Rochester Resources Ltd V.RCT

Alternate Symbol(s): RCTFF

Metals & Mining Industrial Metals & Minerals

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.

TSXV:RCT - Post by User

Rochester Resources Ltd

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Post by RCTon Jun 11, 2013 6:07pm

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Post# 21527463

How much money is Rochester Resources losing?

Total costs to mine silver are much higher than the industry is putting out in their financial statements. With the current low price of silver below $22, the majority of primary silver producers are losing a great deal of money. According to my calculations of my top 12 silver miners only ONE is making a little money...