DESCRIPTION:  Minefinders is a precious metals mining and exploration company. The company's flagship Dolores Mine in Mexico commenced production of gold and silver in November, 2008 and is expected to produce more than 1.7 Moz. gold and 64.4 Moz. silver from heap-leach operations over a 15.5-year mine life. There is potential to increase production from operations by increasing high-grade recoveries with the addition of a mill and by expanding the mine into areas of additional mineralization.

Watch President Mike Bailey on CEO Clips (3/17/10)

   The Gold Report Interview with John Lee (07/12/10)

"Yes, [Minefinders] is a good gold and silver deposit, modest in size, and it does have a fairly hefty market cap, around half a billion dollars, as I recall. Its production is still in its infancy. It's a good jurisdiction, in my view." View Entire Article: John Lee: Blame Volatility on Summer Doldrums, Not Deflation

   The Gold Report Interview with Mike Niehuser (07/21/10)

"Minefinders is now profitable. . .has good potential to outperform market expectations this year. . .Company guidance for the year anticipates higher grades of gold in the second half and silver grades stepping up each quarter. They also appear to be focused on improving the recovery rates of silver, which also should lift production. As Minefinders is unhedged, it should benefit from higher metal prices; and, with increasing production, costs per ounce of production should decrease. A combination of these events should provide good opportunity for increasing profitability in 2010." View Entire Article: Mike Niehuser: Producers' Upside Potential

   Leo Goldman, Market Intellisearch (07/22/10)

"MFL options saw interesting call activity today. A total of 29 put and 4,450 call contracts were traded raising a low Put/Call volume alert. . .a low Put/Call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move. Shares of Minefinders gained $0.26 (+3.10%) to $8.64."

Andrew Kaip,   BMO Capital Markets (07/15/10)

"A prefeasibility study on MFL's La Bolsa project in Sonora, Mexico, points to an 8.5 Ktpd. open-pit, heap-leach operation capable of producing 228 Koz. gold and 315 Koz. silver at US$516/oz. gold (net byproduct) over a six-year mine life. Assumptions were based on an operating strip ratio of 1.5:1 and average recoveries of 72% for gold and 7% for silver. The initial capex is estimated at US$31.4M (including US$7M in working capital) and sustaining costs of US$12.5M. . .The BMO Research NPV for La Bolsa is US$0.48/share, representing 5% of MFL's total project NPV."

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