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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: rubbersoul who wrote (30758)	8/23/2011 11:08:17 AM
From: Wade	1 Recommendation Read Replies (1) of 48092

The most important part of their 2Q earning release is their expansion progress, instead of the expected earning. finance.yahoo.com "In addition to the Company's record production and profitability, management has been focused on the current expansion taking place at the La Parrilla operation. This expansion which started in December 2010 is progressing well and the expanded flotation circuit is anticipated to start production in September while the expanded cyanidation circuit is expected to begin production in November. At the Del Toro Silver Mine, steady progress is being made with the Company's newest construction project. In addition, the drilling and development program which commenced in April has begun to define a large oxide resource not previously anticipated and which will be outlined in detail in an upcoming NI 43-101 compliant economic evaluation. In the interim, the re-engineering of this construction project is underway to incorporate a cyanidation circuit of 1,000 tpd running in parallel to the already permitted 1,000 tpd flotation circuit. Foundations for this new mill are scheduled to commence to be laid in September 2011." Therefore, we should expect significant production increases start from 4Q and 1Q 2012. This stock becomes even more juicier when POS keeps on rising.

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