Monday, February 17, 2014

Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Confirms U/G High Grades at Santa Elena 11.6m @ 5.83 gpt Au and 232.5 gpt Ag including 1.15m @ 21.7 gpt Au and 572 gpt Ag

Vancouver, British Columbia - February 17, 2014 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) is pleased to announce results of further delineation underground drilling completed in Q4, 2013 at the Santa Elena Mine in Sonora, Mexico. Twenty two closely-spaced (est. 25 metres) underground drill holes, totaling 1,590 metres have been completed to better define underground resources and verify widths and grades for the first planned production stopes to be mined in 2014 (see table below and attached Figure). The results of all holes included in this news release will be part of a resource update scheduled to be completed in H2 2014.

N. Eric Fier, CPG, P.Eng., President & COO stated; “This underground drill program was successful in confirming good continuity of the Main Mineralized Zone (MMZ) and high grades for the initial planned production stopes to be mined in 2014. Valuable information was also provided from this program to better define overall reserves and subsequent stope designs. We look forward to successfully transitioning from our current open pit heap leach operation to underground mining with a 3000 tonnes per day conventional mill by H2 2014.”
The drill program, with estimated 25 metre centres, confirmed the consistent continuity and geometry of the MMZ. Drill result reconciliation with previous wider-spaced (est. 50 metres) drilling in this area showed comparable widths and grades.
he most significant assay results from this underground drilling program are shown in the following table and interval widths are considered near-true thickness.
Investorideas.com Newswire All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.
Core hole SEUG-13-12 was abandoned before intersecting mineralization.
As Santa Elena progresses into an underground operation further delineation drilling will be completed in 2014 to continue to verify production stope reserves. As of January 31, 2014, approximately 2,730 meters of underground lateral development including ramp access, 675 metres of ore development, and 430 metres of raise development had been completed by an independent contractor. Approximately 35,000 tonnes of ore from underground development has been delivered to the leach pad for partial metal recoveries by leaching and will be reprocessed through the nearly completed CCD/Merrill Crowe mill. With the arrival of the Company’s underground production equipment in May 2014, test stoping is scheduled for late Q2 and early Q3 2014.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE Amex:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach and underground mine. SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold over the current reserve. Major expansion and construction of the 3,000 tonnes per day conventional mill facility is nearing completion and is expected to significantly increase metals production at the Santa Elena Mine (open pit and underground) in 2014 and beyond. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented
N. Eric Fier, President and COO
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108 or Toll Free: 1-866-691-1730
(604) 694-1761
info@silvercrestmines.com
www.silvercrestmines.com
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Monday, December 02, 2013

Investorideas.com to Stop Publishing Coal Stocks Directory Effective December 2013

New York, NY, Point Roberts, WA - December 2, 2013 (Investorideas.com Water Stocks Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors announces that effective December 2013 it will cease publication and sale of the coal stocks directory.

"We feel that there is too much indisputable information out there supporting how coal pollution is impacting the air and even more importantly our oceans. When you see reports that state within our lifetime, the oceans as we know them may die, we all need to draw a line in the sand as to what we are willing to do. This is one small thing, but we always believe that investing is a reflection of what you believe in and we can't support investment in this sector any longer."
For members who have access to the full stock directory lists online, a PDF will be sent for their files as part of the original membership obligation.
Ocean Acidification: The Other CO2 Problem- NRDC
Increased carbon dioxide is changing the chemistry of the earth’s oceans, threatening marine life
Earth’s atmosphere isn’t the only victim of burning fossil fuels. About a quarter of all carbon dioxide emissions are absorbed by the earth’s oceans, where they’re having an impact that’s just starting to be understood.
Over the last decade, scientists have discovered that this excess CO2 is actually changing the chemistry of the sea and proving harmful for many forms of marine life. This process is known as ocean acidification.
A more acidic ocean could wipe out species, disrupt the food web and impact fishing, tourism and any other human endeavor that relies on the sea.
The change is happening fast -- and it will take fast action to slow or stop it. Over the last 250 years, oceans have absorbed 530 billion tons of CO2, triggering a 30 percent increase in ocean acidity.
Before people started burning coal and oil, ocean pH had been relatively stable for the previous 20 million years. But researchers predict that if carbon emissions continue at their current rate, ocean acidity will more than double by 2100.
The polar regions will be the first to experience changes. Projections show that the Southern Ocean around Antarctica will actually become corrosive by 2050.
source: http://www.nrdc.org/oceans/acidification/
NRDC is the nation's most effective environmental action group, combining the grassroots power of 1.4 million members and online activists with the courtroom clout and expertise of more than 350 lawyers, scientists and other professionals.
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
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Monday, November 25, 2013

All Roads Lead to Mongolia for Chairman and CEO of Real Estate Company Mongolia Growth Group

New York, NY, Point Roberts, WA - November 25, 2013 (Investorideas.com Mining stocks newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues an exclusive interview with Mr, Harris Kupperman, Chairman and CEO of publicly traded real estate company in Mongolia. Mongolia Growth Group (TSX.V YAK; OTC: MNGGF).

Mongolia is currently one of the fastest growing economies in the world, fuelled by a mining boom. Mr, Harris Kupperman shares insight into both the opportunites and the obstacles and why investors should be taking note of this new frontier.
Q: Investorideas.com
For investors that don't know your company, can you give a brief history and summary of why you are positioned in Mongolia and what directed you there personally?
A: Mr, Harris Kupperman, Chairman and CEO
Over the past decade, Mongolia has been one of the world's fastest growing economies with growth rates as high as 17% in 2011 and over 11% in the first 9 months of this year. Over the next decade, I think that the growth rate accelerates as the giant mines ramp up their production of copper, gold and coal. This will create a massive wealth boom. As an investor, I want to go where the growth is--hence Mongolia.
The problem was that before we built MGG, there was no way to get exposure to that growth. There are a handful of mining companies, but I don't know anything about geology. What I know is that these mines are being built and the average Mongolian will see a huge increase in his net worth because of the mines. That will translate into a boom in consumer spending and I wanted to get leverage to that growth, so I built MGG to put my own money into Mongolia. To date, I've invested over $3 million in shares of MGG. With the help of other investors, many of them close friends; we have raised capital and built a portfolio of assets focused on the growth of the consumer.
Of course, given the dramatic GDP growth that we've already seen since we started the company, we have sizable gains on our property portfolio. However, this is just the beginning. If you look at the evolution of cities, it is all about going to the capital city, acquiring properties in the best locations and then letting the economic growth work for you. There is over $2 trillion worth of resource wealth that is in the ground, and that wealth will be mined over the next century. This will be a very long- term bull market.
Q: Investorideas.com
What has your portfolio consisted of to date? - And you note in your last newsletter that you are shifting company assets away from smaller properties that are proportionately more expensive to maintain and manage; towards larger institutional-quality assets that are easier to scale. Can you expand on this strategy?
A: Mr, Harris Kupperman, Chairman and CEO
When we first arrived in Mongolia, the key was to learn how to do business there--to learn how the market worked--so we purchased about 30 smaller properties. This gave us a great early portfolio where the risk of making a mistake in portfolio selection was negligible in terms of our company's future. We got to build a management team around those assets and it is now the only institutional property platform in Mongolia.
We are now selling those assets as we have learned the necessary lessons. Our focus was always to own larger, institutional quality assets that are tied to consumer spending and we are migrating into those assets. In another year, our portfolio will consist primarily of retail assets on the main streets in downtown Ulaanbaatar.
When Mongolians go out shopping or dining, we want them to be doing it at our locations. Thus far, we are quite happy with the results. If you look at our numbers, in October, our average rent increased by 21.4% compared to the prior year. That is pretty much unheard of in a mature real estate market like you find in the United States. Getting growth plus income at the same time is the reason that I've gone to invest in Mongolia.
Q: Investorideas.com
Can you give us first hand insight as to what kind of changes and expansion you are seeing in Mongolia?
A: Mr, Harris Kupperman, Chairman and CEO
In the past 3 years we have seen dramatic change in every aspect of the economy. To start with, the GDP has almost doubled. Think about that for a second--the GDP has doubled!
This has led to a consumer boom and a sizable middle class. We see new businesses popping up everywhere to supply goods to these consumers. Everyone is buying a new car or getting a bigger apartment. Everyone wants the things that we take for granted here in the West--and for the first time, Mongolians can afford those things.
In addition, we have seen the government really embrace this growth. This summer, the government passed multiple laws targeted at increasing foreign investment and making the business climate even friendlier to foreigners. Over time, I think Mongolia will become a favored place for foreign investment, much like Singapore or Dubai.
Q: Investorideas.com
In your recent newsletter you note that On October 28, the Ministry of Mining for Mongolia signed an MOU with China's Shenhua Group Corp. to supply 1 billion tons of coal over the next 20 years. What environmental concerns does that raise to your as a real estate company? And on that note do you think Mongolia can learn from the environmental mistakes China made in its rapid industrial expansion?
A: Mr, Harris Kupperman, Chairman and CEO
In terms of our operations, I think that the environmental impact will be negligible. These mines are hundreds of miles from Ulaanbaatar. Mongolia is working to improve the environmental impact of mining. In terms of making the mistakes that China has made, you have to remember that Mongolia is a democracy. If they do not adequately monitor the mines, the politicians will be voted out. This is a big difference when compared to China--so politicians are taking the environment quite seriously here.
Q: Investorideas.com
What do see as the biggest opportunity and challenge over the next five years as growth accelerates?
A: Mr, Harris Kupperman, Chairman and CEO
No country has ever grown as quickly as Mongolia currently is. The biggest challenge is that things are simply growing too quickly. The demand for things like electricity and transportation infrastructure are outstripping the ability of the country to add capacity. That's what happens when your economy grows at 1% a month. The government is working to address these issues, but no country has ever grown as quickly as Mongolia is--so there is no playbook to work off of. It's difficult to plan for the needs of the country in 5 years. Unfortunately, if you don't start planning for power plants today, they won't be ready in 5 years.
In terms of opportunities, when your economy doubles every three to four years, everything is an opportunity. I think the real thing is to figure out what Mongolia will need in five years, and then bring it to Mongolia in two years. For us, that means upgrading our retail locations and getting ready for the day that international brands show up and need top quality locations. We want to be the first choice as landlord for all of these brands and over the past year, we have been approached by numerous international brands that are looking to set up a presence in Mongolia.
Q: Investorideas.com
Currently you state you are the only publicly traded company positioned in your space in Mongolia? Do see signs of that changing anytime soon with new players coming to market?
A: Mr, Harris Kupperman, Chairman and CEO
I am actually quite surprised that no one else has shown up and tried to copy us--especially given the success that we've had. I am sure that they will come, but the longer that takes, the stronger our first-mover advantage will become. Naturally, I welcome the competition as it validates what we've created thus far.
MGG (YAK: Canada & MNGGF: USA) is a fully integrated and self-managed real estate investment company, and one of the largest owners and operators of high-quality commercial properties in downtown Ulaanbaatar, Mongolia. The Company focuses on acquiring, owning, managing, and redeveloping top-tier retail, commercial, and office properties that are strategically located, undervalued, and possess significant supply constraints. Learn more at www.MongoliaGrowthGroup.com
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
800-665-0411 -   Source - www.Investorideas.com

Friday, November 15, 2013

Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q3 Results from Santa Elena Mine in Mexico, Net Earnings Increased 194% to $0.03 Per Share

Vancouver, British Columbia - November 15, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) has reported results for its 3rd quarter ended September 30, 2013 from its flagship 100% owned Santa Elena Mine, located in the State of Sonora, Mexico.

InvestmentPitch.com has produced a "video news alert" about SilverCrest based on this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "SilverCrest" in the search box.
Highlights of the report include cash flow from operations of $7.1 million or $0.07 per share, down 30% from $10.2 million in the same quarter in 2012. However, net earnings increased to $3.71 million, an increase of 194% from $1.26 million in the same quarter in 2012, resulting in earnings per share of $0.03, up from $0.01 per share in the previous period.
The increase in net earnings during the quarter was primarily driven by the elimination of the marked-to-market derivative impact from Hedge Facility deliveries and lower income taxes in the period, partially offset by a decrease in revenue resulting from significantly lower realized prices and lower gold sales.
Silver prices fell 31% to $22 per ounce, with gold prices declining 21% to $1,346 per ounce.
Although gold sales were down slightly to 7,522 ounces, silver sales at 204,947 ounces, were up 35% for another quarterly record.
For a complete breakdown of these numbers, please refer to SilverCrest`s current news release.
N. Eric Fier, President and COO stated, "During Q3, despite sustained lower metal prices, SilverCrest generated strong positive cash flows and net earnings. Our free cash flow continues to be reinvested at Santa Elena as capital expenditures for the expansion plan with $14.4m invested in Q3. Management continues to focus on improving operating performance and profit margins especially in light of the new mining taxes currently being legislated in Mexico. We remain on track to achieve or better our cost guidance of $8.50 per silver equivalent ounce and production guidance of 2.44 million ounces of silver equivalent."
The company`s immediate focus is to continue to efficiently operate its Santa Elena low cost open pit silver and gold mine, where production has been reaching daily highs of 5.8 grams per tonne gold and 175 grams per tonne silver.
Major expansion and construction of a new 3,000 tonne per day mill facility is underway to significantly increase production.
SilverCrest is also advancing the large silver, copper, gold deposit at the La Joya Property in Durango State, which has stated resources nearing 200 million ounces of silver equivalent.
All numbers previously mentioned refer to US dollars.
SilverCrest currently trades at $1.70 on the TSX Venture Exchange, and with 108.8 million shares outstanding, the company is capitalized at $185 million.
For more information please visit the company`s website www.silvercrestmines.com, or contact Fred Cooper at 1-866-691-1730 or email info@silvercrestmines.com.
About InvestmentPitch
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Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Thursday, November 14, 2013

Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q3, 2013 Financial Results Cash Flow from Operations of $7.1 Million ($0.07 Per Share) Net Earnings $3.71 Million ($0.03 Per Share)

Vancouver, British Columbia - November 14, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) ("SilverCrest" or the "Company") is pleased to announce its financial results for the third quarter ended September 30, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2013 and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

N. Eric Fier, President and COO stated; "During Q3, despite sustained lower metal prices, SilverCrest generated strong positive cash flows and net earnings. Our free cash flow continues to be reinvested at Santa Elena as capital expenditures for the expansion plan with $14.4m invested in Q3. Management continues to focus on improving operating performance and profit margins especially in light of the new mining taxes currently being legislated in Mexico. We remain on track to achieve or better our cost guidance of $8.50 per silver equivalent ounce and production guidance of 2.44 million ounces of silver equivalent (Ag:Au 55:1)."
FINANCIAL HIGHLIGHTS OF Q3, 2013, Compared to Q3, 2012:
  • Cash flow from operations (1) decreased 30% to $7.1 million ($0.07 per share).
  • Cash operating cost per silver equivalent ounce sold (2) increased 5% to $7.96.
  • All-in sustaining cash costs per silver equivalent ounce sold (3) decreased by 23% to $10.41.
  • Revenues reported - IFRS (4) decreased 18% to $13.7 million.
  • Sales of 204,947 ounces of silver, another quarterly record, were up 35%.
  • Sales of 7,522 ounces of gold were down 5%.
  • Realized metal prices for ounces sold - silver price fell 31% to $22/oz and gold price fell 21% to $1,346/oz.
  • Bullion inventory at September 30, 2013, included 53,131 ounces of silver and 1,819 ounces of gold.
  • Net earnings amounted to $3.71 million ($0.03 per share), compared to $1.26 million ($0.01 per share).
  • Cash and cash equivalents totaled $24.1 million (at September 30, 2013) after capital investments of $14.4 million.
  • Working capital was $30.9 million at September 30, 2013.
COMPARISON OF THE THREE MONTHS ENDED SEPTEMBER 30, 2013 to SEPTEMBER 30, 2012;
Net earnings were $3,705,318 ($0.03 per share basic) for the third quarter compared with $1,263,316 ($0.01 per share basic) in 2012. The increase in net earnings during the quarter was primarily driven by the elimination of the marked-to- market derivative impact from Hedge Facility deliveries and lower income taxes in the period, partially offset by a decrease in revenue resulting from significantly lower realized prices and lower gold sales.
Silver and gold revenue totaled $13,669,133 (2012 - $16,694,752) in the third quarter, which includes $13,104,527 (2012 - $15,469,381) received on a cash basis.
Silver sales were another quarterly record of 204,947 ounces (2012 - 152,088), 35% higher than the same period in 2012. The foregoing, combined with a 31% lower average realized price at $22 (2012 - $31) per ounce, resulted in 7% less silver revenue.
Total gold sales were 7,522 ounces (2012 - 7,923) or 5% below 2012. The Company sold 6,017 (2012 - 5,423) ounces of gold at an average realized price of $1,346 (2012 - $1,707) per ounce, a 21% decline in realized price resulting in 13% less gold revenue. The Company delivered 1,504 gold ounces (2012 - 1,585) under the Sandstorm Gold Ltd. Purchase Agreement at $350 per ounce.
Cost of sales amounted to $5,293,749 (2012 - $4,239,773). Cash cost per silver equivalent ounce sold amounted to $7.96, Ag:Au(2) 61.2:1 (2012 - $7.60, Ag:Au(2) 51.3:1). The increase in 2013 cash cost per silver equivalent ounce sold is driven generally by higher operating costs with increases in mining contractor costs, higher crusher operating costs due to decreased throughput attributed to the effects of the rainy season, and annual salary and benefit increases for mine site personnel.
General and administrative expenses increased by 5% to $1,125,084 (2012 - $1,070,468) primarily due to an increase in remuneration, professional fees and Mexico corporate expenses. Remuneration increased by 23% to $465,050 (2012 - $379,081) with the addition of new corporate personnel in Q1, 2013, and increased compensation for management and other employees effective January, 2013. Professional fees increased by 51% to $158,231 (2012 - $104,803) due to additional legal fees relating to various corporate matters. Mexico corporate expenses increased by 75% to $177,318 (2012 - $101,056), with additional tax and legal expenses.
Deferred tax expense amounted to $663,000 (2012 - $189,000), primarily due to recognizing an income tax deduction on 2013 Santa Elena exploration drilling and related costs, which resulted in reducing the Mexican tax basis compared with the financial statement carrying book value.
Exchange gain on translation to US Dollars amounted to $459,247 (2012 - $949,838) due to the strengthening in the third quarter of the Canadian dollar against the US dollar. The financial results of the Company's Canadian operations were translated at US$1.00 = CAD$1.0512 at June 30, 2013 and US$1.00 = CAD$1.0285 at September 30, 2013.
Investorideas.com Newswire
(1) Cash flow from operations before changes in working capital items. This is a Non-IFRS performance measure.
(2) Silver equivalent ("AgEq") ounces consist of the number of ounces of silver sold plus the number of ounces of gold sold multiplied by the ratio of the spot gold price to the spot silver price at the quarter end dates (Q3 2013; 61.2:1, Q3 2012; 51.3:1).
(3) SilverCrest has started to report all-in sustaining cash costs effective Q2, 2013. All-in sustaining cash costs includes cost of sales, general and administrative expenses, sustaining capital and exploration expenditures at the Santa Elena Mine. This is a Non-IFRS performance measure.
(4) The MBL Hedging Facility was fully repaid in fiscal 2012, so this non-cash adjustment has now been eliminated.
NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to "cash flows from operations before changes in working capital items", "cash operating cost per silver equivalent ounce sold" and "all-in cash cost per silver equivalent ounce sold", which are non-IFRS performance measures. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three and nine months ended September 30, 2013, for a reconciliation of these measures to reported IFRS results.
OUTLOOK
SANTA ELENA OPERATIONS
SilverCrest's immediate focus is to continue its efficient operation of its flagship Santa Elena low cost open pit silver and gold mine. Operations are running smoothly with open pit producing high grade benches with gold and silver grades reaching daily highs of 5.8 gpt and 175 gpt respectively. The Company is confident that it will achieve market guidance production costs of less than $8.50 per ounce AgEq and metal production for 2013 of 30,000 ounces of gold and 725,000 ounces of silver.
SANTA ELENA EXPANSION PLAN
Construction of the 3000 tpd conventional mill and facilities is proceeding according to schedule with the exception of delivery of the ball mill from the manufacturer. The mill is expected to arrive on site the last week of November resulting in a possible delay of initial start up until February. Production from the open pit heap leach portion of operations will continue until the mill is fully operational.
Underground development of the Santa Elena Main Zone is proceeding on schedule with development of the zone being established at several levels for the initial production stopes. Detailed mine plans are being finalized that will optimize grade and ore recovery.
CORPORATE
Mexico is pursuing changes to its tax laws that would impact the financial performance of the Company. Among several other tax changes and administrative proposals, the Mexican government intends to initiate a 0.5% royalty on gross revenues from the sale of gold and silver and a 7.5% royalty on earnings before interest, tax, depreciation and amortization ("EBITDA"). The Company is working with its tax and legal advisors to determine the ultimate impact of the changes in order to mitigate the overall impact.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. Major expansion and construction of a 3000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
N. Eric Fier
N. Eric Fier, President and COO
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761
info@silvercrestmines.com
www.silvercrestmines.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Wednesday, November 06, 2013

Mining Stock Alert: DNA Precious Metals, Inc. (OCTQB: DNAP) Acquires the Complete Geological Data Resource on the Historic Montauban Mine

MONTREAL - November 6, 2013 (Investorideas.com Mining stocks newswire) DNA Precious Metals, Inc. (DNAP) announces that the Company has closed an agreement to acquire the complete geological data resource on the Montauban Mine, in addition to its October 22, 2013 press released "Binding Agreement to acquire an undivided one hundred percent (100%) interest for all of the Montauban Mine Property located in Notre-Dame-de-Montauban, Quebec, Canada".

The geological data, dating from the start of production in 1914 to the last exploration in 2011, consists of over 1000 reports, drill logs, geological maps of near surface deposits, maps of underground mine workings, digital files and a Gemcom modeling of the mine. The acquisition fast tracks the timeline on Montauban and enables DNA to immediately commence a NI 43-101 compliant report on the Montauban Mine, which currently has a non compliant historic near surface resource of over 1M tons of 3.4 g/t Au and approximately 1 ounce per ton silver as well as significant underground potential from this past producer.
"We are excited about the acquisition of the data resource assets due to the potential of the historical mineral resources. Over 1Mt of resource have been identified with historical drilling on the Montaban Mine project, which given its location, geology and metallurgy, could generate value for our shareholders," commented Ronald Mann, President and Chief Executive Officer of DNA Precious Metals. "These assets came to the attention of DNA through our research as we continue to focus on the development of our flagship Montauban Mine Project in Quebec, Canada and as we target updating our current resource estimate to define a mineable resource to bring into production."
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to   www.DNAPreciousMetals.com .
On behalf of the Board
Ronald K. Mann, CEO
Forward Looking Disclaimer
This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
ronald.mann1@dnapreciousmetals.com
Twitter: www.twitter/dnametals
Facebook: www.facebook.com/dnametals
INVESTOR RELATIONS
Stuart T. Smith, CEO
SmallCapVoice.Com, Inc.
ssmith@smallcapvoice.com
Tel: +1-(512)-267-2430
Skype: SmallCapVoice.com
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Investorideas is compensated by DNAP for news and content publication and syndication ( October 2013 - five thousand for one month of news distribution on Investor ideas news wire ) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Tuesday, November 05, 2013

Mining Stock Alert: In a New Audio at SmallCapVoice.com, Ronald Mann, CEO of DNA Precious Metals, Inc. (OCTQB: DNAP), Discusses Recent News and Events for the Company

AUSTIN, Texas - November 5, 2013 (Investorideas.com Mining stocks newswire) SmallCapVoice.com, Inc. announced today that a new audio interview with DNA Precious Metals, Inc. (DNAP) is now available. The interview can be heard at http://smallcapvoice.com

Ron Mann, CEO of DNA Precious Metals, Inc., called into SmallCapVoice.com to go over the recent news and projects for the Company. This interview provides Mr. Mann's personal insight into the recent news regarding DNAP presentation at the 2013 Silver Summit conference in Spokane, Washington, the recent announcement that DNAP has signed a Binding Agreement to acquire an undivided one hundred (100%) interest for all of the Montauban Mine Property assets located in Notre-Dame-de-Montauban, Quebec, Canada, and much more.
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to   www.DNAPreciousMetals.com .
For more information, visit http://www.dnapreciousmetals.com.
Forward Looking Disclaimer: This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
ronald.mann1@dnapreciousmetals.com
Twitter: www.twitter/dnametals
Facebook: www.facebook.com/dnametals
INVESTOR RELATIONS
Stuart T. Smith, CEO
SmallCapVoice.Com, Inc.
ssmith@smallcapvoice.com
Tel: +1-(512)-267-2430
Skype: SmallCapVoice.com
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Investorideas is compensated by DNAP for news and content publication and syndication ( October 2013 - five thousand for one month of news distribution on Investor ideas news wire ) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Thursday, October 24, 2013

Mining Stock Alert: DNA Precious Metals Inc. (OCTQB: DNAP) to be Presenting at the 2013 Silver Summit Conference Today

Montreal, Canada - October 24, 2013 (Investorideas.com Mining stocks newswire) DNA Precious Metals Inc. ("DNA" or "the Company") (OCTQB:DNAP) has been invited to speak at the 2013 Silver Summit conference in Spokane, Washington on Thursday, October 24, 2013 at 1:50pm am, Pacific time. The Silver Summit conference is a world premier event of among others, mining company executives and institutional investors, sponsored yearly by Cambridge House International. DNA Precious Metals is honored to participate in this important high-level conference where the Company will be presenting an update on its Montauban tailings mine production target of Q2 2014, and the acquisition of the Montauban gold silver zinc lead past producer, as well as strategy, results and upcoming plans.

CONFERENCE DETAILS
When: October 24 - 25 at
Where: The Davenport Hotel, Spokane, WA.
Online: http://www.cambridgehouse.com/node/13049
Ronald Mann, President and CEO states; "Participating companies are pioneers for having the vision to see that conferences bring together the brightest investing minds from around the world. If they have this kind of vision when it comes to meeting investors, you should come hear their vision for the future of their own companies."
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to   www.DNAPreciousMetals.com .
On behalf of the Board
Ronald K. Mann, CEO
Forward Looking Disclaimer
This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
ronald.mann1@dnapreciousmetals.com
Twitter: www.twitter/dnametals
Facebook: www.facebook.com/dnametals
INVESTOR RELATIONS
Stuart T. Smith, CEO
SmallCapVoice.Com, Inc.
ssmith@smallcapvoice.com
Tel: +1-(512)-267-2430
Skype: SmallCapVoice.com
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Investorideas is compensated by DNAP for news and content publication and syndication ( October 2013 - five thousand for one month of news distribution on Investor ideas news wire ) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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