Past year: ▲ 95%(16.0c – 1.22 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Dec 2013drilling result▲ Good
Thirteen shallow holes over 1,144 metres at San Ignacio, then being developed for first production in the first half of 2014. Best hole ESI13-106 returned 263 g/t silver and 7.27 g/t gold over 15.81 metres true width, thicker than the 5.39 metres seen 25 metres away in 2011, supporting the company's view that high-grade pods sit inside the Intermediate Vein.
3 Dec 2013resource reserve update● Neutral
Updated resources at the producing Guanajuato Mine Complex: measured and indicated of 504,700 tonnes at 174 g/t silver and 1.65 g/t gold (4.43 million silver-equivalent ounces), with inferred of 434,000 tonnes at 140 g/t silver and 2.32 g/t gold (3.9 million ounces). Measured and indicated fell against the prior estimate while inferred rose sharply, so 2014 work shifts to converting the inferred ounces rather than finding new ones.
21 Oct 2013resource reserve update▲ Good
First resource estimate for the El Horcon project near Guanajuato: 214,402 tonnes of inferred material at 3.22 g/t gold, 68 g/t silver and 2.36% lead, from a 24-hole, 2,156 metre drill program. Small, but close to surface and within trucking distance of the existing Guanajuato mill, so the company is permitting further drilling with the aim of making it a satellite feed source like San Ignacio.
