Mining trucks

[pianoheat]

Lisa who actually owns El Cubo

[Lisa Andrews]

It's owned by Endeavor Silver a canadian company that also owns a Bolañitos here in Guanajuato and Guanacivi further up north, will potential to have another mine close to puerto vallarta next year, which is what I'm hoping for so I can live close to the beach :)

All mine trucks are weighed we have a weigh station here but not big enough for the long ones I think, I'm sure they are weighed somewhere to stop ore being stolen or at least tracked.

[jesm]

While we hope your beach dream comes true we would hate to lose you and your insights into local mining. To pick your brain one more time, where does Great Panther Silver, another Canadian miner, fit in our local mining universe? I had thought they were the major player, but maybe it is your group. My interest rises from a "can't miss" stock tip given to us last year or so by a local ex-pat regarding Great Panther. The stock has actually declined since that time, and no we didn't take the bait.

[Lisa Andrews]

Great panther has a lease here that is close to our or maybe even borders on it, I have had a quick look at their website and it looks like they have 2 operating mines close by - guanajuato mine and san ignacio, but from the numbers I can see it looks like they are producing less about 773tpd and 370tpd respectively and all of their san ignacio ore is trucked.
Most mining stock should have taken a hit with the lower mineral prices around at the moment. They seem to have a decent amount of drilled stocks but without looking at the actual drillholes I can't way whether I think they would be profitable and I would never personally trust the geologists interpretation of them. They are also spread quite far out which makes it look like they have lots but actually means it costs more and takes longer to get to. They also advertise somewhere that they have kilometres of underground development which is also not necessarily a good thing because often they are small and you have to remine them to enter or the good stuff has been taken out and you have to figure out how to get the rest of it.
It looks like they are a very similar company to endeavor, especially the mines here where we are mining lots of remnant stopes (the name we use for where the mineral is) while looking for newer easier stuff to mine. We both mine fairly narrow stopes (less then 1m) but both have reserves with slightly larger stuff so it depends on how they decide to mine it. I would assume that now is more the time to buy mining stocks while the mineral prices are quite low but many companies are making lots of workers redundant and closing around the world so you have to chance that bit.
Feel free to ask any questions, it's not an area that many people ever get to know about, I will try and get some of my underground photos to share too :)

[pianoheat]

Thanks for the great responses It's an interesting subject and I too dabble in mining stocks. Mostly Canadian owned and mining in Mexico

[Lisa Andrews]

Update to the trucks - we are increasing the capacity of our mill here to handle 2000tpd (currently at 1800tpd and producing 2200tpd) should be done by November (potentially mexican time) so trucks will halve then, maybe a slightly quieter Christmas present :)

[jesm]

We'll take it! Thanks for passing that along.
It has seemed much quieter around the park in the past few days.

[jesm]

Update.
First, there are fewer trucks moving thru, and most follow the via panoramica, keeping away from the Parque and La Presa de La Olla, wonderful.
Second, most of the trucks now seem either newer, better brakes, or quieter not using that dreaded "jake" brake" as much.
Gracias a El Cubo. Keep it up.

[Lisa Andrews]

They are through the contractor and from what I could see ranged between 50t-100t capacity. You would have to contact the contractor to find out, I didn't have any involvement with it and aren't working there any more :)