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Century Mining (Tier2) (TSX:CMM)
Last Price (CAD)
$ 0.03
Change
◊ 0
Bid 0.03
Ask 0.035
Volume 1,870,000
Day's Range 0.025 - 0.04
Click for Detailed Quote Page
Last Trade:15:17:00 EST Dec-10-08
CENTURY MINING CORPORATION (Tie(CDNX: CMM.V)fiat$: 0.02
Trade Time: 1:51PM ET
Change: 0.00 (0.00%)
Prev Close: 0.02
Open: 0.02
Bid: 0.02
Ask: 0.03
1y Target Est: N/A
Day's Range: 0.02 - 0.03
52wk Range: 0.02 - 0.57
Volume: 397,000
http://finance.yahoo.com/q?s=CMM.V
http://biz.yahoo.com/cnw/080917/century_mining_financ.html?.v=1
God Bless
Here's my prediction! CMM is going to get an agreement in principal for the Fortis financing this week.
CENTURY MINING CORPORATION (Tie(CDNX: CMM.V)fiat$0.07
Trade Time: Aug 1
Change: Up 0.03 (75.00%)
Prev Close: 0.04
Open: 0.04
Bid: 0.06
Ask: 0.07
1y Target Est: N/A
Day's Range: 0.04 - 0.07
52wk Range: 0.04 - 0.75
Volume: 9,589,650
Avg Vol (3m): 1,044,280
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Quotes delayed, except where indicated otherwise.
Arrow335, Interesting, difference in exchange prices/volume.
wonder if something is up?
http://biz.yahoo.com/cnw/080722/century_mining_update.html?.v=1
For Century Mining Provides Update On Financing Activities
Tuesday July 22, 1:13 pm ET
BLAINE, WA, July 22 /CNW/ - Century Mining Corporation (CMM: TSX-V) announced today that MRI Trading has not yet funded the $5 million tranche that it has agreed to fund in a binding agreement signed on May 30, 2008.
ADVERTISEMENT
As previously announced on June 5, 2008, Century and MRI Trading agreed to a total financing package of C$6 million, including a convertible debenture facility of $1 million and a bridge loan debt facility of $5 million for the purpose of continuing planning and development activities for the Lamaque Underground Mine in Quebec.
The $1 million debenture facility has since been completed, and technical due diligence has been completed for the $5 million debt portion. MRI gave the Company oral assurance that the second tranche would be funded more than two weeks ago. As of today's date MRI has not funded the debt portion, stating that they are continuing due diligence and require at least 30 days more to complete further due diligence. No further requests for information have been received by Century.
Century has not been informed by MRI that due diligence performed to date is in any way unsatisfactory, but MRI has declined to indicate a date by which the financing will close. While the Company is exploring other financing alternatives, any discussions are preliminary in nature.
Margaret Kent, President & CEO said: "Representatives of MRI gave us oral assurances that documents would be signed and money wired two weeks ago, and we have provided them with all information and documentation they have asked for. We are disappointed that they have not yet funded the debt portion for reasons that are not entirely clear."
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
For further information
Brent Jones, Manager of Investor Relations, E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653, Fax: (360) 332-4652, Website: www.centurymining.com
consolidated real-time quotes (incl. pre/post market data),
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CENTURY MINING CORPORATION (Tie (CMM.V)
God Bless
Interesting, difference in exchange prices/volume. wonder if something is up?
CENTURY MINING CORP(Other OTC: CMNZF.PK)
Last Trade: 0.0650
Trade Time: 8:10PM ET
Change: 0.0150 (30.00%)
Prev Close: 0.05
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.0430 - 0.0650
52wk Range: 0.02 - 0.68
Volume: 534,750
Avg Vol (3m): 243,477
CENTURY MINING CORPORATION (Tie(CDNX: CMM.V)
Last Trade: 0.07
Trade Time: 3:59PM ET
Change: 0.03 (75.00%)
Prev Close: 0.04
Open: 0.04
Bid: 0.06
Ask: 0.07
1y Target Est: N/A
Day's Range: 0.04 - 0.07
52wk Range: 0.04 - 0.75
Volume: 9,589,650
Avg Vol (3m): 1,044,280
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
summer is a good time to bottom fish..
was an easy double the other day at 4.5.
was an easy double the other day at 4.5.
Century Mining hires advisors to evaluate strategic options -
Wednesday July 23, 9:51 am ET
BLAINE, WA, July 23 /CNW/ -
Century Mining Corporation -
(CMM: TSX-V) announced today that it has initiated a strategic review process in response to recent difficulties the Company has encountered in its efforts to secure financing. This review process was initiated as a result of Century's evaluation of severe equity market conditions and the current valuation of the Company.
The Board of Directors has therefore engaged Blair Franklin Capital Partners as financial advisors, to identify alternatives available to Century that will enhance shareholder value.
The strategic review will encompass a thorough analysis and evaluation of the prospects and options available to the Company, including the sale of the Company or its assets, the recapitalization of the Company or other alternatives that may be identified by the Company's advisors or Board of Directors.
Margaret Kent, President & CEO said: "We are asset rich, but lacking in working capital. We fully intend to continue all internal work toward completing the due diligence process related to the Fortis Bank financing for Lamaque. Parallel to this process, the Company will explore strategic alternatives which could enhance shareholder value. The Company believes that there are several alternatives that could ease the strain of our current working capital deficit and allow us to move forward and grow the Company during this difficult time we are experiencing in the resource equity markets."
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
For further information
Brent Jones, Manager of Investor Relations, E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653, Fax: (360) 332-4652, Website: www.centurymining.com
Source: Century Mining Corporation
http://biz.yahoo.com/cnw/080723/century_hire_advisors.html?.v=1
I guess with todays announcement and the stock at .05 cents ole Margaret Kent has not done much of a good job on this one. Now will have to wait to see if I can get SOME of the investment back.
NYBob
So what do think of todays announcement from Century? No good news coming yet.
Century Mining Announces Up To C$6 Million In Financings
Thursday June 5, 1:17 pm ET
BLAINE, WA, June 5 /CNW/ - Century Mining Corporation (CMM: TSX-V) today announced that, subject to regulatory approval, it has arranged with a Swiss institution a C$6.0 million financing for its Lamaque Project.
Details of the financing are as follows:
<<
Convertible Debenture Facility for C$1.0 million
------------------------------------------------
- Zero-coupon facility with 12 month maturity.
- Lender has the right to convert the debenture into approximately
5.6 million Units at a price of C$0.18 per Unit within 12 months from
issue.
- Each Unit will comprise one Common Share and One-Half of One Common
Share Purchase Warrant. Each whole Common Share Purchase Warrant will
entitle the holder to purchase an additional Common Share at an
exercise price of $0.30 per share for a period of 18 months.
- Finder's fee of 6% to be paid in units.
Bridge Loan Facility for C$5.0 million
--------------------------------------
- The term of the loan will be the earlier of 24 months or the date that
the previously-announced project loan facility with Fortis becomes
available for drawdown.
- The loan will bear interest of LIBOR + 6%.
- The loan will be secured by Lamaque milling circuit and other assets
at the Sigma Lamaque Complex.
- Draw down conditional on due diligence on the Lamaque Mine and mining
operations satisfactory to the lender.
- Finder's fee of 4% of the total facility to be paid in common shares
of the company.
>>
The convertible debenture is scheduled to close immediately and draw down of the bridge facility is expected in the near term.
As announced on May 12, 2008 Century is currently negotiating a significant project loan facility with Fortis for up to C$70 million. The financings announced today were arranged to provide Century with sufficient capital to continue production expansion at the Lamaque Mine until the proceeds from the project loan facility are available.
Margaret Kent, President & CEO, commented: "Today's announcement is another important step in Century's plan to expand production at the Lamaque Underground Mine. The financing announced today will provide Century with the additional capital to operate the Lamaque Mine until the operation is cash flow neutral and the Fortis facility can be drawn down."
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru. The Company owns and produces gold at the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Century's growth strategy is to acquire gold producing assets in South America that will substantially reduce the Company's consolidated total cash cost of production and where there is exceptional exploration potential to expand production at these mines.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
For further information
Brent Jones, Manager of Investor Relations, E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653, Fax: (360) 332-4652, Website: www.centurymining.com
http://biz.yahoo.com/cnw/080605/century_min_financing.html?.v=1
CENTURY MINING CORPORATION (Tie(CDNX: CMM.V)
Last Trade: 0.20
Trade Time: 2:13PM ET
Change: Up 0.02 (13.89%)
Volume: 87,320
Amen. Gold goes up and CMM comes down. Still have to be long and hope for the best.
The company needs to show a few quarters of profit and stop getting into legal battles.
NYbob
Yes. Gold is up, silver is up but CMM is not moving! and for a producing gold company not much confidence. How long do we have to wait for CMM to start giving out some PR?
Gold near $1,000 an ounce as U.S. dollar tumbles -
SINGAPORE, March 6 (Reuters) - Gold held near a record high
on Thursday, within sight of the next target of $1,000 an
ounce as a sliding U.S. dollar lifted the metal's appeal.
-- Gold was at $985.90/986.70 an ounce, steady from
$985.70/986.50 late in New York.
Gold rallied to another record at $991.80 an ounce on
Wednesday as the dollar struck an all-time low against
the euro and crude oil surged.
-- Silver edged up to $20.73/20.78 an ounce from
$20.61/20.66 an ounce, holding near Wednesday's 27-year high
at $20.82 an ounce.
-- The dollar resumed its slide and fell to record lows
against the euro on Wednesday amid growing pessimism
over the U.S. economy.[ID:nN056417617]
-- Spot platinum rose to $2,252/2,257 an ounce
from $2,240/2,247 an ounce.
http://investorshub.advfn.com/boards/profile.asp?user=29145
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Got CMM Gol bargain -
get in before the masses -
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5391
Amazing that there is no conversation on this post in regards to Century. With were gold is at today and CMM a producing company there has been no drastic upward movement. ANYBODY out there?
So, what do you think of the Sulliden news today?
CENTURY MINING CORP. - new CMM presentation is up -
http://centurymining.com/investors/pdf/CorpPres%200108.pdf
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5391
GOLD RESOURCES - Lamaque updated NI 43-101 report includes reserves -
* Century Mining Corporation -
QUEBEC - CENTURY MINING -
of Blaine, Wash., is pleased with the updated NI 43-101 report
for its
Lamaque gold mine -
near Val d'Or.
The technical study that accompanies the numbers incorporates
current mine plans at the Sigma-Lamaque complex and
the operating scenarios for the ramp-up of production
at Lamaque.
The company's plan is to increase production from -
the Lamaque mine to 140,000-160,000 oz annually -
by the second quarter of 2010.
The Lamaque mine -
may contain 3.5 million oz of gold.
There are proven and probable reserves of 7.7 million tonnes
grading 4.56 g/t Au.
The measured and indicated resources are 3.7 million tonnes
grading 5.27 g/t Au, and finally, the inferred resources
are 17.8 million tonnes at 4.83 g/t Au.
Century reopened the Lamaque underground mine in May 2007.
Development work will be ongoing until the No.3 winze
is complete, probably in 2012.
The goal is to extract ore at a rate of 3,000 t/d.
The mill will treat as much as 5,000 t/d to accommodate ore
from the West Plug pit as well as Lamaque in 2010.
Total cost of the expansion is estimated at $63.3 million.
There is detailed information about
the Sigma-Lamaque complex -
in the news release of Jan. 11, 2008, posted at www.CenturyMining.com.
Articles
* Development
* Gold & Precious Metals
* North America
* Resources/Reserves
http://www.canadianminingjournal.com/issues/ISArticle.asp?id=78853&issue=01162008
http://investorshub.advfn.com/boards/board.asp?board_id=5391
Came down a bit today but still looking good for a run up. need to finalize the Sulliden fiasco and could see some good movement.
Century Mining Corp. (V.CMM) $ 0.55 - 0.05 (+10.00%)
Volume: 1.1 m
10:58 AM EST Jan 14, 2008
http://investorshub.advfn.com/boards/quotes.asp?ticker=v.cmm
http://investorshub.advfn.com/boards/board.asp?board_id=5391
Detailed Quote for Century Mining Corp. (V.CMM)
$ 0.50 - 0.12 (+31.58%)
Volume: 2.9 m - 3:59 PM EST Jan 11, 2008
its only the start of the 2nd LT bulltrend -
the bull is long overdue -
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5391
CENTURY MINING CORP. - CMM doing good today -
has made a comeback -
the turnaround is long overdue -
http://www.centurymining.com/
http://investorshub.advfn.com/boards/quotes.asp?ticker=v.cmm
http://investorshub.advfn.com/boards/board.asp?board_id=5391
Good move on news, just shows if gold is there the stock will rise. This lady is good, she can make money at 450 a oz.
Hmmmm! Interesting. So best to get in with some more at .27 a share. Thks.
CEO glad to be back in the gold game -
http://www.businessedge.ca/article.cfm/newsID/13340.cfm
Gold Trendin' Up! - Greetins' From Peggy (CMM) -
http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=707&postID=48161
Rock Alert! - Base Metals Trend UP -
http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=707&postID=48153
Did you see todays article on their continued battle with Sulliden? Keeps on going. Where are we headed with this one?
Century Discovers New 2 km Long Mineralized Zone At Rosario de Belen
BLAINE, WA, Dec. 13 /CNW/ -
Century Mining Corporation -
(CMM: TSX-V) today announced results from the sampling and mapping program at the Rosario de Belen gold mine in Peru.
In today's announcement, Century's 10 member team, including geologists, technicians and support personnel, reported that they have discovered a new mineralized zone at the Company's Rosario de Belen gold mine in Peru (see Table 1 below for sample results).
The strike length is approximately 2 km long and consists of quartz veinlets hosted by andesite.
The discovery is the result of a sampling and mapping program commenced in November 2007, and scheduled to continue through February 2008.
The purpose of this program is to accurately and efficiently identify targets for exploration at Rosario and other nearby concessions.
The results will be used to develop comprehensive drilling and exploration plans for Rosario de Belen in 2008.
The Rosario de Belen property covers a total land position in excess of 12,000 hectares, and the mapping and sampling completed to date represents only about 25% of the total property.
The Company is encouraged by these early sample results since Century Mining acquired Rosario de Belen in May 2007 as an operating mine with excellent exploration potential, given its close proximity to other significant known gold deposits.
The Company also reported that the Rosario de Belen mine was connected to the national power grid in September, thereby eliminating the need generate power on site.
In addition to providing reliable, uninterrupted power to the mine, connection to the power grid will reduce costs and facilitate future drilling, exploration and mine expansion
for the project.
Details of the sampling and geology at Rosario de Belen are
as follows:
Gold/silver mineralization at Rosario de Belen is associated with andesite that is overlain by sedimentary rocks of the Chimu Formation.
The Chimu Formation hosts the nearby Santa Rosa gold deposit, which is currently producing 140,000 gold-equivalent ounces per year, and is also host to world-class gold deposits including Lagunas Norte, which is producing 1.1 million ounces of gold per year, and Yanacocha, which is producing 2.6 million ounces of gold per year.
Rosario de Belen is currently heap leaching quartzites, which overlie altered andesitic volcanic rocks on the northern portion of the Rosario de Belen concession.
Mapping in the mine area has shown the underlying andesite to contain gold bearing quartz veins that will be the initial focus of the drill program.
The Anely II concession directly south of the Rosario de Belen concession was one of the first areas to be mapped and sampled. Mapping showed the concession to be mostly andesite with a veneer of quartzites, sandstones and lutites over a portion of the concession.
The initial grab sampling on the Anely II concession returned the following values from quartz veins in a two kilometer long zone striking N45E toward the Rosario de Belen mine.
The zone occurs within andesites, however an anomalous sample (7012) was returned from quartzite overlying andesite two kilometers along strike from the first zone.
Detailed sampling will be completed over the strike length
of the mineralization as part of the remaining mapping
and sampling program.
Table 1
-------------------------------------------------------------------------
g/t g/t
-------------------------------------------------------------------------
Sample No. Gold Silver Rock Type Location
-------------------------------------------------------------------------
7006 7.545 (greater than) 100 Andesite Anely II concession
-------------------------------------------------------------------------
7030 1.728 (greater than) 100 Andesite Anely II concession
-------------------------------------------------------------------------
7002 1.288 80.1 Andesite Anely II concession
-------------------------------------------------------------------------
7001 0.937 66.1 Andesite Anely II concession
-------------------------------------------------------------------------
7031 0.070 0.9 Andesite Anely II concession
-------------------------------------------------------------------------
7012 0.064 0.5 Quartzite Rosario Concession
-------------------------------------------------------------------------
Margaret Kent, chairman, chief executive officer and president of Century commented: "The early indications from the sampling and mapping project at Rosario de Belen are very exciting. The results confirm our initial evaluation of the potential this property has, given its close proximity to some of the largest gold mines in the world. Upon completion of the current sampling project, we will begin an aggressive drilling and exploration program at Rosario de Belen in 2008. Toward the future, we envision Rosario de Belen not just as a profitable stand-alone gold mine, but a central part of the Company's expanding portfolio of operating mines in Peru."
Technical information included in this press release was reviewed by Century's "Qualified Person" Ross Burns, B.Sc, P.Geo., Vice President, Exploration.
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru. The Company owns and produces gold at the Lamaque mine in Quebec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Century subsidiaries have also recently acquired Rosario de Belen where it accounts for 100% of both gold and silver production. Century's growth strategy is to acquire gold producing assets in South America that will substantially reduce the Company's consolidated total cash cost of production and where there is exceptional exploration potential to expand production at these mines.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Source: Canada NewsWire (December 13, 2007 - 10:02 AM EST)
News by QuoteMedia
www.quotemedia.com
The adjacent Lamaque underground mine,
which is part of the same vein system,
operated from 1935 to 1985, with total mine production
of approximately 24.2 million tonnes of ore at an average
grade of 5.81 g/t Au for a
total of 4.55 million ounces of gold.
The mine was closed by Teck Corporation in 1985 due to
low gold prices and a labour dispute.
The Company commenced an exploration and development program
at the Lamaque underground mine in March 2006 with
the objective of reopening the mine in the spring of 2007.
http://www.marthiii.com/planete_117/histoire_117.htm#histoirelaval
http://www.centurymining.com/operations/exploration/canada-quebec.html
http://investorshub.advfn.com/boards/board.asp?board_id=5391
DRDGold Ltd. (DROOY)
Do you know of any South African mining companies that are public? ...
Good time now to buy more ).43 Last news may seem bad but UG will have better grades .
they have to get some news going to keep the stock price from continuing its slide. I still have high expectations from Margaret and her crew. Still holding what I have and looking at taking on some more.
Century posts court documents that support Algamarca's
legal position in the dispute over Shahuindo -
BLAINE, WA, Oct. 22 /CNW/ -
Century Mining Corporation -
http://www.centurymining.com</a
(CMM: TSX-V) Century has posted on its website the 2004
injunction granted by the Civil Court of Cajabamba
restricting Sulliden from entering Shahuindo as well
as the Civil Courtroom of the Superior Court
Cajabamba's recent notices regarding inspection of
the Shahuindo concessions to ensure Sulliden has
not violated the terms of that injunction.
Century has also posted on its website the August 2007
decision of the Superior Court of Lima nullifying
the 2006 arbitration award in Sulliden's favor and
its subsequent denial of Sulliden's request to suspend
the effects of that decision as a result of
Sulliden's appeal.
Contrary to comments in Sulliden's press releases
dated September 21, 2007 and October 17, 2007, the
effects of the Superior Court's decision to nullify
the arbitration award have NOT been suspended and
now the various administrative processes relying on
the 2006 arbitration award, such as the 2006
injunction against Algamarca and the registration
of the concessions in Sulliden's name, have no
legal foundation; this situation is now being corrected
by the various courts and administrative authorities
in Peru, as discussed below.
Century has posted on its website the September 16, 2007
decision of the 55th Civil Division of the Superior Court
of Lima to reverse the injunction Sulliden won in 2006
against Algamarca, which injunction contained the basis
for the registration of the Shahuindo concessions
in Sulliden's name.
With the lifting of that injunction, there is no
juridical basis for the registration of the concessions
in Sulliden's name.
The administrative processes are now underway to revert
the registration of the Shahuindo concessions back
into Algamarca's name.
The Court of Cajamarca is now instructing the Director
General of Environmental Issues of the Minister of Energy
and Mines of Peru to revoke the temporary (9-month) permit
it had granted on April 17, 2007 to Sulliden to perform
certain exploration work on Shahuindo.
This correspondence from the Court of Cajamarca to the
Minister of Mines is also posted on Century's website.
Commented Margaret Kent, Chairman and CEO of Century,
"We have taken a position of total transparency.
We have posted on our website the various court documents,
and in some cases the certified translations of these
documents, which support the claims we made in prior
press releases regarding recent developments in Peru.
I encourage the shareholders of Sulliden to read the
court filings and decisions for themselves and I am
confident that they will arrive at the same
conclusion we have:
the courts in Peru are increasingly more supportive
of Algamarca's legal position in this dispute."
On behalf of the Board of Directors,
"Margaret M. Kent"
Chairman, President and C.E.O.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report , in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Source: Canada NewsWire (October 22, 2007 - 12:15 PM EDT)
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Aug 30, 2007 15:26 ET 'Century Mining reports second quarter net income of $1.6 million and operating profit of $4.8 million <CMM.V>' - CNW
To 'flaco1' on 'CENTURY MINING CORP. ' -
its about time - nice to see -
CMM undervalued - oversold -
takeover? - merger? - fusion? -
strategic bottom fishing -
CMM - firesale bargain -
Imo. Tia.
http://www.investorshub.com/boards/board.asp?board_id=5391
Why the big jump today? Nice to see.
30 Year Treasuries - Where Have All The Big Buyers Gone?
Posted On: Monday, June 11, 2007
Author: Jim Sinclair
Dear CIGAs,
According to the Financial Times, the degree of confidence was so high amongst US Treasury traders that as the ten year US Treasury approached 5%, the longs crowded the market. When the big buyers failed to show up the Treasury Bond market regurgitated the longs as the major, major trend line broke down.
My instrument of interest is the 30 year Treasury as inflation is powerfully factored into this area. You will notice on the Pillars illustration the long bond is a key item to gold demand as it impacts the US dollar.
You need to keep in mind that the selling of US Treasuries increases the supply of dollars that most world central banks, whether they admit it or not, wish to reduce in their portfolio percentages. As such the central banks are certainly not buyers but rather sellers of these instruments. As such, the central banks who are the “big buyers” would be absent.
As far as the Treasury International Capital Flows report is concerned, a continued bull market in equities means a continued inflow of capital into the US. With the attraction of US Treasuries on the wane, you can easily see why the PPT (Plunge Protection Team) needs to be on top of things. In truth you have to give them credit as they have sprung into successful action now since the 2000 break.
It is important to keep in mind that from 1977 to 1980 the long bond declined from nominal value 88 to nominal value 49. At the same time gold rose from $150 to $887.50 while the US dollar chopped sideways between a .85 low and .90 high on a reconstructed USDX.
The bombing of gold over the breakdown of the 27 year bull market in the long bond is a temporary event. As far as the bond market supporting the dollar goes, historically it would take a break by the 30 year or 50% of its present value to assist the dollar, and then only moderately as long as inflation is present.
The fundamental factor is the increased dollar selling of treasuries from the hands of the sellers who have expressed a willingness to diversify out of the dollar.
The assumption that a bear market in bonds is automatically a bull market in the US dollar and thus a bear market in gold lacks historical precedent.
The black boxes that engineered the decline in gold set off by the deceleration of momentum out of Spanish gold selling is temporary. As the momentum of the decline in gold slows and breaks out from the down trend line the black boxes will be full gear bullish. They will in fact start on lower downside momentum the moment the power down trend line breaks to the upside.
Markets are run by algorithms and that is it, period. When you can throw a dart in the equity market and win it is hard to interest a general public in precious metal shares. One will end and the other starts on a momentum basis which will key in the black boxes to diversify from general equities into gold equities.
CMM - Gold is headed to $761, $887.50, $1000 and $1650.
JP Morgan does not agree entirely as a popular analyst
there sees $1000.
In a major investment banking firm you are a team players
and do not publish opinions that goes diametrically opposed
to the analytical department.
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I think it will be difficult for a foreign company win out over a Peruvian company in a matter such as this!! I hope I am wrong and if I am then CMM will move upwards at a good clip.
Injunction on sale of Poderosa shares still in effect -
BLAINE, WASHINGTON--(CCNMatthews - June 5, 2007) -
Century Mining Corporation -
(TSX VENTURE:CMM) is pleased to provide an update on the Poderosa litigation in Peru.
The defendants to the breach of contract claim
Century Mining
filed in Peru on May 15, 2007 failed to appear at
the mediation hearing held on May 29, 2007.
As a result, this matter will now proceed to trial,
where Century is seeking damages totaling US$85 million.
Century's claim
is based on the improper sale of approximately 37% of
the issued shares of Compania Minera La Poderosa S.A.
(CMPSA) to Compania Minera San Manuel S.A. (San Manuel),
a subsidiary of Compania Minera Atacocha S.A.
This sale constituted a breach of a contract between
the defendants and Century Mining
signed October 12, 2006.
The following defendants were parties to the contract with Century and in breach thereof sold their Poderosa shares to
San Manuel:
- Monica Patricia Arias Vargas De Ucelli
- Veronica Rociio Arias Vargas de Gomero
- White Peak Resources, Inc.
- Koriarias, Inc.
The following defendants were involved in the transaction or related to the above former shareholders:
- Luz Evangelina Arias Vargas De Sologuren
- Compania Minera Poderosa S.A.
- Compania Minera Atacocha S.A.
- Corporacion Minera San Manuel S.A.
- Ana Carolina Arias Vargas de Picasso
and Jose Enrique Juan Picasso Salinas
In addition, Century Mining succeeded in maintaining the injunction on the transfer of all CMPSA shares currently held by Minera San Manuel whose total shareholding of CMPSA now represents 51% of the issued capital of CMPSA.
Margaret Kent, President and CEO, commented, "Given the defendants' failure to appear at the mediation hearing, we are well-positioned to succeed at trial as we demonstrate the breach of contract by the defendants. We maintained good faith in our negotiations with the selling group from the beginning of the negotiation process and we are now pursuing this legal action to protect the interests of our shareholders."
On behalf of the Board of Directors,
Margaret M. Kent, Chairman, President and C.E.O.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Brent Jones
Manager, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
Email: bjones@centurymining.com
Website: www.centurymining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Source: CCN Matthews (June 5, 2007 - 5:30 PM EDT)
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This is a good thing if they can settle the legal issues in Canada. If it ends up in Peru then it will not benefit CMM in my opinion.
To 'flaco1' on 'CENTURY MINING CORP.' -
BLAINE, WASHINGTON--(CCNMatthews - May 16, 2007) -
Century Mining Corporation
(TSX VENTURE:CMM) ("Century", "Century Mining",
or the "Company"), announced that it has
purchased 100% of
the shares of Compania Minera Algamarca S.A.,
Compania de Explorations Algamarca S.A.,
Andean Mining Gold,
Import & Export A.C.D., S.A., and
Inversiones Mineras Sudamericanas S.A..
These companies own the 26 concessions,
the surface rights, the mortgages and all litigation rights
in respect of the precious metal property known as
"Shahuindo"
in the district of Cachachi, province of Cajabamba,
department of Cajamarca in northern Peru.
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NY Bob
I hope you have been keeping an eye on CMM. Looking good.
NY Bob
Casey Reseach had an article on CMM about a month ago and said good things. Hopefully the run will come soon.
CMM Gold fiat$694.30 -
took out 666 - 688 - s.t. target 888 -
LT looking good - let the bull run -
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To 'Flaco' on 'CENTURY MINING CORP. ' -
well, agree very oversold / undervalued -
http://www.investorshub.com/boards/read_msg.asp?message_id=10227283
once, the worlds largest Gold Mines -
should still be more than 10 times higher -
the Gold is still down there -
the oldtimers only got a sniff at it -
found it and saved it for the kids? -
the SP is a strategic bargain on firesale -
btw. the miners knows how to mine -
still they know zero about PR image etc. -
tunnelvision hurt the SP -
its to have the richest mine in the world -
but if no one knows -
its still a hidden treasure chest -
http://www.investorshub.com/boards/read_msg.asp?message_id=10227362
Imo. Tia.
http://www.investorshub.com/boards/board.asp?board_id=5391
God Bless
should have some movement tomorrow hopefully as read on an investment subscription that CMM is undervalued on the stock price.
Century Mining Hires New General Manager At Sigma And Lamaque - Mines And Launches New And Updated Web Site -
February 5, 2007
http://www.centurymining.com/news/index.html
http://www.centurymining.com/index.aspx
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http://www.centurymining.com
CENTURY MINING CORP. - new CMM presentation is up -
http://www.centurymining.com/i/pdf/Presentation-201003.pdf
Countdown to Gold Production at Lamaque Gold Mine: 48 Days
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It remains Alaska's second largest - Gold Mine -
of all time.
Some 3 million ounces (100 tons) of gold were taken
out of the Treadwell mine from 1881 to 1917.
The four individual mines which made up -
the Treadwell complex employed 2,000 people
in its heyday.
Still they only got a sniff of the Gold Treasurer -
below the old Gold mine workings.
Century Mining Corp.
a giant Gold producers starting to wake up -
Gentleman,
Century Mining Corp's
Mining Queen -
Started up The Kemess Mine -
at a much lower POG -
B.C. Largest Gold Mine today -
To start up the Gold mining at -
-
La mine d'or Lamaque, en Abitibi
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