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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Claude Cormier who wrote (62829)1/12/2009 11:13:56 PM
From: hubris33  Read Replies (2) of 78418
 
Well if we are talking about increased production in a couple of years I'll bet on SMC to finish its 80,000 opy mine sometime this year, now that its balance sheet is in better shape with the LRR merger. [That will put SMC at 130,000 opy from 2 mines] Sounds like it did a respectable 41,500 oz in 2008 at its Limon Mine, but needs to lower the cash costs of 610 and total cash costs of 658 in 3Q2008.

I like the management team of SMC and they seem to have the financial backing of Forbes & Manhattan.

fwiw

H3
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