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  • June 25th 2011 Press Release

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    REGINA
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    The document discusses a mining company's flagship Corani Project in Peru. It contains over 500 million ounces of silver, including 330 million ounces in reserves. A feasibility study estimates the Corani Project will produce an average of over 13 million ounces of silver per year for the first five years of its 20-year mine life, with extremely low production costs and quick payback of capital costs. The Corani Project represents approximately 89% of the company's value based on reserves when also considering credits from other metals, and 80% of the value based on silver alone. The Corani Project is advancing towards obtaining permits and beginning construction.

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    HGHG

    Original Title

    COOORANI

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    The document discusses a mining company's flagship Corani Project in Peru. It contains over 500 million ounces of silver, including 330 million ounces in reserves. A feasibility study estimates the Corani Project will produce an average of over 13 million ounces of silver per year for the first five years of its 20-year mine life, with extremely low production costs and quick payback of capital costs. The Corani Project represents approximately 89% of the company's value based on reserves when also considering credits from other metals, and 80% of the value based on silver alone. The Corani Project is advancing towards obtaining permits and beginning construction.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    June 25th 2011 Press Release

    Uploaded by

    REGINA
    The document discusses a mining company's flagship Corani Project in Peru. It contains over 500 million ounces of silver, including 330 million ounces in reserves. A feasibility study estimates the Corani Project will produce an average of over 13 million ounces of silver per year for the first five years of its 20-year mine life, with extremely low production costs and quick payback of capital costs. The Corani Project represents approximately 89% of the company's value based on reserves when also considering credits from other metals, and 80% of the value based on silver alone. The Corani Project is advancing towards obtaining permits and beginning construction.

    Copyright:

    © All Rights Reserved
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    disclosure from June 25th 2011 press release) contain more than 500 million ounces of

    silver of which over 330 million ounces are in reserves providing near-term production
    potential and excellent leverage to silver prices. The feasibility study for the flagship Corani
    Project estimates average annual production of over 13 million ounces of silver (plus lead
    and zinc credits) for the first five years of a 20-year mine life, with extremely low cash costs
    and fast payback of capital costs. Corani represents approximately 89% of the Company's
    value on a reserve basis considering the recovered base metals credits and 80% of the
    value on a pure silver basis. Corani is proceeding towards permitting and construction

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