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CMM Hosting Conference Call Today
From latest CMM news release:
Management will host a conference call on Wednesday, June 2 at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) to discuss 2009 results, future developments at its operations in Quebec and Peru, and the results of the first quarter of 2010. Mining analysts, investors and the media are invited to dial toll-free 1-800-369-2128 in Canada and the United States, or 1-630-395-0029 from international locations (normal toll rates do apply) and state the verbal passcode "CenturyMining". Please dial approximately 5 minutes before the start of management's presentation. The presentation will be followed by a question and answer period.
The conference call will be archived for later playback and may be accessed by dialing 1-888-294-0358 or 1-402-220-9749 and entering the pass code 1324#, or via www.centurymining.com via a downloadable audio file. The archived playback will be available until June 25, 2010 11:59 p.m. Pacific Time.
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I was told by an admin on another board that I had two posts left on ihub and I thought that meant the entire site but as it turns out it was only on that site. So, I made a mistake and can still post.
Where do you see that? i dont .....
This is my last post here.......
I have been banned. What a joke.
CMM Punished for Delinquency 0.66
As bad as having the Cease Trade Order lifted and the share price taking a hit it's not going to mean squat in the the big picture. Century is going to release more production numbers and there will be no denying the fact of another 2 - 3 thousand ounces of gold that have been produced. Once the news is released all will be forgiven and the share price will appreciate to new highs. This is going to be a VERY good year for CMM shareholders.
CMM under Cease trade order....
Not a big deal. They had a very complicated year end due to the new investors, gold forward sale, debt payments with shares, purchases, etc. They will be filed soon and then the share price will continue it's ascent....
Back on track 0.76 At a 1000 tons per day CMM should do about 2000 - 3000 ounces in May. Since this is just the start and the mill is going to be ramped up to do a lot more this is going much higher....
Century Mining Announces First Gold Pour
Monday, May 03, 2010 Press Release
Century Completes First Gold Pour at Lamaque and Discusses Late Filing of December 31, 2009 Financial Statements
--------------------------------------------------------------------------------
Century Mining Corporation ("Century" or the "Company") (TSX-V: CMM) is pleased to announce the successful completion of another milestone ahead of schedule at the Lamaque Gold Mine in Val d'Or, Québec. The Lamaque operation reports that all systems are up and running and the mill facility poured its first bar of gold one month ahead of schedule on April 30, 2010. The first gold pour was from the gravity table concentrate from the first few days of operation, which yielded a gold doré bar weighing approximately 230 ounces. The mill can now expect the commencement of regular weekly gold pours going forward as the Carbon-in-Pulp (CIP) circuit is now fully operational. Future gold pours will include gold from the stripping circuit as well as the gravity recovered gold.
The Company will be able to provide tonnage, grade and recovery statistics from the first weeks of production at a later date. The Company is also pleased to report that the first jumbo from the fleet of low profile underground mine equipment has arrived on schedule at the Lamaque operation and is being readied for underground deployment this week. The low profile equipment is expected to significantly increase the underground production rate in the Lamaque #2 mineralized flat zones and also assist in lowering mining costs.
The Company also wishes to advise that the Company's December 31, 2009 financials have not yet been completed and filed by the required deadline of April 30, 2010.
"The Company and its audit committee have been working closely with its auditors over the last three months and has yet to complete the 2009 audit of the Company's financial statements. The delay in completing the audit of the financials has resulted from the complexity of the Company's year-end financing transactions, certain accounting treatments respecting the Peruvian operations, combined with the restructuring and paying out of a significant amount of debt including short and long-term payables. The auditors, the Company's financial team and its audit committee, are working diligently to complete the routine year-end audit. It is expected that the audit will be completed within the next two weeks. At the time of conclusion of the audit, the Company anticipates showing a set of financial statements containing a much stronger and cleaner balance sheet as compared to the previous year," commented Margaret M. Kent, President & CEO of Century Mining.
Boo Boo .72 today.
Not to worry though! Mill is running at 1000 tons per day and that is going to increase. Cash is going to be flowing soon....
Boo.... Close .78
We were due for a pull back but it will be short as the mill is running at about 1100 tons per day. CMM is going to be cash flowing 2 - 3 million a month and that is just the beginning....
We are looking good CMM holders .....
Great News Today!
Century's Lamaque Mill Facility Fully Operational & Provides Further Progress Update for Lamaque Gold Project
4/28/2010 9:16:02 AM - Market Wire
BLAINE, WASHINGTON, Apr 28, 2010 (MARKETWIRE via COMTEX News Network) --
Century Mining Corporation ("Century" or the "Company") (TSX VENTURE: CMM) is pleased to announce that the mill facility at its 100% owned Lamaque gold project located in Val-d'Or, Quebec, Canada is fully operational and is currently processing 900 to 1,100 tonnes per day of ore from current production and existing stockpiles. The Company is fully financed and on budget for the ramping up of the Company's Lamaque gold project, and is preparing for its first gold pour within the next week, nearly one month ahead of schedule.
"Century is about to take a new step forward with imminent gold production at the Lamaque gold mine. We are making ready on all fronts for this exciting point in the re-opening of our second gold mine, on budget and ahead of schedule. Our metallurgical team is preparing the facility for the first gold pour and I look forward to seeing the yellow metal 'Pour in Val-d'Or'. Century Mining is fully cashed up and looking to build the next mid-tier gold producer. The executive team is extremely pleased with results to date at Lamaque, and we can now focus on reaching further milestones as we progress through 2010. On the exploration and geology front, the Company controls significant property positions in Canada, Peru and the United States that have been barely explored, and provide additional excellent discovery upside for the Company as we look to appoint a new VP Geology in the near future," commented Margaret M. Kent, President & CEO of Century Mining Corporation.
Lamaque Gold Mine Update
The Company continues to have excellent progress at the Lamaque mine site and expects to pour gold within a week. The Company currently has a workforce of 180 on site, including staff, union employees and general contractors. This workforce is focused on mine expansion, mill facility upgrades, site reclamation and monitoring and general site maintenance.
The development crew underground continues to mine in three separate stoping complexes. Ore that had been brought to the surface and stockpiled is being processed, now that the 3,000 tonne per day capacity mill is fully operational. The low profile underground mining equipment to be used to increase efficiencies and production in the Lamaque #2 zone is expected to arrive at the minesite within days and on schedule. The Company continues with its final mine planning for the Bedard Dyke and expects to collar the portal in the very near future. The Bedard Dyke is the second zone in the mine plan to be developed through long-hole open-stoping, which will subsequently increase the daily tonnage. All underground access portals are collared via the historical Sigma pit, which is located only a few hundred meters from the 3,000+ tonne per day milling facility.
The Company is also now preparing to commence a 150,000 foot (45,000+ meter) exploration and definition drill program in May 2010 at Lamaque, and is expected to continue over a three-year period. Upon commencement of gold production at the Lamaque gold mine, senior management will focus its energy on expanding production at Lamaque. At its San Juan gold mine, the Company will be ramping up exploration efforts on specific targets to evaluate the large property position.
Other
A group of senior management employees and former officers of the Company recently exercised approximately 600,000 options that were held since being granted five years ago on April 18, 2005 at $0.40 per unit. The options were exercised and either sold in a private transaction to minimize impact in the market, or continue to be held. Additional information on insider transactions can we viewed at www.sedi.ca.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Margaret M. Kent, President & CEO
It's getting a little frothy.... Close .81
Nothing goes up forever so one has to expect a pullback and consolidation at some point.
Century Mining....It's a No Brainer....
Analyst says buying Century Mining is a No Brainer and could reach $2.50 a share.....
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=103346&sn=Detail
Some gold stock no-brainers and unlocking shareholder value
Equities and Economics Report writer Victor Gonçalves says he favours "no-brainer" companies and offers his perspectives on long and short-term investor commitment. Interview with The Gold Report
Posted: Sunday , 25 Apr 2010
The Gold Report: Victor, one of the big headlines since we last spoke is Europe's loan to Greece. Some are calling it an E.U. bailout. As an economist, what's your perspective?
Victor Goncalves: I think it's a positive thing actually, given the parameters. A lot of your Austrian guys would say this is the devil's work and you should let markets run free. Given the economic policies of the European Union, which is not a free market, that's probably one of the only options it has.
TGR: What impact is this going to have on the markets?
VG: It'll have a positive impact because what it basically says is we're not having a country go into default. That's the short-term impact. The longer-term impact isn't just Greece, it´s the bigger picture in relation to the EU. Will more countries come out of the closet with bad debt? I don't know if that's the case, but I'm suspecting that might happen.
TGR: When we last spoke in January, you said that the economic fundamentals weren't stellar and you were expecting a correction within the markets. The TSX is still trading around 12,000, while the Dow remains around 11,000. Do you still see a correction coming and if so, when can we expect it?
VG: We actually did get a correction, albeit a small one. We did have about a 10%, 11% drop in the market. It wasn't as much as I would've liked to have seen, but it still happened, nonetheless. The fundamentals of the market really act in weird ways, so I'm not sure we're going to see the correction we should see in the short term. Technically, we should be seeing one quite soon. We should've seen one already.
If you look at the TSX Venture, which is a better barometer because it shows a better picture of who is putting money in venture capital, it's moved up parabolically recently. So that has to cool off a bit. Whether it will do it now or in a couple of months, that's a lot harder to tell. It's a situation where investors really need to watch the market a lot closer for the volatility. Investors need to watch for the change in sentiment. It's a little harder to figure out now, compared to what it was even a couple of years ago when you could better predict when these things would happen.
TGR: We're currently in a decent earnings season. Historically, after a good earnings season we've seen corrections. Some are saying that because the mood is positive we won't see a selloff this time. What's your opinion?
VG: There's two ways to look at this. Earnings can look good, but what kind of expectations are we giving ourselves? That's really what it comes down to. If we reduce our expectations a lot and then all of a sudden we meet those expectations, we end up fulfilling our own prophecy. So I think short term, the market will probably do well if earnings levels are met, given the current sentiment of the market. That's because we've lowered the bar. Longer term is the issue. In the long term if nothing has changed, or if a little has changed, the problems are still there.
Realistically we'll probably see a rally in the Dow. Even the TSX should probably jump, but I don't think a ton. We are also coming into seasonal weakness in the summer. Adding all those things up means that we're probably going to see some strength near term going into the summer, and then a selloff going into the summer.
TGR: If there's a summer selloff, how would you advise investors to play that correction?
VG: There's multiple ways of doing it. The easiest way to do it is to look back in history and see where the corrections have happened. Typically, you're looking at the middle of May. Just sell the stocks that you've made money on.
Now if they're really good stories, stories that you should be involved in long term, then have a trading position and a core position. That core position is something you want to build; it's one that you only want to sell once you hit your target, which should be either full valuation of the company or a level where you feel comfortable selling. The trading position is something that you keep building and peeling away as the market dictates.
TGR: Do you have any companies in mind that you see presenting these kinds of opportunities?
VG: Oh, absolutely. The first one is a no-brainer and I love no-brainer stories. No-brainer stories are great because you don't have to worry about them. Century Mining Corp. (TSX.V:CMM) is one of those no-brainer stories. Century Mining got really beat up for quite a while. Then it turned around quite nicely for multiple reasons. One reason is a Russian group bought 45% of the company to get the company into production. They got the money they needed to put their Lamaque Mine into production. It's not in production yet, but they're working on that right now. What's interesting is the numbers. Between their Peruvian operation and their Quebec operation, which is the Lamaque Mine, the company should be producing between 140,000 and 150,000 ounces of gold a year. All-in costs should be around $460 an ounce. So you're looking at a company that could be making in the order of $70 million or $80 million a year before taxes. You factor a 10 or 12 multiple into that, which is quite low, and you could be looking at a stock price that is $2, $2.50 just for fair valuation. The share price is currently at $.60. It's moved up a little bit in the past couple of weeks-month, but it's still very cheap. That's a no-brainer.
TGR: Is Century Mining something you would hold on a long-term basis?
VG: I would and do have a core position on Century Mining. The company has 6 million ounces of gold in all categories as it is now. To date it's produced 9 million. I think the blue-sky potential is multiple millions more. That's certainly a company that can expand production. It can potentially even start consolidating the Val D'or area just by default of having a stronger stock price and a lot of money in the bank. Whether it is Century or some else like Agnico-Eagle Mines (TSX:AEM), I think that it is a likely scenario.
TGR: Any other no-brainers out there?
VG: There are companies that aren't necessarily absolute no-brainers that are still significantly interesting. Kent Exploration Inc. (TSX.V:KEX; PK SHEETS:KXPLF) is one that is doing very good work and building shareholder value. They're trading around the $.20 range. We've talked about them in the past. They're separating their assets into two different companies to give Kent, and ultimately the new company, Archean Star, shareholders more value.
A lot of times you'll see companies have 10 properties in their portfolio and really one of them is getting value, maybe two. There are eight or nine others in the portfolio, so the way to unlock that value is to put them in a vehicle where they can get all the attention that's needed to build those new projects. Graeme O'Neill, the president of the company, saw that. Very quickly he decided that a spinning off of the Australian assets and the New Zealand assets into a new company was the best way to unlock value for the shareholders while maintaining the other properties in a vehicle that could be worked on. So Kent right now is at $.20. What they're doing with their spinoff is with every four shares you own of Kent you'll get one of Archean Star. You'll be able to participate in both stories just by owning one.
TGR: Victor, share price is typically calculated by ounces in the ground and progress toward production. Why does splitting it into two companies provide more value to the shareholder?
VG: Let's say you have a company and it's got four projects. Say the company has got 50 million shares that are trading at $.20. That gives you a $10 million market cap. Now let's say one project has 600,000 ounces. That project should be worth say, $8 or $9 million. Then you've got a bunch of other projects that are effectively worth $1 million. The market tends to value what you're working on now. The market doesn't look at the fact that you've got three other projects. They're looking at what can become tangible soon or reasonably soon. The only thing that's going to become tangible soon is what you're working on now. So what ends up happening is the stuff that's on the sidelines or in your portfolio ends up getting zero value. If you look at 50 companies in that situation, you'll find that probably 50 of them have the same problem.
The other reason is because, quite frankly, you're going to dilute your company to raise the money you need to work on all the projects. For example, to work on one project you need $3 million. If you want to work on say two projects you need $8 million. You've got to raise a lot more money so your share structure gets shot. The problem is all that work will not get reflected in the stock price. So the best way to do it is to get a new vehicle that can raise money for one particular project or a set of projects that can be the focus.
So what happens is you get Project X with a valuation on it and then you've got a small number shares with a higher nominal price. You can raise more money with a higher stock price, consequently issuing less paper. How you unlock shareholder value is the price of the shares has to be high to make it worth anything. The market capitalization can move higher and higher and higher, but if you're issuing shares at an even faster pace, dollars per share, or cents per share will go down long term. Even though the company's gotten more value, what you paid for your shares ends up going down. Spinning off the asset makes a lot more sense.
TGR: In January, gold was still around $1,000. We've gone up to $1,150. Where do you think gold is going as we head into the summer and through the rest of 2010?
VG: You're going to see technical moves one way or the other. You may see a drop to $1,000 and I wouldn't panic if that happens. You may see it run to $1,250, $1,300. I certainly wouldn't get overly excited if that happens, unless it holds there for a little while so it creates a new base. We're probably not going to see a strong gold market in the summer. That doesn't normally happen. So really we'll probably see more weakness going forward than strength.
That being said, the price of gold-based equities still has to catch up to $1,000 valuation of gold, let alone where we are now. So even if gold were to come off a little bit during the summer, gold equities still have to catch up to that valuation point before they can keep moving up. I think we're really going to see a move in gold when we saw it last year, around September. We might see a little strength here for the next month or so. We may hit $1,200. We may test $1,240 but it should come off after that during the summer. For really June, July and August it should see some weakness and that's normal. So I wouldn't be concerned.
Long term, at the end of 2011, $1,500 I think is fair. Now if we see a huge debacle in Europe, and let's say three or four countries start singing the same tune as Greece, then I'm suspecting we'll see the $1,500 level come a lot quicker.
TGR: What other junior mining companies do you see as a good value?
VG: Paramount Gold and Silver Corp. (NYSE:PZG;TSX:PZG) looks good. They're developing quite a strong asset, 2.6 million ounces of gold equivalent. That being said, I think that company will take a little longer to go anywhere. It's going to keep adding ounces. That's what that story is about; it's just an adding-ounce story. It gives the company an intrinsic value. As it develops more ounces, it will give the stock a higher and higher price or a better value for it. So I think a company like this, at the current level of $1.40, $1.50, should continue to do well. It's not going to start screaming up in price, but it's going to have a steady increase going forward. It's also going to get insulated against market activity a lot more because it has that intrinsic value. You can say these shares should be worth X because there's X amount of ounces of gold associated with it. So a company like that is going to fair quite a bit better against a company that still has to find their first or second ounce.
TGR: Anybody else in this category?
VG: Yes, we have Otis Gold Corp. (TSX:OOO) in that category as well. They've got ounces, and they've already shown about 700,000. They also have exploration that they're doing. So they have this intrinsic value from the current ounces they have. Plus they have the upside potential that you get when you're trying to prove up more ounces and that's what they're doing. Otis Gold, in the $.50 range, is actually quite inexpensive given the number of ounces they have, plus their exploration upside potential.
Let me talk about one more company in all of this. This one kind of goes against everything I just finished saying. We're talking about all these companies with ounces that are defined, companies that have an intrinsic value. Richfield Ventures Corp. (TSX.V:RVC) is entirely different in that regard. They don't have a resource defined yet. This is a discovery story. Richfield is in the process of finding and proving to us a new gold camp in British Columbia. There could be a lot of activity with that company this summer. They're going to be doing a 25,000-meter drill program to define what some people are calling 4 to 7 million ounces of gold, which is very significant. They're able to do this rather inexpensively, and they also have a lot of money in the bank to do it with. They'll be sitting on somewhere in the range of $15 to $16 million in cash right now if you consider all the warrants that are well in the money. This is a very interesting situation because they're in the process of proving now what I think will be a new gold camp. They entered the last hole they drilled last year that gave 1.25 g/t over 329 meters ending in 5 g/t over the last 9 meters. They recently announced that they have re-entered that hole and are planning to take that hole to over 700 meters. In that announcement they said that they were past the 500-meter mark and are still in the same rocks that they got in the first 329 meters. This will be a very exciting story, especially if they come up with the same spectacular results that they have been getting so far.
TGR: Very interesting, Victor. Thanks for spending time with us today.
A proud and avowed Keynesian, Victor Gonçalves developed a strong background in economics at the University of Winnipeg, where he served as a Professor's Assistant as well as earning his degree. His Equities and Economics Report has been accurately picking winners and calling market direction. In 2007, for instance, he correctly predicted the Dow Jones topping 14,000 points and pegged uranium reaching $136 per pound and many more. In addition to EER, Victor also produces the Green Dollar Report as well as writes for a number of print and electronic publications including CIM Magazine (Canadian Institute of Mining), Western Standard, Barron's and Kitco. He also has been featured on BNN, Mining Industry TV and at numerous industry events and conferences.
Article published courtesy of The Gold Report - www.theaureport.com
Up to .66
If you've been on board since late 2008, like I have, then you're enjoying a beautiful ride. GLTA
A Fine Week With a .61 Close.
Century has been kicking butt for some time.
IF it closes the week around .63 would be nice resistance for the next push as production gets closer and closer.
Kaboom. Here she goes.
Analyst says CMM Easily $1.50 Based on Production.
He talks about CMM at the 3:30 mark. Just let the commercial run first.
http://watch.bnn.ca/#clip287051
CMM On The Move Again....
Century Mining is moving again. This one is going waaaay higher. An analyst on BNN just picked it with a target of $1.50. I'll post the link once it is posted to the BNN website.
It is great to finally see that CMM is moving forward. with the Peru and Canadian operations generating $$$$$ then the US will come on line in the next years but with what we have today i agree, should move forward nicely this year.
Nice Close Today... .475
CMM is going to continue it's upward trend. Too many positives to slow it down for a while.
Century Prepares for First Gold Pour on Schedule at Lamaque Gold Project
4/6/2010 9:38:50 AM - Market Wire
BLAINE, WASHINGTON, Apr 06, 2010 (MARKETWIRE via COMTEX News Network) --
Century Mining Corporation ("Century" or the "Company") (TSX VENTURE: CMM) is pleased to provide a progress update at its 100% owned Lamaque gold project located in Val-d'Or, Quebec, Canada. The Company is fully financed for the reopening of the Company's Lamaque gold project, and is on schedule and budget for its first gold pour in the second quarter of 2010.
Since reopening the Lamaque gold project in early January 2010, the Company has rehired and brought on a mining team in excess of 115 employees, and continues to fill vacant positions. The underground development crews continue to make excellent progress by re-opening the existing workings and are currently mining in #90 and #107 stopes, gearing up for the opening of #115 stope, and mining in several jumbo development headings that are located in ore. The crews continue to slash areas of the underground workings and main ramp to allow access for larger mine vehicles to reach the deeper ore zones, and have completed the installation of the new ventilation infrastructure. The development crews continue to stockpile underground ore at surface next to the crusher in preparation of production.
The Company has received a significant amount of the new equipment required for the re-opening of the Lamaque gold mine including the jaw crusher, cone crusher and crusher motors for the milling facility, and a 6 yard scooptram, a single boom jumbo drill, a 35 tonne truck, two scissor lifts and a boom truck for use underground. The new low profile equipment is expected to arrive on site in April, and the engineering team is in the process of procuring and installing the long term mine electrical system. Additional mine equipment not required at the Lamaque mine, including a two boom jumbo drill, small scooptram, two small underground trucks, and multiple jacklegs are being readied for shipment to the Company's San Juan gold mine in Peru to assist in the modernization and expansion of that operation.
The milling team continues to make significant progress as they complete the modifications within the Lamaque mill facility and maintain the refurbishment on schedule. The 3,000+ tonne per day milling facility is expected to commence grinding test runs on April 8, 2010 in preparation for mill feed throughput from the stockpiled ore mined underground since March 1, 2010. As indicated earlier in the year, gold production is expected by the end of May 2010, but with the current progress both on surface and underground, the first gold pour could be brought forward if operations continue at the current rate. The engineering and operational teams continue to monitor this situation and will adjust mine plans accordingly.
Information and data received from the February 2010 exploration and definition drill program on the Bedard Dyke has assisted in the completion of the mine plan and block model for the upcoming underground development program in the Bedard Dyke zone. The current design is being reviewed by Golder Associates for rock mechanics, and the Company is currently implementing the staffing plan and services engineering and design for the project. The development crews are currently preparing to secure the ground above the Bedard Dyke portal area, level the pad in front, and finalize the purchase of the required electrical equipment. The Bedard Dyke is the second zone in the mine plan to be developed through long-hole open-stoping, which will subsequently increase the daily tonnage. The Company is currently finalizing the mine plans for the third zone, named the North Wall, which will be mined with the same method and is expected to be developed in the latter part of 2010. All three areas, Lamaque #2, Bedard Dyke and North Wall, are all accessed via the historical Sigma pit.
The Company is finalizing the upcoming 150,000 foot (45,700+ meter) exploration and definition drill program at Lamaque, which is expected to commence in May 2010 and continue over a three-year period. Historically the Sigma mine was developed to the 6,100 foot level and the Lamaque mine to the 3,500 foot level. The Company believes that the gold mineralization continues to depth beneath both areas, and historically the grade has increased as the mine was developed deeper. The onsite assay lab is now fully operational and will be essential to ensure that accurate and timely sampling from the mine stope development continues without delay, and will also play a key role in ensuring assays are received from the drill program.
Members of the environmental team are preparing plans for waste dump reclamation and expect to commence the removal of material in the second quarter of 2010. Century is taking the steps and making the required investments to minimize the visible areas of the mine from the town and to also control any potential dust from the site. The Company has also arranged the sale of approximately one million tonnes of waste material from the waste dump on site, which will be used as road material offsite by an external contractor.
Senior management continues to focus its energy on the reopening of the Lamaque gold mine. Upon the first gold pour and successful commencement of operations at Lamaque, the Company will ramp up exploration efforts on priority targets and take action on its corporate strategy of reviewing synergistic gold opportunities to take the necessary steps to becoming a mid-tier gold producer.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Margaret M. Kent, President & CEO
Caution Concerning Forward-Looking Information
Nice PR today and moving nicely.
Century is close to making another big run. They're going to be running ore through the mill soon. All upgrades are on track. There is no stopping CMM now.......
Century Reports Record Gold Production At San Juan Gold Mine In Peru
Thursday, March 25, 2010 Press Release
Century Reports Record Gold Production At San Juan Gold Mine In Peru
--------------------------------------------------------------------------------
Century Mining Corporation ("Century" or the "Company") (TSX-V: CMM) is pleased to release its Fourth Quarter Production Report for the quarter ended December 31, 2009 for its San Juan Gold Mine in Peru. The Company is planning to release its 2009 audited financial and detailed operating results in April 2010.
"The Company is pleased to see continued operating success at the San Juan Gold Mine in Peru, and we extend our appreciation to the hard working team at the minesite and to our corporate office staff in Lima. Century Mining continues to consider the interest of employees' quality of life in Peru by continuing to provide electrical power, improving fresh water and sanitary services, replacing roofs and upgrading living quarters," commented Margaret M. Kent, President & CEO Century Mining.
Fourth quarter gold production, considering in-process inventory, was 4,744 ounces (versus 3,347 ounces in Q4 2008), bringing the total for 2009 to 17,036 ounces. This is a production record for the Company at San Juan and a 19.5% increase over 2008. Site development activities at the San Juan gold mine are focused on increasing the storage capacity at the tailings embankment by an additional 10 years, defining additional gold resources for future mine planning, and expanding the annual production by 50% by 2012. The Company is currently preparing modernized equipment to send to the San Juan Gold Mine from the Lamaque Gold Mine in the latter half of 2010. Century is also reviewing multiple exploration prospects within the large 220 square kilometer land package controlled by the Company for future exploration programs planned for late 2010 and early 2011.
Production Guidance
Production guidance for 2010 at the San Juan Gold Mine has been set at 18,000 - 20,000 ounces of gold at cash costs of US$550-US$570/oz, with a subsequent increase to approximately 24,000 ounces in 2011, and to 30,000 ounces in 2012.
Boo..Down 1/2 cent to close at .435 I'm sure I'll get over it. :)
6 to 18 months gold should be higher $1200 to $1450+ and Countdown to Gold Production at Lamaque Gold Mine: 74 Days will .... hoping for the best ......
Looking for .80 to 1.20 ........... What timeframe are predicting for this? I'm certain that CMM will trade in that range, I'm just not exactly sure when?
Looking for .80 to 1.20 ...........
It's going to be a good YEAR for CMM!!!!
Yes its was a good day for CMM.........
Another good day, closed at .44. It looks to me like CMM is on the radar screen now. With gold pouring soon and a goal of 1200 tons per day targeted for May CMM is looking really good. :)
Closed at .41 today. It's creeping up there. A gold pour will send this stock for a ride.
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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
http://investorshub.advfn.com/boards/read_msg.asp?message_id=10227362
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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