Endeavour Silver Peak Secures deposits

Endeavour Silver Peak Secures deposits

17.04.2012 Vancouver – The Canadian precious metals producer wants to expand further. And to achieve this goal, could incorporate the company recently launched a very promising mine and an exploration project.

For, as was recently announced, the company takes over two deposits of gold Aurico. A corresponding final agreement has been signed by both companies. Specifically, it is the silver-gold-El Cubo mine in Guanajuato State and the exploration project in the state Chiuahua. And this may well be worthwhile for Canadians. After all, it has at least been producing mine in the.

Abundant deposits

Because in the first quarter of this year produced the El Cubo Mine 209.440 Troy ounces of silver and 4.543 Troy ounces of gold. Proven and probable reserves are in the deposit 18,5 Million troy ounces of silver and 322.000 Troy ounces of gold. The indicated resources are now estimated at 8,3 Million troy ounces of silver and 269.000 Troy ounces of gold. In addition, inferred resources are equal to 26,7 Million troy ounces of silver and 548.000 Troy ounces of gold. As the company announced further, If the purchase price moves up to 250 Million dollars. The company is reportedly soon to enterprises first of all 200 Million dollars in common stock and paid in cash. Upon completion of the acquisition of Endeavour Silver is gold Aurico make further cash over three years. Overall, the total amounted to up to 50 Million dollars.

The growth rate of the company takes so slow to take shape. The deposits in the previously producing mine likely to advance the Canadians to reach the goal more. Therefore, the company could earn a timeframe of several years, good money, what are likely to enjoy the investor.

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply