This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mexoro Minerals Ltd Clears S-1 Filing, Completes Start-Up Operations At Cieneguita, And Finalizes Guazapares Sale

The Company has also installed a fully-equipped laboratory and sample preparation facility which will allow improved response time when monitoring mined material, concentrates and drilling results.  Pictures of the mine and mill operations are available on our website.

Outlook for Full Start-up and Beyond:

Start-up at a steady 1,000 ton-per-day level is expected to be achieved imminently as the water well is brought on line. The first revenue from startup production is expected to be received by early February.  Based on expected costs and recoveries from the initial operations, the 1,000 ton daily rate should be sufficient to cover the Company's ongoing administrative costs and a significant portion of its exploration programs.  The Company plans to double the production rate during the course of 2010.  The feasibility study being undertaken by Minera Rio Tinto is expected to justify a much larger operation.  

Regarding the company's progress to date, President George Young notes:  

"The vision brought to mind from what has been accomplished is far-reaching. We are in the midst of a gold exploration boom within one of the world's largest epithermal provinces.  Six years ago, prior to government changes in policy, the area had virtually no gold production, but now the amount produced already exceeds 1 million ounces annually.  The potential for further growth is immense as large areas of similar geology remain substantially un-explored.  

Our management has a long history in the area and with it the knowledge and ability to acquire major exploration assets.  Combined with our demonstrated talent and experience in mine construction and start-up, what we have is quite remarkable for a small company.

In effect, at our Cieneguita Project, we have commenced operations for the level of investment that many companies would still be expending in the exploration phase, still performing feasibility, and still undergoing engineering. These matters have been taken care of largely from the bulk sampling that was previously done, by campaigning that material through the Choix mill, and knowing how to approach this type of ore body from previous experience with similar ore bodies.

3 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs