Copper

Virgin Metals (TSXV:VGM) announced updates for their Los Verdes Project. The Company will also release a new Preliminary Economic Assessment in January 2012.

Virgin Metals (TSXV:VGM) announced updates for their Los Verdes Project. The Company will also release a new Preliminary Economic Assessment in January 2012.

As quoted in the press release:

On January 10, 2012, the Company will release a new Preliminary Economic Assessment for Los Verdes incorporating:
The new Los Verdes resource estimate;
Historic Potreritos resource estimates;
Updated commodity prices;
Recently finalized metallurgical analysis;
Newly developed capital expenditures based on a detailed metallurgical simulation and plant engineering design; and
A sensitivity analysis demonstrating the potential impact of the Potreritos acquisition as well as other identified economic opportunities.

Virgin Metals, President and CEO, Chris Frostad, said:

The material economic improvement resulting from our recent acquisition of the Potreritos project requires an adjustment to our schedule in order to accommodate its additional resources into the pre-feasibility study

Click here to read the Virgin Metals (TSXV:VGM) press release


Click here to see the Virgin Metals (TSXV:VGM) profile.

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1838.90+7.89
Silver21.51+0.37
Copper3.77+0.02
Palladium1930.50+53.50
Platinum916.00+5.00
Oil107.47-0.15
Heating Oil4.22-0.03
Natural Gas6.08-0.14

DOWNLOAD FREE REPORTS

×