Rohstoffthread / CCG-Hauptthread

NovaGold Files Replacement Preliminary Base Shelf Prospectus

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2011) - NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG), consistent with normal market practice, is moving to replace its current short form base shelf prospectus originally filed on December 30, 2009, and which expires on January 30, 2012. As such, it has today filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec, and a corresponding registration statement with the United States Securities and Exchange Commission.

The shelf prospectus, when made final, will enable the Company to make offerings of debt securities ("Debt Securities"), preferred shares and common shares ("Equity Securities"), warrants to purchase Equity Securities and warrants to purchase Debt Securities, share purchase contracts and share purchase or equity units (collectively, the "Securities") or any combination thereof up to an aggregate initial offering price of US$500 million during the 25-month period that the final short form base shelf prospectus remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and as set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include, public offerings, at-the-market transactions, private transactions, or strategic investments. Each prospectus supplement will contain specific information concerning the use of proceeds from that sale of Securities.

A registration statement relating to these Securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

A copy of the preliminary short form base shelf prospectus and any shelf prospectus supplements that may be filed in the future may be obtained from the Company's Corporate Secretary by emailing info@novagold.net or directing a request to NovaGold at Suite 2300, 200 Granville Street, Vancouver, British Columbia, Canada, V6C 1S4, telephone 1-866-669-6227, Attn: Corporate Secretary.
 
Mexivada Mining Corp.: Private Placement With the MineralFields Group Closed

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/16/11 -- Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) -

The Company is pleased to announce it has closed a private placement for a total of 7,000,000 units, at $0.10 per unit, with the MineralFields Group of Companies to raise gross proceeds of $700,000.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units and any shares issued upon exercise of the finder's options, are subject to resale restrictions expiring on April 17, 2012.

The Company intends to use the proceeds from the private placements to conduct exploration activities on its properties in the Timmins-Matheson gold region, Ontario.

The Company is very pleased with its ongoing relationship with the MineralFields Group, said Richard Redfern, President and CEO. The Company looks forward to working with the MineralFields Group as the Company develops its holdings in the Timmins region, in Ontario.

big.chart
 
December 16, 2011 19:54 ET
Rye Patch Updates Court Proceedings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2011) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(OTCQX:RPMGF) ("Rye Patch" or the "Company") provides the following update on the Nevada District Court proceedings arising out of the lawsuit filed by its wholly-owned subsidiary Rye Patch Gold US Inc. ("RPMUS") against Coeur Rochester, Inc. ("CRI"), a wholly-owned subsidiary of Coeur d'Alene Mines Corporation announced by news release dated December 6, 2011.

Court proceedings began on Thursday, December 15, 2011 on the motion of RPMUS to dissolve the temporary restraining order entered on December 5, 2011, to restrain RPMUS from working on the LH unpatented mining claims which RPMUS staked in October and November. The hearing also considered RPMUS's motion for preliminary injunctive relief against CRI to restrain CRI from working on the LH Clams and the corresponding motion of Coeur to extend the effect of the temporary restraining order. The temporary restraining order will expire on December 20, 2011 unless extended by the Court.

The restraining order was obtained by CRI without affording RPMUS an opportunity to oppose its application. The Court hearing re-convened this morning and continued until 12:30 p.m. without resolution. The proceedings are scheduled to continue on Tuesday, December 20, 2011 at which time final arguments will be presented and the Court will rule on the motions.
Rye Patch will provide a further update following continuation of the hearing on December 20, 2011.

http://www.marketwire.com/press-rel...court-proceedings-tsx-venture-rpm-1599822.htm
 
Clifton Star flickers in cease-trade limbo

2011-12-16 13:04 ET - Street Wire
by Stockwatch Business Reporter

Twinkle, twinkle Clifton Star, how we wonder where you are.

Clifton Star Resources Inc.'s chief financial officer, Ian Beardmore, says the company's cease trade order will be lifted in about 10 days, but Robert Holland, chief mining adviser of corporate finance at the B.C. Securities Commission, says that seems optimistic
. The stock, which last traded on July 22 at $2.90, has remained under the BCSC's cease trade order ever since.

Cease-trade

The BCSC issued its cease trade order against the gold explorer for failing to file National Instrument 43-101-compliant technical reports for three properties -- Beattie, Donchester and Duquesne -- at its Duparquet project in Quebec, after issuing press releases disclosing changes to mineral resource estimates. The press release about changes to Duquesne arrived on Oct. 28, 2010, and the press releases about changes to Beattie and Donchester were issued June 13, 2011. As well as not filing the 43-101 reports, the company also failed to file material change reports and one of three accompanying news releases to the commission. According to regulatory disclosure requirements, companies must file a material change report and a news release within 10 days of a material change. The company attempted to file one report, but it was deficient. The BCSC comments in its cease trade order, "On or about July 18, 2011, Clifton Star filed a technical report that was not in the required form and did not support Clifton Star's disclosure of the change to the Beattie mineral resource."

According to Mr. Beardmore, Clifton has now filed all the necessary documents with the BCSC, and should be clear to trade this month. Mr. Holland of the BCSC confirmed that Clifton recently provided a draft technical report for Donchester, which the BCSC is reviewing and expects to complete shortly -- but that is not the end. After the commission provides comments on the report and resolves any outstanding issues, Clifton will have to file a final report, which, according to Mr. Holland, can take a significant amount of time to prepare, depending on the availability of the author and the complexity of the subject matter. When asked about 10 days ago if the company might resume trading in 10 days, Mr. Holland said, "Based on my experience, it appears optimistic, considering they have not got our comments on the technical report, have not filed the report, and have not made application for revocation."

Osisko departs

Some of the delay in preparing the reports may stem from the departure of Clifton's high-profile joint venture partner, Osisko Mining Corp., which terminated its agreement to option a 50-per-cent interest in the Duparquet project in June. Osisko spent $15-million on exploration at Duparquet in 2010. It had planned to spend $16.6-million in 2011, but after reviewing the geological data and initial metallurgical results from 2010, it instead chose to cancel all Duparquet plans. Osisko recorded a write-off of $10,896,000 in its financials for the period ended June 30, 2011, to eliminate capitalized costs for the project.

With Osisko out of the picture, it took until Oct. 28, 2011, for Clifton Star to file the company's first acceptable filings. These comprised two reports, one for the Beattie property and the other for Duquesne, but still missing was the report for Donchester. Maxime Dupere, a geologist at SGS Geostat and the qualified person for the technical report of the Beattie property, consented to a public filing of his report on July 25, a full three months before it was filed. Nicole Rioux, a geologist at Genivar and the qualified person for the technical report of the Dequesne gold property, consented to a public filing of her report on July 26.

Osisko had previously negotiated a 50-per-cent interest in the Duparquet project by agreeing to spend $70-million on exploration by Jan. 1, 2013. It had also agreed to advance about $30-million in low-interest loans so Clifton could afford option payments to acquire the project. Currently, Clifton only owns a 10-per-cent interest in Duparquet. It holds an option to acquire the remaining 90 per cent by paying $22-million on Dec. 1, 2012, and $30-million on Dec. 1, 2017.

New management


Reports aside, the company is going through plenty of changes. Even its website is down. Last week, at Clifton's AGM, shareholders approved moving the company's registered office to Quebec from B.C. The move will accommodate Clifton's new president, Michel Bouchard, a Quebecer who does not yet own any Clifton stock. He took over one month ago, following the resignation of Harry Miller, who remains with the company, handling investor relations.

Ross Glanville, the company's chairman, who also does not own any shares, is the only director left from Vancouver. The company's other director from Vancouver, former president and founder, Nick Segounis, did not stand for re-election after 19 years on the board. Last year Mr. Segounis held 1,034,500 Clifton shares and he has not filed any insider reports since. When asked why he resigned after 19 years with the company, Mr. Segounis replied, "I don't talk to strangers over the phone." The company has been equally tight-lipped about the departure of its founder. Clifton did not issue a press release to report Mr. Segounis's resignation or to thank him for his years of service. Mr. Segounis appears to have shifted his energies back to shell-making, an occupation he knows well. Lately, his focus has been on Vanity Capital Corp., a shell he listed in 2009 that recently completed its qualifying transaction and became a gold explorer with a property in Ontario. Clifton is also hunting for Fred Archibald's replacement. He resigned as vice-president of exploration and as a director after the cease trade order. He held 172,500 shares when he resigned.

The future

According to Clifton's press release on June 17, 2011, the company technically still has access to a $22.5-million unsecured loan from Osisko, but Mr. Beardmore said Clifton will not take the loan. He also says Clifton is not searching for a new joint venture partner and will develop the project in house, which may explain recent departures. The company has about $15-million in its treasury, but that amount will only keep the company afloat until the end of next year when a $22-million payment is due. Mr. Beardmore says Clifton plans to raise money after it resumes trading.

One constant during Clifton's changes this year has been the support of its least frustrated and largest shareholder, Passport Capital LLC, an investment firm in San Francisco managed by John Burbank III. After Osisko terminated its agreement with Clifton, Passport continued to show support. In July, Passport acquired over 980,000 shares, increasing its ownership to 7,025,800 shares of Clifton's 35,654,390 outstanding. Mr. Beardmore says Clifton has Passport's full support to develop the project alone.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:CFO-1912047&symbol=CFO&region=C
 
Gold And Silver Seasonal Trends

http://www.safehaven.com/article/23678/gold-and-silver-seasonal-trends

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2011 - The Same as 2008 but in Reverse

http://www.financialsense.com/contributors/chris-puplava/2011/12/16/2011-the-same-as-2008-but-in-reverse
 
China’s Deep Hole

http://www.financialsense.com/contributors/russ-winter/2011/12/16/chinas-deep-hole
 
Samstag, 17.12.2011
Verheerender Tropensturm
Sturzfluten verwüsten Mindanao

Bei heftigen Überschwemmungen durch den kleinen aber wetterintensiven Tropensturm "Washi" sind auf den Philippinen nach AFP-Meldungen mindestens 440 Menschen ums Leben gekommen. Zahlreiche Menschen galten nach Behördenangaben am Samstag noch als vermisst, nachdem das Unwetter in der Nacht über die Insel Mindanao hinweggefegt war und Sturzfluten ausgelöst hatte. Ganze Dörfer wurden von Schlammströmen aus den Bergen mitgerissen. Die Regierung mobilisierte rund 20.000 Soldaten zur Katastrophenhilfe.
http://www.wetteronline.de/wotexte/redaktion/topthemen/2011/12/1217_wa_Verheerender-Tropensturm.htm

Samstag, 17. Dezember 2011
Hunderte Tote auf den PhilippinenSturzflut rollt über Mindanao
http://www.n-tv.de/panorama/Sturzflut-rollt-ueber-Mindanao-article5022391.html

Hier hat St. Augustine sein Hauptprojekt KingKing: The King-king deposit is a gold rich, copper-gold porphyry deposit located in the south east of the Philippine Island of Mindanao, located 92kms NW of Davao City and 13 kms from the coast
kingking1c.jpg

http://www.sagcmining.com/en/assets.htm
[url=http://peketec.de/trading/viewtopic.php?p=1188516#1188516 schrieb:
Moritz schrieb am 16.12.2011, 19:47 Uhr[/url]"]SAU: Es geht los!
» zur Grafik
 
mindanao war ich schon mal. tolle gegend. u.a. sind hier die seezigeuner zuhause.
zamboanga.jpg

[url=http://peketec.de/trading/viewtopic.php?p=1188730#1188730 schrieb:
Moritz schrieb am 18.12.2011, 17:05 Uhr[/url]"]Samstag, 17.12.2011
Verheerender Tropensturm
Sturzfluten verwüsten Mindanao
 
Shockingly low gold ounce valuations on 48 TSX juniors: Ticker Trax

This has been one of roughest years for junior companies (in all sectors) since Q4/08 and Q1/09.

Since the spring (and even while gold was going through $1800) I have told paid subscribers that
the junior gold companies should only be valued in the range of $30 to $50 per ounce because that
appeared to be the going rate for valuations across the board..


http://www.stockhouse.com/Columnists/2011/Dec/16/Shockingly-Low-Gold-Ounce-Valuations-on-48-TSX

table1
 
Bundespräsident unter Druck
Zweifel an Wulff wachsen
Img_17_6_450_1324225386.jpg6100648057401685699.jpg

Christian Wulff denkt nicht an Rücktritt. Doch kann der Präsident die Affäre um seinen Hauskredit einfach aussitzen? Opposition und Rechtsexperten üben harsche Kritik, auch in den eigenen Reihen schwindet offenbar der Rückhalt.

..aus aktuellem Anlass:
http://www.youtube.com/watch?v=usgasTxZ-Os
 
neue Unternehmens-Präsentation Dezember 2011:
http://www.greystarresources.com/i/pdf/CorporatePresentation.pdf


Angostura infill sections (Dec 2011):
http://www.greystarresources.com/i/pdf/PR-Angostura-infill-Dec2011-sections.pdf
 
Gold Stocks: The Wide Angle View

http://www.24hgold.com/english/news-gold-silver-gold-stocks-the-wide-angle-view.aspx?article=3737484178G10020&redirect=false&contributor=Steve+Saville&mk=1
 
Morgäähn :coffee:

1 Unze Gold in US-$ .............1 Unze Gold in Euro
t24_au_en_usoz_2.gif
t24_au_en_euoz_2.gif



1 Unze Silber in US-$ .............1 Unze Silber in Euro

t24_ag_en_usoz_2.gif
t24_ag_en_euoz_2.gif
 
:coffee: Guten Morgen! :)
 
Guten Morgen! :)
Markt sieht aus wie 2008 2.0 :confused:
 
Thema: Rohstoffe: Bekommen Vale, BHP und Rio Tinto Konkurrenz aus Deutschland?
Emfis News Am: 16.12.2011 17:25:42 Gelesen: 16 # 1 @
Düsseldorf 16.12.2011 (<a href="http://www.emfis.com/">;http://www.emfis.com</a>) Die deutsche Industrie will ein Bündnis zur Sicherung von Rohstoffen gründen. Konkurrenten werden Weltmarktführer wie Vale, BHP Billiton und Rio Tinto.

Wie der Bundesverband der deutschen Industrie mitteilte, beginne er im Januar 2012 mit der Gründung einer "Allianz zur Rohstoffsicherung". Bis Ende des Jahres soll sie quasi handlungsfähig sein. Es würden Gespräche mit interessierten Unternehmen geführt, um festzustellen, wer für diese Allianz in Frage komme. Genannt wurden bereits Konzerne wie BASF, ThyssenKrupp und Evonik. Weitere Gespräche stünden noch an.

Versorgung mit Rohstoffen angestrebt

Wie weiter mitgeteilt wurde, soll die Allianz dazu führen, daß die deutsche Industrie ausreichend und zu vernünftigen Preisen mit Rohstoffen wie Eisenerz und Seltenen Erden beliefert werden könne. Die einzelnen Bereiche der deutschen Industrie beratschlagten schon Jahre über dieses Thema, da eigene Ressourcen sehr begrenzt seien.

Es bleibt abzuwarten, ob die Einkaufsmacht ausreichen wird, um gegen die weltweiten Marktführer wie Vale, BHP Billiton und Rio Tinto bestehen zu können.
 
Freitag bei etlichen Werten große Kurssprünge zum Handelsende mit sehr hohem Volumen!

Bsp. AVR,R,TLH, u.a.
 
In 2008 2.0 sind wir leider schon lange drin!

Sydney -2,5 % :eek:


Moin :coffee: :)

[url=http://peketec.de/trading/viewtopic.php?p=1188869#1188869 schrieb:
Cadrach schrieb am 19.12.2011, 08:45 Uhr[/url]"]Guten Morgen! :)
Markt sieht aus wie 2008 2.0 :confused:
 
dafür hält es sich hier aber noch ganz gut!
wobei ich damit rechne das wir die 5500 noch sehen werden dieses Jahr....... :gruebel:
[url=http://peketec.de/trading/viewtopic.php?p=1188881#1188881 schrieb:
Ollinho schrieb am 19.12.2011, 08:55 Uhr[/url]"]In 2008 2.0 sind wir leider schon lange drin!

Sydney -2,5 % :eek:

Moin :coffee: :)
[url=http://peketec.de/trading/viewtopic.php?p=1188869#1188869 schrieb:
Cadrach schrieb am 19.12.2011, 08:45 Uhr[/url]"]Guten Morgen! :)
Markt sieht aus wie 2008 2.0 :confused:
 
December 18, 2011 17:30 ET

Eldorado to Acquire European Goldfields and Create the Leading Growth Oriented Intermediate Gold Producer
(all figures in United States dollars unless otherwise noted)
http://www.marketwire.com/press-rel...riented-intermediate-gold-tsx-eld-1599861.htm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2011) - Eldorado Gold Corporation (the "Company" or "Eldorado") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today announced that it has entered into a definitive agreement (the "Arrangement Agreement") with European Goldfields Limited ("European Goldfields") (TSX:EGU)(AIM:EGU) pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of European Goldfields by way of a plan of arrangement (the "Arrangement") under the Yukon Business Corporations Act.

European Goldfields is a precious metals development company with attributable gold reserves of 9.2 million ounces and multi-stage assets located in Greece, Romania and Turkey. The company currently operates the Stratoni mine in Greece and is developing the Skouries and Olympias projects in Greece and the Certej project in Romania. European Goldfields is also partnered with Aktor SA, the largest construction company in Greece.
 
18.12.2011
Taifun "Washi" auf Philippinen
Behörden befürchten mehr als 1000 Tote

http://www.spiegel.de/panorama/gesellschaft/0,1518,804481,00.html
Erst langsam wird das Ausmaß der Verwüstung durch Taifun "Washi" deutlich. Mehr als 650 Tote haben die Helfer auf den Philippinen schon geborgen - und sie erwarten, dass die Zahl noch weiter steigt. In viele Orte können die Rettungstrupps noch gar nicht vordringen.
[url=http://peketec.de/trading/viewtopic.php?p=1188748#1188748 schrieb:
spiderwilli schrieb am 18.12.2011, 20:15 Uhr[/url]"]mindanao war ich schon mal. tolle gegend. u.a. sind hier die seezigeuner zuhause.
» zur Grafik
[url=http://peketec.de/trading/viewtopic.php?p=1188730#1188730 schrieb:
Moritz schrieb am 18.12.2011, 17:05 Uhr[/url]"]Samstag, 17.12.2011
Verheerender Tropensturm
Sturzfluten verwüsten Mindanao
 
:danke: :up: gute Übersicht!
[url=http://peketec.de/trading/viewtopic.php?p=1188764#1188764 schrieb:
CCG-Redaktion schrieb am 18.12.2011, 21:06 Uhr[/url]"]Shockingly low gold ounce valuations on 48 TSX juniors: Ticker Trax

This has been one of roughest years for junior companies (in all sectors) since Q4/08 and Q1/09.

Since the spring (and even while gold was going through $1800) I have told paid subscribers that
the junior gold companies should only be valued in the range of $30 to $50 per ounce because that
appeared to be the going rate for valuations across the board..


http://www.stockhouse.com/Columnists/2011/Dec/16/Shockingly-Low-Gold-Ounce-Valuations-on-48-TSX

» zur Grafik
 
Goldman Sachs sieht den Goldpreis im Jahr 2012 bei durchschnittlich $1.810 und im Hoch bei über $1.900.
 
December 19, 2011 06:30 ET

Continental Gold Drills 3.0 m @ 162.7 g/t Gold, 41 g/t Silver and 33.68 m @ 6.2 g/t Gold in Yaragua and Extends both the Yaragua and Veta Sur Vein Systems Laterally and Vertically

http://www.marketwire.com/press-rel...368-m-62-g-t-gold-yaragua-tsx-cnl-1599919.htm

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - Continental Gold Limited ("Continental" or the "Company") (TSX:CNL) is pleased to announce results for 20 diamond drill holes and 272 metres of underground channel sampling from the Company's ongoing program at its Buriticá Project in Antioquia, Colombia. Ten drills are currently on schedule to complete over 100,000 metres of surface and underground drilling on the project by the end of 2011.
 
December 19, 2011 06:00 ET
HudBay Minerals Announces 2012 Production Guidance and Capital and Exploration Budgets

New Copper Mine to Be Constructed at Reed


TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) -

Highlights

Capital investment budget of approximately $391 million, including $296 million in growth initiatives.
Investment in exploration of approximately $54 million, which includes $31 million in grassroots efforts in the Flin Flon Greenstone Belt, $13 million in South America and $10 million on other North American exploration initiatives.
Reed copper project receives Board approval to proceed to full construction with first production expected by late 2013. Annual copper production in concentrate from the Reed mine expected to average 17,000 tonnes over the five year mine life.

HudBay Minerals Inc. ("HudBay", the "company") (TSX:HBM)(NYSE:HBM) today released its production guidance and its exploration and capital expenditure budgets for 2012.

"Throughout our operating history in the Flin Flon Greenstone Belt, we have seen a strong correlation between exploration dollars spent and mineral discoveries, which is why we have committed $54 million, in the belief that we can replicate this success across the Americas," said David Garofalo, president and chief executive officer. "We have also committed to $296 million in capital expenditures to grow our production profile, including the commencement of development of the Reed copper project, the ongoing construction at Lalor and continued procurement and engineering activities at Constancia, where we expect to make a full project decision in the first quarter of 2012."

Production Decision Made at Reed Copper Project

Today, HudBay's Board of Directors approved a capital investment of $71 million towards the construction of the 70% owned Reed copper project. A summary of the project's economics follows (100% basis):

Approximate daily ore production of 1,300 tonnes per day at Reed is expected by late 2013, subject to receipt of required permits.

Average production grades are expected to be 3.78% copper, 0.45 g/t gold and 5.77 g/t silver. Assumed metal recoveries in the Flin Flon concentrator are 94% copper, 58% gold and 62% silver.

Average production in concentrate is expected to be approximately 17,000 tonnes per year of contained copper metal.

Total operating costs are estimated to average approximately $91 per tonne milled ($67 per tonne mining, $16 per tonne milling and $8 per tonne administration) over the five year mine life.

Sustaining capital expenditures are expected to total approximately $55 million over the five year mine life.

The Reed copper project will have a very limited environmental footprint with ore being trucked to HudBay's Flin Flon concentrator. Production at Reed is scheduled to begin at the 260 metre level from Zones 10 and 20 and in Zone 30 from the 135 metre level during the second half of 2013. In 2018, mining at Reed is expected to finish in Zone 30 from the 85 metre level, in Zone 20 from the 110 metre level and in Zone 10 on the 285 metre level. To view a long section of the proposed mine plan at Reed visit http://www.hudbayminerals.com/ourBusiness/snowLake.php.

The preliminary economic assessment prepared by the company in respect of the Reed deposit is preliminary in nature, includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty the preliminary economic assessment will be realized.

2012 Guidance on Production from Existing Mines


Full year 2011 production of all metals remains on track to achieve our previous guidance. Contained copper metal production in concentrate in 2012 is expected to be lower than 2011 because of the pending closures of the Trout Lake and Chisel North mines during 2012, while precious metal and zinc production are expected to remain essentially unchanged from 2011 levels.

Contained Metal in Domestic Concentrate 2012 Guidance


Copper Tonnes 35,000 - 40,000
Zinc Tonnes 70,000 - 85,000
Precious Metals1 Ounces 85,000 - 105,000

1 Precious metals production includes gold and silver production. Silver converted to gold at a ratio of 50:1

Major Commitment to Growth Opportunities


HudBay's board of directors has approved a capital budget for 2012 of $391 million, of which $296 million is allocated toward growth opportunities. Capital expenditures at Lalor are expected to total approximately $147 million. With the ramp from Chisel North to Lalor completed on time and on budget, the focus at Lalor has turned to completion of the ventilation shaft to allow first ore production up the temporary hoisting facilities by the middle of 2012.

Other major activities at Lalor will include the commencement of production shaft sinking early in 2012, delivery of underground equipment and completion of engineering and procurement for the new concentrator.

Capital expenditures at Constancia for the first quarter of 2012 and other capitalized costs in Peru are expected to total approximately $107 million, in addition to the approximately $45 million of capital expenditures expected to have been incurred by the end of 2011. HudBay expects to make a formal production decision in respect of Constancia in the first quarter of 2012, at which time the company intends to provide a further update on expected Constancia capital spending.

HudBay is well positioned to fund these growth investments with available liquidity of approximately $1.1 billion and no debt. Subject to a project construction decision by the board of directors, the company also intends to arrange additional debt financing at the Constancia project level to maintain optimum financial flexibility.

.
.
.

http://www.marketwire.com/press-release/hudbay-minerals-announces-2012-production-guidance-capital-exploration-budgets-tsx-hbm-1599907.htm
 
December 19, 2011 06:40 ET
Extorre Gold Mines Limited: Extorre Announces Filing of NI 43-101 Technical Report for Cerro Moro

VANCOUVER, BC--(Marketwire - Dec 19, 2011) - Extorre Gold Mines Limited (AMEX: XG; TSX: XG; Frankfurt: E1R, "Extorre" or the "Company") is pleased to announce the filing of an updated National Instrument 43-101 compliant mineral resource estimate for its Cerro Moro project.

The technical report was prepared by independent consultants Cube Consulting Pty Ltd.

To view the full technical report click here.

Technical Report Highlights:


Indicated Category Resource: 1.35 million ounces gold equivalent* (2.42 million tonnes ("Mt") at 7.4 g/t gold and 498 g/t silver, for a gold equivalent grade** of 17.4 g/t), plus

Inferred Category Resource: 1.05 million ounces gold equivalent* (4.74 Mt at 3.5 g/t gold and 172 g/t silver, for a gold equivalent grade** of 6.9 g/t gold).

* Gold equivalent ounces are calculated by dividing the silver ounces by 50, then adding those ounces to the gold-only ounces.

** Gold equivalent grade is calculated by dividing the silver assay result by 50, adding it to the gold value and assuming 100% metallurgical recovery.

The new resources will form the basis of an updated mining and economic study for the project (Preliminary Economic Assessment "PEA-3") scheduled for release late in Q1-2012.

For further information please reference the NI 43-101 report entitled "Independent Technical Report (43-101): Resource Estimation for Extorre's Cerro Moro Project, Santa Cruz Argentina" dated December 16th, 2011 filed on SEDAR (www.sedar.com). The technical report was prepared by Mr. Ted Coupland, MAusIMM(CP), Director and Principal Geostatistician of Cube Consulting. The mineral resource estimates have been classified and reported in accordance with the CIM guidelines (CIM 2005) and National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. Mr. Ted Coupland is 'independent' and a 'qualified person' as defined by NI 43-101.

Exploration Continues:


Following the year end break, exploration utilizing four rigs is scheduled to continue at Cerro Moro. Two rigs will continue to delineate the Zoe deposit and potential extensions, with one rig testing extensions at depth and the other rig exploring for repetitions of the Zoe deposit up to three kilometers to the east ("Zoe East"). Recent drilling appears to have successfully intersected what is interpreted to be the Zoe structure however visual indications suggest that the early intercepts are high in the system, a geological situation common to the Zoe and the Martina deposits. Deeper step back holes are planned. Other new targets defined by Extorre's geological team will also be tested.

Drilling to provide geotechnical data to assist in detailed open pit planning of pit wall angles and slope stability is also being conducted. This data will feed into PEA-3.

Eric Roth, President and CEO of the Company and a "qualified person" within the definition of that term in National Instrument ("NI") 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.
 
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