Live, 1997, Zappa's on top form and shreds one in this.
For those days when you crave a quality extended guitar solo.
The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
Live, 1997, Zappa's on top form and shreds one in this.
Rio Alto Mining $RIOM (RIO.to) produced 17,199 ounces of gold in August 2014
Add that to the 19,435oz of July and you're 2/3rds of the way there to the 3q14 quarterly total, just this month of September missing. The data comes from the official filings RIO.to makes to the Peruvian Ministry of Energy and Mining, here*.And it continues, with chart and blabber.
Today from Scotia's "Daily Mining Scoop", its morning mailer to Scotia clients:
Her Name is RIO and She Dances On The Sand! Q3 Production Estimates from Rio Alto’s La Arena Meet Our Expectations; Potential Buying Opportunity on Index-Related Share Pull-Back:Rio Alto (RIO-CN/PE, SO, C$3.25, Ovais Habib) produced 17,199 oz Au in August according to the Peruvian Ministry of Energy and Mines which combined with July production of 19,435 oz, represents 68% of Ovais’ Q3/14 estimate of 53,639 oz. At this run rate, the company remains on track to meet the upper end of its 2014 guidance range of 200-220 koz (Ovais models 215 koz for the year using conservative 2H/14 gold grade assumptions). The chart below highlights RIO’s La Arena operating history.....(continues)
And continue it does, with nary a hat tip or mention of IKN of course because blogs are good enough to read and good enough to rip-off but you can't dare mention them as source material, right Ovais? Because that's what assholes do, Ovais. All you need to do is make a simple acknowledgement, it's not difficult you know. Cowardly piece of shit, Ovais.
PS: The funny thing is, the Peru ministry info was on its site a full 24 hours before I wrote my post so if cowardly shit Ovais had really been paying attention the way he pretends, he would have known and had been able to inform his clients before this humble corner of cyberspace had done its bit.
This amazing, stunning, Pulitzer-level achievement is all thanks to the NR entitled "SilverCrest Updates Santa Elena Mine Transition", with phun'n'phrolics provided by Silvercrest Mines Inc (SVL.to) (SVLC):
This is what they wrote (and we'll do the print small today to fit it in easily):
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 26, 2014) - SilverCrest Mines Inc. (the "Company")(SVL.TO)(NYSE MKT:SVLC) is pleased to provide an update for the transition of the Santa Elena Mine in Sonora, Mexico from open pit heap leach to underground mining and milling operations. Activities at the mine are now moving from capital intensive expenditures for the overall Expansion Plan to operating costs and sustaining capital expenditures for underground development with emphasis on generating free cash flow through continued strict cost controls. The most significant transition activities are outlined below. For additional information and to view photos and videos, please visit the Company's website at www.silvercrestmines.com.
N. Eric Fier, President and COO stated; "We are pleased with our transition to a conventional milling operation at the Santa Elena Mine. The commissioning of the mill was completed on budget as of August 1, 2014. The ramp up of underground stope production to 1,500 tonnes per day has encountered short-term delays. These delays are primarily due to finalizing detailed stope designs based on recent in-fill drilling with associated geotechnical constraints. Also, delays in long-hole drilling start-up for stope development are attributed to personnel training in drilling procedures while testing stope ground support. These short-term delays are manageable but will impact previously announced 2014 metal production guidance of approximately 3.3 million AgEq ounces at a ratio of 60:1. Guidance for 2014 is now projected to range from 3.0 to 3.3 million AgEq ounces. Estimated operating cash costs for 2014 of $8.50 to $9.50 per AgEq ounce and all-in sustaining cash costs of $11 to $12 per AgEq ounce, remain unchanged. These costs continue to make SilverCrest one of the lowest cost producers in the sector with anticipated free cash flow for Q4 2014".
Santa Elena Transition
The new mill and CCD/Merrill Crowe processing plant is currently running at an average throughput of 2,500 tonnes per day. Grind size testing for optimization is ongoing which impacts throughput, recoveries and efficient operation of the dry tailings belt filters. Optimized milling rate of 3,000 tonnes per day is targeted for Q4 2014.
Current underground ore development grades are averaging 1.72 gpt Au and 115.4 gpt Ag which is consistent with reserve estimates. Average pad ore grades in September 2014 are 0.68 gpt Au and 50.0 gpt Ag or 8% and 38% higher, respectively than budget.
The plant is currently processing a blended mix of 30% underground development ore and 70% pad ore with an average blended grade of 1.0 gpt Au and 71.2 gpt Ag.
Approximate mill recovery rates of 90% for gold and 68% for silver are consistent with budget target rates. It is anticipated that recoveries will increase as the mill grind size is optimized.
For Q4 2014, monthly metal production is projected to range from 3,000 to 3,750 ounces of gold and 140,000 to 180,000 ounces of silver to achieve guidance of 3.0 to 3.3 million.
Although behind schedule, mining the first production stope has commenced which is being developed between the 600m and 575m levels. Underground ramp access continues to be driven ahead of mine development with the bottom of the ramp currently at the 564m elevation. Completion of a ventilation raise in Q4 2014 is expected to increase operating efficiencies and improve advancement rates for both underground development and mine production.
Total underground development to date, including ramping, lateral ore and waste development, and raise development, is approximately 6,000 metres. Six levels currently have ore and partial waste development completed in anticipation of stope production.
With major capital expenditures completed for the 3 year long Expansion Plan, the Company anticipates generating free cash flow in Q4 2014 at current precious metal prices.
The Company is assessing the possibility of re-opening the Santa Elena open pit over the next 2 months which would increase projected metal production for Q4 2014 and H1 2015, providing safety and permitting requirements are met. Approximately 100,000 tonnes grading 1.4 gpt Au and 88.0 gpt Ag remain in the pit for possible low cost excavation and mill processing.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%‐owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high‐grade, epithermal silver and gold producer, with an estimated life of mine of 8 years at an average operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.5 million ounces of silver and 32,800 ounces of gold per annum over the current reserve life. Major expansion and commissioning of the 3,000 tonnes per day conventional mill facility is complete and is expected to increase metals production at the Santa Elena Mine in the second half of 2014 and beyond. Exploration programs continue to result in new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future and include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company's operations and properties; the amount of mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of metals and minerals; expected processing recoveries; cash operating costs and outflows; life of mine; average mine recovery rates; anticipated free cash flow generation and prices of metals and minerals.
These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: the presence of and continuity of metals at the Company's projects; cost of production and productivity levels; plant and equipment function as anticipated; the availability of skilled labour; contracted parties provide goods and services on agreed time frame; ability to develop and finance projects; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; and operations not being disrupted or delayed by unusual geological or technical problems.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to environmental laws; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies, which may give rise to conflicts of interests.
Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
CAUTIONARY NOTE REGARDING NON-IFRS PERFORMANCE MEASURES
This news release includes the term "Free cash flow". This term is commonly used in the mining industry but is not defined under International Financial Reporting Standards ("IFRS"). The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate SilverCrest's performance and its ability to generate cash flow. It is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Free cash flow is calculated from net cash provided by operating activities less SilverCrest's capital expenditures on its mining interests.Contact:SilverCrest Mines Inc.Fred Cooper(604) 694-1730 ext. 108Toll Free: 1-866-691-173(604) email@example.com
And this is what it means:
Dear technical analyst currently writing your "bullish formation on gold" article,
Please inform us in same piece all other times and dates you made a bullish call on gold in 2014.
*Which does happen. Of the dozens of TA merchants that have crossed my path, two have shown themselves to be smart and trustworthy. Just goes to show that my presumption can be fucktardery too. Which is how it should be.
Disclosure: No position in PRG.v. Never had one, either. That may change.
- A business in Mexico, Brazil or Chile. Then Colombia.
- A beer or a bank, or if in Chile a retail chain
- Then maybe a phone or an oil & gas company.
- He of selling bigtime iron ore deposits to Anglo.
- He of the oil and gas company OGX with the 100% hit rate on drilling its prospects
- He who bought Ventana Gold in Colombia
- He who was once in the world's top 10 of rich people and with the stated ambition to be number one.
- And he who is now bankrupt, of course.
"Businessman Eike Batista and seven other executives of OGX were today charged by the Sao Paulo Federal Court, accused of the crimes of fraud, conspiracy and deliberate misleading of investors with false information related to the dissemination of information considered highly optimistic regarding potential oil reserves of the company that were later revealed to be unfounded."
Seriously Reuters, WTF is that?
*AP will argue that: After today, they have another stone to throw.
"...from 2001, real salaries increased by 1,205%, while inflation increased by 920%. In other words, if somebody earned ArgP$1,000 they now earn ArgP$13,050, while goods that cost ArgP$100 now cost ArgP$1,020."
Statement 3 is correct because this generation can't decide whether it will be alive or dead before climate change fucks up their lives.
PS: Did I mention the bit about selfish fucks?
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 22, 2014) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") (TSX VENTURE:RKR)(RKR.V) announces that as a result of the continued presence of illegal miners on the Pinaya Gold-Copper Project (the "Pinaya Project"), in which the Company has an option to earn up to a 75% interest, and Rokmaster's continuing inability to obtain unrestricted access to the portions of the Pinaya Project controlled and occupied by illegal miners, Rokmaster has declared force majeure in accordance with the Option and Joint Venture Agreement dated July 16, 2012, as amended (the "Agreement"), with AM Gold Inc. ("AM Gold") and AM Gold's Peruvian subsidiary, Canper Exploraciones S.A.C. Rokmaster has also learned that the illegal miners have produced toxic substances on the project area as a result of their illegal activities. As a result of the declaration of force majeure, all time limits imposed by the Agreement are extended until the illegal miners and the toxic substances which they have created are removed from the Pinaya Project area rendering such areas accessible and safe.
But only one of the reasons. Link to NR here
"The person who has the most money gets access to be a candidate (for election).... Simply put, politicians are those who have the most money. Businesspeople are welcome and if they're associated with narcotrafficking it's even better, because they handle even more money and one of the ways to legalize it is to go into politics in order to get protection."
Argentina has 10.8% in the poor bracket, then 31.4% in the vulnerable column and that's how Bloomberg gets the "quadrupling" word into its headline. But what they don't tell you is...
- Argentina has the second lowest level of vulnerable in Latin America
- Argentina has the third lowest level of poor in Latin America
- Argentina has the second highest level of established middle class in Latin America
1) English speaking media channel publishes bullshit
2) Country media channel picks up on the bullshit
3) Lies repeated in true strategic Goebbels propaganda style until they're accepted as fact.
A cute little roundabout.
From one of her official campaign houses, Muda Mais:
1) Score goal
2) Run across pitch
3) Climb into stands
4) Find grandmother
5) Become IKN's hero of the weekend
The second for Roma in their 2-0 win. Alessandro Florenzi, you win.
Full report here"Thousands of recordings made during a DEA bugging program reveal that at least 23 police officers from the National Anti-Drug Directive (Dirandro) have for years been hiding cargos of drugs and stealing drugs of mafia groups in order to re-sell it. Despite the evidence, the national internal investigation by police has moved very slowly and the accused are still working in the units that are supposed to combat narcotrafficking."