SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Century Mining Corporation
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: John McCarthy5/17/2006 11:18:28 AM
   of 545
 
Parsing the most recent news release about Peru:

Future exploration in Peru:

The Company will commence an exploration program to evaluate four targets:

Santa Clarita,
Lily-La Huaca,
Erika
and Golden Champune,

and will select the target that shows the best prospects for immediate addition to resources. The Company will also examine its newly acquired surrounding land position for exploration opportunities

Planned Production:

The Company has budgeted the following gold production from the San Juan gold mine:

2006 - 5,000 ounces at an estimated cash cost of approximately US$250 an ounce;

2007 - 20,000 ounces;

and 2008 - 80,000 ounces.

Note:
Still unclear to me as to whether the number's above
refer to CMM's 60% share of production or the total
consolidated production.

Buying into the 40% we don't own

Finally, this blurb was posted on SH and represents
a response from CMM IR to a stockholders question:

>>>>>>>>>>>
CMM is working right now in buying back the shares from miners who want to sell for the same price as CMM purchased the 60%.
>>>>>>>>>>>

If I read it right, we are trying to buy into the 40%
that the Peruvian miners own.

stockhouse.ca

regards,
John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News