TICKER: TSX.V:SMR
DESCRIPTION: Silvermex Resources Ltd. is a Canadian-based resource company focused on advancing economic silver resources to production. The company's portfolio of advanced-stage silver projects in Mexico hosts high-grade, near-surface, potentially bulk-mineable silver deposits. Silvermex has an initial M&I NI 43-101 resource of 32.7 Moz. silver and inferred resources of 9.6 Moz. silver. Its flagship project, San Marcial, which includes the newly acquired Rosario silver mine, in Sinaloa state, comprises just over 17,750 hectares with upgraded facilities and infrastructure.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"JM: Silvermex has superb management that it's imported from Hecla Mining and from Silver Standard Resources, in Chairman Art Brown and President Mike Callahan, plus several other senior people. . .They will be considerably higher than the price at which they did a financing about four months ago, which was CAD$0.45. . .The key to Silvermex is great management, ease of production and low capital expenditures. They should have a capex of less than $25 million to put the mine into production. When they acquired Rosario, they bought basically everything (including the tailings ponds—everything except the mill itself). It should be relatively easy to put Rosario into production. . .We view [the current share price] as a buying opportunity. In fact, we have bought stock around these prices."
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David Morgan, Morgan Report
(07/06/10)
"Within the past year, Silvermex has undergone a philosophical and practical 'turnaround' from being an exploration company to an explorer-cum-producer (in the making).
The company recently completed an extensive trenching and sampling program at San Marcial, confirming the continuity of high-grade surface vein structures. . .also negotiated and signed a 20-year surface rights agreement for exploration and potential future production."
Lawrence Roulston, Resource Opportunities
(06/25/10)
"Silvermex Resources is drilling at its Rosario/San Marcial silver project in Sinaloa, Mexico. Other work is continuing, leading toward the restart of operations. The company recently acquired the Rosario mill and two mines, located just 5 km. from its San Marcial mine.
The three mines have substantial resources already outlined: combining measured, indicated, inferred and historic estimates leads to a total of 47 Moz. of silver and more than 300 Mlbs. of base metals. The geological staff is presently compiling the historic data, as well as data from the previous operator of Rosario. The drilling now getting underway will fill in vital gaps in the existing database, providing the basis for a resource estimate later this year."
The Gold Report Interview with Lawrence Roulston (05/19/10)
"Silvermex Resources Ltd. is moving toward production on its silver project in Mexico. The company's gone through a management reorganization, and I think the new group is settling in. My expectation is that we'll see developments starting to happen there fairly soon."
View Entire Article: Lawrence Roulston: Don't Get Hung Up on Headlines
The Gold Report Interview with David Morgan (05/03/10)
"Silvermex Resources Ltd. is another one that I own. We've been in and out of that stock once. I think my readers got a profit. I actually took a loss because usually when I have a new recommendation, I get in after I recommend it. . .I like it. It's really a hard effort to become a producer. There's a different growth curve between discovery and a producer. Silvermex is kind of a mix as they are looking for more metal, drilling more and they're also looking to produce. So I like the company. I don't expect it to be a huge hard target, but I think it'll stay within the pack."
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