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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (62915)	1/18/2009 3:14:30 PM
From: marcos	Respond to of 78412

Genco has been a real disappointment, all the squabbling and feeble performance ... i had expected to get back in, recall crossing fingers that it would spike down to as low as 2.00, lol ... seems so long ago now 'I find EDR is the better communicator' - right, a negative way to say that is to call them promo artists, but in fact it's essential to get attention, and they do that ... most all of the small silver plays have delivered less metal to date than the optimistic looks ahead of '05 were suggesting, so they're not alone in this regard ... still, compare their results with those of usa.v - 'Operations were temporarily disrupted in November due to the reduction in force and release of contractor groups, as reported in Stockwatch Nov. 3, 2008. However, the No. 3 circuit in the Galena mill was activated on Nov. 6, 2008, and has been operational since that time. This gives the Galena mill a capacity of 900 tons per day. That, combined with improved mine production, allowed the company to produce 496,041 ounces of silver in the fourth quarter, including a U.S. Silver record of 248,223 ounces of silver in December, 2008. The Galena mill has been processing both copper/silver and lead/silver ores. The Coeur mill has been placed on standby, providing some cost savings.' stockwatch.com Now the 248k ozs Ag level of december may not last, they may have been milling stockpiles of higher grade or something, don't know ... but at that level they're doing better than edr.to, a company with five times the market cap [edit] - note that for december usa.v says 248k ozs silver, not AgEq, presumably they have considerable [and unstated] copper and lead production as well ... while edr.to is saying 2.95m ozs AgEq for '08, they may have base metal credits as well to put against costs, don't know ... anyway, five times the market cap ...