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- Here are our 3q13 results!
- We produced more metal!
- Cash costs are down!
- And we kinda made a profit if you just look at that one thing up there, but...
- ...net loss was $15.5m.
1) He's buying stock again.
2) People are watching.
Mr. Swarthout continues "We are also encouraged by recent conversations with the Peruvian government towards the resolution of issues regarding the Santa Ana silver project, which remains under the conditions of the Supreme Decree issued in June 2011. The successful resolution of these issues and returning Bear Creek's right to operate Santa Ana is critical to the Company's ability to raise financing for the construction of Corani. Based upon the successful acquisition of the social license through long-term community investment agreements at Corani, we strongly believe that the model has been demonstrated that will establish social license at Santa Ana. We look forward to working with the government and local communities in reaching a resolution thereby avoiding ongoing and future litigation while providing the opportunity for advancing Santa Ana and providing much needed employment, investment, and revenues in those local communities."
"Canada is considering taking the case of Bear Creek Mining to the ICSID World Bank tribunal court, after learning that on November 1st the country gave the backing to the use of international arbitrage, the Expreso has learned from sources close to the bilateral negotiation.This first ever case involving Canada in ICSID, and probably the most important one to involve Peru, concerns to the legal action that exists between the Canadian company Bear Creek Mining and the State of Peru, over the Santa Ana project in the South of Peru."
On the one hand, you could find a hundred other, less shifty junior miners with charts just like that.
On the other hand, the OSC and TMX Group haven't done anything about those other hundred companies' lies, deceit, misrepresentation, back-room deals, front-running, insider dealing or embezzlement either - that is, beyond the customary slap on the wrist and "could you perhaps issue a clarification press release?" Continues here
True, true, true. Seriously, who did Bobby G bung in order to get a straight Dot-Tee-Oh listing for his scam?
Moral: Want to stop the corruption? Jail the rich and corrupt motherfuckers who run the shops.
UPDATE: VancVenture adds a worthy dos centavitos on the subject, right here.
That purchase has doubled SAS.to independent Chairman Farquharson's position in the company to 200k.
Colombia Reports has the story, here's how it starts:
Colombia’s oil reserves will be exhausted in seven years at the current rate of extraction said Energy Minister on Tuesday. This is particularly alarming because according to government figures, about half of Colombia’s export dollars come from oil. Minister Amylkar Acosta told El Espectador newspaper that no new major discoveries of oil had been made recently and that Colombia’s reserves were “extremely precarious.”
In Northern Miner, right here. Here's an extract to get you in the mood:
We’re not saying there's no gold there – this is not Bre-X or anything like that. There is gold there but the project needs a much different geological model now, based on the work that's been done and the bulk sample program being different than what they anticipated before they went underground.And they've been very slow to accept that, because it does make a big change from what they've been telling the markets. But we're absolutely convinced that if this is what the results indicate, then you should tell the world.
Hit play and go about your working day with this on in the background.
IKN guarantees that if you decide to do so, it will be a decision that brings no regrets.
Unfairly picking on IMPACT Silver (IPT.v) in order to make the point about the problem in the small silver producer space
*IPT indicated they'd do this in the MD&A yesterday. We'll see.
Here are the latest shocking and sweeping moves in silver:
Here's what the wider market thinks of silver:
IKN understands that it might come as a shock to silverbugs to realize that the object of their
- Cash held is $20m. Working capital almost exactly the same, due to lack of liabilities.
- RYG was set up to explore the Yukon (all that Ryan fame thingy, remember?).
- It's worked out that the Yukon is a bust and it's done so before going through all its cash. That takes a bit of pride-swallowing by a company (and it helps that the original team are long gone) but all the same, it should be applauded as the smart move
- Therefore we can expect it to sip at its cash pile until an opportunity comes along.
- RYG.v currently has 117.14m shares out. All options and warrants are miles out the money, so they don't count.
- At its close tonight of 11c, that gives RYG.v a market cap of $12.54m
Disclosure: No position in RYG. Yet.
Pershimco Ranks 30th Among PwC's 2013 Top 100 Junior Mining Companies on TSX-V ROUYN-NORANDA, QUEBEC--(Marketwired - Nov. 25, 2013) - Pershimco Resources Inc. (the "Company" or "Pershimco") (TSX VENTURE:PRO)(FRANKFURT:BIZ) is proud to announce that the internationally recognized auditing, assurance, tax, consulting and deals services firm, PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. ("PwC"), has ranked the Company 30th amongst over 1,290 listed junior resource companies on the TSX Venture Exchange ("TSX-V"), placing Pershimco in the top three percent of the junior mining exploration companies listed on the exchange. As part of the annual Junior Mining Review by PwC, Pershimco was named one of the Top 100 Junior Mining Companies on TSX-V by market capitalization (as at June 30, 2013), qualifying the Company for the honor of bearing the 2013 PwC logo. The PwC report can be found on the Company's website at www.pershimco.ca.
"This ranking can only be achieved through hard work, discipline and most importantly, support from our Shareholders " commented Alain Bureau, Pershimco President and CEO.
Expedition Mining Announces Drill Program Planned for Long Canyon Gold ProjectVANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2013) - Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") is pleased to provide this update on the 2013 exploration programs within the Walker Lane Mineral Belt.2013 TRENCHING PROGRAM COMPLETEDThe trenching program utilized a rubber tired backhoe to clear the surface float and excavate into the bedrock. Generally the undisturbed bedrock is less than 1 m below surface. Trenches were excavated in areas of visible alteration and veining along with zones associated with regional structures. The best results were derived from trenches 2, 2A, 7 and 8, located in the vicinity of IP target #2. Gold values were similar to previous sample results with the highest value being 1.27 g/t over 3 m in trench 2. This sample was part of a wider zone of 6.5 m grading 0.93 g/t gold. A sample of vein material from trench 2A contained 61.9 g/t silver along with 0.3 g/t gold. This work confirmed that the anomalous values are predominantly associated with the northeasterly trending structural zones, the intersections of which are co-incident with an IP target generated by the historical survey. Overall the company is very pleased with the results from the trenching program, and is evaluating the results to plan the 2014 exploration program.2014 DRILL PROGRAMPermitting for a drill program to test these surface anomalies is underway and bids are being solicited for this work. Reverse circulation and core drilling are being considered for this program which will consist of 10 to 15 holes.To view the South Claim Compilation maps and IP #2 Target on our website, please click here.LONG CANYON PROPERTYThis property consists of 37 unpatented lode claims located 200 kms southeast of Reno and 16 kms southeast of the community of Mina, Nevada. Previous exploration programs have identified an extensive geochemically anomalous area associated with the intersection of several structural trends. These multi-element soil and rock anomalies are also co-incident with chargeability and resistivity IP anomalies. The central portion of the property exposes a silicified zone consisting of widespread chalcedony and intensely silicified country rocks.Structurally the Long Canyon project area is dominated by strands of the northwest trending Walker Lane Fault Zone. Arcuate splays from the main faults trend east-west across the property and are exposed in many of the drainages. Regional scale northerly trending structures are also present which extend through the Pilot Mountains to the north, and are covered by pediment fans to the south. The intersections of these two structural zones are believed to be important localizing features for the mineralization encountered at the Bellville Mine and the deposits in the Douglas Camp to the west.The majority of the Long Canyon property is underlain by rocks of the Permian Mina Formation. These consist of quartz rich sediments including sandstones and mudstones along with tuffaceous units derived from volcanic sequences. The northern portion of the property has been intruded by an unnamed coarse grained gabbroic unit that forms a distinct magnetic high on the property magnetic survey. Tertiary volcanic rocks are widespread to the north of the property.The structural zones trend dominantly north-northeast and northwest, and intersect beneath the extensive siliceous zone which occupies the central portion of the property. The north-northeast trend is characterized by swarms of narrow quartz veins with a general northerly orientation and subvertical dip. These veins range from <1 -45="" 1="" a="" and="" are="" attitude="" belt.="" cm="" dip="" eins="" font="" from="" generally="" greater="" in="" lane="" m="" nbsp="" northwest="" nw="" oriented="" show="" sub-parallel="" than="" the="" thickness.="" to="" trending="" variation="" vertical="" walker="" within="" zone="">1>The Long Canyon project is situated in southeastern Mineral County and is flanked by several well known historical mining districts. The Pilot Mountains to the north have a long history of mercury production, followed by tungsten mining along the eastern edge of the range. The former producing Belleville Mine 8 kms north of Long Canyon reportedly produced around 100,000 ozs to 1939 from two quartz veins.To the west the Douglas Camp area was dominantly a gold and silver camp which also contained abundant scheelite and produced over $1,000,000 of tungsten during and after WW1.To the southwest the Candelaria District was known for high grade silver deposits which averaged 60 oz/ton in the early days of mining. By 1999 over 68 million ounces of silver had been extracted from the mines in this district.Expedition's disclosure of a technical or scientific nature in this press release has been reviewed and approved by James Chapman, P.Geo, who serves as a qualified person under the definition of National Instrument 43-101.Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration company focused on acquiring, exploring and developing gold properties located in favourable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies. For additional information concerning Expedition Mining Inc. or its various exploration projects please visit Expedition's website at www.expeditionmining.com.
And this is what it means
...in the post "PRD Energy (PRD.v): A friendly warning", your humble scribe wrote:
For those of you who bought into this Katusa/Maudlin pump job, you're advised to make like a shepherd and get the flock outta there now, rather than wait for the results of the drilling. That's what's called fair warning.
...Detour Gold (DGC.to), 12 months:
The company President and CEO, Gerald Panneton, resigned today. I can guess why.
I now plan to kick back and read Gary Tanashian's NFTRH266, which has been patiently waiting in my inbox all day. But before going, while looking for a nice graphic of uranium 238 I came across this, which is a must-share (big and detailed photo of same here, wonderful stuff):
PS: World Complex did some really interesting math on this subject earlier this year and, as a result, says that somewhere out there in the yonder there should be around 500 more 1m+ oz Au deposits left to discover. Read about that here.