Precious Metals

Candelaria Mining Corp. would like to invite individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentation on DATE: December 8, 2021 TIME: 7:30AM PST 10:30AM EST LINK: This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event ...

Candelaria Mining Corp. (TSX-V: CAND, OTCQX: CDELF) (the " Company ") would like to invite individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentation on

DATE: December 8, 2021
TIME: 7:30AM PST / 10:30AM EST

This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at .

Mike Struthers
+1 604 349 5992

For further information, please contact:

Candelaria Mining Corp.
Investor Relations
+1 604 349 5992 |

News Provided by GlobeNewswire via QuoteMedia

Candelaria Mining

Candelaria Mining


2020 has changed the gold industry in many ways, with the early pandemic period seeing a significant spike in gold's value. One analyst aggregated forecasts to determine that the value of gold is projected to reach between US$2,000 and US$4,500 beyond 2021.

The recent peaks and troughs of the gold price have resulted in a resurgence in merger and acquisition activity. In 2021, the mining space saw big transactions completed: Newmont (NYSE:NEM,TSX:NGT) acquired GT Gold for US$311 million, Fortuna Silver Mines (NYSE:FSM, TSX: FVI) acquired Roxgold, AngloGold Ashanti acquired Corvus Gold.

In an interview with Byron King who writes Whiskey & Gunpowder at Agora Financial, he shared that major mining companies, "need some assets to start to support those valuations. So they have to start to look for ways of bulking up just their internal ownership of gold in the ground or development projects, if not early stage mining projects." King also reminded investors to look at juniors with management that have worked with major mining companies before.

Candelaria Mining (TSXV:CAND) is one such company. CEO Mike Struthers brings in an impressive 40 years of experience in mining companies such as Lundin Mining (TSX:LUN) where he was Projects Director for seven years, working on a variety of capital projects and mine expansions; and 15 years with international mining firm AMC Consultants where he worked with an impressive clients list including majors such as Rio Tinto and BHP Billiton. Non-executive Chairman Neil O'Brien was also part of Lundin Mining, helping grow the company from a 3 person team in Stockholm until retiring as a Senior VP Exploration and New Business Development.

Candelaria Mining is also strongly supported by major gold mining company and strategic investor Agnico Eagle.

The company currently has two 100-percent owned high-grade gold projects in Mexico: Pinos and Caballo Blanco, the company's flagship project. Candelaria Mining has the potential to become a 150,000 oz/year gold producer between these two high-grade assets.

The Caballo Blanco District contains a variety of low- and high-sulphidation epithermal gold targets, in 3-4 mineralized centers, together with porphyry Cu-Au targets in the south, and has six high-priority drill-ready targets that will be tested during 1H 2022. The most advanced project in the district, La Paila, had a PEA completed in 2012 (using $1150/oz gold price) which envisaged an open pit/heap leach project producing an average of 100 koz gold per year for 7 years. The district is adjacent to Azucar Minerals' El Cobre Property which has demonstrated five porphyry systems to date. Strategic investor Agnico Eagle recognizes the potential of the district and is strongly supportive of Candelaria. It is also worth noting that gold mining major Newcrest Mining owns 19 percent of Azucar Minerals.

Pinos has a construction timeline of 12-14 months and will commence upon finalizing project financing. The project has a positive PEA that states an average yearly production of 12,700 gold equivalent ounces during the initial seven years of the mine life.

Company Highlights

  • Candelaria Mining is an exploration and mining company focused on developing two high-grade gold projects in Mexico
  • Agnico Eagle is a strategic investor with 16 percent stake in the company
  • Both of Candelaria Mining's projects target high-grade gold assets that could see the company evolve into a 150,000oz/year gold producer.
    • Caballo Blanco District contains one PEA-level project and 3-4 centers of gold mineralization with multiple drill-ready high-priority targets to be tested in 2022;
    • Caballo Blanco is adjacent to Azucar Minerals' El Cobre Property which has demonstrated five porphyry systems to date. Newcrest Mining owns 19 percent of Azucar Minerals.
    • Pinos is fully permitted with a 12-14 months construction schedule.
  • Management team has decades of experience with major and junior mining companies in a variety of jurisdictions throughout the world.

Key Projects

Caballo Blanco

This 100-percent owned project is located in the state of Veracruz on the eastern Mexican coast. The project location has excellent infrastructure with easy access, communications, and regional power networks all nearby. Water is supplied by local wells, and phone lines and high-speed Internet have already been established.

The Caballo Blanco District contains two regional scale mineralization centers, referred to as the Northern Zone and the Highway Zone, each with multiple priority targets within. These targets comprise low- and high-sulphidation mineralisation, together with porphyry-style mineralization in the south-east. A 2017 CIM-compliant pit-constrained resource on the most advanced project, La Paila, contained 512 koz of gold in the Indicated category, along with 95 koz as Inferred material, with the potential for that resources to further expand in three directions. 2022 will see the company drill-testing a number of other key targets to understand the potential scale of the mineralization and resources in the district as a whole.

Caballo Blanco is located near Azucar Minerals' El Cobre project that has five copper-gold porphyry zones along a 4-5km trend.


The Pinos project is located in a highly productive mining belt located in Zacatecas, the 2nd largest mining state in Mexico. The project is 12-14 months away from production and has historically produced gold with grades of 30-50 g/t gold from the 33 shafts throughout the district.

This project already has excellent infrastructure, including a paved road directly to the mine's entrance. The project has been fully permitted and will be an underground cut-and-fill operation. Mill equipment is already available and the former mine development is usable with minor rehabilitation.

Existing infrastructure and facilities contribute to a low pre-production capital cost that will allow the mine to profitably operate at approximately US$85/tonne. A study is currently underway to further define the additional resource potential for the wider licence area, in this old mining district, and to prepare for construction.

Management Team

Mike Struthers - CEO

Former CEO and current Director of Empire Metals; Projects Director Lundin Mining Corp. responsible for multiple strategic brownfield growth projects in operations in Portugal and Chile; formerly COO/Tech. Director of a Russian minerals company with large base-metals assets in Siberia; Director / Principal Geotechnical Engr for major international mining consultancy; senior roles in mining operations in Africa and Australia. 40 years in the mining industry.

Ramon Perez - President, Director

Former VP and co-manager of Carrelton Horizon Natural Resource Fund. Previously Senior Analyst in the Latin American division of Salomon Smith Barney Asset Management.

Armando Alexandri - COO

Mr. Alexandri is a mining engineer with 40 years experience in mining and metallurgical design with multiple companies including COO Dia Bras in Mexico and Peru (Sierra Metals Inc), COO Core Gold Inc., and COO of Impact Silver. Mr. Alexandri is also a consultant and advisor to Apian Capital and numerous mining projects. received his B. Eng. in Mining Engineering - Cum Laude from Universidad de Guanajuanto, Mexico in 1978, and qualified in Business Administration from Universidad de Monterrey in 1984. Together with a core team of engineers and geologists he has built & operated over 10 mines in Mexico.

Sam Wong - CFO

Former controller at Luna Gold, Mr Wong oversaw the finance division during Luna's transition from development through to commercial production. Mr. Wong is a Chartered Accountant and articled at Deloitte & Touche LLP in Vancouver, BC where he specialized in assurance and advisory for mining companies.

roll of US bills

Top Stories This Week: Gold Drops After FOMC Meeting, How Low Can it Go?

Gold took a tumble this week, although it started the period strong.

The yellow metal traded between about US$1,835 and US$1,850 per ounce from Monday (January 24) to Wednesday (January 26), but dropped mid-week. It was just over US$1,785 by Friday (January 28) afternoon.

So what happened to gold? The major event this week was the year's first Federal Open Market Committee (FOMC) meeting, which took place from Tuesday (January 25) to Wednesday.

Keep reading... Show less
Endurance Invited And Exhibiting at AME Roundup Core Shack Featuring High-Grade Drill Intersections From The Reliance Gold Project BC

Endurance Invited And Exhibiting at AME Roundup Core Shack Featuring High-Grade Drill Intersections From The Reliance Gold Project BC

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to announce that the Company will be exhibiting, in-person and by special invitation, at the 2022 AME Roundup Conference Core Shack located at the Vancouver Convention Centre West on Monday, January 31 and Tuesday, February 1.

Display Drill Core will include representative core from the four best holes drilled by the Company at the Reliance Gold Property (the "Property") in 2021 from drill holes spread along a 750 m trend which returned 15.7 gpt gold over 24.8 m including 26.96 gpt gold over 4.1 m, 8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m, 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m, and the most recent drill announced last week of 1.70 gpt gold over 62.1 m.

Keep reading... Show less
Metals Creek Resources CEO Alexander Stares

Metals Creek Resources CEO Alexander Stares: Advancing Two Top-notch Properties in Ontario

Metals Creek Resources (TSXV:MEK) provided an update on its Dona Lake and Ogden gold projects in Ontario.

Metals Creek Resources CEO Alexander Stares shared, “We've been hitting some really nice stuff at Ogden. We just finished SGH soil sampling and we're in the process of doing deep-section IP. We're going to put all this data together, and we should be able to generate some really good drill targets. In about three weeks, we'll be back in Timmins drilling again. In my opinion, these are two top-notch properties. What more could an investor ask for?”

Keep reading... Show less

Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2021 Results

Franco-Nevada Corporation is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.32 per share payable on March 31, 2022 to shareholders of record on March 17, 2022 (the "Record Date"). This is a 6.7% increase from the previous US$0.30 per share quarterly dividend and marks the 15 th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 are now receiving an effective 10.7% yield on their cost base. The Board of Directors has determined to move its annual dividend reviews earlier in the year than prior practice starting with 2022. The dividend policy will now be reviewed at the beginning of the fiscal year so that any increases to the dividend will be effective for the full fiscal year rather than commencing in Q2 as in prior years. The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive "eligible dividends" are entitled to an enhanced gross-up and dividend tax credit on such dividends.

The Company has a Dividend Reinvestment Plan (the "DRIP"). Participation in the DRIP is optional. The Company will issue additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. The DRIP and enrollment forms are available on the Company's website at . Canadian and U.S. registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at . Canadian and U.S. beneficial shareholders should contact their financial intermediary to arrange enrollment. Non-Canadian and non-U.S. shareholders may potentially participate in the DRIP, subject to the satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether they satisfy the necessary conditions to participate in the DRIP.

Keep reading... Show less
Quadro Resources

Quadro Announces Remaining 2021 Assay Results from Staghorn, Central Newfoundland Gold District

Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce the remaining assay results from its 2021 Staghorn gold project, Newfoundland. Further to its November 18, 2021, news release, in which the Company announced the discovery of a new gold zone intersected from the inaugural exploration drill program at its Long Lake property, in Central Newfoundland, Quadro's assays results from four drill holes at Staghorn remained overdue due to assay lab-related delays. After completing the Long Lake drilling, the drill was mobilized to Quadro's Staghorn property where an additional 891 meters were completed in four holes at the southwest end of the Marks Pond zone.

Cannot view this image? Visit:

Keep reading... Show less
Metals Creek Drills 9.2 g/t Gold over 4.47 meters at the Ogden Gold Project

Metals Creek Drills 9.2 g/t Gold over 4.47 meters at the Ogden Gold Project

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for six holes recently drilled on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

The Thomas Ogden Zone (TOG) was the main focus of the drill program, totalling 2,076 meters. By means of oriented core, the program's emphasis was to further define the orientation of high-grade cross cutting veins and mineralization, as well as determining true orientations of contacts, fold structures and faults within a very complex sequence of stratigraphy. Three of the six holes drilled had visible gold.

Keep reading... Show less

Latest Press Releases

Related News