This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Applied Minerals, Inc. To Investigate Options For Monetizing Its Non-Core Idaho Silver Properties

Applied Minerals, Inc. (OTCBB: AMNL), a leading global producer of Halloysite Clay from its Dragon Mine property in Utah, is pleased to announce that the Company engaged the services of Victor Lazarovici to assist the company in seeking options to maximize the value of its non-core Idaho silver properties. For twenty years, Mr. Lazarovici was a highly ranked global metals and minerals analyst in Canada and the United States. He is the only analyst to attain the #1 ranking in both Canada and the United States for research on the metals and mining industry in the Greenwich Associates survey. Mr. Lazarovici worked for a number of leading firms including BMO Capital Markets and Citigroup Inc. Prior to his time as an analyst, Mr. Lazarovici spent fourteen years in the corporate sector in engineering, financial and corporate development roles, with extensive experience in mergers, acquisitions and restructurings.

Maximizing the Value Of the Idaho Properties

Mr. Lazarovici’s principal focus for Applied Minerals will be to assist the Company in evaluating alternatives for the Company’s non-core properties located in northern Idaho’s historic Coeur d’Alene district – “Silver Valley,” the world's second largest silver district, having produced over 1.2billion ounces from 1884-2009. The largest such property is the Atlas Mine. The property was partially explored by Noranda from 1975-1977. It was determined that the mineralized zones identified from their drilling was not deemed economic to mine with silver prices then averaging $4.60/ounce. In 1981, with silver prices as high as $16/ounce, Atlas entered into an exploration agreement with neighboring Hecla Mining, the largest silver producer in the region. Under the agreement, a commitment of $1.3 million was made for furthering exploration in exchange for a 60/40 Hecla/Atlas net smelter split. In 1985, with silver prices plummeting to an average $6.14/ounce and failure to identify an ore body economically feasible to mine, the agreement was terminated and further development was cancelled. For the following 20 years, silver prices ranged from $3.93 - $7.32/ounce which was too low to justify further exploration expense.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

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