'RE: RE: tmm "Unless they have an already producing gold mine, at a reasonable price like Capital Gold was, I don't see them buying another junior explorerer."
NWM is in production and would be a good fit for TMM, I think. Their current market cap is under $30 mil.:
PRESS RELEASE
FOR IMMEDIATE RELEASE TSX Venture Exchange
April 11th, 2012 Symbol: NWM
NWM produces 4,761 oz. Au in Q1.2012
TORONTO, ON - NWM Mining Corporation (the “Company” TSX-V: NWM) is pleased to provide an
operational update for the first quarter of 2012, and to announce the declaration of commercial production at the
Lluvia-Jojoba gold mine. The mine is now commissioned and cash-flow positive, and a ramp up of throughput
is expected to continue in accordance with 2012 mine operating plans.
During the quarter ended March 31 (Q1.2012), 746,937 tonnes of ore were mined from the Creston pit of Lluvia
de Oro and stacked on leach pads for gold recovery. This ore contained 9,859 ounces of gold, of which 5,915
ounces are expected to be recovered. Cash costs for the 2,991 oz. of gold produced in the months of January and
February were calculated to be $ 1,235 USD/oz. Au. Cash costs per oz. of gold produced are expected to be
reduced going forward as production rates increase toward target levels.
During the quarter the Company sold 4,100 ounces of gold at a weighted average price of USD $ 1,640 for total
proceeds of USD $ 6,725,735. At the end of the quarter there were approximately 1,137 additional ounces of
gold which had been poured and transported for refining at Johnson Matthey in Salt Lake City, Utah.
“Commercial