Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s):  GSVRF

Guanajuato Silver Company Ltd. is a precious metals producer engaged in reactivating the past producing silver and gold mines in central Mexico. It produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato. It produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, it is a growing silver producer in Mexico. El Cubo Mines Complex is a high-grade, epithermal-vein, underground precious metals mine. Topia mine is a silver-rich polymetallic mine. Its Cata processing facility has a capacity of 36,000 tons/month. Its El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located over 60 kilometers to the northwest of the Valenciana Mines Complex in the state of Jalisco. Its EL Pinguico Mine is a high-grade silver producer.


TSXV:GSVR - Post by User

Post by goldyluck1on Apr 13, 2008 10:58pm
177 Views
Post# 14966888

Junior gold miners begin to outpace majors as gold

Junior gold miners begin to outpace majors as gold

Junior gold miners begin to outpace majors as gold prices remain steady



By Alan Fein

(AXcess News) New York - Gold prices remained steady near the close of the week's session as major gold mining stocks appear to have peaked. But that's not the case with the junior gold mining companies who've yet to catch up to the market.

Gold futures for June delivery on the CMX were down 4.80 at $927 an ounce late Friday afternoon while the gold composite gave up 2.15% to trade at 1054.3 compared to the S&P 500 which fell 2.12% following GE's surprising drop in first-quarter profit.

Earlier this week, Yamana Gold (NYSE: AUY) was upgraded to 'buy' by UBS after the Canadian gold mining company released first quarter results in which Yamana produced 238,690 gold equivalent ounces in the quarter, above the prior guidance of 220,000. Yet after the Canadian major completed its merger with Nevada's Meridian Gold, it now stands as one of the few major gold mining companies that is considered a buy at this level.

Thursday, Dow Jones Newswire reported on what may be one of the top Canadian junior gold mining companies this year in following up on an AXcess News story last month. (See, "PDAC 2008 produces "Rock Star" amongst junior gold exploration mining companies").

According to Dow Jones' Brian Truscott, Consolidated Spire Ventures Ltd. (CZS.V) "has started to attract attention, which was underscored by the company's attendance at the recent Prospectors and Developers Association of Canada's annual conference in Toronto."

In Truscott's story, the Dow Jones reporter noted that "What makes this event rather unusual is the kind of geology this Canadian gold and silver exploration junior is sitting on: a low-sulphidization stockwork system that could one day lend itself to a high-tonnage, low-cost, open-pit, low-grade gold operation devoid of the normal contaminants often found in B.C. mines, such as lead, zinc and copper."

The market is now awaiting CZS' filing its NI43-101 assessment with Canadian securities regulators which will support the Company's prior drilling program in proving up its claims. Consolidated Spire Ventures property is located in the Spences Bridge Gold Belt, an area that in the past has not been known to contain gold, but if its Assessment proves accurate, it may be one of the newest finds in Canada and certainly one that has attracted the attention of many major mining companies.

Bullboard Posts