JOHANNESBURG (miningweekly.com) – Silver miner Alcyone Resources has signed a A$25-million financing deal with global hedge fund Platinum Partners, and has also agreed to a A$5-million buy of the Red Arrow mine, in the US.
Alcyone said on Wednesday that the financing deal would fund the company’s growth by way of value accretive acquisition opportunities in the precious metals space.
With the completion of its crusher upgrade at the Texas silver mine, in Queensland, the company would undertake a plan to aggressively build its portfolio of precious metals through acquisition and consolidation of high-grade and undervalued assets.
Alcyone has now entered into an agreement with Platinum Partners to acquire the Red Arrow gold and silver mine for A$5-million. The acquisition would be funded by way of a A$1-million equity issue with Platinum and a A$40-million convertible loan note to be drawn on release and the grant of security changes.
The equity issue would consist of some 200-million shares, at a price of 5c each.
“With our silver mine in Queensland now running at a 1.1-million tonne a year capacity, our plans going forward with Platinum Partners are to build a portfolio of high-value precious metals mining interest,” said Alcyone nonexecutive chair Paul D’Sylva.
“Through the acquisition of the Red Arrow mine, in a renowned mining area of Colorado, we are well placed to add a second world class precious metals project to our portfolio, which has excellent development potential, with high gold and silver concentrations and nearby access to a maintained public road system.”
The Red Arrow project consists of 370 acres of patented mining claims and 160 acres of unpatented mining claims. The mine has historically produced commercial grade gold and silver ore, and has a high concentration of gold and silver, along with existing mining infrastructure.
D’Sylva said that with the A$25-million funding in place, Alcyone was now in a position to step up the process of reviewing a number of investment opportunities which would further expand and diversify the business.
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ASX ANNOUNCEMENT 8 January 2014 Suit 2 Level 4, 85 South Perth Esplanade Phone: +61 8 9476 3000 ASX Code: AYN South Per th Western Australia 6005 Fax: +61 8 9368 1924 www.alcyone.com.au Email: email@example.com Alcyone ships 15,000 ounces in the last week of 2013 Highlights: Alcyone commissions primary crusher upgrades and achieves nameplate crusher rates. Mining has now accessed high grade blocks with next ore block expected to deliver > 142,000 stacked o unces . Al c yone forecast s to increase production rate to ~ 25,000 ounces per week. Final part of crusher upgrade now due for construction and e xpected to occur in coming weeks . Precious metals producer Alcyone Resources (ASX: AYN ) (" Alcyone " or " Company ") is pleased to advise that it has achieved s everal key production milestones at its Twin Hills Silver mine in Southern Queensland. Following the recent commissioning of the primary crusher upgrade in early December 2013 , tonnages are now at the nameplate capacity of 1.1 million tonnes per annum at the front of the circuit with the crusher deliver ing over 45,000 tonnes for leaching at a rate of 130 t onnes p er h our or 96,000 tonnes per month. D uring this post commissioning period , 98,381 ounces were stacked which is in line with current schedules and will underpin ongoing leaching in the coming months. Once the heap leach pads have access to ongoing sustained higher stacked ounces , the Company expects to achieve a production rate of 25,000 ounces per week compared to more than 15,000 ounces shipped in the last week of December 2013 . The mining rate fr o m the Twin Hills mine has increased to meet the new demand schedule from the crusher. During the same period , the mining department delivered 73,617 ounces and moved 136,860 tonnes from the pit. Mining has now accessed high grade blocks with the next ore block anticipated to produce in excess of 142,000 ounces of ore feed available for stacking. The final stage of the crusher upgrade is moving forward with the foundations poured in preparation for transport and commissioning of the High Pressure Grinding Rolls (HPGR). The installation of the HPGR will not only allow the Texas Silver mine to increase recovery by o ver 5 % representing an increase of $22 million in revenue over life of mine but also provide the platform for tonnages to exceed 1.1 million as the new design allows the HPGR and Quad Rolls Crusher to work in tandem mitigating the risks of mechanical down time. ENDS For further information: For media enquiries: Michael Reed – Managing Director David Tasker Alcyone Resources Professional Public Relations Phone: +61 - 8 9 476 3000 Phone: +61 8 9388 0944
und wird sich da wieder mal irgend etwas tun?? oder hat die sich jetzt hier eingependelt?? Habe noch immer einen Bestand, soll man gleich abschreiben, oder hoffen auf bessere Zeiten ..... Was sagt ihr??