Beiträge von heron

  • Impact Silver - IPT.V - WKN: A0HGWG

    IMPACT Announces Second Quarter Results


    In the second quarter of 2007, the Company achieved higher levels of throughput at the Zacualpan mine, averaging 279 tonnes-per-day ("tpd"). The amount of silver produced in the quarter was 13% lower, however production in lead increased 95% and zinc by 74% over the comparable quarter in 2006. The number of total tonnes processed also increased by 75%.


    IPT.V schreibt schwarze Zahlen. Die Produktion im zweiten Quartal entspricht der im ersten.


    VG heron

  • Energold Drilling Corp: EGD.V - CA29268A1031

    Energold Announces Second Quarter Results Including Record Production and Continued Expansion
    Monday August 27, 8:00 am ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2007) - Energold Drilling Corp. (TSX VENTURE:EGD - News; FRANKFURT:X9X - News; "the Company") is pleased to announce its 2007 second quarter consolidated results including the best ever revenues and meters drilled for a quarter. Gross revenues for the quarter were $8.64 million (up 25%) on 64,000m of drilling from gross revenues of $6.9 million in 2006 on 52,000m of drilling and for the year to date revenues were $16.1 million (up 46%) on 117,000m compared to $11.0 million on 84,000m in 2006.


    ADVERTISEMENT
    Earnings for the quarter were $1,836,000 (2006 - $1,510,000), which includes a foreign exchange loss for the period of $1,206,000 (2006 - $275,000) and a gain on disposal of assets of $1,317,000 (2006 - $0). In 2006 the Company recorded a dilution gain on the investment in IMPACT of $1.06 million for the quarter and $1.39 million for the year to date, the comparable figures for 2007 were $23,000 for the quarter and $61,000 for the six months. Earnings per share were $0.07 for the quarter and for the six months $0.11 compared to $0.07(i) and $0.09(i) for the comparable periods in the prior year.


    During the quarter the Company completed a $15.0 million financing which added net $13.9 million to the Company's balance sheet. As at June 30th consolidated working capital position was about $35.8 million, an increase of just over $17.0 million, almost double, from its net consolidated working capital position of $18.7 million at December 31, 2006.


    Consolidated group cash and cash equivalents were $21.8 million at the end of the period compared to $10.9 million December 31, 2006 an increase of over 100%. Energold's very strong balance sheet does not reflect the current market value of the equity investment in IMPACT. Based on closing market prices at August 17, 2007 the investment has a current market value of $9.0 million or approximately $6 million more than our carrying cost. Energold has 29.92 million shares outstanding and fully diluted 34.9 million as of June 30, 2007.



    Results Comparison (Canadian $ 000's except per-share amounts and meters
    drilled)


    --------------------------------------------------------------------------
    Three Months Six Months
    --------------------------------------------------------------------------
    Ended June Ended June Ended June Ended June
    30, 2007 30, 2006(i) 30, 2007 30, 2006(i)
    --------------------------------------------------------------------------
    Gross Revenues 8,640 6,948 16,113 11,053
    --------------------------------------------------------------------------
    Gross Margins 3,740 2,381 6,591 3,543
    --------------------------------------------------------------------------
    Income before Taxes 2,727 1,837 3,964 2,428
    --------------------------------------------------------------------------
    Net Income 1,836 1,510 2,655 1,931
    --------------------------------------------------------------------------
    Earnings Per Share
    - Basic 0.07 0.07 0.11 0.09
    --------------------------------------------------------------------------
    - Diluted 0.07 0.07 0.11 0.09
    --------------------------------------------------------------------------
    Metres Drilled 64,000 52,000 118,000 84,000
    --------------------------------------------------------------------------
    (i)Restated



    The Company fully consolidates its 50.01%-owned Pac Rim Drilling S.A.C., 50%-owned subsidiary Kluane International Drilling Inc. and its affiliates. The Company's approximately 16.7% interest in IMPACT Silver Corp. (TSX VENTURE:IPT - News) is accounted for on an equity basis.


    The increase in the overall level of activity reflected the existing demand within the industry and the growth of the Company's particular niche within that industry. The efforts of prior years provided the establishment of the infrastructure necessary to handle this increase and the Company is anticipating further growth in 2007 both in existing markets and a number of new locations. The Company subsequent to June 30th has ordered 8 new rigs anticipated as being delivered before the end of the third quarter bringing the total number of rigs jointly and directly owned to 41.


    Energold will be reviewing its 2007 Second-Quarter results via the Internet at 1:00 pm ET, 10:00 am PT, Wednesday, September 5, 2007. The webcast (audio only) can be accessed at: http://events.onlinebroadcasti…energold/090507/index.php and will feature management discussing the Company's financial and operational results.


    Energold Drilling Corp. is an environmentally and socially-sensitive diamond drilling company that services the mining industry. Energold also holds 6.6 million shares of IMPACT Silver Corp. (TSX VENTURE:IPT - News) and a portfolio of exploration projects in the Dominican Republic.


    On behalf of the Directors of Energold Drilling Corp.


    Frederick W. Davidson, President, CEO

  • Silber Companies - Liste und Neues

    Sachen gibt's :D


    Zitat aus eimen Quartalsbericht: In early May, the Company halted drilling operations on the San Lucas property when potential costs overruns were identified. Subsequent to the quarter end, upon receipt of more complete drilling and financial reports from Mexico it became evident that the program had gone over budget as a result of excess drilling and substantially over budgeted cost due to both difficult drilling conditions and weaknesses in control over costs and procedures.The Company considers this as a weakness in internal controls ...


    Das stammt von ORM.V. Die sind winzig klein und wissen nicht was im eigenen Haus vor sich geht :D



    Mexico Mike über ECU.TO (aufgelesen in einem US board vom 14. Juni):


    Gentlemen!
    I believe that the results from San Diego indicate that the mineralization they have encountered is related to the same system that formed a number of other large deposits in the region. The topography of the district is rugged, and the limestone host rock of area was intensely altered by a large intrusion. The town of Velardena sits in a valley, alongside of which the main highway through Durango runs. To the north of this valley is the old Santa Maria Mine, a former Grupo Mexico base metals producer. To the east, another series of ridges is host to the ECU mines, and the Reyna Del Cobre Mine owned by Penoles. ECU geologists believe that the mineralization from all of these mines were emplaced due to the same underlying intrusive.


    Lower elevations of these deposits are base metals rich, and that is where the large skarn deposits have been encountered at each of the three mines. Higher up in the system, there are stockwork zones and narrow, high grade epithermal veins that bear greater precious metals content.


    Where it gets interesting is that each of the major mine developments in the area are located at different elevations, so they encounter the same systems a different depths. It appears Santa Maria, located lower down in the valley, was limited to base metals since the upper elevations of the mineralization had been eroded away. The composition of the fluids circulating below when these mines were formed could also have played a role in why Reyna Del Cobre is primarily a copper mine, yet the mines controlled by ECU are richer in gold and silver.


    I am very optimistic that as ECU probes further to depth, they will encounter some of the same higher grade skarn zones that the other large mines outlined from the system, however, if in fact the acidity of the mineralizing fluids were a contributing factor, we may find a greater concentration of gold to depth in the skarn at Velardena.


    Now to put all that into perspective for San Diego, the very high gold grades in the narrow veins have once again been encountered, and again this could be due to greater acidity in the plumbing of the system as the deposit was emplaced. I noted that the gold zone reported this week occurred at a depth of about 500m below surface, which is much deeper than the mines at Velardena. I believe San Diego is located about 20 kms from Velardena, and I do not know the elevation of the property but I would assume that it sits higher above sea level. And therefore even though the latest gold intersection occurred at greater depth, it may be roughly the same elevation of the mineral system as the higher grade gold ECU reported last year from Level 18 of the Santa Jauna Mine.


    If so, then we can look forward to the potential that skarn and stockworks may exist below these high grade veins.


    The bottom line for me is that the entire district is intensely mineralized, and there is ample evidence that very large deposits were formed at all three mines. San Diego could become the next big discovery area, and it bears a close resemblence to the ECU Santa Jauna, Terneras, and San Mateo Mines. I think they are going to find another gold-rich, bulk tonnage deposit as the exploration on the next round tests to deeper levels.
    cheers!
    Mike Kachanovsky


    VG heron

  • Juniors aus Kanada

    AAG.V ist seit zwei Wochen vom Handel ausgesetzt. Es geht wohl um ein paar Kleinigkeiten im 43-101 Report von Oktober 2006


    Aug 03, 2007 12:42 ET


    TSX Venture Exchange: Cease Trade Order, Andean American Mining Corp.
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2007) -


    BULLETIN TYPE: Cease Trade Order
    BULLETIN DATE: August 3, 2007
    TSX Venture Company
    A Cease Trade Order has been issued by the British Columbia Securities Commission on August 2, 2007 against the following company for failing to file the documents indicated within the required time period:


    Symbol Tier Company Failure to File("AAG") 1 Andean American Mining Corp. Technical Reports



    Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.


    TSX-X



    Der Kommentar von AAG:


    Vancouver - The British Columbia Securities Commission (BCSC) has taken issue with certain statements contained in Andean American Mining's (AAG-V, ANMCF-O) technical reporting and has issued the company a cease trade order until it has re-filed a 2006 technical report on its Invicta property located in west-central Peru.


    “We got an email from the BCSC with an order to correct some disclosure…going back to a 43-101 report that was filed in October of 2006 by our qualified person,” stated Andean American chairman and CEO John Huguet. “The report was filed with the exchange, reviewed and accepted for filing so we found it a little strange, although they do raise a couple of issues.”


    “They don’t like the fact that the report contains a historical resource estimate, and that it has higher grades than the report that we put out – well it has higher grades but much, much lower tonnage,” continued Huguet. “They never looked at the coppers, zincs or the leads back in 1988, or even the silvers, they only looked at high grade gold, and we put out a resource estimate that included all metal values and put them out in ranges, from 3 grams cut-off down to 1.5 grams in the measured (resource), down to one gram in indicated and one gram in inferred.”


    In early July, Andean was also prompted to issue a retraction on a news release where it reviewed a series of objectives and production targets, as well as projections of mine life at Invicta. It also gave geological potential tonnage estimates of certain drill targets, all contrary to National Instrument 43-101 guidelines without noting in disclaimers that there is no certainty projections will be achieved, nor any proposed operation will be economically viable.


    “We are in good communication with them (the BCSC) and there is nothing of a scandalous nature,” said Huguet. “They want to see the 43-101 issues addressed by the author of the report. They are interactive with us now, which is a good sign, and have given us options on how to do things. I don’t think it’s an issue that is going to run on for a long time.”


    Andean recently saw its share price rally about 25%, to the 65¢-level, following release of initial results from its latest drill campaign at Invicta returning a 14.25-metre interval of 18.45 grams gold per tonne plus 18.5 metres of 2.87% copper.


    The company has development goal for Invicta looking at building a minimum 7-year mine life, starting with two years of high-grade production. A phased, 3,000-tonne per-day mill complex has been modeled with projections for payback in less than three years; however a feasibility study still needs to be conducted on the project.


    Andean American acquired its option on the advanced, prefeasibility-stage project from a Barrick Gold (ABX-T, ABX-N) subsidiary in late 2005. It can acquire 100% interest for cash and shares totaling US$700,000 paid in the first year, followed by annual advanced royalty payments of US$100,000 to Barrick upon exercising its option plus a lump sum payment of US$800,000 on commencement of production. Barrick retains a 1% NSR, capped at US$1 million, and a back-in right for up to 51% interest should Andean American delineate more than 2 million contained oz. gold in proven and probable reserves.


    The August 3rd trading halt came after Andean had closed at 71¢ per share. The company’s stock has a 52-week trading range of 48.5¢-$1.10.


    VG heron

  • Silber Companies - Liste und Neues

    Tschonko
    Hab mir Anfang der Woche ein paar SNN.TO zugelegt. Aber ich bleibe bei KMN am Ball. Würde mal gerne wissen, was die als nächstes in Mexiko planen :D Unklar ist mir noch warunm die derart gestiegen sind.


    Hab mich heute intensiv mit KBX beschäftigt. Total langweilige Truppe ;( Die sind irgendwie eingeschlafen und kommen nicht richtig vorwärts. Die Machbarkeitsstudie wird immer weiter verzögert, man tritt auf der Stelle. Da fehlt einer, der endlich mal das Ruder in die Hand nimmt und die Produktion ans Laufen bringt! -- Da wird sich sicherlich jetzt was tun. Aber der Ausverkauf wird erst mal weiter gehen, denn wer letztes Jahr gekauft hat ist nun mit 70% im Minus...


    GDX.V ist gestern zum Leben erwacht :D Riesiger Umsatz, 22 Prozent Plus! Vermutlich weil der CEO gegangen ist. - Heute fast kein Umsatz und Abgabe der gestrigen Gewinne...


    Im übrigen interessiert mich wer sich in diesen Tagen am wackersten schlägt. Denn das werden sicherlich die Gewinner von morgen sein :P :P :P


    VG heron

  • Silber Companies - Liste und Neues

    Nun werden einem die Unzen schon bald nachgeworfen :D


    ZB bei ECU. Die verloren zweistellig aufgrund schlechter Zahlen: es wird zur Zeit kaum produziert. IMO ist das egal, die Produktion ist Nebensache, ECU ist jetzt ein echtes Schnäppchen.


    Absturz bei KBX: Am Ende doch nur 25% ...
    Die Story versteh ich nicht ganz. KBX hat doch jede Menge Unzen! Allerdings auch Probleme, zB keinen CEO, wurde vergeblich gesucht. Und nun? Kaufen, halten, verkaufen? Tom Szabo jedenfalls hat heute gekauft.


    VG heron

  • Silber Companies - Liste und Neues

    Tschonko
    Kings Minerals hätten wir vor einem Jahr finden sollen! Traumhafter Kursverlauf :D


    Klar, dass da was dahinter stecken muss! Und wie es der Zufall es so will, heute ein Artikel dazu auf http://www.minesite.com:


    Kings Minerals Is The Latest Sprinter From The Seckold/Leitch Stable


    The best stories do not necessarily start at the beginning, so let’s simply go back to last summer when the ASX listed company, Kings Minerals , announced that it had entered into a joint venture over the Pelican property near Cloncurry in Queensland on what is known as the Mount Isa Outlier. This added to its existing Kalman project to give it a tenement position amounting to 1,474 sq kms which covered around 40 kms of strike length of the highly prospective Pilgrims Fault. Not a lot of attention was paid to this at the time as those in the know were watching Bolnisi Gold and Palmarejo Silver & Gold, two other companies in the Norm Seckold /Dudley Leitch stable, following rumours that they might be takeover targets.


    Bolnisi was Norm’s original baby and it had a hard life in Georgia until one day light dawned and he took it off to Mexico where it acquired the Palmarejo gold-silver project in the Temoris district of Chihuahua, Mexico. By September 2004 he was claiming that the Mexican project was a company maker and it is not hard to see why. An intercept of 15.3 metres had just been announced which graded 19.6 g/t gold and 943 g/t silver. This hole was unable to penetrate the mineralised structure completely due to zero water circulation and broken quartz, but the last half metre of this hole assayed 113 g/t gold and 5,810 g/t silver. Even more significant a 0.75 metre intercept in the bigger sample graded 233 g/t gold and went off the scale of the assay method used at more than 10,000 g/t silver. This hole intercepted the structure 50 metres down dip and 40 metres along strike from a previous hole which returned 27.5 metres at 16.3 g/t gold and 1,247 g/t silver.


    If that project had been in Australia the Bolnisi share price would also have gone off the scale, but it didn’t. In fact it hardly moved at all so the thought germinated in Norm’s mind that it might be wise to spin –off the Mexican interests. No sooner said than done and a reverse was organised into a small Canadian shell. North Americans fell in love with it very quickly as Mexico is on their doorstep and earlier this year the mid-tier producer Coeur d’Alene mines made a successful offer for both Bolnisi and Palmarejo. At the time the Canadian company described Bolnisi’s activities as all being Mexican precious metals operations with an existing portfolio of projects, which include the Palmarejo silver-gold project (including Trogan), Chihuahua; the Yecora gold-silver project, Sonora; and the El Realito gold-silver project, Chihuahua. The Georgian activities had gone, but Norm’s prediction had been proved right as the stake it retained in Palmarejo Silver & Gold Corporation was certainly a company maker.


    Back to last July when Kings Minerals announced that it was proposing a reverse takeover of another Canadian company, Andaurex Industries. The prize was a 51 per cent interest held by Kings Minerals in the San Anton silver project in Guanajuato, Mexico which Dudley Leitch, who had been working in that country since 1992, had acquired a year or two earlier from the well known Canadian gold producer Goldcorp. By this time brighter readers should be shuffling in their seats and muttering “Haven’t we heard this story somewhere before?” Dead right. It looks like a dead ringer for Bolnisi/Palmarejo and if it pans out there must be money to be made.


    Australian investors will still have their eyes on the tenements north of Mary Kathleen, and well they might. The recent drilling results from the Kalman project were very promising with intervals of 329 metres grading 0.23% MoS2 (molybdenite), 0.46% copper, 0.22g/t gold and 0.01% uranium. Another 73 metre interval assayed 0.43% molybdenite, 0.22% copper, 0.13g/t gold and 0.09% uranium . The mineralization is open along strike in both directions and at depth and Kings Minerals has identified many more immediate targets from geological and geophysical surveys. Add to this the fact that rhenium is also on the menu and if it is added to the value of a tonne of rock using average grades for copper and molybdenum it is almost doubled to A$351/tonne.


    This value will be firmed up when more results are announced over the coming weeks which will include re-assaying for rhenium. Meanwhile Kings Minerals has developed a resource of 10.19 million ounces of gold equivalent at San Anton, with some US$15 million being spent on the area to date. Last month results were announced from an additional eight holes drilled at the Empalizada prospect which is 1.8kms west of the Cerro del Gallo gold-silver-copper deposit on the San Anton project. The best intersection was 4.6 metres averaging 428 g/t silver and 3.5 g/t gold and a vein system was confirmed more than 100 metres in width.


    Norm Seckold is starting to make statements such as “we expect to develop a very large mine at San Anton over the coming years” Not a million miles from what he said about Palmarejo nearly three years ago. And it should be no great surprise as the silver-gold grades intersected at Empalizada are typical of the Guanajuato district which has recorded production of 1.1 billion ounces of silver and 6.5 million ounces of gold from epithermal veins. Maybe he is even in line to develop two new mines of Kalman keeps coming.


    Anmerkung: Andaurex Industries heißt nun SNN.TO


    VG heron

  • Silber Companies - Liste und Neues

    Tschonko
    Ich hab die Paramount, ich mag sie und werd sie sicherlich noch was aufstocken


    Nun mal zu SNN.TO. Deren San Anton Projekt kann später möglicherweise 200.000 oz Au-Eq pa produzieren. Und bei dem jetzigen Kurs ist die SNN sicherlich ein Schnäppchen :)


    Oder nicht?
    Wem gehört eigentlich das San Anton Projekt?
    Antwort: San Anton de las Minas
    Wem gehört San Anton de las Minas
    Antwort: Zur einen Hälfte Goldkorp (49%). Zur anderen Hälfte SNN.TO (51%)
    Wem gehört SNN.TO?
    Antwort: Zu drei Vierteln Kings Minerals NL, Australien
    Wer kontrolliert Kings Minerals NL?
    Antwort: Eigentlich Palmarejo (genauer: Leute wie Norm Seckold, Dudley Leitch etc.)


    Ursprünglich besaß Kings Minerals die 51% von San Anton de las Minas. Dann suchte Kings sich eine völlig besdeutungslose kanadische Company, die nun SNN.TO heißt, kauften drei Viertel ihrer Aktien und verkaufte ihr den 51%-Anteil an San Anton de las Minas. Insofern ist SNN sowas wie eine Tochter von Kings. Und das bedeutendste Projekt von Kings ist sicherlich San Anton. Nun stellt sich mir Frage nach dem Verhältnis Kings-SNN und wen von beiden ich denn nun kaufen soll? Kings ist nicht so stark, sitzt aber am längeren Hebel. Und bei SNN sind drei Viertel der Aktien nicht frei handelbar.


    VG heron

  • Silber Companies - Liste und Neues

    Lateegra Gold / LRG.V hab ich mir mal näher angeschaut; Übersicht hier.
    Es gibt ein Projekt im Sierra Madre Gold Belt. Die Resourcenschätzung (über eine halbe Mio Unzen Gold und was Silber) stammt aus einem Artikel von Fundamental Research. Vermutlich gibt es da vieeel mehr zu holen, offizielle Zahlen sind in Vorbereitung. Ausserdem gibt es ein hochgradiges Gold-Projekt in Ecuador, zusammen mit Aurelian. Und das alles bei dem Kurs! Schon verrückt :D


    VG heron