in production over the next three years until an average daily processing rate of 1,000 tons per day is achieved.

The first shipment of concentrate, which left the Mine site this morning for Teck Cominco's Trail British Columbia smelter, comes from processing of newly mined ores.

Also this week, Sunshine Mine has resumed mining activities on lower levels after a methodical and intense four-year process to rehabilitate, improve and re-commission the Mine after its closure by previous operators in 2001.

With renovation of the Silver Summit hoist and rehabilitation of the Silver Summit shaft to the 3000 foot level, Sunshine Mine's secondary escapeway system is now complete. Sterling crews are resuming mining activities from 2700 foot and 3100 foot level workplaces idled at closure. Ores from these levels, at closure, averaged 23.6 ounces of silver per ton. In addition to mining activities being resumed on the lower levels, crews are also processing material from Upper Country drifting and exploration.

Sterling's President Ray De Motte said, "The credit for this historical event goes to the men and women at the Sunshine Mine. Without their expertise, teamwork and relentless efforts this simply would not be possible. We are grateful to the community, employees, vendors, support of shareholders, investors and investment bankers TD Securities Inc. and Blackmont Capital Inc., and look forward to achieving our goal of long-term sustainable production."

To commemorate achieving this major milestone, Sterling Mining has scheduled a ribbon-cutting ceremony and celebration for February 2008, details for which will be announced in a subsequent press release.
Sterling Mining Company will provide updates on production and development activities going forward.

Die Meldung hätte SMQ eigentlich beflügeln müssen.....ist aber beim derzeitgen Marktumfeld wohl nicht drin.
Ich teile Tschonkos Überlegungen, dass von der Kostenseite her Gefahren drohen gerade beim Start up....siehe Gammon.
Andererseits liese der Kursverlauf der letzten Wochen vermuten, dass in dem Kurs schon eine Menge der Befürchtungen eingepreist ist.....augrund dessen halte ich das down side Potential für begrenzt, das up side Potential wenns nicht so ist ist gewaltig....alles in Allem derzeit ein attraktives Chance/Risiko Verhältnis i.m.h.o.....habe gestern nochmal nachgelegt.

.. und De Motte hat bislang immer seine Versprechen und nkündigungen gehalten

Hallo Ihr!

Schöne Nachricht, jawohl!! Habe es eben erst nachsehen können.

Tatsache ist, dass es jetzt an den Produktionskosten und am Silberpreis hängt, ob wir hier gut verdienen werden. ...

Wir bekommen wilde Zeiten & Silber ist eben eine Sache zwischen Anlage- und Basismetall.
Mir als Silberbug macht das nichts aus & ich bin Schwankungen gewohnt.

Was ich aber sagen will: Man braucht also neben Vertrauen in de Motte auch Glück.
- Sollten wir haben.

Gruß!
gutso

PPS: beim Volumen geht jedenfalls richtig die Post ab, in den letzten 48 h!

http://www.silverminers.com/pu…ions/showpub.aspx?id=7716

Zitat

Miracle On Big Creek

Wallace, Idaho – Christmas arrived five days ahead of schedule for the Silver Valley and Sterling Mining Co., with the Dec. 20 departure of the first load of silver concentrates from the legendary Sunshine Mine and a return to production for the world's premiere primary silver mine.

This first shipment of just under 300 tons, refined from development ore, wasn't much in terms of metrics. A bit of a test batch to seat the pumps and sumps, to tweak the recovery rates. Resumption of actual commercial-grade silver production cannot happen under federal mine safety rules until the Consolidated-Silver shaft – which is Sunshine's secondary escape-way should something happen to its primary Jewell Shaft, is fully plumbed to its bottom at the 3,100-foot level. They're 100 feet from their goal and should be ready by the time you read this.

Which means the next batch to run through that grand 1,000 ton-per-day mill – later this week or early next – will be derived from stopes of commercial-grade ore in the production sections of the mine grading 26 ounces or better at the face; real silver ore, whether the price is $6.50 or $12 (or $50?) per ounce. The Sunshine will, next year, produce at minimum well in excess of 2 million ounces; by decade's end the Sunshine Mine will be back up to her old self again, unless silver drops below, say, $5 an ounce in current dollars. A fairly safe bet, we'd say.

Thursday morning's 7 a.m. departure of that first batch of cons aboard a Zanetti Brothers truck bound for the Cominco smelter at Trail, B.C., was nothing short of a human and technological miracle. It was a kick in the ass to watch in the gathering light of the Big Creek winter; the hand-shakes, the high-fives, the perma-grins from the crews, the “I knew we could do it” spirit. The Sunshine has been returned to life by sheer talent, expertise, and will.

Our Better Half had been assigned to photograph this historic event; we were along, as a journalist always is, just for the ride. Varying weather patterns ranging from rain to slush to snow – typical Silver Valley weather this time of year – accompanied our 15-minute drive from our home in Wallace to the Sunshine Mine complex up Big Creek. A suspected pair of deer eyeballs peered out of the dark as we rode up the canyon. The wipers slapped.

Thankfully for silver and the Silver Valley, Sterling's shareholders stood 100-to1 behind their president, DeMotte, when some renegade punks wanted to make themselves temporarily rich by hi-jacking the mine and eking out a little high-grade production for the sake of a press release, Vancouver-style, as opposed to spending shareholders' money on jumbos, on drills, on transformers and upon badly needed ramps and drifts and equipment that might ensure another 100 years' silver production out of the old girl.

But this is a time for vindication of the righteous, not vilification of the greedy and just plain dumb. It is a time to be gracious. It is a time to feel good: a time for reconciliation. It is a time to celebrate. Sunshine, that magical treasure, is returning to her rightful place in the sun.

Ray DeMotte is quite right to assign credit for Sunshine's return to production, and the fact that 120 fine men and women are again at work at Sunshine, to his mine manager, Mike McLean, who, in turn, would insist it was the work of his people that made this miracle happen. A culture established by Sterling at Sunshine is that nobody gets hired unless the crew he or she is going to be working with approves. Makes for a pretty tough, family operation.

DeMotte comes from an English coal-mining background, and knows first-hand what devastation a mine closure can bring. At our first meeting back in May of 2003, shortly after he and Sterling arrived on the scene, sharing a cigarette on the front stoop of his tiny office in Coeur d'Alene, DeMotte was adamant that if he could pull this thing off, it would be for the long haul. “There is no way I am going to preside over a mine closure. I will not reopen the Sunshine unless and until I am positive it will remain open.”

Long-term thinking like that is rare, even in the mining business.

(...)

When Sunshine Precious Metals Inc. shipped Sunshine's last concentrates in 2002 and filed for bankruptcy, most here were convinced it was absolutely the end of the line. “Out of reserves”; “high-cost producer”; “intractable labour force” were the phrases used here and on Wall Street. But the problem was never the mine: It was always the mining company. That so many of the new Sunshine's workforce, including manager McLean, mill superintendent John Ackerman, and dozens of miners and technicians, are guys who worked there before, underscores that point.

We wish the very best to Sterling and the Sunshine crew. You brought us a nice and early Christmas present, folks. And with 200 million ounces in Sunshine's holds, you should be around for many a Christmas to come.

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Ich freue mich riesig ... wo sind sie nun hin, die ganzen Erbsenzähler ohne Riecher, die Sterling & De Motte vor einem Jahr angezählt haben, wie einen altersschwachen Boxer beim dritten Comebackversuch?

Gone with the wind ... !

... Me I tell you go further to where the wind blows to ...

Gruß!
gutso

Hatte letzte Woche für 2,60US$ nachgelegt....feine Sache

Hi, Themenstarter!

Sind halt Prognosen nur, ist klar.

Zitat

Thursday, December 20, 2007
Sterling Mining Commences Production at Sunshine Mine
--------------------------------------------------------------------------------

Wallace, Idaho -- December 20, 2007 -- (BUSINESS WIRE) -- Sterling Mining Company (TSX: SMQ / OTCBB: SRLM / FSE: SMX) today announced that it has resumed initial production at the Sunshine Mine in Idaho, USA. This announcement caps off an extremely productive year for Sterling Mining Company which included becoming listed on Canada's senior exchange, the TSX; a successful fundraising of US$24.7 million; and completion of Sunshine Mine's technical report compliant to Canada's National Instrument 43-101 (the "43 101 Report").

The 43-101 Report outlines a production forecast for 2008, amounting to 2.8 million ounces of silver with additional copper and lead credits, based on an average milling rate of 479 dry short tons per day for the year. Building on this startup mill throughput for 2008, Sterling anticipates a steady increase in production over the next three years until an average daily processing rate of 1,000 tons per day is achieved.

The first shipment of concentrate, which left the Mine site this morning for Teck Cominco's Trail British Columbia smelter, comes from processing of newly mined ores.

Also this week, Sunshine Mine has resumed mining activities on lower levels after a methodical and intense four-year process to rehabilitate, improve and re-commission the Mine after its closure by previous operators in 2001.

With renovation of the Silver Summit hoist and rehabilitation of the Silver Summit shaft to the 3000 foot level, Sunshine Mine's secondary escapeway system is now complete. Sterling crews are resuming mining activities from 2700 foot and 3100 foot level workplaces idled at closure. Ores from these levels, at closure, averaged 23.6 ounces of silver per ton. In addition to mining activities being resumed on the lower levels, crews are also processing material from Upper Country drifting and exploration.

Sterling's President Ray De Motte said, "The credit for this historical event goes to the men and women at the Sunshine Mine. Without their expertise, teamwork and relentless efforts this simply would not be possible. We are grateful to the community, employees, vendors, support of shareholders, investors and investment bankers TD Securities Inc. and Blackmont Capital Inc., and look forward to achieving our goal of long-term sustainable production."

To commemorate achieving this major milestone, Sterling Mining has scheduled a ribbon-cutting ceremony and celebration for February 2008, details for which will be announced in a subsequent press release.
Sterling Mining Company will provide updates on production and development activities going forward.

About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol SLRM, and also on the Frankfurt Stock Exchange under the trading symbol "SMX".

FOR FURTHER INFORMATION, visit the Company's website at http://www.SterlingMining.com or contact:

Sterling Mining Company
http://www.SterlingMining.com
Raymond De Motte, President or
Monique Hayes, Marketing/Communications
Tel: (208) 699-6097

CHF Investor Relations
http://www.chfir.com
Alison Tullis, Account Manager
Tel: (416) 868-1079 x233
alison@chfir.com

To receive Sterling news via email, please email sarah@chfir.com and specify "SMQ news" in the subject line. (...)

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Also knapp 3 Millionen Unzen in den ersten Jahren und danach dann deutlich mehr als Ziel. ...

So sieht da vorerst der Plan aus. ...
Hängt natürlich auch von den Grades ab, die sie treffen

Viel hängt für die Finanzierbarkeit jetzt allerdings auch am Silberpreis & wie sie weiterhin an Gelder rankommen werden ... .

Bisher war das Timing bezüglich des Kaufs der Sunshine Mine im Juni 2003 und bezüglich des Produktionsstarts im Dezember 2007 sehr gut.

Die PPs als Finanzierungen dazwischen lagen dagegen manchmal recht ungeschickt.

Was solls, wenn sie daraus gelernt haben, - oder!?

... stell Dir vor sie würden in ein paar Jahren sogar mal Dividenden zahlen ... wäre doch schön, oder?

_________

Wie dem auch sei, für 2008 und für den Anfang, bei 2,8 Millionen Unzen / Jahr:

(2800000*31,1)/1000000 ... Das wären 87,08 Tonnen Silber für den Anfang !

Und bei 479 Trockentonnen * 365 Tage (keine Ahnung, ob man das jetzt so rechnen kann, ich machs einfach mal)

ergeben sich (schlagts mich wenns nicht stimmt):

0,498 kg Silber oder 16 Unzen pro Trockentonne Gestein als erwarteter Average Grade für die Sunshine Mine über die kommenden Jahre !

Bei flächigen Vererzungen - und Überraschungen bei Bohrungen inklusive ... .

Gruß!
gutso

Zitat

Original von gutso
(...)
Und, zur Unterhaltung nochmal den aktuellen Stand unten im Chart, seit dem Moriarty Bashing der Sterling Mining Ende Januar diesen Jahres.
Bob Moriarty hatte damals auf seiner Seite 321 Gold Strategic Nevada Resources (TSX-V: SNS) empfohlen und Sterling Mining als Investment runtergemacht und schlecht geredet.

Wie man sieht, behielt er damit gegenüber dem durch den Markt kreierten Kursverlauf bis zum heutigen Tag Unrecht.
(...)

Es soll sich also jeder SELBST ein Bild davon machen, was am Ende stimmt (ein Update des Vergleiches erfolgt weiterhin in unregelmässigen Abständen)!

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Kann man so erneut posten ...

Unten das Update ...

.. Depot in 2007 von minus 30 auf nur noch -11% zu bringen.

Habe deshalb am Do noch die Gunst der Stunde genutzt und verkaut. Am 2. Januar werde ich woh wieder etwas niedriger und ei paar mehr zurückkaufen....

Hallo elefant_111,

Na dann mal viel Glück, kann schon sein, dass sie nochmal zurückkommt.
Vor allem wenn die Finanzmärkte wieder wackeln. ...
Andererseits: Sieh Dir mal die Spotpreise an. ...
Das ist Öl auf die Schienen.
Ich mache nix & lasse das liegen. Sorgen machen mir nur die noch kommenden Finanzierungen. Ansonsten ist das hier aber doch ein klarer Fall.

Sie können eben auch durch die Drillings viel im Kurs bewegen, - weil sie diese riesen Liegenschaften besitzen.

Bisher haben sie diese Karte noch kaum gezückt, wohl weil die Drillings in Maßen durchgeführt wurden, wegen der hohen Kosten dafür.

Kann sein, dass sie das in Zukunft besser etwas mutiger handhaben.
Stünde ihnen gut, bei der Geologie hätten sie auch gute Chancen.

Gruß,
gutso

PPS: Was machst Du, wenn der Rücksetzer ausbleibt?

Hallo Milly,

w/o ist ein guter Kontraindikator, bin da leider nie.

Für Trades eigentlich ja ein wahres Paradies, direkten Einblick in Schäfchenhirne zu haben.

10 ist wirklich arg ... bei knapp 8 würde selbst ich ernsthaft überlegen (je nach inhaltlicher Situation allerdings) die Position zu halbieren & umzuschichten in andere.

Zuvor sind allerdings ohnehin einige Schwierigkeiten & Hürden zu nehmen ... .
Hardrockmining ist ein grobes Geschäft.
Da kanns einen schon mal erwischen.

Was solls, ich warte lieber einfach ab, die Schwankungen 1 Woche nach Bekanntgabe des Produktionsbeginns interessieren mich wenig.

Gruß!
gutso

... dann kauf ich mir MGN oder Avino - sind auch gute Werte.

Meine Novagold würde ich bei einem evtl. Rücksetzer aufstocken. Bei Scorpio bin ich mir evtl auch - die verzögerte Produktionsaufnhme ärgert mich bei denen sehr - war mE nicht nötig.

Den starken Verfall meiner Buffalo Gold habe ich nicht verstanden - leider habe ich die am Freitag nicht mehr bekommen (limit von 29 Cent war verwegen...).
Auch Sabina, Continuum , Mexican Silver, Macmin, Bralorne oder Cardero kann man zu derzeitigen Kursen aufstocken.

viel Erfolg 2008

...obwohl Kursentwicklung eigentlich merkwürdig aussieht - shortet da jemand?

heute habe ich auf jeden Fall MGN + SRLM urückgekauft und Sabina verkauft - den Betrag werde ich morgen in Sterling umschichten....

"Hunde wollt Ihr ewig leben!?"

Ein paar Fakten - zum Ablauf ... :

Zitat

Wednesday, January 02, 2008
Sterling Adds To Executive & Mine Mangagement Teams
--------------------------------------------------------------------------------

Wallace, Idaho -- January 2, 2008 -- (Marketwire) -- Sterling Mining Company (TSX: SMQ / OTCBB: SRLM / FSE: SMX) today announced the appointment of Matthew Kavanagh as the Company's new Vice President Corporate Development as well as the promotions of Fred Peck and Mike McLean.

Mr. Kavanagh is a Chartered Accountant with 20 years of extensive experience in finance and Canadian markets [ =)]], most recently as Chief Financial Officer at Minco Mining Group and as Director of Finance and Corporate Compliance with Dragon Pharmaceuticals Inc. He has also worked with the accounting firm Coopers and Lybrand for four years in both Canada and New Zealand. As VP Corporate Development, Mr. Kavanagh will contribute organizational and developmental expertise and provide for implementation of a strategic plan to add value to Sterling's non-core exploration land position of over 65,000 acres of silver prospects and projects in key silver districts in the United States and Mexico.

Several other personnel changes have been made.

Sterling has promoted Fred Peck, formerly Accounting Manager, to Assistant Controller. Mr. Peck, a Certified Public Accountant, has been with Sterling Mining Company since February 2006.

Mike McLean has been promoted to General Manager of Sterling's Sunshine Mine Division. Mr. McLean was Chief Engineer and Mine Manager for Sunshine Mine before its closure under the former operators in 2001. Since February 2004, Mr. McLean has been Sterling's Mine Manager for the Sunshine Mine project.

Frank Maciosek, formerly Mine Superintendent, was also recently promoted to become Mine Manager of the Sunshine Mine in light of his mining and technical experience that spans several decades. He has spent 34 years in Idaho's Silver Valley with Asarco [ ], Silver Valley Resources and Coeur Silver Valley in various technical supervisory positions.
[Wer wird denn da an Bunker Hill denken ...?!?! :D]

Sterling's President Ray De Motte stated, "Sterling has experienced rapid growth throughout 2007 and will continue intense growth in 2008. Our employees and consultants now number 150 in the United States and Mexico combined. These appointments and promotions are part of an ongoing process to build management depth in the Company that supports our goals. Since February 2004, Mike McLean and I have very worked closely together; his promotion to GM recognizes his leadership of the Sunshine Mine Division of the Company. Mr. Maciosek's solid experience and proven track record will a great benefit as we move into our first year of production. Mr. Kavanagh will assist guiding Sterling's development to maximize the value of our silver exploration assets."

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Na also. Es wird gedacht. - Weiter so.

Gruß,
gutso

Hallo Lucky!

Dito.

Ich hatte eben allein schon beim Stichwort "Asarco" ... jedenfalls auch so ein Kribbeln über dem Rücken, denn da geschieht gerade irgend etwas!

Wenn das nicht mal ... aber passen tut es eh!

Gruß nach Süden & GN8!
gutso

Sterling Mining auf Trommeltour:

Eine neue Werbephase beginnt (muss ja) ... .

http://biz.yahoo.com/iw/080118/0350386.html?printer=1

Zitat

Press Release Source: Sterling Mining Company

Sterling Mining to Exhibit at Vancouver Resource Investment Conference
Friday January 18, 2:15 pm ET

WALLACE, IDAHO--(MARKET WIRE)--Jan 18, 2008 -- Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) today announced that it will exhibit at the Vancouver Resource Investment Conference on January 20th and 21st, 2008, in Vancouver, British Columbia, organized by Cambridge House International.
The Conference will take place at the Vancouver Convention and Exhibition Centre and features workshops, speakers, and exhibitors. Exhibits will open from 10 a.m. to 6 p.m. on Sunday, Jan. 20th, and from 9 a.m. to 5 p.m., on Monday, Jan. 21st.

Conference participants are invited to visit Sterling Mining Company at Booth 1800, where Management will discuss the re-commissioning of the Sunshine Mine for initial silver production that began December 2007, and its plans to achieve full, long-term sustainable production levels over the next three years.

For more information on the conference, please visit http://www.cambridgehouse.ca.

Looking beyond the Conference in Vancouver, Sterling will commemorate the Sunshine Mine achievement in a ribbon-cutting ceremony and celebration in March, 2008, details to be finalized; the Company will, for the first time, exhibit at the PDAC in Toronto on March 2nd through 5th.
(...)

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Gruß!
gutso

.. und den ganzen Mist wie Blue Note, Buffalo Gold, Macmin etc. mit sehr hohem Verlust aus dem Depot geschmissen. Bin gespannt was nächste Woche kommt.

Depot jetzt:

SRLM 35%
MGN 15%
Sabina 22%
Avino 17%
Continuum, Max Res, Mexican Silver zus. 11%