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Thursday, May 03, 2007 9:12:53 PM
MNEAF
Allen Ambrose, President and CEO of Minera Andes Ltd. (TSX-V:MAI) (OTCBB:MNEAF) tells us that his company should be producing 3.1 million ounces of silver, as well as 61,000 ounces of gold, per year once its San Jose mine in southern Argentina starts up in mid-2007. "It's one of the emerging silver/gold regions within Argentina," Mr. Ambrose tells Santorelli, noting that one of the world's largest silver producers, Hochschild Mining Plc (LSE:HOC), has endorsed the San Jose project by coming in as operating partner. "At current metals prices, the internal rate of return is over 70%."
Allen Ambrose, President and CEO of Minera Andes Ltd. (TSX-V:MAI) (OTCBB:MNEAF) tells us that his company should be producing 3.1 million ounces of silver, as well as 61,000 ounces of gold, per year once its San Jose mine in southern Argentina starts up in mid-2007. "It's one of the emerging silver/gold regions within Argentina," Mr. Ambrose tells Santorelli, noting that one of the world's largest silver producers, Hochschild Mining Plc (LSE:HOC), has endorsed the San Jose project by coming in as operating partner. "At current metals prices, the internal rate of return is over 70%."
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