San Bartolome - Leading Coeur's Next Generation in Silver -
Leading Coeur's new growth in silver is San Bartolome,
the largest new primary silver mine to be built in
the Americas in decades.
With construction underway, this major Bolivian silver mine
is scheduled for annualized production -
of more than 8 million ounces of silver.
Construction of the open pit milling operation and processing
facility is expected to cost approximately $174 million.
The new facility could be completed near the end of 2007,
with commercial production beginning in January 2008.
Cash operating costs are anticipated at $4.00 per ounce
in the initial years, which at recent market prices would
generate significant cash flow for the Company.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits,
or pallacos, which lend themselves to simple, low-tech
surface-mining techniques.
Of the several pallaco deposits which are controlled by
Coeur and surround Cerro Rico mountain,
three are of primary importance and are known as
Huacajchi,
Diablo (consisting of Diablo Norte, and Diablo Este) and
Santa Rita.
The facilities will be located near established industrial
infrastructure in the historically silver-rich area of
Potosí, Bolivia,
where more than two billion ounces of silver have been mined.
The building of the new mine -
is expected to generate as many as 1,000 local jobs
during construction, and
approximately 200 full-time jobs during operations.
The project will also establish a foundation, called
Fundespo,
to assist in the development of new local industries,
such as silversmithing and tourism -
CDE - Mission -
God Bless
http://www.investorshub.com/boards/board.asp?board_id=5406
Leading Coeur's new growth in silver is San Bartolome,
the largest new primary silver mine to be built in
the Americas in decades.
With construction underway, this major Bolivian silver mine
is scheduled for annualized production -
of more than 8 million ounces of silver.
Construction of the open pit milling operation and processing
facility is expected to cost approximately $174 million.
The new facility could be completed near the end of 2007,
with commercial production beginning in January 2008.
Cash operating costs are anticipated at $4.00 per ounce
in the initial years, which at recent market prices would
generate significant cash flow for the Company.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits,
or pallacos, which lend themselves to simple, low-tech
surface-mining techniques.
Of the several pallaco deposits which are controlled by
Coeur and surround Cerro Rico mountain,
three are of primary importance and are known as
Huacajchi,
Diablo (consisting of Diablo Norte, and Diablo Este) and
Santa Rita.
The facilities will be located near established industrial
infrastructure in the historically silver-rich area of
Potosí, Bolivia,
where more than two billion ounces of silver have been mined.
The building of the new mine -
is expected to generate as many as 1,000 local jobs
during construction, and
approximately 200 full-time jobs during operations.
The project will also establish a foundation, called
Fundespo,
to assist in the development of new local industries,
such as silversmithing and tourism -
CDE - Mission -
God Bless
http://www.investorshub.com/boards/board.asp?board_id=5406
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