Silber Companies - Liste und Neues

eldo,
ich glaub der Mars kommt erst in 2 Jahren wieder in den krebs.
Außer er läuft ab jetzt so verquer wie die Juniors....

Neuer Gigant: IPO Fresnillo

UPDATE 2-Mexico's Fresnillo raises $1.8 bln in London IPO

Fri May 9, 2008 5:40am EDT



(Adds fund manager, analyst, shares, detail, background)
By Mark Potter
LONDON, May 9 (Reuters) - Shares in Fresnillo Ltd (FRES.L: Quote, Profile, Research) fell as much as 10 percent after the world's biggest silver producer raised 905 million pounds ($1.77 billion) in a London flotation that was priced at the bottom of the expected range.
Analysts said the share fall reflected a recent retreat in precious metals prices and a lack of appetite for new issues after Czech coal miner New World Resources NWRW.L (NWRSsp.PR: Quote, Profile, Research) raised 1.1 billion pounds in its flotation on Tuesday.
At 0915 GMT, shares in Mexico-focused Fresnillo were trading at 524 pence, down 3.8 percent from their offer price of 555 pence, but off an early low of 502 pence and giving a market value of about 3.8 billion pounds.

[Blockierte Grafik: http://ad.doubleclick.net/ad/reuters.com.dart/bizfinance/markets/news/article;seg1=10064;type=featured_broker;sz=170x40;articleID=INN1230911920080512;ord=5337?]
MEXICO CITY, May 12 (Reuters) - Mexico's Fresnillo (FRES.L: Quote, Profile, Research), the world's largest silver producer, plans to double its production of precious metals over the next decade, the company's chief executive said on Monday.
Jaime Lomelin told reporters that the recently London-listed company, a subsidiary of Mexico's Penoles (PENOLES.MX: Quote, Profile, Research), will ramp up annual production of gold to 400,000 ounces and silver output to 60 million ounces with an expansion of its main silver mine and new exploration. (Reporting by Mica Rosenberg; Editing by David Gregorio)

REVETT mit Gewinn:

http://biz.yahoo.com/cnw/08051…vettminerals_q1.html?.v=1
Auszug:
Revett Minerals Reports Operating and Financial Results for the Three Months Ended March 31, 2008
Thursday May 15, 3:00 pm ET
SPOKANE VALLEY, WA, May 15 /CNW Telbec/ - Revett Minerals Inc. (TSX-RVM) ("Revett" or the "Company") is pleased to report on its improving operating and financial performance for the three months ended March 31, 2008. All currency in this report is in United States dollars unless otherwise indicated The major highlights for the quarter ended March 31, 2008, included:

- Troy (100% basis) achieved improved mill throughput averaging
3,332 tons per day compared to 2,309 tons per day during the
three months ended December 31, 2007;
- Troy (100% basis) produced 2.1 million pounds of copper and
231,912 ounces of silver compared to 1.1 million pounds of copper and
127,352 ounces of silver for the three months ended December 31, 2007;
- Revett Minerals acquired the Kennecott term note leaving the
consolidated company with only minimal non-royalty related fixed term
debt, all of which relates to capital leases;
- For the three months ended March 31, 2008, the Company reported income
from operations of $1.9 million compared to a loss from operations of
$6.5 million for the three months ended December 31, 2007; and
- The Company reported net income of $1.4 million or $0.02 per share for
the three months ended March 31, 2008 compared to a loss of
$3.0 million or $0.04 per share for the three months ended December 31,
2007.

FR auch mit Gewinn: irgendwie sind mir die Zahlen nicht ganz klar.
Über 1 Mille oz verkauft, aber nur 12 Mille Einnahmen. da ziehen sie gleich was ab, aber was. Explorationskosten oder csh costs wohl nicht??
La Parilla läuft jedenfalls immer besser, Encandada ist sowieso der Heraußreißer, Martin muss noch in Bewegung kommen.

Wichtg wäre, dass im Herbst die warrants zu 6,5 eingelöst werden, das Geld wird nötig sein.
Da gibt´s noch welche knapp über 4, die dürften mit dem ergebnis in die Tücher kommen....

First Majestic Silver Corp.: Record First Quarter Financial Results
Friday May 16, 9:11 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 16, 2008 -- FIRST MAJESTIC SILVER CORP. (Toronto:FR.TO - News)(Other OTC:FRMSF.PK - News)(Frankfurt:FMV.F - News)(WKN: A0LHKJ) (the "Company") is pleased to announce the unaudited financial results for the Company's first quarter ending March 31, 2008. The full version of the financial statements can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com.Keith Neumeyer, President and CEO commented: "We've had an outstanding start to 2008. Some challenges still exist and several improvements are either underway or planned for 2008. However, the momentum underway at each of the Company's three producing silver mines is extremely encouraging. This first quarter marks the best quarter in the Company's history and is the first quarter that a bottom line earnings per share has been achieved."

First Quarter Highlights

Total Revenue increased by 28% to $12.96 million

Earnings from mine operations increased to $4.7 million

Net Income for the quarter $1.0 million

Operating Cash Flow for the quarter increased to $4.8 million

Total Equivalent Silver increased by 5% over
the prior quarter to 1,061,720 ounces

Total Cash Costs per Silver Ounce for the quarter US$6.51

Total Mining Costs per Tonne for the quarter US$45.83

Cash in Treasury at March 31, 2008 $52.8 million

-Cash costs and mining costs per tonne are non-GAAP measures.
-Financial information in this news release is based on Canadian GAAP.

Summary of Financial Results
- Sales revenues for the quarter were $12.96 million, an increase of 28% compared to $10.16 million for the quarter ended March 31, 2007.
- Mine operating earnings for the quarter amounted to $4.7 million, compared to $0.4 million for the quarter ended March 31, 2007.
- The Company generated operating income of $1.5 million for the quarter, compared to an operating loss of $1.4 million for the quarter ended March 31, 2007.
- The Company generated its first quarterly net income for the quarter ended March 31, 2008, with net income of $1,065,323 ($0.02 per share) compared to a net loss of $3,061,899 ($0.06 per share) for the quarter ended March 31, 2007. The net income for the year was after deducting a non-cash stock-based compensation expense of $1,108,216.
- The Company has approximately $53 million in its treasury, is generating significant cash flows from operations, and has sufficient capital to support its operating requirements for the foreseeable future provided it does not undertake any major acquisitions, or any major capital projects.
- Total quarterly production consisted of 1,061,720 ounces of silver equivalents, including 895,358 ounces of silver, 240 ounces of gold, and 1,857,897 pounds of lead. Shipments in the quarter totalled 1,019,490 ounces of silver equivalents.
- In the quarter, the Company invested $5,593,433 million in capital expenditures on its mineral properties, and a further $3,694,972 million on additions to plant and equipment.
- Direct cash costs per ounce of silver for the quarter ended March 31, 2008, were $US6.51 per ounce, and averaged $4.38 for La Parrilla and La Encantada combined. Start-up costs of the new flotation circuit, and low grades of the sulphide ore feed to the mill in March at San Martin were responsible for increasing the consolidated cash costs to $US6.51. It is anticipated that due to changes commenced in the first quarter at San Martin, that costs will begin to improve at this operation in the second quarter.
2008 Outlook
As the Company's Reserves and Resources continue to grow, the Company continues to focus on expansion of its mills and mining operations in order to increase output. Management at First Majestic is focused on continuing the ongoing improvements at each operation to achieve production and resource targets for 2008. The Company is targeting 5.3 million of silver equivalent production for 2008, and continued increases in NI 43-101 compliant silver Resources. The Company's primary focus is to build long term sustainable mining operations, and shareholders can be assured management at First Majestic is very focused on growth and profitable mining operations.
Improvements made to date in 2008 include; the completion of the flotation circuit at the San Martin; the replacement of the secondary crusher at the La Encantada; and, the addition of two new filter presses at the La Parrilla.
An important part of improving mining efficiencies and costs, 20 pieces of underground equipment were ordered for delivery in 2008, of which 12 have already been delivered. This new equipment includes scoop-trams, underground trucks and jumbos.
Other improvements that are either in the planning stage or scheduled for the remainder of the year, include: mill expansion plans at the La Encantada anticipated to be launched in the second quarter; extensive geophysics program at the La Encantada property is scheduled; changes underway at the San Martin to increase tonnage and reduce the cost per tonne; expansion of the San Martin mill in the early planning stage; the Chalchihuites project is undergoing an extensive development program which includes diamond drilling in order to release a NI 43-101 report in July; at the Cuitaboca project the exploration and development program will continue through the year for an anticipated release of a NI 43-101 report by year end; updated NI 43-101 reports will be released on of the La Parrilla, La Encantada and San Martin Silver Mines during the year.
Reserve and Resource development remains a top priority for the Company. Presently twenty drill rigs are operating; five rigs at La Parrilla and three at the Chalchihuites, nine rigs at San Martin and three rigs at La Encantada.
The Company's plan for 2008 also includes the completion of over 82,000 metres of drilling and over 46,000 metres of underground development.
First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.
FIRST MAJESTIC SILVER CORP.
Keith Neumeyer, President & CEO

Heute Arian Silver raus. Alles Geldbeschaffung und depotspezifische Bereinigung.
Vor 2 Monaten gekauft.
Eigentlich nichts einzuwenden gegen Arian, eher sogar das Gegenteil...

Tom Szabo mit hochinteressantem Kommentar: zu Silver wheaton und Silber/Zinkkonzentrat am Beispiel von Hecla

Now for a quick update on silver stocks. I bought another 5,000 shares of U.S. Silver, under 50 cents, in the past 2 weeks. The company recently announced a share buyback of up to 7 million shares, which is not huge compared to the 211 million shares outstanding but it does indicate that the ballooning share count is probably not a big worry going forward. I still view my strategy of U.S. Silver doubling by early December as viable.

Then there is Hecla, which released its first quarter results recently and the shares got knocked because earnings did not meet expectations and costs are rising. On the earnings front, the miss was basically due to a delay in shipping a month's worth of concentrates from Greens Creek, so this was really a nonissue. With respect to costs, Hecla made a point that should be of interest to all shareholders who own companies that produce silver in lead and zinc concentrates: apparently lead/zinc smelting costs are about to go much higher like many other aspects of the mining industry and there also appears to be increasing competition for smelting contracts with the possibility that some producers could be left out in the cold (the last part is my speculation, not Hecla's). So, I would suggest that you add another arrow to your "due diligence quiver"--namely, it is now more important than ever to understand the wherewithalls of your silver producers' smelter contracts especially where production is growing from a small profile to a large one.

Finally, it looks like Silver Wheaton will keep announcing silver stream deal after deal, the latest with Farallon Resources. This actually has an interesting tie-in with the CFTC study. Some of you may recall that I wrote a piece a few years back about how Silver Wheaton was about to change the silver market because by-product miners typically sold their silver production forward and this was the basis for a significant portion of shorting including the commercial shorting on the COMEX. In fact, the CFTC refers to this being one of the major reasons for commercial shorting on the COMEX. So along comes Silver Wheaton and others like Capstone Silver and Coeur d'Alene Mines and they start to buy up this by-product source of silver. The result is that, little by little, the source of forward selling is diminished and the silver price is no longer pressured by an artificial (paper) supply of silver coming on the market prior to the appearance of real supply in the form physical production from the mines. I thought (and I still do) that such a development would chip away at one of the major constraints to higher silver prices--the propensity to short forward production. And so, Silver Wheaton's ability to still do these types of deals is a very bullish fundamental factor in the silver market, even though I'm the only one who seems to talk about it.

Grüße
Tschonko

PS: Heut Abend lass ich mich von Leo Bassi mit Äpfeln beschießen.....
Da sind Karten weit vorne "erhöhtes sicherheitsrisiko"........

Hier bei Fleischer Raab: http://tvtotal.prosieben.de/co…786/0786-00-03-index.html

Besser hier bei einem comedy festival in Deutschland: "Leo loves Germany..." Ein Muss!
http://youtube.com/watch?v=1vqPzVdLIpI

So jetzt, wird mir mehr Spass bereiten als die Juniors zur Zeit, obwohl die performance nicht unähnlich ist....

Hallo value,
danke, hab nur den "kurzen" bericht gelesen.

Kann man so machen: EDR, GGC machen es nicht so.
Mich interessieren die oz. ein bisserl über 1 Mille, werden halt so gut 4,5 werden übers Jahr.
Prognoose über 5. Die Kosten sind sehr hoch, was heißt die 45 Mille aufzunehmen war sehr klug.
absolut on the way....

Im Vergleich der Genco Bericht. Die bringen es auf ca 400 t oz jährlich und schreiben Verlust, also ein Zehntel.
Haben diesmal kleinere Silver equivalent grade (g/t) ausgebeutet.
Klug, die highgrades würd ich mir sparen, wenn man sie mal braucht.
Glaub, FR wird sie heuer einsetzen....

Also gut find ich die Zahlen nicht, aber auch nicht schlecht. Schulden sind auch nicht zu verachten. GPR gefällt mir fast besser.
Der Kursverlauf hat schon vorher seinen Kommentar abgegeben.
Wurde wohl noch schlimmer erwartet

http://biz.yahoo.com/ccn/080516/200805160462759001.html?.v=1
(der Bericht enthät sehr viele Zahlen, darum nur als link.

Im Vergleich noch mal die 2,8 Mille oz von de Motte. Nach dem ersten Quartal kaum 100 t
Was da am Ende des Jahres rausschaut, da bin ich gespannt.
Was Anleger davon halten, wurde schon im PP angedeutet....

Gestern waren mehr Käufer am Markt. OK, Genco, FR und vor allem Cardero sehr gefragt, Es tut sich bei einigen was.
EGD.V schloss z.B. auf ATH.....

grüße
tschonko

silberbug,
hier ist der link zu Zielmann.
http://www.safehaven.com/article-10273.htm

Wie bereits erwähnt, sie bauen zur Zeit low grade ab, was ich intelligent finde.
Bist im Plus oder im Minus bei Genco, sozusagen Kardinalfrage....

Am 17.5 um 02:18, also nächtens, gab es ein bemerkenswertes posting von "honeymoon" im First majestics Thread von "langfristtrend vulgo nachteule".
Der ist gut (thread)
Also ich hab zehnmal warum? gefragt, dann war es mir klar....
SOOOO: warum , wenn FR Gewinn schreibt, warum mitten in der Nacht, warum überhaupt (die wichtigste frage... )

Vorher wurde kurz ein Aktienrückkaufprogramm erwähnt.
Honey scheint viele FR zu haben, nach eigenen Aussagen...

"Ich hab ihm die Pistole "auf die Brust gesetzt", dass wenn er das macht seine Aktie (einmal mehr) mächtig abstürzen sieht (weil ich dann agressiv abverkaufen würde - sooooo vieeeeele will er bestimmt nicht zurückkaufen, glaubs mir).

Jetzt ist er mal wieder stinkig auf mich (naja bin ich gewohnt, "the fucking german(s)" halt), aber zumindest kam kein Blödsinn mehr zu diesem Thema. Ich glaube zwar nicht, dass er das ernst meinte und das nur ein recht verzweifelter Versuch war den fortlaufenden Kurssturz aufzuhalten. Aber um sicher zu gehen, hat er umgehend nach dem KC Post von mir bekommen...("I hope this is a joke like your annual forecasts!"...)

Um es mal deutlich und unmissverständlich zu formulieren: Keith ist für den Kurs zustängig, genauer gesagt für die Kapitalbeschaffung. Klappern und Märchenerzählungen - milde Formulierung für vorsätzliches Lügen - eingeschlossen. 'Die anderen tuns ja auch!' Unverblühmt ausgedrückt: Er muss täglich ein paar neue Dumme finden (die ihm seine standardisierten Mondprognosen abkaufen), davon stehen täglich ja angeblich genug auf. Für was anderes ist Keith nicht zuständig, wirklich nicht! Die meiste Zeit hängt er in seinem Londoner Appartment ab (und überlegt, wann er sich die nächsten stock options am besten zuteilen kann). Ab und an, aber nicht ansatzweise so oft, wie manche hier sicherlich glauben, fliegt er rüber nach Mexiko und besichtigt die Fortschritte (sprich kriecht in den Minen rum). Wenn der Kurs zu sehr fällt, kriegt man schon mal ne Mail von ihm, wo er von seinem letzten erfreulichen Minenbesuch berichtet...

Um es auf den Punkt zu bringen: Keith ist ein Versager (im privaten wie im beruflichen), ein ziemlich ärbärmlicher Manager (zur FM-Story sag ich jetzt mal nix, außer dass er seine letzten FM Aktien bei 8 CAD verkauft hat), jedoch ein recht gewiefter Märchenonkel. Sein zweifelsfrei bester Streich in Sachen First Majestic war: Ramon als COO zu gewinnen! Die Mitarbeiter lieben ihn - nein, sie vergöttern ihn. Sie geben alles, denn sie DÜRFEN für ihn - einer von ihnen - arbeiten. Ramon gebührt alle Ehre, er managt den Laden - ohne ihn würde Keith ziemlich alt aussehen...

Aber Ramon kann nur so gut sein und vorankommen, wie es die Kasse zuläßt. Und da schließt sich der Kreis. Die aktuelle Liquiditätsaussattung ist komfortabel, ja so gut, wie sie es in der Firmengeschichte bisher niemals war. Doch Keith wäre nicht Keith, wenn er die (Bohr-)Ziele nicht promt ziemlich hoch hängen würde. Wenn er die Pläne halbwegs ernst meint, und danach sieht es für mich durchaus aus, dann relativiert sich die Kassenlage von gut auf gerade so ausreichend. Je nach cash flow Entwicklung, verbleibt kein großer Spielraum, gerade wenn kein neues Cash durch KEs oder Warrantausübungen reinkommen würde. Daher sind sämtliche Abenteuer, wie es ein Aktienrückkauf zur Kursaufbesserung wäre, strikt zu unterlassen um diese erstmals angenehme Situation nicht unnötig aufs Spiel zu setzen und damit letzten Endes auch die Ziele zu gefährden. Die Ziele sind toll, damit kein Zweifel aufkommt - ich unterstütze sie voll. Aber machen wir uns nichts vor, die realistischen Ziele liegen woanders. FR wird 2008 weder 5.3 Mio. oz eq produzieren noch 82,000 Meter drillen bzw. 46,000 developen.

Um auch gleich mal einen brauchbaren Outlook abzugeben (Keiths tat das ja noch NIE und ich bezweifel das er das je tun wird): realistisch - ohne Zukauf - sind 4.75 Mio oz eq Produktion plus/minus .10 Mio oz eq. Die Bohrziele sind vollkommen realitätsfern. Wenn jetzt wirklich 20 rigs im Einsatz sind, sind sie (zu max. 90%) realistisch für den Zeitraum Mai/Juni 2008 - Mai/Juni 2009. Damit wäre ich mehr als zufrieden.

Schlussworte: Keiths Öffentlichkeitspolitik ist in zunehmenden Maße eine Belastung. Es ist ein Trauerspiel, das die eigentlich hervorragende operative Entwicklung durch falsche, unrealistische und damit unerreichbare Prognosen in ein falsches Licht gerückt und damit abgewertet wird.

Für die Company wäre es das beste, wenn Keith das selbst erkennen und die Konsequenzen ziehen würde - indem er seinen Hut nimmt und einen unbelasteten CEO ans Ruder ließe. Mit Keith an der Spitze genießt FR keinerlei Vertrauensvorschuß am Kapitalmarkt (leider nicht mal wenn die Kasse stimmt) sondern eher einen "Keithchen-Bewertungsdiscount". Es macht eben einen erheblichen Unterschied, wenn man mit Resultat 3.6 Mio. oz eq Produktion kommt, ob man zum Jahresanfang 3.5 oder 5 Mio. prognostiziert hat.

Leider steht zu befürchten, dass wir weiterhin mit Keith auskommen müssen. Sein Ziel, die Aktie 2008 auf die Einkaufsliste der Fondsmanger im Silbersektor zu setzen, wird so jedenfalls schwieriger zu erreichen. Wenn sich Profis seine bisherige Prognosesicherheit anschauen, halten sie sich leider vor Lachen den Bauch und lassen die Aktie links liegen. Es müssen daher Faken her, aber das dauert. Aber wer weiß, es geschehen ja noch Zeichen und Wunder. So hat Keith sich ja auch jahrelang gesträubt Bohrergebnisse zu veröffentlichen, nur um letztes Jahr einzuknicken und es doch plötzlich zu tun. Wer weiß, vielleicht kommt ja doch noch der Tag, an dem er seine erste (Produktions-)Prognose einhellt. Ich gebe die Hoffnung jedenfalls (noch) nicht auf nicht auf und werde auch weiterhin auf Verbesserungen drängen. Auch auf die Gefahr hin, sich immer wieder unbeliebt zu machen. Von Keith will man allerdings auch nicht geliebt werden, wenn man ihn (wirklich) kennt. Er ist ein notwendiges Übel oder - die wichtigste Unwichtigkeit im FR-Universum.

Sorry, wenn dieses Post leicht desillusionierend war.

Gruß Honey [Blockierte Grafik: http://img.wallstreet-online.de/smilies/rolleyes.gif] 
(autsch, nun sollte ich mich nächste Woche defintiv nicht blicken lassen... [Blockierte Grafik: http://img.wallstreet-online.de/smilies/laugh.gif] ) "

Grüße
Tschonko

silberbug,
noch zu Genco: der Bericht von Zielmann kam am selben Tag wie die Zahlen.
Die waren ja negativ, wie gepostet.
Im Bericht. "According to some independent analyst, Genco's earnings could reach 13 cents/share in 2008 and 32 cents/share in 2009. At a PE ratio of 6, Genco, we believe, is an outstanding purchase, especially when you compare its valuations with some other producers like Newmont with a PE ratio of 15, Kinross Gold PE ratio of 17, Goldcorp PE ratio of 30 and Agnico Eagle Mines PE of 38."

Glaubst du, dass Genco heuer noch auf 13 cts kommt? Also ich nicht.
Aber nichtsdestotrotz haben sie, wenn alles läuft, exzellente Aussichten.
Mir produzieren sie zu wenig oz zur Zeit.

Werd in den nächsten tagen etwas zu EXM schreiben, weil es symptomatisch ist, was da abläuft.

Hallo Milly,
tja, du sagst es schon ne weile....
Kommen dir die Typen nicht bekannt vor, die es immer schon eine Weile gesagt haben?
Jetzt sag dir ich mal was:
Du hast den Beitrag von honeymoon überhaupt nicht kapiert. Denk mal nach drüber!....
Kennst du eigentlich noch andere CEO´s außer KN und de Motte?
Wenn du kannst, vergleiche mal die beiden!

Ich könnt da noch beliebig fortfahren, will dich aber nicht überfordern.....
Also Milly, zeig mal, dass du auch was anderes kannst (was du übrigens schon öfter unter Beweis gestellt hast), als blöd daherreden (dummschwätzen sagt ihr, glaub ich...)
Ah ja, was sagst eigentlich zu CNQ? da hab ich ja gemeint, die entspräche deinem Anforderungsprofil.....

Noch ein Bericht zu MFN:

Analyst Tour of Minefinders’ Dolores Mine

by: Mike Niehuser posted on: May 11, 2008 |

We visited Minefinders Corporation’s (MFN) Dolores mine in Chihuahua, Mexico. It was an exciting opportunity and a privilege to visit such a significant project at a time when the very first ore was being placed on the leach pad. Minefinders’ CEO Mark Bailey was part of the team that discovered the Dolores deposit in 1996. In twelve years he led the development of Dolores, drilling over 1,000 holes, 200,000 meters and completing several feasibility studies. (Note: This piece includes both photos and links to video clips captured by the author.)
The Dolores project is coming into production at a time when investors have been disappointed in an industry becoming known for shelved projects, delays, and/or cost overruns. It would appear to us that Minefinders’ management is becoming more confident that reaching full commercial production is within reach. Given the significant amount of drilling and study being done to develop the reserve estimate and mine plan, we believe the project has been conceived in a manner that should allow it to move into production with the greatest opportunity for success, while minimizing the potential for negative surprises which are currently disappointing investors with other companies.
Minefinders has also purchased all new crushing and screening equipment, as well as rolling stock, to provide a longer working life with maximum uptime and operational efficiency while minimizing breakdowns. They have a fleet of 15 100-tonne mining trucks, two shovels, two water haulers, three loaders, as well as drills, tracked and wheeled dozers, graders and other ancillary equipment. In addition, Minefinders has contracted maintenance with Road Machinery, which is a Komatsu dealer. Road Machinery has dedicated 90 individuals to maintain all of the equipment, providing all parts and service. For this reason, we also have confidence that maintenance issues will be reduced and quickly resolved.
Figure 1 - Panorama of Dolores Mine, Chihuahua, Mexico
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/thumb_480_mn1_resize.gif]
We found the Dolores project to be substantially complete except for construction of the truck maintenance building, assay lab, and other minor offices. To get to this point, the company completed a 92 km access road, a new village, medical facility and 300-person camp, plus substantial earthworks for solution ponds and leach pad and areas to assemble power generators, crushers/filters, and the Merrill Crowe plant. (Figure 1—Panorama of Dolores mine, upper left, north end of pit; lower center, primary, secondary, tertiary crushers and Merrill Crowe plant; to the right, fine ore pile, solution ponds, and truck shop; upper right, Leach Pad Phase 1).
The equipment is in the final stages of commissioning. The high angle conveyor [HAC] was in the process of being commissioned during our visit, and ore was being placed on the leach pad. The Merrill Crowe plant and other systems will be commissioned as they are brought into service. Minefinders anticipates leaching will begin shortly, with first gold-silver doré produced in late June of 2008. They appear confident that the project will achieve operating profitability by September of 2008, and full commercial production in 3Q08 at a sustained rate of production of 18,000 tpd. The Dolores mine is projected to produce 1.77 million ounces of gold and 64.3 million ounces of silver over a 16-year mine life.
Figure 2 – Mining Commences at North End of Pit
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/mn2.gif]
(Video clip)
Minefinders is on course to become a mid-tier gold-silver producer in 2008. Mining commenced in October of 2007 at the north end of the pit with separation of waste and ore (Figure 2—Video Clip 1). Waste has been removed to build haul roads or moved to the waste pile. The mining rate has increased to 82,000 tonnes per day with over 700,000 tonnes of ore stockpiled for processing as the crushing circuit is commissioned (Figure 3—Video Clip 2). Some ore will remain in the exposed benches to conserve space and in order to avoid moving it twice. The combination of stockpiled ore and ore exposed in benches should reduce the potential for bottlenecks allowing operations to ramp up quickly to commercial production.
Figure 3 – Trucks Dumping Waste and Stockpiling Ore
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/mn3.gif]
(Video clip)
Ore will be trucked down from the north end of the pit to be processed through the primary and secondary crushers (Figure 4—Video Clip 3). The screens will separate the oversized ore to be reprocessed through the tertiary crusher. The primary, secondary, and tertiary crushers were in the process of being commissioned during our visit, and were operating at about one third capacity. Crushed ore ready for the leach pad was observed being moved by an overland conveyor to the dust reduction tower and fine ore stockpile.
Figure 4 – Crushing Circuit (primary, secondary and tertiary crushers)
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/mn4.gif]
(Video clip)
Ore will be transferred from the fine ore stockpile with a conveying system coming out of the escape tunnel to the HAC system (Figure 5—Video Clip 4). The HAC will transfer ore up to Leach Pad Phase 1 utilizing a dual tension conveyor belt system. While the HAC was in process of being commissioned during our visit, ore in the meanwhile was being temporarily trucked up to the leach pad and gently distributed onto the liner to build a platform for the grasshopper and stackers. They estimate that they will need to place about 50,000 tonnes of material on the leach pad over the liner before moving the stacker.
Figure 5 – Overland Conveyor to Fine Ore Stockpile and High Angle Conveyor
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/mn5.gif]
(Video clip)
Leach Pad Phase 1, the first of five phases, is lined and is receiving ore. It is anticipated that this immense pad will be covered after the first two years of mine operation (Figure 6—Video Clip 5). The leach pad will be radial stacked to avoid compaction from trucking ore out onto the leach pads. This should allow fluids to pass through the pile and properly leach the ore.
Figure 6 – Leach Pad Phase 1, Solution Collection System
[Blockierte Grafik: http://static.seekingalpha.com/uploads/2008/5/11/mn6.gif]
(Video clip)
The primary pregnant solutions pond is fully lined and ready. The overflow pond provides back-up in anticipation of higher than expected rainfall. Water had been pumped to the pond and was available for initiation of leaching. Barron solution delivery and the Merrill Crowe plant should complete commissioning as they are needed by the operation.
In summary, critical path items, including the first phase of the leach pad, solutions ponds, power generation, main power transmission, primary and secondary crushing and conveying are now in operation. The operation is expected to produce gold-silver doré during the 2nd Quarter of 2008. Full production rates for mining are targeted for this quarter as well; steady-state leach recoveries at nominal average rates (72.5% gold, 51% silver) are now expected during the 3rd Quarter of 2008. They are working to complete a Scoping Study by December to make a construction decision in early 2009 for a 3,000 tpd mill and flotation plant to improve recoveries for higher grades beyond the third year of the mine plan.
[b]Disclosure: The author is long MFN. An affiliate of the author's employer provides corporate advisory services to MFN.[/b]

@dau,
da war Milly angesprochen mit "überhaupt nich kapiert"......

Geistig hochstehend muss man da gar nicht sein, eher nur ein paar Fragen stellen.

Ist H. Privatier, also hat er alle shares selber, kontrolliert er welche über fond od. community im weitesten Sinn (Börsenbrief, Promotor) etc.
Wieviel shares hat er?
Es ist auch mit Sicherheit auch eine Botschaft an kN, weil sie ihn sicher bereits erreicht hat.
H. kennt KN und Umfeld gut.
H. ist mächtig sauer auf KN. Wenn man eine gewisse Anzahl shares hat, sinkt der Einflussbereich, wenn neue dazukommen, nur als Beispiel.
Es geht sicher nicht um überzogene Ankündigungen, weil die waren nie so überzogen.
Das ist üblich, dass man etwas mehr erwartet
Gehst´ja auch nicht ins Puff und sagst: Puhh, da wird aber viel gebumst....
warum er was gegen Aktienrückkauf hat, versteh ich nicht, würd ihm ja nutzen.
Vor allem war FR recht billig und die kann man dann ja teurer wieder abgeben.

na ja, da kann man nocht lang wieter tun in der Art.
Mich unterhält so was hervorragend, drum hab ich es hier reingestellt.
FR ist nach wie vor grösste Silberposi....

Milly,
passt ja alles, wie du es siehst.
Die Warnung vor Silver companys ist angekommen.
Weiters, dass du sie mit Aktien des neuen Marktes vergleichst
Kannst auch einen Ochsen mit einem Salamander vergleichen!
Der kann letzteren sogar zuscheißen, wenn dieser nicht aufpasst...

Hier geht´s halt um silver companies, compadre

Ol: Aktien long, Ol short sagst du und sie sind bei 80 eingeptreist.
Aktien werden aber auch fallen, wenn Öl auf 100 zurückkommt, egal wie eingepreist.

Grüße
Tschonko

First majestics hat a bisserl angeschoben in den letzten Tagen.

Ich ging gestern "Fremd". Verantwortlich dafür war der Herr Fredi.
Das versteht ein jeder:
http://www.youtube.com/watch?v=D3gvWqPFqoo

Das versteht nicht ein jeder:
http://www.youtube.com/watch?v=9MCTAIXCaWw

Silvermex Resources: High Grade Silver-Lead-Zinc Results Returned From Sampling Along 2,400 Meters of Surface Strike and 200 Meters of Underground Workings at La Frazada Project, Nayarit, Mexico
Wednesday May 21, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2008) - Silvermex Resources Ltd. (TSX VENTURE:SMR - News) announces that a first phase surface and underground sampling program at its 100% owned La Frazada project have returned silver assays as high as 2,495 g/tonne Ag (80.22 oz/tonne Ag) across 1.5 meters on surface at the Jabalina vein, 251.01 g/t Ag (8.07 oz/t Ag) across 1.5 meters from underground at the La Frazada workings and 539.8 g/t Ag (17.35 oz/t Ag) across 15 meters from a breccia zone underground at the Tiro Real shaft. The La Frazada project is a 360 hectare concession located along the South West margin of the Sierra Madre Occidental, in the historic mining district of Real del Zopilote, in the state of Nayarit. The La Frazada project is located approximately 300 km North West of Guadalajara and 200 km south of the San Marcial project under option to the Company. Based on the results of this program, a drill program initially scheduled for later this year may be accelerated.
.......................................

Viele tabellen, daher http://biz.yahoo.com/ccn/080521/200805210463310001.html?.v=1

Aurcana mit Results:

Aurcana Corporation is a Canadian mining company listed on the TSX Venture Exchange, symbol AUN. The acquisition of 100% of the Shafter silver mine, in Presidio County, Texas, has transformed Aurcana into an emerging primary silver producer. Shafter is planned for start up in 2009 with silver production of 3.2 million ounces. Additionally, the 80% owned La Negra silver-lead-zinc-copper mine in Queretaro State, Mexico, operates at 1,000 tonnes per day and the 100% owned Rosario silver-lead-zinc-gold mine in Sinaloa State, Mexico, is also advancing towards production at a planned rate of 800 tonnes per day. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra, Shafter or Rosario and there is no certainty the Company's plans will be economically viable.

Aurcana, together with its proven construction and operating team, is 100% committed to restoring and restarting the historical Shafter silver mine at the earliest opportunity. Additionally, aggressive exploration programs are being carried out at the La Negra Mine and the Rosario Mine in order to increase historical reserves and resources. With success, this could lead to further increases in silver production. Aurcana, while committed to advancing its current projects, continues to seek and evaluate additional high quality, producing or near producing silver projects.

http://biz.yahoo.com/ccn/080521/200805210463312001.html?.v=1

Aurcana Reports 145 g/t Silver and 1.96% Copper Over 23.5 Meters
Wednesday May 21, 8:01 am ET

High Grade Copper - Silver Zone Continues to Expand at La Negra