SILVERSTONE RESOURCES CORP. is a growth-oriented silver and gold mining company with 100% of its revenue from the sale of precious metals. The company reported 2008 silver sales of approximately 1.7 million ounces and is forecast to increase to up to 4.6 million silver equivalent ounces* in 2009.
The company has long-term agreements in place with Capstone Mining, Lundin Mining, MTO Holdings, and a convertible debenture with Aquiline Resources.
* Silver equivalent ounces are calculated by using a ratio of 1 ounce of gold is equivalent to 70 ounces of silver.