Weird how that morning dip is being bought. Gotta take out dat fiddy!
SilverCrest Files La Joya Preliminary Economic Assessment Report
VANCOUVER, BC – December 23, 2013 – SilverCrest Mines Inc. (the “Company”) is pleased to announce that the Preliminary Economic Assessment Report (PEA) for the Company’s La Joya Silver Copper Gold Project has been filed with the Canadian securities regulators and is available under the Company's profile on SEDAR at www.sedar.com. The results of the PEA were previously announced in the Company’s news release dated October 21, 2013.
SilverCrest Mines Inc. (TSX-V: SVL; 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 cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach. SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 725,000 ounces of silver and 30,000 ounces of gold in 2013. Major expansion and construction of a 3,000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make 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 with stated resources nearing 200 million ounces of Ag equivalent.
“N. Eric Fier” Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
N. Eric Fier, President and COO
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Print that $2.02 please. Earnings not that far off!
Thanks, little miners are out of favor for now so I have not paid a ton of attention to them of late, now is the time to be loading up I'm sure!
Seems like a good place to discuss a position in Silvercrest Mines. All the other boards on this website don't appreciate that I post this company as a buy recommendation, they simply remove my postings as off topic, but they insist on shaggin their pom pom's. They're all boy cheerleaders.
Chinese housewives buy 300 tons of gold
May 2, 2013, 10:45 AM
They are numerous and thumbing their noses at Wall Street, evidently. And perhaps they offer some explanation for the turnaround in gold lately.
On Thursday, the Shanghai Daily reported on a “Voice of China” radio program that claimed Chinese housewives are propping up gold prices. The program said those women reportedly spent 100 billion yuan ($16 billion) over the past two weeks, buying up 300 tons of gold and helping keep prices steady at around $1,468 an ounce.
Putting it all in perspective nicely, blogger Max Keiser notes that while Chinese housewives were out scooping up gold, Americans sold $16.6 billion worth in the first four months of the year. (Read: Gold ETF loses No. 2 spot to emerging markets)
It’s not just housewives in China. The China Daily also reported Thursday that Hong Kong retailers were overwhelmed by all sorts of shoppers from the mainland seeking cheap gold over the three-day May Day holiday, with long lines outside gold shops, blocking streets and sidewalks. That echoes what happened in the wake of that historic gold drop on April 15, with shoppers reportedly swamping jewelry stores across Asia. Writing for the South China Morning Post on April 16, George Chen, whose penname is “Mr Shangkong,” wrote of China’s love affair with the shiny stuff.
“It is traditional for the older generation in China to buy gold products for the younger generation as gifts for various occasions, for example, when their children get married and have babies,” he noted. “Some analysts even joked that this time the war on gold prices may be a war between those big Western institutional investors like leading asset manager George Soros (who earlier in April said gold was no longer a safe haven) and Chinese retail investors, including many local housewives.”
But Chinese buyers are going up against Wall Street and some shaky sentiment for the metal.
Robert Jillies over at Sharps Pixley pointed out Thursday that there are plenty of warning signs for gold. He says upside risks for gold have increased as the price nears key $1,500 and $1,522 support levels. He sees a retest of $1,325 in the next few weeks, and notes that that instrumental rebound in physical demand is showing signs of tapering off.
“Gold remains in a bear market and typically, it will need time to find a strong base before embarking on a recovery,” says Jillies.
As for those Chinese housewives, this blogger was unable to listen to that original radio broadcast, but a few questions do come to mind. What exactly is the definition of “housewife” in China? Is she related to “Mrs Watanabe“, the mythical keeper of Japan’s household savings? What chunk of spending power in China does she represent? In other words, how much of a power shopper can gold prices count on here?
Statistical data from Catalyst showed as of late 2011, 71.1% of women between the ages of 18-64 were employed. So the housewife minority is propping up gold? Hmmm…
Here’s another look at the importance of buying gold in China, from a reader of blogger SilverDoctors who had moved there recently and spoke of the frenzy over the Chinese New Year for the shiny stuff. What has he learned? Chinese mothers don’t want vacuum cleaners for Christmas (Yeah? Join the crowd). They want silver or gold. Minimum $80 worth please.
ABX probably about time to buy...
Pension funds question Barrick pay deal as pressure builds
Fri Apr 19, 2013 2:00pm EDT
(adds details on Thornton; Glass Lewis comment)
By Euan Rocha, Julie Gordon and Allison Martell
(Reuters) - Barrick Gold Corp, already under pressure from setbacks at its largest development project and a slump in the price of gold, now faces a shareholder revolt over a "troubling" payment to a member of its board.
A group of Canada's top pension funds, small but significant shareholders in the world's largest gold miner, said on Friday it opposes Barrick's $11.9 million signing bonus for co-chairman John Thornton, the man tipped as the miner's next chairman.
"This compensation is inconsistent with the governance principle of pay-for-performance and is therefore disproportionate and sets a troubling precedent in Canadian capital markets," the group said in a statement.
Barrick has faced a raft of problems in the last few months, including a slumping gold price, and a partial halt to work at one of its main growth projects, Pascua-Lama, on the border of Argentina and Chile.
Shares of the company have fallen more than 37 percent this month and have more than halved in value over the last year.
The stock was down almost 1 percent on Friday, after the group of funds said it would vote against Barrick's advisory resolution on executive compensation and against the election of the members of the compensation committee at Barrick's annual meeting, on April 24 in Toronto when it will also report results.
Barrick declined comment on Friday, but in its proxy circular to shareholders ahead of next Wednesday's, Barrick said the advisory resolution on executive compensation is "not binding" on the board.
"The board and, in particular, the compensation committee will consider the outcome of the vote as part of its ongoing review of executive compensation," it added.
Thornton, widely expected to succeed Barrick founder and Chairman Peter Munk, has been a director of the company since February, 2012 and is also on the boards of China Unicom (Hong Kong) Ltd, HSBC Holdings, and Ford Motor Co .
A former president at Goldman Sachs, he has also served on the boards of News Corp and Intel Corp , among others.
In a letter to shareholders released in March, Munk said it was time for Barrick to "consider a path to new leadership at our board level." He listed the qualifications Barrick was looking for, and singled out Thornton as his likely successor.
The pension funds are not alone in expressing concern about payments from Barrick. Earlier this month, proxy advisory firm Glass Lewis, advised its clients to vote against Barrick's executive compensation plan.
"We believe shareholders should question the nature of these payments and if it is the best use of the company's capital, particularly following the company's results for the year," Glass Lewis said in its April. 6 report.
Barrick reported a net loss of $665 million in 2012, due to a large writedown. Excluding items, the company reported profits of $3.83 billion, down from $4.67 billion, a year earlier.
The group of funds opposing the payments comprises Canada Pension Plan Investment Board, the Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec, as well as Alberta Investment Management Corp; British Columbia Investment Management Corp; Hermes Equity Ownership Services; Ontario Municipal Employees Retirement System; and Public Sector Pension Investment Board.
The group represents about 3.46 percent of Barrick's ownership, or some 34.8 million shares outstanding, according to Thomson Reuters data and fund disclosures. That stake was worth around $640 million at Thursday's closing price of C$18.44. (Additional reporting by Andrea Hopkins; Editing by Janet Guttsman and Dan Grebler)
PLG cheap baby Platinum/Palladium producer that George Soros has a piece of, coming on line in 2014. Most on CNBC won't shutup on how Palladium is going to explode soon...
At the bottom on the chart, good long termer imo...
AZX, 2 MILLION Ozs Gold...
check out this BB post on Stockhouse:
this one a long term hold in view of Fed stimulus;
trading at 10c. Alexandria Minerals Corporation AZX
Wolverine Exploration Inc. Announces Fall Drill Program on Cache River Copper/Gold Property in Central Labrador
Wolverine Exploration, Inc." (QB) (USOTC:WOLV)
Today : Monday 10 September 2012
Wolverine Exploration Inc. ("Wolverine") (OTCBB: WOLV) is pleased to announce its fall drill program with Innu-Cartwright Drilling Company from Goose Bay Labrador.
Innu-Cartwright is a well-known local drill rig operator and this full size core drill rig will have the ability to extend the full depth of the magnetic anomaly as discovered by the Ground Induced Polarization survey by Abitibi Geophysics. Exact start date of the program is contingent upon completion of funding.
There remains seven anomalous areas to be investigated, most of those are 20 km (12.4 miles) west from the 2011 drilling and are centered in the area of all the surface malachite showings which were previously discovered by Wolverine that produced surface copper samples ranging from 2.4%Cu to 6.4%Cu.
There are four priority one and priority two anomalous targets outlined by Abitibi Geophysics that Wolverine plans to drill in September and October of this year. These anomalies are the only indication that may lead to a possible cause of the malachite in the area and Wolverine is excited about the prospects.
Lee Costerd Wolverine CEO stated: "We are extremely pleased to have such an outstanding crew this year, Ed Montague, senior geologist for Wolverine Exploration, will oversee the program. Mr. Montague was the former government geologist in charge of mineral analysis for all of Labrador on behalf of the Department of Natural Resources. Innu-Cartwright Drilling has first-hand knowledge of the region and is well respected, and the program will also be aided by Luke Rich. We look forward to bringing this large anomalous area to light."
For more information on the geophysics of this property please visit www.wolverineexplorationinc.com.
On behalf of the Board
For further information please contact:
Ronald Jones (778) 297-4409mailto:firstname.lastname@example.org://www.wolverineexplorationinc.com/
The Foothills GroupSan Jose, CA1-888-516-7415 (toll free)mailto:email@example.com://www.foothillsgroup.com/
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the exploration program.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Wolverine Exploration Inc.
buy them when they're cheap ...........or......... lol
need a reason to........ lol
$500 million market cap already, a little rich for my blood but GL!
Way to be on it!
wow that's encouraging.. and to think i sold 'most' of my shares that i bought at .20 recently... good thing i at least kept some i guess