International Minerals eyed Ecuador for growth
International Minerals Corp. is reported to be one of those below the radar companies that quietly go about putting profitable mines into production with a minimum of fanfare. The company currently has a forty percent interest in the Pallancata Mine in southern Peru in partnership with Hochschild Mining PLC.
Stephen Kay, Chief Executive Officer and President of IMZ, stated:
The Pallancata Mine is now one of the world’s top ten primary silver mines. In 2009, the mine will expand again from 2,000 tpd to a planned 3,000 tpd by calendar year end to produce approximately 7 million ounces of silver and 25,000 ounces of gold in 2009.
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Wed, Apr 15, 2009
Post by Melissa Pistilli, Silver Senior Reporter