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  Minera Andes Inc.  

TICKER:  TSX.:MAI ; OTCBB:MNEAF
DESCRIPTION:  Minera Andes' San Jose high-grade silver/gold mine in southern Argentina began production on schedule in June 2007. Full production, based on 750 tons of processed production per day, is anticipated to yield 64,000 ounces of gold and 3.9 million ounces of silver per year. Minera Andes has teamed up with a proven, major Peruvian mining company to bring its San Jose Project to production. Minera Andes receives 49 percent of the value of San Jose's production, and its operating partner, 51 percent. The partnership is also exploring other targets within the 99,000-acre San Jose project.

Click here to listen to an interview with Minera Andes' President, Allen Ambrose on wallst.net. The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the company's ticker symbol in the Search Archive window.

WEBSITE:  http://www.minandes.com
Pinnacle Digest: Development at Los Azules Spurs Discussion and Review Bull and Bear Report

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.
The Gold Report "We're telling people to buy Minera Andes Inc. (TSX.V: MAI;OTCBB:MNEAF). It has cash flow and deposit expansion. It’s similar to Sherwood except it’s a gold-silver project in Argentina. We like it quite a lot. We think they will be able to double their output. They are trading at around a 5 P/E ratio, which is typical for this market. This stock could easily double over the next 12 months." (9/5/08)
    -   Hard Rock Advisory Journal, The Gold Report Interview with David Coffin

The Gold Report "There are plenty of juniors that as companies are doing just fine. Look at Minera Andes Inc. , as one example. They have a producing gold mine and a very nicely developing copper mine. The company’s market value, though, is actually less than the prospect they have, which is the Los Azules copper deposit. So you’re getting the gold mine for free and it’s producing positive cash flow. Yes, the company has some debt, but I would say all in all the company’s made fabulous progress over the last few years and is basically sitting at price levels that are ridiculous. There are a lot of companies that continue to do just fine and continue to finance themselves forward and make progress. I guess the point is we haven’t hit that point yet where psychology has really changed and big capital has started chasing money in the ground. I think that day is coming. I’m not sure I know exactly when it’s coming, but I think that’s the kind of thing we can recognize when it happens and we just have to be on top of it." (8/26/08)

Read full article: The Gold Report Interview with Frank Barbera

    -   Gold Stock Technician, The Gold Report Interview with Frank Barbera

The Gold Report "One that’s good is Minera Andes Inc. They have what appears to be a very large copper discovery in northern Argentina. I like that. It’s like many others down there, but it also has production, although it hasn’t seen any cash flow from its partner yet. Production should be effectively doubled by the second quarter of next year. " (8/22/08)
    -   The Gold Report Interview with Rob McEwen

The Gold Report "There's also a company called Minera Andes that is one of my favorites. The company has been around for quite some time in Argentina. They have very good management. Rod McEwen is a large investor in the company. I like the management; I like their style; I like their execution.

They have a very large and sophisticated partner for their project that is in production, which is Hochschild Mining (HOC: LSE), a big mining company in Latin America, listed on the London Exchange actually. So, they’re a 49% owner in a producing mine in San Jose, Argentina.

They’ve expanded the project, which (the expansion) should start operating later this year. And they paid their part of the cost of the expansion, but have not yet reaped the benefit. The expansion should double their production making them a significant producer." (7/8/08)

    -   The Gold Report Interview with Sean Rakhimov

The Gold Report "Its properties are all early stage exploration properties, except for the San Jose mine. The company's focus is primarily on gold, silver and copper mineralized targets. Its material properties are the San Jose project and the Los Azules project.

The company owns a 49% equity interest in Minera Santa Cruz (MSC), which owns the San Jose gold/silver property in Santa Cruz province in southern Argentina. The San Jose mine commenced production during the second quarter of 2007 and approached full production by year-end 2007. It is anticipated that the gold and silver produced in the first quarter of 2008 will be sold in Q2 2008 at the prevailing market prices. Based on a gold price of $850 per ounce and silver price of $16 per ounce the total metal production for Q1 2008 at the San Jose mine has a gross metal value of $26 million. The processing plant, which is still in the commissioning phase, is forecast to reach full capacity in the first half of 2008. The mine comprises more than 13 km of underground workings accessed by ramps accessing the Huevos Verdes and Frea veins. A third ramp has also been constructed to access the Kospi vein, where 173 meters of the vein have been developed.

On the basis of 750 tons-per-day of production, the San Jose mine is estimated to produce about 60,000 ounces of gold and 3 million ounces of silver per year."(5/14/08)

    -   Centre Daily Times




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