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Silvermex Resources (SMR) RSS Feed

Followers
8
Posters
8
Posts (Today)
0
Posts (Total)
23
Created
11/22/09
Type
Free
Moderators

Silvermex Resources Ltd.

"Silvermex Resources is a silver exploration and development company focused strictly in the foremost mining regions of Mexico. Silvermex is developing silver resources at multiple projects. Silvermex has global silver resources totalling 42.7 million ounces.

Silvermex is continuing to build value for shareholders. In 2009, Silvermex has concentrated on advancing its flagship focus project, San Marcial. In Quarter two 2009, the Company completed an in house preliminary economic study which supports the plan to advance San Marcial to production. The Company is confident that San Marcial can achieve commercial production in a 24 month time horizon with an annual production rate of 2.3 million ounces silver. The recently announce option to acquire 100% of the Rosario silver mine provides the necessary infrastructure to accelerate the advancement to production at San Marcial.

Our mandate is to build economic resources on bulk mineable deposits and drive toward production at a rapid pace."

Highlights

Emerging low cost silver production
Infrastructure in place
Strong resource growth profile
.8 ounces silver per share
Resources situated in near-surface, bulk mineable deposits
443% resource growth in last 24 months
Low cost resource development
High resource return on capital
Exploration upside on existing deposits
Trading at low per ounce valuation

http://www.silvermexresources.com/s/Home.asp

http://www.silvermexresources.com/i/pdf/2009-06_SMR_Factsheet.pdf

http://www.silvermexresources.com/i/pdf/2010-01-18_SMRP.pdf

Share Structure - August 15, 2009
Fully Diluted  61,099,251

 
Arthur Brown    Position: Director, CHAIRMAN

Arthur Brown, retired in 2006 as Chairman of Hecla Mining Company (NYSE: HL). During Mr. Browns 39 year tenure at Hecla, he held several senior operating positions becoming President of Hecla Mining Company in 1986 and was named Chairman and Chief Executive Officer in 1987.

Mr. Brown graduated from Witwatersrand Technical College, South Africa, as a mining engineer in 1961. Following his graduation, he worked at Cementation Co. in Canada until 1967, when he began his career with Hecla Mining Company as an industrial engineer.

Mr. Brown serves as a director on the boards of AMCOL International Corporation (NYSE: ACO) where he also serves as a member of the audit and compensation committees. Mr. Brown is also a director of the Idaho Independent Bank. He is a former Director of the National Mining Association and served as a Director of The Gold Institute and The Silver Institute (Past President). He is past president of the Idaho Mining Association and a Trustee for the University of Montana Foundation (Past Chairman).
 
Michael H. Callahan    Position: Director, PRESIDENT
Mr. Callahan serves as President of Silvermex Resouces. Before joining Silvermex Mr. Callahan served as Vice President of Hecla Mining Co. (NYSE: HL) and President of Hecla's Venezuelan Operations. Mr. Callahan joined Hecla Mining Co. in 1989 and held a variety of positions including Director, Accounting & Information Services and Senior Financial Analyst before being named Vice President. He has also seved as Vice President Corporate Development from 2002 to 2006 and President of Minera Hecla Venezolana, a subsidiary of Hecla Mining Co., from 2000 to 2003.

Bruce Bragagnolo, L.L.B.    Position: Director,

Mr. Bragagnolo has been employed by the Company since 2005. He is one of the founders and the Chief Executive Officer of Timmins Gold Corp, a near-term gold producer in Sonora Mexico.

 

Joseph J. Ovsenek, P.Eng.,L.L.B    Position: Director
Mr. Ovsenek is the Senior Vice President of Silver Standard Resources Inc. Mr. Ovsenek holds a Bachelor of Law degree from the University of Toronto. He is a registered professional engineer, and holds a Bachelor of Applied Science degree from the University of British Columbia.

 

 

Kenneth C. McNaughton, M.A.Sc.,P.Eng    Position: Director
Mr. McNaughton is the Vice President, Exploration for Silver Standard Resources Inc since 1991.  Mr. McNaughton holds a Bachelor of Applied Science degree and a Master of Applied Science degree in geological engineering from the University of Windsor

 

 

Arturo Bonillas, B. Sc., (Eng).    Position: Director
Arturo Bonillas has been employed by the Company since April, 2005. He is one of the founders and the President of Timmins Gold Corp. He has more than 23 years of experience in the mining and exploration industry in Mexico.
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