Golden Prospect Precious... Share Discussion Threads

[energiser01] 18/4/2012 15:15

Update - Fresnilo.

Full Rel @

Interim Management Statement and Production Report

for the three months ended 31 March 2012

Overview

· Noche Buena commenced first commercial gold production within time and budget in March.

· Quarterly attributable gold production above expectations and an increase of 26.3% to 121,792 ounces compared with 1Q 2011.

· Quarterly attributable silver production of 9.8 million ounces, including the Silverstream, on target with a small decrease of 2.9% when compared with 1Q 2011.

· Construction of the dynamic leaching plant at Herradura remains on track to become operational in 2013.

· Good progress of exploration programme and development workings at San Julián, Orisyvo and Centauro Deep.

· Entered into an association agreement with Canadian listed miner, Orex Minerals to explore and develop as one large project each company's adjacent mineral concessions in Coneto, Durango.



Jaime Lomelín, Chief Executive Officer, said:

"The strong operational performance that Fresnillo enjoyed in 2011 has continued into 2012. We have delivered another strong quarter of production with gold beating our expectations, up more than 26%, and silver production in line. As operators, we continually manage and adjust our operations to ensure our production profile is optimised to extract the maximum value from our portfolio. In the case of our gold production, we optimised our mine plan in order to take advantage of the high gold prices.

The highlight of the quarter has been the completion and commissioning of our new gold mine at Noche Buena in the Herradura district. We are particularly pleased that this was accomplished on time and within budget. Commercial production began in March and the mine will produce around 42,000 attributable ounces of gold per year once it reaches its full capacity which we expect to occur by the end of this year. This will significantly increase the proportion of gold production within our portfolio. We believe this is another strong example of the company delivering on its growth ambitions and represents a step forward to consolidate Fresnillo's position as a significant gold producer in its own right."

dyor etc..

[weyweyumfozo] 16/4/2012 19:54

Annual Report:

[weyweyumfozo] 05/4/2012 14:15

Thanks Mozy,

it's my first buy. There's a bit of a support line at the current level. Also, I don't see gold going anywhere near the $700 level of late 2008, so I'm confident this will not go anywhere near 20p, although a further drop of 40p is possible. Very hard to predict. Maybe best to buy in batches over the next few months.

[mozy123] 05/4/2012 14:06

Wey, good luck, its trading at a discount to Nav thats for sure. Im waiting with extra money (never sold any of my GPM)

I will probably wait until the run up to the presidential elections in the USA as QE will be needed before to buy the votes of the sheeple.

I might be tempted to add a few in the new ISA season, as you cant go wrong with GPM in my opinion - its very well run.

[weyweyumfozo] 05/4/2012 14:02

That's me in for 2000 today - I hope not too much averaging down will be required.

[wizard7] 29/3/2012 21:22

GPMS - options to buy GPM shares at £1.30 in 2014.

[weyweyumfozo] 29/3/2012 18:29

I give up with the chart!

[weyweyumfozo] 29/3/2012 18:22

Not a great help if one is looking a buy, but worth a look:



Accompanying comment re. gold chart:

"Gold is not broken, merely in a pullback. See the other chart for more. We are VERY tempted to punt long here, but intend to hold out for The Green for at least the beginning of the new week."

[dupree] 29/3/2012 18:13

Hi

I know what GPM is. But what is GPMS as listed in todays biggest fallers? Grateful to be enlightened
dupree (diamond blues)

[mozy123] 29/3/2012 14:09

This has seriously jumped out of bed. Very annoyed to be honest. But thats investing.

[wizard7] 28/3/2012 15:54

Me too - this is daftly overdone.

[mozy123] 28/3/2012 15:42

Going to be finding some more money to add here soon. HUI at 470 is far far too cheap.

[wizard7] 28/3/2012 10:35

ITs discounts can vary considerably though - given the continued battering of miners it is tough but consistent with sentiment. Hopefully that will change at some point this year.

I guess the GPMS are a a really good buy now! NAI etc

[mozy123] 28/3/2012 10:16

Quite amazing how this has lost its par with its Nav.

[mozy123] 27/3/2012 09:20

Nav valued at 98.30p when the HUI was at 466 on the 23rd.

Hui closed at 482 yesterday or a 3.433% increase

98.30*1.03433 = 101.67p

I estimate the Nav currently as 101.67p along way above the 92p trading at today

[wizard7] 27/3/2012 08:15

spread is awful on TDW...

[tonsil] 27/3/2012 00:10

Mozy
please post nav insight

[wizard7] 26/3/2012 17:35

Time to buy

[energiser01] 20/3/2012 11:34

Update - Regis Resource (no3 @ 6.7% of NAV on 29/2/12)

Not the best night for AUS stocks, given the tax etc. etc. situation, but once the dust settles.

Regis slipped this update into the directors option sales. Costs going down,more ounces being produced and new mine on track, all sounds like positive news going forward. Get that share price trajectory back on track after recent breather/consolidation.

full rel @

The Company has previously given gold production guidance for the Moolart Well Gold Mine for the year ended 30 June 2012 of 95,000 - 105,000 ounces at a pre royalty cash cost of A$498 per ounce for the half year ended 31 December 2011 and is on target for annual gold production towards the top end of the guidance range at a cash cost at the lower end of the guidance range. The construction of the Garden Well Gold Mine is on schedule for commissioning and commencement of operations in the September 2012 quarter as previously advised to the market.

dyor etc..

[wizard7] 16/3/2012 08:02

A bit bleedin miserable here...

[energiser01] 07/3/2012 09:42

Update gryhon minerals

some v.good grades

Full release @

High Grade Mineralisation at Nogbele Deposit,
Banfora Gold Project, Burkina Faso Highlights
 Ongoing shallow drilling highlights further high grade mineralised gold zones at the Nogbele Deposit, Banfora Gold Project.
 Results include: BNRC2945 16m @ 8.61g/t gold from surface
BNRC2928 17m @ 6.85g/t gold from 22m
BNRC2934 20m @ 4.45g/t gold from 40m
& 12m @ 1.47g/t gold from 76m
BNRC2619 20m @ 3.94g/t gold from 64m
BNRC2788 12m @ 4.24g/t gold from 112m
BNRC2522 12m @ 4.00g/t gold from 144m
BNRC2399 7m @ 10.98g/t gold from 95m
BNRC2944 4m @ 16.37g/t gold from 72m
BNRC2419 2m @ 94.29g/t gold from 123m
 Infill and step out drilling has targeted multiple parallel, shallow and outcropping mineralised zones; many of which have a significant oxide component. Mineralisation at the Nogbele Deposit remains open along strike and at depth.
 Next resource estimate calculation on track for the second quarter CY2012 will incorporate all drilling results.
 Definitive Feasibility Studies based on a 3.5mtpa operation for 200,000oz gold on track for delivery in the third quarter CY2012.
 It is anticipated that the shallow nature of these drill results will be significant in the "starter pit" designs of the Definitive Feasibility Studies.
 A total of eight drill rigs currently turning at the Banfora Gold Project with further results from Nogbele, Samavogo, Stinger and satellite targets expected shortly.
Gryphon Minerals Limited (ASX:GRY) is pleased to announce infill and step out RC and DD drilling results from the Nogbele Deposit and its planned gold processing plant, at the Company's flagship Banfora Gold Project in Burkina Faso, West Africa.
Gryphon Minerals Limited, Managing Director Steve Parsons said "These latest drill results from the Nogbele Deposit demonstrate the shallow and outcropping nature of the high grade zones, which of course will be significant in the "starter pit" designs of the Definitive Feasibility Studies on track for the third quarter of this year".
Parsons added "With eight rigs now turning onsite and the Definitive Feasibility Studies well underway, the focus remains on rapidly advancing the Banfora Gold Project".

dyor etc..

[energiser01] 07/3/2012 09:33

Update Resolute

Full Rel @

7 March 2012
RESOLUTE TO ACQUIRE FULL OWNERSHIP OF
FINKOLO JOINT VENTURE
· Resolute to acquire remaining 40 per cent of Finkolo Joint Venture from
Endeavour Mining Corporation for US$20 million cash
· Tabakoroni deposit within Finkolo contains a total of 608,000oz (Measured
and Indicated) and 219,000oz (Inferred) gold resources located 40km
south of Syama processing plant
· Strategic and cost effective acquisition of these additional gold resources
to be fully funded from existing cash reserves
· Acquisition will further support Definitive Feasibility Study for oxide circuit at Syama due for completion in March quarter with potential to increase
annual output by 70,000oz

dyor etc...

[mozy123] 29/2/2012 13:07

Fresnillo on a blinder the last few trading sessions.

I suspect the NAV is close to 117p at the mo.