GREY:CTMIF - Post by User
Comment by
Bluetickon Jul 12, 2016 6:39pm
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Post# 25046372
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:We still have Pirquitas ??
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:We still have Pirquitas ?? Also...From a June 13th 2015 artical in Seeking Alpha titled....Why did Silver Standard Resources Acquire a small Stake in Golden Arrow Resources...
Currently, SSRI owns and operates two mines:
- Pirquitas - It is an open pit mine located in the Province of Jujuy, northern Argentina. Pirquitas' Mineral Reserves (as of December 31, 2014) comprise of 40.8 million ounces of silver (of which 2.8 million ounces is stockpiled) and 59.4 million pounds of zinc. Mineral Indicated Resources (inclusive of Mineral Reserves) are estimated at 97.8 million ounces of silver. In 2014, the Pirquitas mine produced 8.7 million ounces of silver, which means life of mine of 5 years.
- Marigold - It is an open pit mine located in Humboldt County, Nevada, USA. This operation was acquired from Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) in 2014. Marigold's Mineral Reserves comprise of 2.32 million ounces of gold. Mineral Resources (inclusive of Mineral Reserves) are estimated at 4.16 million ounces of gold.
It says that Pirquitas only has enough silver left to mine there until 2019, if I am reading it correctly ! I have never read about the silver running out at Pirquitas before.It's a shame we can't get them interested in CT. But does probably mean a GOOD future for GRG.V ! I do have a good stake in GRG myself.