ECPN production/revenue announcements through the ages and ages,
May 13, 2004 El Capitan Precious Metals Inc. President Chuck Mottley stated, "Our preliminary tests on the settlement ponds and tailings at the COD mine show great potential for immediate cash flow. We expect to be in production in the next 30 to 60 days."
July 28, 2004 El Capitan Precious Metals, Inc. (the "Company" or "ECPN") (OTCBB:ECPN) announced today that it has signed a new non-binding letter of intent with Asia Finance Corporation ("AFC") to deliver up to 3 million tons of iron ore per year
April 18, 2005 In this second quarter of 2005 we expect to be in production with a positive cash flow from our "high-grade silver" project in Nevada.
Oct. 24, 2005 We are very close to a major event that I believe will make us a major contributor to the future needs of the world.
October 05, 2011 the facts are compelling. The company has an extraordinary asset in the form of a surface minable measured reserve of 141 million tons consisting of 1.2 ounces of gold equivalent or better per ton.
September 25, 2014 announced today that it has reached a final agreement for the sale of precious-metals-rich tailings from the El Capitan mine to a Hong Kong-based trading company. the Company expects to see positive cash flow in Q1 of its fiscal year, which is Q4 of the 2014 calendar year.
December 16, 2014 In completing its transition from an exploration company to an operating mining company, El Capitan Precious Metals, Inc. (OTCBB: ECPN) has achieved its most significant milestone. The Company reports that it has begun transport for delivery of its precious metals concentrates.
March 23, 2015 The impact of the disruption will delay revenue into the quarter beginning in April 2015, with the result that Projected Pre-Tax Profit for 2015 booked on an accrual basis in accordance with Generally Accepted Accounting Principles (GAAP) is revised to $2.4 – 3.0 million, with positive cash flow occurring in the quarter ending June 30.
May 11, 2015 today reported that, as a result of a meeting between the ECPN Board of Directors and senior management of Logistica US Terminals LLC, its contract mining partner, the Company is moving forward with a plan that will enable it to meet performance projections announced in March of this year.
October 06, 2015 ECPN) announced today that it has realized the first payment on a large purchase order for the sale of high-quality iron ore. This revenue represents the beginning of what Company officials believe will be an on-going revenue stream—and this operating cash flow, in effect, transitions the Company from an exploration company to a mining operations company.
November 19, 2015 ECPN) announced today that it has reached a long-term agreement for the sale of iron ore that will commence in December. It is expected that this new agreement will result in the sale of approximately 45,000 tons of iron ore over the next 12 months.
January 22, 2016 Under its existing permits, El Capitan will commence sales this month, to the extent that weather permits. The plan calls for the rate and size of shipments to increase over the next several months.
February 16, 2016 “A June Shareholder Meeting,” said Stapleton, “will enable us to deliver specifics on the positive cash flow that is expected to result from the sale of iron ore and precious metals concentrates over the next several months.”
May 31, 2016 ECPN) announced today that its contracted processing agent, Logistica U.S. Terminals, LLC, has placed in excess of seven tons of precious metals concentrates into a bonded COMEX warehouse in the name of El Capitan Precious Metals, Inc. The warehouse receipt demonstrates the value of the concentrates to be $3.7 million.
