Doug Dobbs, president of Mines Management, discusses the work his company is doing at the Montanore silver-copper project, also offering some words of encouragement with regards to the silver price.
In the interview below, Dobbs discusses recent developments at the company’s Montanore silver-copper project in Northwestern Montana. He also touches on the measures his company is taking to remain successful in today’s price environment. “We have a cash conservation strategy in place that allows us to reduce our cash burn in this time of lower metals prices,” he states, adding, “those cash conservation measures are critical to extending the life of the cash that we have in the bank as we move through the remaining part of the permitting process for the Montanore.”
In closing, he touches on First Majestic’s (TSX:FR,NYSE:AG) recent decision to refrain from selling nearly a million ounces of silver and offers some words of encouragement for those who may be losing faith in the white metal.
Mines Management is a US-based mineral company focused on the acquisition and exploration of silver-dominant mineral deposits. The company’s primary focus is on the advancement of the Montanore silver-copper project located in Northwestern Montana, and its goal is ultimately to become a new mid-tier producer of precious and base metals.