International Minerals Corporation (“IMZ”) is an emerging precious metal producer with the commencement of mining at its 40%-owned Pallancata high-grade silver mine in Peru in 2007, along with advancement of its Rio Blanco gold-silver development project (100% IMZ) and Gaby gold feasibility project (~75% IMZ) in Ecuador. IMZ is well positioned with production and resource growth and a rock-solid balance sheet 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.
Production at Pallancata expected to increase over the short term, with associated increase in free cash flow to IMZ.
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 feasibility stage, targeting production in few years, subject to final feasibility, permitting and financing.
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 mine in Peru in 2007, along with advancement of its Rio Blanco gold-silver development project (100% IMZ) and Gaby gold feasibility project (~75% IMZ) in Ecuador. IMZ is well positioned with production and resource growth and a rock-solid balance sheet to become a low-cost, mid-tier gold-silver producer in a few years.
