Orofino Gold Corp. (ORFG.PK) is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world.
To this end Orofino Gold Corp. has signed an option agreement to acquire several properties in Colombia.
Orofino Gold Corp. competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities.
In addition, Orofino Gold Corp. has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia.
The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment.
These properties are in areas of known gold reserves, low production costs and multi million ounce potential.
**At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces.
All production has been Artisanal (small miners) in nature and production continues to this day.
With the frequent occurrence of the very high grade gold vein systems in the central area of Orofino Gold Corp. Senderos de Oro project and with several small scale grinding and amalgamation mills in-place Orofino Gold Corp. is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.
Orofino Gold Corp. shares closed friday at $0.08
For more information about this company please visit http://www.orofinogold.com/
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is a leading international mining company with headquarters in Phoenix, Arizona.
FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.
In addition, FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.
**FCX Reports Second-Quarter and Six-Month 2010
Net income attributable to common stock for second-quarter 2010 was $649 million, $1.40 per share, compared with net income of $588 million, $1.38 per share, for second-quarter 2009.
Net income attributable to common stock for the first six months of 2010 was $1.5 billion, $3.40 per share, compared with $631 million, $1.54 per share, for the first six months of 2009.
Freeport-McMoRan Copper & Gold Inc. shares closed friday at $70.07
For more information about this company please visit http://www.fcx.com
Silvercorp Metals Inc. (NYSE:SVM) is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada.
Silvercorp is the largest primary silver producer in China through the operation and development of four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China.
The company is also applying for a mining permit at the GC property in the Guangdong Province to establish a second base for production in China.
Additionally, Silvercorp recently acquired the Silvertip project in northern British Columbia, Canada, as an additional platform for growth and geographic diversification.
The Company’s shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.
**Silvercorp Metals Inc. (“Silvercorp” or the “Company”) reported its unaudited financial and operating results for the first quarter ended June 30, 2010 (“Q1 2011”).
For the first quarter of fiscal 2011, Silvercorp recorded net earnings of $14.1 million, or $0.09 per share, an increase of 88% over the earnings of $7.5 million, or $0.05 per share, in the same quarter last year.
Net earnings improved primarily due to higher metal production and higher realized selling prices.
**Silvercorp Metals Inc. Board of Directors has declared its first fiscal 2011 quarterly dividend of CAD$0.02 per share, to be paid on or before October 21, 2010 to shareholders of record at the close of business on September 30, 2010.
Silvercorp Metals Inc. shares closed friday at $6.84
For more information about this company please visit http://www.silvercorpmetals.com/
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