Grandich Client: DONNER METALS
posted on
Apr 19, 2013 04:09PM
I’ve asked each client of mine to answer the following question for posting on the blog: “How has the recent market action impacted your company and what’s your outlook going forward?” Below are the exact quotes received:..PG
“Although we are within a month of full production at the Bracemac-McLeod mine with our partner Xstrata Zinc, there is a lack of recognition in the market that the project has been de-risked. There has been a recent decline in zinc prices, but it’s not expected to last. Xstrata is closing its Brunswick mine in Canada this month, an operation which yielded 2.9 million tonnes of ore last year. We believe that this closure, the shutdown of the Perseverance mine in Canada, the start of production at Bracemac-McLeod, the other forthcoming mine closures, and the predicted rally in zinc prices should positively impact the market value of Donner Metals”.
Donner Metals Ltd (TSX.V: DON) has a zinc/copper mine beginning full commercial production next month (May 2013) in Matagami, Quebec with joint venture partner Xstrata Zinc. Recent news of high-grade intersections between the deposits at the mine shows strong potential for expanding the life of mine beyond the 7+ years expected that the 3.73M tonnes reserves (9.6% zinc, 1.26% copper, 28.25 g/t silver, 0.43 g/t gold) and 2.63M tonnes inferred resources will produce. A 63,000 metre drilling program is ongoing, designed to extend the mine life and explore regionally in this world-class mining camp.
President and CFO Normand Champigny, and CEO Harvey Keats
http://www.grandich.com/2013/04/grandich-clients-3/