Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

Candelaria Mining Corp. is a Canada-based precious metals focused exploration and mining company. The Company is engaged in two gold projects in Mexico: the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned advanced-exploration stage Caballo Blanco project located in the state of Veracruz. The Pinos Project is situated in the central part of the Mexican Republic, adjacent to the municipality of Pinos, in the south-eastern portion of Zacatecas. The Project is approximately 80 kilometers (kms) west from the city of San Luis Potosi and approximately 140 kms east from Zacatecas, the State capital. It consists of around 3,816 hectares comprising over 29 concessions. The Caballo Blanco Project is situated on the eastern coast of Mexico in the state of Veracruz, around 65 km northwest of the city of Veracruz. It covers over 9,650 hectares (ha) comprising over 14 contiguous mining claims. Its subsidiary is Minera Apolo SA de CV.

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Candelaria Mining Corp

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Post by canagoldon Nov 30, 2011 11:57am

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Post# 19279070

Gold Producers Poised Like ‘Coiled Spring’ to Rall

https://www.bloomberg.com/news/2011-11-30/gold-shares-cheapest-since-2002-are-coiled-spring-for-rally-commodities.html
Gold mining stocks are trading attheir cheapest level in at least nine years even as theindustry’s profits are estimated to almost double this year andbullion trades close to its historic high.
The benchmark NYSE Arca Gold BUGS Index (HUI) that includesBarrick Gold Corp. (ABX), Newmont Mining Corp. (NEM) and AngloGold AshantiLtd. ended last week at 17 times earnings, the lowest since atleast November 2002 and below a five-year average of 37 times.
Good for ABX and producers and maybe CAN too!

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How a junior advances one of the largest undeveloped diamond projects