Great properties and growing production Silvermex:
- 2012: The La Guitarra mine operates at 320 tpd, which on an annualized basis is approximately 800,000 oz Ag Eq.
- YTD cash costs Q3: $7.74/oz
- Shares Fully Diluted: 299,113,690
- share price: $ 0,495
- market capitalization: $150 million
- Cash on hand of $14 million and working capital of $24.6 million
- Existing silver and gold production
- Cash flow positive
- Aggressive production growth strategy (organic & M&A)
- Potential low-cost expansion from numerous projects
- Extensive infrastructure in place
- Substantial land position in Mexico
- Cash flow from operations at La Guitarra will fund the exploration programs at Silvermex’s various projects, protecting the treasury and avoiding further dilution, while creating an attractive growth profile that will deliver future value for shareholders
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Estimated Revenue 2012 La Guitarra first mine, operates at 320 tpd:
- [800,000 oz Ag/year] * [silver price 35 $/oz] = $28 million
- [4,000 oz Au/year] * [gold price 1500 $/oz] = $4 million
Total = $32 million
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November 09, 2011
Silvermex's La Guitarra Mine Achieves Full Capacity of Production Ahead of Schedule
...In July, the mill operating schedule increased from four days to seven days a week and by the end of September had reached full capacity at an average of 320 tons per day ("TPD"). Full capacity is expected to be reflected in full in Q4 2011 production and financial results....
...Regarding the Q3 2011 production results, Duane Nelson, CEO of Silvermex, stated: "Now that we have the mill operating at full capacity we are able to focus our attention on increasing production. Our primary focus is to continue the advanced exploration and in-fill drilling on the identified potential production centers within close proximity to the mill. We are confident that the district will provide Silvermex with an attractive production growth profile due to the potential of multiple satellite production centers similar to the current La Guitarra mine."
https://www.silvermexresources.com/s/newsreleases.asp?ReportID=489889
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November 21, 2011
Initial Surface Drill Results Intersect High Grade Mineralization at Silvermex's La Guitarra Project
..."Management is pleased with the initial results of the current surface drill program," commented Duane Nelson, CEO of Silvermex. "This program has been very successful in complementing the results of previous drilling and has helped to improve confidence in vein continuity and grade, as many of the previous holes were widely spaced. Additional drilling is justified both along strike and to depth and is currently in progress". The program confirms that significant mineralization at Jessica continues to be encountered over a strike length of at least 300 m.
Highlights from the drill results include 1.69 m of 4.32 g/t Au and 424.6 g/t Ag in Hole CO-14, 0.88 m of 7.99 g/t Au, 424.2 g/t Ag and 1.05 m of 2.00 g/t Au, 813.9 g/t Ag in hole CO-16...
...The soil geochemical program has also defined several previously unknown targets that will be drilled in 2012. To date results have been received for 1,716 samples, which were collected in the Coloso Area and over the La Guitarra Mine. Strong multi-element (Au, Ag, As, Sb, Hg, Tl)...
https://www.silvermexresources.com/s/newsreleases.asp?ReportID=491667