Viral News brings you a special behind the scenes interview with the Mercenary Geologist himself, Mickey Fulp.
The Mercenary Geologist Michael S. "Mickey" Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas, and water in North and South America, Europe, and Asia.
Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for over 20 years, specializing in geological mapping, property evaluation, and business development. In addition to his professional credentials and experience, Mickey is high-altitude proficient and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia.
Mickey is well-known and highly respected throughout the mining and exploration community for his ongoing work as an analyst, writer, and speaker.
For more Mickey Fulp, check out his website mercenarygelolgist.com or follow him on twitter @mercenarygeo
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TORONTO, Feb. 12, 2013 /PRNewswire/ - Sierra Metals Inc. (TSX-V:SMT)(BVL:SMT)
("Sierra" or the "Company") is pleased to announce that the Company has
adopted a policy whereby it intends to declare and pay cash dividends on a
quarterly basis. In respect of the year 2013, the Company intends to pay
aggregate cash dividends of approximately $10 million.
Accordingly, the board of directors (the "Board") declared today that the
Company will pay a cash dividend of approximately $2.5 million or $0.016 per
common share ("Common Share") payable on or about April 30, 2013 to the
holders of the Company's issued and outstanding Common Shares as of the close
of business on March 31, 2013.
Press Release Highlights:
* Sierra announces its first dividend policy as a result of strong cash
flows from our Yauricocha mine in Peru and operational improvements at the
Bolivar mine and Cusi project in Mexico.
* Sierra intends to pay approximately $10.0 million in 2013, commencing with
the declaration of a cash dividend of approximately $2.5 million or $0.016
per Common Share payable on or about April 30, 2013.
* Simultaneously, the Company's 82% owned subsidiary Sociedad Minera Corona
S.A. ("Corona") has approved a dividend to its shareholders of US$40.0
million. The Company will receive US$32.7 million of this dividend.
* After this dividend, the Company will have received US$98.7 million in
dividends from its US$285.6 million investment in Corona in May, 2011.
* Sierra's board of directors is also considering the implementation of a
share buyback programme under Canadian laws.
Daniel Tellechea, President and CEO of Sierra Metals, commented: "Sierra is
very pleased that it has progressed to the point that the adoption of a
dividend policy has been made possible. The announcement of this policy is a
testament to the value and high returns achieved through the Yauricocha mine
acquisition in Peru and operational improvements achieved at its Bolivar mine
and Cusi project in Mexico. This dividend policy is an important milestone
because it is the first in the Company´s history and comes as a consequence of
Sierra's focus on shareholder returns, capital discipline and financial
strength. Sierra's net debt position has fallen from $121 million in May 2011
to $6 million in September 2012 which is impressive considering that the
Company has implemented an aggressive capex programme in Mexico and Peru which
materially expanded ore reserves, resources and production capacity".
The declaration and payment of future dividends will be subject to the
Company's cash requirements as well as the satisfaction of statutory solvency
tests. In addition, the Board will assess future year's dividend payout
levels, from time to time, in light of the Corporation's financial performance
and its then current and anticipated business needs at that time.
All figures in this press release are expressed in Canadian dollars unless
About Sierra Metals
Sierra Metals Inc. is a Canadian mining company focused on precious and base
metals from its Yauricocha mine in Peru and its Bolivar mine in Mexico. The
Company is also advancing its Cusi silver project in Mexico from advanced
development into commercial production. In addition, Sierra Metals is
exploring several precious and base metal targets in Peru and Mexico. Projects
in Peru include Adrico (gold), Victoria (copper-silver) and Ipillo
(polymetallic) at the Yauricocha Property in the province of Yauyos. Projects
in Mexico include Bacerac (silver) in the state of Sonora, La Verde (gold) at
the Batopilas Property in the state of Chihuahua, and Las Coloradas (silver)
at the Melchor Ocampo Property in the state of Zacatecas.
This press release does not constitute an offer to sell or solicitation of an
offer to buy the securities in the United States or any other jurisdiction.
The Common Shares will not be and have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from the
Neither the TSXV nor its Regulation Services Provider (as that term is defined
in policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE Sierra Metals Inc.
on Sierra Metals, please visit sierrametals.com or contact:
President & CEO
Sierra Metals Inc.
1 (866) 493‐9646
Director, Investor Relations
Sierra Metals Inc.
1 (866) 493‐9646# vimeo.com/60264891 Uploaded 80 Plays 0 Likes 0 Comments
Analyst Jay Taylor gives his top recommendations for 2013 at the Vancouver Resource Investment Conference. Prior to consideration for research, these companies are weighed against others from all aspects one may want to consider when making an informed investment decision. Presented by Viral Network Inc. this video is intended for information purposes only, and is not to be relied upon for the buy or sale of securities.
For more info from Jay Taylor, subscribe to his weekly newsletter at miningstocks.com. He can also be reached at jaytaylormedia.com, and you can follow him on twitter @jaytaylormedia.
For more info from Viral Network Inc, check out the website viralnetworkinc.com# vimeo.com/58388767 Uploaded 36 Plays 0 Likes 0 Comments
Calyx owns a proprietary portfolio of patents with respect to modifying and engineering
agricultural crop traits. These technologies ("ETL Technology") have been licensed to
Agrisoma Biosciences Inc., a partially owned subsidiary, which is applying these
technologies primarily to an oilseed crop called "Carinata". Calyx is entitled to a 5%
royalty on Agrisoma's product sales incorporating ETL Technology.
Agrisoma owns the breeder rights to a new "designer" seed crop called Carinata, which
grows more oil per acre than other oilseed feedstocks. Carinata is being further enhanced through ETL Technology. Agrisoma is a seed company that sells Carinata seed to farmers. 2012 was the commercial launch of Carinata seed sales.
Multi-billion gallon demand for renewable oil feedstock for biodiesel and biojet fuel from
non-food sources. Aviation is an industry that has committed itself to zero carbon growth through biojet fuel usage, creating huge demand.
Carinata offers rapidly scalable opportunities to profitably produce high-quality renewable oil at a price point competitive to other feedstocks, while utilizing existing crushing/refining infrastructure.
Website: calyxbio.com/Uploaded 12 Plays 0 Likes 0 Comments
2013 Vancouver Cambridge Resource Investment Conference overview featuring interviews with Peter Schiff, Jay Taylor, Ryan King of Edgewater Exploration, Jay Martin of Cambridge House, Bjorn Paffrath of Stabilitas Fonds and Dale Paruk from NioGold Mining Corporation. They discuss economic projections for the upcoming year.# vimeo.com/57825952 Uploaded 79 Plays 0 Likes 0 Comments
Viral News produces video news releases, interviews, corporate overviews, documentaries & educational pieces about public companies, the stock market in general & specific industries all in an attempt to simplify how investors research and find out about…
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