International Minerals Corporation (“IMZ”) is an emerging precious
metal producer with the commencement of mining at its 40%-owned
Pallancata high-grade silver-gold mine in Peru in late 2007, along with
advancement of its Rio Blanco gold-silver development project (100%
IMZ) and Gaby gold feasibility project (~70% IMZ) in Ecuador. IMZ is
well positioned with production and resource growth to become a
low-cost, mid-tier gold-silver producer in a few years.
Overview:
Achieved production and mine construction completion in just over
one year at the Pallancata silver mine in Peru through partnership with
operator Hochschild, with all start-up capital costs borne by
Hochschild.
Pallancata expected to be the fifth or sixth largest silver mine in the world in 2009 (~7 million ounces).
Second mine (Rio Blanco in Ecuador) is targeted for production within two years, pending permits.
Third gold development project (Gaby in Ecuador) is currently in
the preliminary feasibility stage, targeting production in a few years,
subject to final feasibility, permitting and financing.
Awaiting clarification of new mining law regulations in Ecuador.
Successful gold exploration company with over 15 years operating in
Ecuador and Peru with a project pipeline of early stage to advanced
drilling exploration properties for future growth.
International Minerals Corporation (“IMZ”) is an emerging precious
metal producer with the commencement of mining at its 40%-owned
Pallancata high-grade silver-gold mine in Peru in late 2007, along with
advancement of its Rio Blanco gold-silver development project (100%
IMZ) and Gaby gold feasibility project (~70% IMZ) in Ecuador. IMZ is
well positioned with production and resource growth to become a
low-cost, mid-tier gold-silver producer in a few years.
