MGMX - Gold & Silber Aktie ready to roll - 500 Beiträge pro Seite

[iknowtheway]

The company's target areas are primarily South and Central America, along with entering the North American market. MGM Mineral Resources produces a mine by the name of "La Esperanza," which is located in the town of Segovia in the province of Antioquia, Colombia.

It is MGM's goal to be a world, first-class mining company with efficiency in all areas, not only profits, but of the employees' well-being, social aid, and environmental management. The company's long-term goal is to expand and consolidate with the acquisition of other rich mines.

MGM's Colombian connections date back various generations which will allow it to assemble a world-class property portfolio years ahead of what could be accomplished and gained by outsiders. Plus, the company's initial mine, "La Esperanza," is strategically located and will be subject to year-round exploration and mining.



La Esperanza Facts

Proven reserves: 1,080,000 tons of gold-silver bearing material (400,000 m3 x 2.7 ton/m3) with dimensions of 1,000 m in length and a width of 0.8 m and an average of 0.8037 troy ounces of gold and 0.9645 troy ounces of silver per ton.

Probable reserves: 1,620,000 tons of gold-silver bearing material
with 1,080,000 tons located in an inferior block with the same dimension of the last one, plus another adjacent block of 540,000 tons located in the east. The total amount of probable reserves of material is 1,620,000 tons, assuming the same average of 0.8037 troy ounces by ton of gold.

[iknowtheway]

Sector rotation
Heute Oil stocks wie FPPL und die nächsten Tage geht es wider bei Gold stocks ab...

[iknowtheway]

Behaltet die Aktie für den Rest der Woche im Auge

[iknowtheway]

http://www.positionplays.com/mgmx.html

[iknowtheway]

MGM Mineral Resources Completes Acquisition of La Esperanza Mine in Colombia's Highest Yielding Gold Zone
Gold Company to Modernize Operations and Maximize Production of Newly Acquired Mine
Metro Gold Mines Mineral Resources Inc. (OTC: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, announced that it has completed the acquisition of La Esperanza gold mine. La Esperanza is located in Segovia, the richest, most gold-bearing municipality in Colombia.

There are proven multi-million ounce deposits of rich gold under Colombian soil. Colombia is the highest-yielding nation in South America, having produced more than 125 million ounces of gold. But it is also the most under-explored and under-developed. With the notable exception of neighboring Frontino Gold Mines LTD -- which has produced over 5 million ounces of gold in the Segovia area -- the majority of local miners have not had the resources or technology to sustain maximum production.

MGM Mineral Resources is working to modernize operations and maximize profitability of La Esperanza mine, which is located within the province of Antioquia where between 60 and 80 percent of the nation's gold is produced. Through partnerships with local and federal government authorities and the surrounding communities, the company is ramping up the mine to achieve full production capacity. MGM Mineral Resources believes it can significantly accelerate the extraction process, increase overall productivity and lower production costs.

"MGM Mineral Resources has been working to acquire La Esperanza since its inception and it is extremely gratifying to see this exceptional property become part of our portfolio," said Ken Lamb, President of MGM Mineral Resources. "The Company is very excited about La Esperanza's prospects and would like to thank Mr. Jairo Giraldo, our CEO, for orchestrating this acquisition. Mr. Giraldo is a highly respected figure in the Colombian mining community with more than 40 years of proven experience in the industry. Due in large part to his hard work, close relationships with government and industry officials and excellent reputation we are able to embrace this opportunity."

"We are working on releasing the results of our geology reports, which will outline just how extensive a project this mine will become," said Chairman and CEO Jairo Giraldo. "La Esperanza is located within our country's richest gold zone. We are highly pleased with what we have seen so far. We believe this acquisition has the potential to significantly improve our bottom line and increase shareholder value."

[iknowtheway]

Monster Umsätze heute. Looking good imo

[iknowtheway]

http://www.smallcapvoice.com/mgmx/mgmx-5-4-06.html

[Kleiner_Bruder]

hi,....was iss den dass?



grüss dich aus holand

[gweschl]

...schiebt sich da noch was oder ist das Pferd tot...???