MAY 27
1st Hour with Jim & Gang
Frank Barbera Market Technician
Beiträge von GSP-Komet
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Acero-Martin Exploration Inc. is a Canadian-based, international precious metal exploration and development company with projects in North and South America. The company is currently developing two highly prospective properties: the Pinaya Gold Project in southern Peru and the Red Mountain Project within Yukon.
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May 19, 2006
Mining in Peru and my Visit to the Country
by John LeeMany precious metals equity investors have exposure to Peru through companies like Newmont, Pan American Silver, and Southwestern Resources, yet most don't know much about Peru. In this report, we share our findings on Peru, as well as our first hand experience from a recent visit to a property in the country.
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Many of the world's largest mining companies have major stakes in Peru including: BHP-Billiton, Newmont, Phelps Dodge, Teck-Cominco, and Barrick. These companies are not primarily attracted to Peru in the hopes of discovering and developing high-grade deposits. Rather, the main asset that Peru has for mining companies is its wealth of large, low-grade deposits; many of which have yet to be discovered or exploited. These deposits can be mined at a discount to other regions. For example, at Newmont's Yanacocha (Cia de Minas Buenaventura) gold project in Northern Peru production costs are believed to be as low as US$100 per ounce. This is significantly less than the production costs at Newmont's other operations in the United States (US$225/oz), Eastern Europe (US$225/oz ounce) and Indonesia (US$224/oz).
Opportunities for Investment in Peru:
Currently the stocks of mining companies that operate in Peru are trading at a discount to those of other regions. (siehe die Aktie von Cia de Minas Buenaventura) Much of this discount can be explained by investor uncertainty about the country's political climate. We believe that after the June election, much of the uncertainty will be removed and alongside buoyant metal prices companies operating in Peru should reward their investors through share price appreciation.
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MAY 20
1st Hour with Jim & GangFrank Barbera Market Technician
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...the Bolivian Minister of Mines and Metallurgy, Mr. Walter Villarroel Morochi, yesterday, issued a letter to Eaglecrest confirming that there is no plan to nationalize the mining industry in Bolivia.
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The Minister's letter states that there is no consideration in that Plan for any nationalization, expropriation or conversion of the Bolivian mining industry into a state run industry. On the contrary, the Minister's letter stresses that the state owned agency COMIBOL, which is the holder of a large percentage of all mining concessions in Bolivia, will require the infusion of foreign capital to develop the state owned mineral resources.
The Minister concluded his letter by stating that the new policies will be finalized to guarantee normal functioning of mining operations.
aus: Eaglecrest Explorations Ltd.: Bolivian Minister of Mines and Metallurgy Provides Assurances
By: Marketwire
May. 11, 2006 01:48 PM -
SIl befindet sich unter den Top 10 Positionen in dem Tocqueville Gold (TGLDX ) Fond von John Hathaway!
APEX SILVER MINES (SIL) hat in diesem Fond von John Hathaway gemanagten Fond einen Anteil von 2,79%. Sil bringt diesem Fond bisher einen einen YTD Return 33,96%.
Dabei befindet sich SIL in guter Gesellschaft mit u.a. Goldcorp, Gold Fields, Newmont, Harmony Gold und IAMgold!
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"With silver and zinc treated as co-products for purposes of operating cost accounting, life-of-mine cash operating costs are forecast to average approximately $1.43 per ounce of payable silver and $0.41 per pound of payable zinc"
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VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 11, 2006 --
Eaglecrest Explorations Ltd. (TSX VENTURE:EEL.V) (FWB:EAT) is
pleased to report that the Bolivian Minister of Mines and
Metallurgy, Mr. Walter Villarroel Morochi, yesterday, issued a
letter to Eaglecrest confirming that there is no plan to nationalize
the mining industry in Bolivia. -
"The financing-related hedge positions leave unhedged approximately 96.5%, 87.4% and 85.3% of planned life-of-mine payable production of silver, zinc and lead, respectively."
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During the first 2006 quarter, Apex Silver continued advancing the development of San Cristobal which at March 31 was approximately 54% complete. The Semi-Autogenous Grinding (SAG) mill and both ball mills have been placed on pedestals and associated component assembly is underway. About 70% of flotation cells have also been set in place. Tangible progress is being made on construction of the primary crusher and the associated conveyor system. Thickener foundation earthwork is now in progress. By March 31, 2006, approximately 75% of concrete had been poured. Field-fabricated tanks are being erected.
Mining is re-gaining momentum after unusually heavy rains in the first quarter of 2006. By March 31, 2006, approximately 6.5 million tonnes of material had been moved. To facilitate mining activities, two new 200-tonne trucks are scheduled for delivery in the third quarter 2006. The project remains on schedule to commence operations in the third quarter 2007.
The infrastructure development is advancing as well. Power line development is advancing as planned. Tower foundations are nearly fully completed, tower steel erections are about 72% completed and cable stringing is approximately 30% completed. Container testing was successfully completed in January. -
Gold markets eye Latin American moves
Nationalizing natural resources may add fuel to gold's rally, but sink sharesSAN FRANCISCO (MarketWatch) -- Moves by Venezuela and Bolivia to nationalize their countries' natural resources could soon spill into the mining sector, likely boosting prices for metals that are already at multi-year or record highs, while pressuring shares of companies with interests in Latin America.
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In Bolivia, the biggest concerns are for silver, tin and zinc production; in Peru -- it's copper and gold; and in Venezuela it's gold, aluminum, copper, nickel and zinc.
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Bolivia, on the other hand, is actually not a major mining country, "accounting for only 7.1 metric tons of gold in 2005 and negligible copper," John Hill, an analyst at Citigroup, said in a recent note to clients.
Still, Apex Silver Mines (SIL ) is developing its San Cristobal silver, zinc and lead project in southwestern Bolivia with production expected to start in the third quarter of 2007.
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aktuelle Präsentation vom April 2006:
APEX SILVER MINES LIMITED
An Emerging Major
Silver-Zinc-Lead128k connections or slower
http://www.apexsilver.com/pdf/pres/Part_1.pdfSan Cristobal
Infrastructure Development is in Gear128k connections or slower
http://www.apexsilver.com/pdf/pres/Part_2.pdfoder die ganze Präsentation mit Breitband oder schneller:
http://www.apexsilver.com/pdf/pres/Entire_Presentation.pdf -
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Apex Silver was particularly encouraged by recent statements made by the Bolivian Minister of Mines and Metallurgy in which he emphasized that "the mining policy does not contemplate nationalization and even less incorporation of private companies such as San Cristobal."
Apex Silver is developing its 100%-owned San Cristobal silver-zinc-lead project in southwestern Bolivia. The project is expected to commence production in the third quarter 2007.
The common shares of Apex Silver trade on the American Stock Exchange under the symbol "SIL". -
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"Cramer said concerns that mines owned by Crystallex (KRY:Amex ) and Apex Silver Mines (SIL:Amex) will be nationalized in Bolivia seem overblown. Regarding South American governments, Cramer said: "These guys need the investment of capitalists. They are what I call faux-Communists."
Cramer mentioned Coeur d'Alene Mines (CDE:NYSE) as another solid name in the space.
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"Meanwhile, some mining stocks, such as Idaho-based miner Coeur D'Alene (CDE:NYSE), down 1.7%, and Denver-based Apex Silver Mines (SIL:AMEX) -- which lost another 2.4% after a 17% plunge Tuesday -- have also been hit by concerns over the potential nationalization of their assets in Bolivia.
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SAN FRANCISCO (MarketWatch) -- Shares of Apex Silver Mines (SIL) dropped to a low of $13.50 Tuesday and was last down 17.1% at $17.40. The company said it believes the unusual trading activity in its shares Tuesday is related to recent events in Bolivia, concerning the country's planned nationalization of its hydrocarbon industry. Apex Silver Mines, however, noted that it is not aware of any plan by Bolivia to follow a similar policy in mining. The company said it's developing its San Cristobal silver-zinc-lead project in southwestern Bolivia, and production is expected to start in the third quarter of 2007.
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"But what about gold and silver in this context? I pulled up a list of gold and silver mining companies who have projects ongoing in Bolivia. As a sample I picked Apex Silver, General Minerals Corporation, Golden Eagle Corporation, Coeur D'Alene and Vista Gold. At the time of writing they were respectively -8.2%, 0.0%, -12.0%, -0.58% and +1.46% against an HUI uptick of +1.24%.
Of course, general market conditions have to be taken into account as well as how much of the company's overall reserves are tied up in one country. But evidently the news of this resource grab in Bolivia has unnerved precious metals stock investors. The worst performer (MYNG.OB) not surprisingly has the most leverage to Bolivian metal resources. Apex Silver also has its flagship San Cristobal project in southwest Bolivia.
Is this just a passing blip offering a buying opportunity to precious metal investors or do they have to tread more carefully in future? What will governments do when they see gold go to $2000 or silver to $50? Does Peak Oil especially fuel resource nationalisation as the trend of the future or do we just simply avoid South American producers?
As it happens, Bolivia does not produce much in the way of gold and silver, in fact their gold production is in decline. Zinc is their main product but the warning signs are there and at least demand a renewed appraisal of the balance between bullion and stocks in an increasingly uncertain world."
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La Paz..– Bolivia's socialist government said Thursday that it has no plans to nationalize U.S.-operated silver mines in the Andean province of Potosi.
Development Planning Minister Carlos Villegas said Thursday at a press conference that "at no time did the government say that it would enter into a process of nationalization" of the operations of Apex Silver Mines Ltd. and Coeur d'Alene Mines Corp.
"Therefore, there is full certainty and legal security," he added.
Shares of both companies fell Monday on U.S. stock exchanges on fears that the firms' operations would be nationalized by La Paz.
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Apex Silver has been preparing to start operations next year to exploit the San Cristobal mine, the country's largest silver deposit in which the firm intends to invest up to $800 million.
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Moin Edel Man,
Dieser Satz gefällt mir am besten!
Our view is that the gold/oil ratio made a major bottom last year and will, as a minimum, move up to 15-20 within the next two years.
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ZitatAlles anzeigen
Original von Edel Man
Moin Edel Man ,
dieser Abschnitt gefällt mir am besten!
"Gold is also very cheap in terms of oil. It takes less than 9 barrels of oil today to buy one ounce of gold, not an average of 17.5 barrels. If gold was priced at its average oil price, the gold price would be above $1,000/oz."