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><channel><title>CashInfo.org &#187; Minera Andes</title> <atom:link href="http://cashinfo.org/category/portfolio/minera-andes/feed/" rel="self" type="application/rss+xml" /><link>http://cashinfo.org</link> <description>The Commodity Place</description> <lastBuildDate>Tue, 27 Dec 2011 17:09:48 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.2</generator> <item><title>Minera Andes Announces Increased Silver and Gold Production for the Fourth Quarter and for the Year 2010 at the San José Mine</title><link>http://cashinfo.org/2011/01/minera-andes-announces-increased-silver-and-gold-production-for-the-fourth-quarter-and-for-the-year-2010-at-the-san-jose-mine/</link> <comments>http://cashinfo.org/2011/01/minera-andes-announces-increased-silver-and-gold-production-for-the-fourth-quarter-and-for-the-year-2010-at-the-san-jose-mine/#comments</comments> <pubDate>Thu, 20 Jan 2011 00:06:06 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[Copper]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[MNEAF]]></category> <category><![CDATA[San José Mine]]></category> <category><![CDATA[silver]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=770</guid> <description><![CDATA[Today Minera Andes announced positive results for the fourth quarter. The proceeds from this project allows the company to continue to explore their large claims. We bought Minera Andes in September 2009 @ CA$0.84 today the stock gained 3.29% against slumping commodity prices to close at CA$2.51 This means a 198.8% gain since we picked [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
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src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p>Today Minera Andes announced positive results for the fourth quarter. The proceeds from this project allows the company to continue to explore their large claims. We bought Minera Andes in September 2009 @ CA$0.84 today the stock gained 3.29% against slumping commodity prices to close at CA$2.51 This means a 198.8% gain since we picked this stock in September 2009. <a
title="Using the three step retirement plan we wrote about in a previous post we own this stock for free now!" href="http://cashinfo.org/2011/01/my-method-explained-how-to-build-up-your-own-retirement-plan-in-3-steps/" target="_blank">Using the three step retirement plan we wrote about in a previous post we own this stock for free now!</a></p><p><strong>Minera Andes News Release:</strong></p><p><strong>TORONTO, ONTARIO &#8211; January 19, 2011 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF)</strong> announces the San José mine production results for the fourth quarter  of 2010 and the year ended December 31, 2010.  During the fourth  quarter, the San José mine produced 1,871,440 ounces of silver and  26,141 ounces of gold, of which 49% is attributable to Minera Andes.   For the full year of 2010 silver production was 5,323,842 ounces and  gold production was 84,303 ounces.</p><div><strong>SAN JOSÉ MINE PRODUCTION COMPARISON (100% BASIS)*</strong></p><table
border="1" cellspacing="0" cellpadding="0"><tbody><tr><td
valign="top"><strong>Production </strong></td><td
align="center"><strong>Total<br
/> 2010</strong></td><td
align="center"><strong>Q4<br
/> 2010</strong></td><td
align="center"><strong>Q3<br
/> 2010</strong></td><td
align="center"><strong>Total<br
/> 2009</strong></td><td
align="center"><strong>Q4<br
/> 2009</strong></td></tr><tr><td><strong>Ore production (tonnes)</strong></td><td
align="right"><strong>461,134</strong></td><td
align="right"><strong>135,710</strong></td><td
align="right"><strong>112,681</strong></td><td
align="right"><strong>460,971</strong></td><td
align="right"><strong>100,460</strong></td></tr><tr><td><strong>Average head grade silver (g/t)</strong></td><td
align="right"><strong>397</strong></td><td
align="right"><strong>475</strong></td><td
align="right"><strong>423</strong></td><td
align="right"><strong>398</strong></td><td
align="right"><strong>351</strong></td></tr><tr><td><strong>Average head grade gold (g/t)</strong></td><td
align="right"><strong>6.14</strong></td><td
align="right"><strong>6.34</strong></td><td
align="right"><strong>6.42</strong></td><td
align="right"><strong>6.19</strong></td><td
align="right"><strong>7.34</strong></td></tr><tr><td><strong>Silver produced (ounces)</strong></td><td
align="right"><strong>5,323,842</strong></td><td
align="right"><strong>1,871,440</strong></td><td
align="right"><strong>1,408,501</strong></td><td
align="right"><strong>4,997,700</strong></td><td
align="right"><strong>1,032,025</strong></td></tr><tr><td><strong>Gold produced (ounces)</strong></td><td
align="right"><strong>84,303</strong></td><td
align="right"><strong>26,141</strong></td><td
align="right"><strong>22,025</strong></td><td
align="right"><strong>77,075</strong></td><td
align="right"><strong>19,961</strong></td></tr><tr><td><strong>Silver equivalent production (ounces)</strong></td><td
align="right"><strong>10,382,041</strong></td><td
align="right"><strong>3,439,929</strong></td><td
align="right"><strong>2,729,995</strong></td><td
align="right"><strong>9,622,222</strong></td><td
align="right"><strong>2,229,687</strong></td></tr><tr><td><strong>Net silver sold (ounces)</strong></td><td
align="right"><strong>5,169,675</strong></td><td
align="right"><strong>1,916,163</strong></td><td
align="right"><strong>1,219,676</strong></td><td
align="right"><strong>5,072,023</strong></td><td
align="right"><strong>988,747</strong></td></tr><tr><td><strong>Net gold sold (ounces)</strong></td><td
align="right"><strong>83,326</strong></td><td
align="right"><strong>26,900</strong></td><td
align="right"><strong>19,932</strong></td><td
align="right"><strong>77,220</strong></td><td
align="right"><strong>19,233</strong></td></tr></tbody></table></div><p><small>*49% of the San José mine production is attributable to Minera Andes Inc.</small></p><p>Fourth quarter 2010 silver production was 33% higher and gold production  was 19% higher compared to the third quarter of 2010.  The increase in  silver and gold production was the result of increased mill throughput,  increased metallurgical recoveries for silver and gold, and higher  grades for silver compared to the third quarter.  The mill is currently  operating routinely at full capacity.  The increase in mill throughput  was due to the development of additional production areas in the mine,  and the improved silver grade was due to production from higher grade  silver areas and because of incremental silver production from the  Merrill Crowe circuit in the mill.  Fourth quarter 2010 silver  production increased 81% and gold increased 31% compared to the fourth  quarter of 2009.  Production in the fourth quarter of 2009 was reduced  because of 15 days of labour disruptions.</p><p>Fourth quarter production cost information will be provided jointly with  the financial results for the fourth quarter which are due to be filed  at the end of March 2011.</p><p>Sales of silver and gold were 57% and 35% higher, respectively, in  fourth quarter of 2010 compared to the third quarter as a result of  increased ore production and a decrease in products inventory.  Compared  to the same quarter last year, sales of silver and gold in the fourth  quarter of 2010 were 94% and 40% higher, respectively.  This was mainly  due to increases in mill throughput, metallurgical recoveries and head  grades.</p><p>This news release is submitted by James K. Duff, Chief Operating Officer of Minera Andes Inc.</p><p><strong>About Minera Andes</strong> Minera Andes is an exploration company  exploring for gold, silver and copper in Argentina with three  significant assets: A 49% interest in Minera Santa Cruz SA, owner of the  San José Mine in close proximity to Goldcorp Inc.&#8217;s Cerro Negro  project; 100% ownership of the Los Azules copper deposit with an  inferred mineral resource of 10.3 billion pounds of copper and an  indicated resource of 2.2 billion pounds of copper; and, 100% ownership  of a portfolio of exploration properties bordering Goldcorp Inc.&#8217;s Cerro  Negro project in Santa Cruz Province. The Corporation had $10 million  USD in cash as at September 30th 2010 with no bank debt.  Rob McEwen,  Chairman and CEO, owns 33% of the company.</p><p><strong>About Minera Santa Cruz</strong> Minera Santa Cruz SA is a joint venture  owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of  Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned  subsidiary of the Corporation. The joint venture owns and operates the  San José property.</p><p><strong>About Hochschild Mining plc</strong> Hochschild Mining plc is a leading  precious metals company listed on the London Stock Exchange (HOCM.L /  HOC LN) with a primary focus on the exploration, mining, processing and  sale of silver and gold. Hochschild has over forty years of experience  in the mining of precious metal epithermal vein deposits and currently  operates four underground epithermal vein mines, three located in  southern Peru, one in southern Argentina and one open pit mine in  northern Mexico. Hochschild also has numerous long-term prospects  throughout the Americas.</p><p>For further information, please contact: Andrew Elinesky or visit our Web site: <a
href="http://www.minandes.com/">www.minandes.com</a>.</p><p>Andrew Elinesky<br
/> Controller<br
/> 99 George St. 3rd Floor,<br
/> Toronto, Ontario, Canada. M5A 2N4<br
/> Toll-Free: 1-866-441-0690<br
/> Tel:647-258-0395<br
/> Fax: 647-258-0408<br
/> E-mail: <a
href="mailto:info@minandes.com">info@minandes.com</a></p><p><em><strong>Reliability of Information</strong><br
/> Minera Santa Cruz S.A., the owner and operator of the San José mine, is  responsible for and has supplied to the Corporation all reported results  from the San José mine. This press release is based entirely on  information provided to Minera Andes by Minera Santa Cruz S.A. (&#8220;MSC&#8221;).  Minera Andes&#8217; joint venture partner, a subsidiary of Hochschild Mining  plc, and its affiliates other than MSC do not accept responsibility for  the use of project data or the adequacy or accuracy of this release. As  the Corporation is not the operator of the San José mine, there can be  no assurance that production information reported to the Corporation by  MSC is accurate, the Corporation has not independently verified such  information and readers are therefore cautioned regarding the extent to  which they should rely upon such information.</em></p><p><em><strong>Caution Concerning Forward-Looking Statements:</strong><br
/> This press release contains certain forward-looking statements and  information. The forward-looking statements and information express, as  at the date of this press release, the Corporation&#8217;s plans, estimates,  forecasts, projections, expectations or beliefs as to future events and  results, including the outcome of pending and current litigation.  Forward-looking statements are necessarily based upon a number of  estimates and assumptions that, while considered reasonable by us, are  inherently subject to significant business, economic and competitive  uncertainties and contingencies and there can be no assurance that such  statements will prove to be accurate. Therefore, actual results and  future events could differ materially from those anticipated in such  statements. Risks and uncertainties that could cause results or future  events to differ materially from current expectations expressed or  implied by the forward-looking statements include, but are not limited  to, factors associated with fluctuations in the market price of precious  metals, mining industry risks, risks associated with foreign  operations, the state of the capital markets, environmental risks and  hazards, uncertainty as to calculation of mineral resources and reserves  and other risks</em></p><p><em>Readers should not place undue reliance on forward-looking statements or  information. The Corporation undertakes no obligation to reissue or  update forward-looking statements or information as a result of new  information or events after the date hereof except as may be required by  law. See the Corporation&#8217;s annual information form for additional  information on risks, uncertainties and other factors relating to the  forward-looking statements and information. All forward-looking  statements and information made in this news release are qualified by  this cautionary statement.</em></p><p><a
title="Source: Company website" href="http://www.minandes.com/s/NewsReleases.asp?ReportID=438439&amp;_Type=News-Releases&amp;_Title=Minera-Andes-Announces-Increased-Silver-and-Gold-Production-for-the-Fourth-..." target="_blank">Source: Company website</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2011/01/minera-andes-announces-increased-silver-and-gold-production-for-the-fourth-quarter-and-for-the-year-2010-at-the-san-jose-mine/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Minera Andes Added to the S&amp;P/TSX Global Mining Index</title><link>http://cashinfo.org/2010/12/minera-andes-added-to-the-sptsx-global-mining-index/</link> <comments>http://cashinfo.org/2010/12/minera-andes-added-to-the-sptsx-global-mining-index/#comments</comments> <pubDate>Thu, 23 Dec 2010 23:28:13 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[Copper]]></category> <category><![CDATA[Global Mining Index]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[S&P]]></category> <category><![CDATA[SEDAR]]></category> <category><![CDATA[silver]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=734</guid> <description><![CDATA[News Release: TORONTO, ONTARIO, Dec. 23, 2010 (Marketwire) &#8212; Minera Andes Inc. (TSX:MAI)(OTCBB:MNEAF) is pleased to announce that as a result of the Quarterly S&#38;P/TSX index review, Standard &#38; Poor&#8217;s Canadian Index Operations added Minera Andes to the S&#38;P/TSX Global Mining Index effective December 20, 2010. Also, further to the Company&#8217;s news release of November [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
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google_ad_height = 15;</script> <script type="text/javascript"
src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p><strong>News Release:</strong></p><p>TORONTO, ONTARIO, Dec. 23, 2010 (Marketwire) &#8212; Minera Andes Inc.  (TSX:MAI)(OTCBB:MNEAF) is pleased to announce that as a result of the  Quarterly S&amp;P/TSX index review, Standard &amp; Poor&#8217;s Canadian Index  Operations added Minera Andes to the S&amp;P/TSX Global Mining Index  effective December 20, 2010.</p><p>Also, further to the Company&#8217;s news  release of November 22, 2010 an updated technical report on the San Jose  Mine was filed on SEDAR today.</p><p>About Minera Andes</p><p>Minera  Andes is an exploration company exploring for gold, silver and copper in  Argentina with three significant assets: A 49% interest in Minera Santa  Cruz SA, owner of the San Jose Mine in close proximity to Andean  Resources&#8217; Cerro Negro project; 100% ownership of the Los Azules copper  deposit with an inferred mineral resource of 10.3 billion pounds of  copper and an indicated resource of 2.2 billion pounds of copper; and,  100% ownership of a portfolio of exploration properties bordering  Andean&#8217;s Cerro Negro project in Santa Cruz Province. The Corporation had  $10 million USD in cash as at September 30, 2010 with no bank debt. Rob  McEwen, Chairman and CEO, owns 33% of the company.</p><p>This news  release has been submitted by Perry Ing, Chief Financial Officer of the  Corporation. For further information, please contact Jim Duff or visit  our Website: www.minandes.com.</p><p>Caution Concerning Forward-Looking Statements:</p><p>This  press release contains certain forward-looking statements and  information. The forward-looking statements and information express, as  at the date of this press release, the Corporation&#8217;s plans, estimates,  forecasts, projections, expectations or beliefs as to future events and  results and management&#8217;s understanding of proposed legislative changes.  Forward-looking statements involve a number of risks and uncertainties,  and there can be no assurance that such statements will prove to be  accurate. Therefore, actual results and future events could differ  materially from those anticipated in such statements. Risks and  uncertainties that could cause results or future events to differ  materially from current expectations expressed or implied by the  forward-looking statements include, but are not limited to, factors  associated with fluctuations in the market price of precious metals,  mining industry risks, risks associated with foreign operations, risks  related to litigation, property title, the state of the capital markets,  environmental risks and hazards, uncertainty as to calculation of  mineral resources and reserves and other risks.</p><p>Readers should  not place undue reliance on forward-looking statements or information.  The Corporation undertakes no obligation to reissue or update  forward-looking statements or information as a result of new information  or events after the date hereof except as may be required by law. See  the Corporation&#8217;s annual information form for additional information on  risks, uncertainties and other factors relating to the forward-looking  statements and information. All forward-looking statements and  information made in this news release are qualified by this cautionary  statement.</p><p>The TSX has not reviewed and does not accept  responsibility for the adequacy or accuracy of the contents of this news  release, which has been prepared by management. <img
src="http://links.newstex.com/image?c=9100008&amp;p=103627&amp;s=51992406" alt="" /></p><p>Minera Andes Inc. Chief Financial Officer 647-258-0395 or Toll-Free: 1-866-441-0690 647-258-0408 (FAX) info@minandes.com www.minandes.com</p><p><a
title="Source: TMX.com" href="http://tmx.quotemedia.com/article.php?newsid=36869379&amp;qm_symbol=MAI" target="_blank">Source: TMX.com</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/12/minera-andes-added-to-the-sptsx-global-mining-index/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Minera Andes Announces Updated Preliminary Assessment For Its Los Azules Copper Deposit</title><link>http://cashinfo.org/2010/12/minera-andes-announces-updated-preliminary-assessment-for-its-los-azules-copper-deposit/</link> <comments>http://cashinfo.org/2010/12/minera-andes-announces-updated-preliminary-assessment-for-its-los-azules-copper-deposit/#comments</comments> <pubDate>Fri, 17 Dec 2010 15:49:00 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[Copper]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[James K. Duff]]></category> <category><![CDATA[Los Azules]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[MNEAF]]></category> <category><![CDATA[Rob McEwen]]></category> <category><![CDATA[silver]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=720</guid> <description><![CDATA[Great news today from Minera Andes, the only big copper play in our portfolio. Shares are trading up 5% after the opening on Friday. The gold and silver that comes as a by-product in this project almost covers the mining costs. Essentially this means they are mining copper almost for free. With copper prices soaring [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
/* 468x15, gemaakt 7-10-09 */
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google_ad_width = 468;
google_ad_height = 15;</script> <script type="text/javascript"
src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p>Great news today from Minera Andes, the only big copper play in our portfolio. Shares are trading up 5% after the opening on Friday. The gold and silver that comes as a by-product in this project almost covers the mining costs. Essentially this means they are mining copper almost for free. With copper prices soaring the last weeks and strong fundamentals for copper the coming years, this project has become a real marvel. We boughs shares of Minera Andes in September 2009 @ CA$0.72 using today&#8217;s intra-day high of $CA2.92 this means a whopping 305,5% gain!</p><p><strong>Minera Andes News Release</strong></p><p><strong>TORONTO, ONTARIO &#8211; December 16, 2010 &#8211; Minera Andes Inc. (TSX: MAI and US OTC: MNEAF)</strong> &#8211; is pleased to announce the results of an updated preliminary  assessment (&#8220;PA&#8221;) on its 100% owned Los Azules Copper Project (the  &#8220;Project&#8221;) located in the San Juan Province of western central  Argentina.  It is based on the updated resource estimate announced in  June 2010 and higher base case metal price assumptions.</p><ul><li>Using a Copper price of $3.00/ lb</li><li>Base case pre-tax Net Present Value (&#8220;NPV&#8221;) is $2.8 billion and  the Internal Rate of Return (&#8220;IRR&#8221;) is 21.4%, at a discount rate of 8%</li><li>Life of mine Cash Operating Costs of $0.96/lb of copper net of gold and silver by-product credits.</li><li>Initial Capital $2.9 billion</li><li>Capital Payback in 3 years.</li><li>Mine life of 25 years.</li></ul><p>Rob McEwen, Chairman and CEO of Minera Andes, said:</p><blockquote><p><em>&#8220;We are advancing the engineering studies on Los Azules to  systematically de-risk the project.  The field season is just getting  underway, and we are currently mobilizing the first two of five drill  rigs to the project.  In addition to continuing the infill and step out  drilling, we will start to test some of the newly identified deeper  geophysical targets this season.&#8221;</em></p></blockquote><p>The Los Azules Copper Project is an advanced-stage porphyry copper  exploration project located in the cordilleran region of San Juan  Province, Argentina near the border with Chile.   The deposit is a  typical porphyry copper system in that the upper part of the system  consists of a barren leached cap, which is underlain by a high-grade  secondary enrichment blanket, and the primary mineralization below the  secondary enrichment zone extends to at least 650 meters, which is the  depth of the deepest holes drilled to date.  The deposit is  approximately one kilometer wide by four kilometers long, and it is open  in several directions.</p><p>Highlights of the updated Preliminary Assessment are shown below.   Details may be found in an updated technical report which will be posted  on SEDAR following the issuance of this news release.</p><table
border="1" cellspacing="0" cellpadding="3" width="100%"><tbody><tr><td
valign="top">NPV ($3.00/lb Cu, 8% discount rate)</td><td
align="right" valign="top">$2,826 million</td></tr><tr><td
valign="top">IRR</td><td
align="right" valign="top">21.4%</td></tr><tr><td
valign="top">Initial Capital Expenditure</td><td
align="right" valign="top">$2,851 million</td></tr><tr><td
valign="top">LOM Average Operating Costs</td><td
align="right" valign="top">$7.82/t ore</td></tr><tr><td
valign="top">LOM C-1 Cash Costs (net by-product credits)</td><td
align="right" valign="top">$0.96/lb Cu mined</td></tr><tr><td
valign="top">Nominal Mill Capacity</td><td
align="right" valign="top">100,000 tpd</td></tr><tr><td
valign="top">Annual Throughput</td><td
align="right" valign="top">36 million tonnes</td></tr><tr><td
valign="top">Mine Life</td><td
align="right" valign="top">25.4 years</td></tr><tr><td
valign="top">Life-of-Mine Strip Ratio</td><td
align="right" valign="top">1.37</td></tr><tr><td
valign="top">LOM average annual copper-in-concentrate production</td><td
align="right" valign="top">169,100 tonnes</td></tr><tr><td
valign="top">First 5 Years average annual copper-in-concentrate production</td><td
align="right" valign="top">226,500 tonnes</td></tr></tbody></table><p><small><em>All monetary amounts are expressed in US dollars unless  otherwise stated. The PA is preliminary in nature and includes the use  of inferred resources which are considered too speculative geologically  to have the economic considerations applied to them that would enable  them to be categorized as mineral reserves. Thus, there is no certainty  that the results of the PA will be realized. Actual results may vary,  perhaps materially.  The level of accuracy for Preliminary Assessment  estimates is approximately +/- 35%.</em></small></p><p>Compared to the previous Preliminary Assessment released in March 2009,  the NPV discounted at 8% has increased from $496 million to $2.9 billion  and the IRR has increased from 10.8% to 21.4%.  In addition, the  payback of pre-production capital has decreased from 6.4 years to 3.1  years from the start of production.</p><p>The main driver of the improved project economics is that the base case  copper price has been increased from $1.90/pound to $3.00/pound.   Specifically, the higher copper price added approximately $3.2 billion  to the NPV, and the increased resources added approximately $2.1  billion.</p><p>The benefits of the higher copper price and increased resources were  significantly offset by increases in the estimated operating costs ($695  million), capital costs ($100 million) and export retention taxes and  royalties ($3.4 billion).</p><p>The updated Preliminary Assessment also incorporates updated property  status and ownership information, revised locations for the project  facilities, and an updated geological interpretation.</p><p><strong>Project Economics</strong></p><p>The Preliminary Assessment contains a cash flow valuation model based  upon the geological and engineering work completed to date and technical  and cost inputs developed by Samuel Engineering, Inc., Ausenco Vector  and MTB Project Management Professionals, Inc. The base case was  developed using long term forecast metal prices of $3.00/lb for copper,  $980/oz for gold, and $15.60/oz for silver.</p><p>The following chart shows the sensitivity of the base case&#8217;s NPV and IRR  to changes in the copper price: (8% real discount rate).</p><div><a
href="http://www.minandes.com/i/maps/graph-1.jpg" target="_blank"> <img
src="http://www.minandes.com/i/maps/graph-1-sm.jpg" border="0" alt="" /><br
/> <em>Click to enlarge</em></a></div><p>The following chart shows the sensitivity to metal prices, operating  costs, and capital cost.  The graph shows that the project NPV is much  more sensitive to metal prices than to capital or operating costs.</p><div><a
href="http://www.minandes.com/i/maps/graph-2.jpg" target="_blank"> <img
src="http://www.minandes.com/i/maps/graph-2-sm.jpg" border="0" alt="" /><br
/> <em>Click to enlarge</em></a></div><p><strong>About Minera Andes</strong></p><p>Minera Andes is an exploration company exploring for gold, silver and  copper in Argentina with three significant assets: A 49% interest in  Minera Santa Cruz SA, owner of the San José Mine in close proximity to  Andean Resources&#8217; Cerro Negro project; 100% ownership of the Los Azules  copper deposit with an inferred mineral resource of 10.3 billion pounds  of copper and an indicated resource of 2.2 billion pounds of copper;  and, 100% ownership of a portfolio of exploration properties bordering  Andean&#8217;s Cerro Negro project in Santa Cruz Province. The Corporation had  $10 million USD in cash as at September 30, 2010 with no bank debt. Rob  McEwen, Chairman and CEO, owns 33% of the company.</p><p>This news release has been submitted by Jim Duff, Chief Operating  Officer of the Corporation.  For further information, please contact Jim  Duff or visit our Website: <a
href="http://www.minandes.com/" target="_blank">www.minandes.com</a>.</p><p>James K. Duff<br
/> Chief Operating Officer<br
/> 99 George St. 3rd Floor<br
/> Toronto, Ontario, Canada, M5A 2N4<br
/> Toll-Free: 1-866-441-0690<br
/> Tel: 647-258-0395<br
/> Fax: 647-258-0408<br
/> E-mail: <a
href="mailto:info@minandes.com">info@minandes.com</a></p><p><small><em>Scientific and Technical Information:</em></small></p><p><small><em>The information presented in this press release has been reviewed and  approved by the Qualified Persons responsible for the Technical Report  that presents the results of the Updated Preliminary Assessment.  They  are: Kathleen Altman, Ph.D., PE,, Robert Sim, P.Geo,. Bruce Davis, PhD,  FAusIMM, Richard Jemielita, Ph.D., MIMMM, William Rose, PE, and Scott  Elfen, PE. All are independent Qualified Persons as defined by National  Instrument 43-101 &#8220;Standards of Disclosure for Mineral Projects&#8221; (&#8220;NI  43-101&#8243;). Robert Sim, Bruce Davis, and William Rose are responsible for  the mineral resource estimate. Bruce Davis is responsible for the  quality control for the assaying of the Los Azules drill core. All  samples were collected in accordance with industry standards. Splits  from the drill core samples were submitted to the ACME sample  preparation laboratory in Mendoza, Argentina and then transferred to  ACME&#8217;s laboratory in Santiago, Chile for fire assay and ICP analysis.  Accuracy of results is tested through the systematic inclusion of  standards, blanks and check assays. William Rose is responsible for  developing the mine production schedule and participating in the  resource estimate. Scott Elfen of Ausenco Vector is responsible for  information about Environmental Liabilities, Environmental Permitting  and for the Geotechnical designs used for the Study. Richard Jemielita  is responsible for information about the Geological Setting, Deposit  Types, Mineralization, Exploration, and Drilling. Kathleen Altman,  Samuel Engineering, Inc., is the principal author of the Report with  specific responsibility for Mineral Processing and Metallurgical  Testing, the capital and operating cost estimates and the economic  evaluation.</em></small></p><p><small><em>Mineral resources are generated using ordinary kriging with a nominal  block size of 20x20x15m. Block grade estimates are derived from drill  hole sample results and the interpretation of a geologic model which  relates to the spatial distribution of copper, gold, silver and  molybdenum in the deposit. There are a total of 114 drill holes in the  Los Azules database with a cumulative length of 30,997 meters and a  total of 15,260 samples analyzed for a suite of elements including total  copper, gold, silver and molybdenum. A total of 58 of the drill holes  have some portion of the sample intervals tested for sequential copper  analysis. This information contributed to the development of the mineral  zone domains. The portion of the new mineral resource that has been  defined as &#8220;indicated&#8221; is based on a drilling configuration that  exhibits the degree of continuity required for higher level mineral  resources. Inferred mineral resources are limited to blocks within a  maximum distance of 200 meters from a drill hole. As required by NI  43-101, the possible future economic viability of the mineral resource  has been exhibited by restriction within a pit shell derived about the  copper content in indicated and inferred class blocks at a copper price  of $2.50/lb, total operating costs of $5.25/tonne and an average pit  slope of 34 degrees. Mineral resources are presented at a cut-off grade  of 0.35%Cu, which is the same base cut-off grade used in the 2008  mineral resource estimate. These are mineral resources, not mineral  reserves.</em></small></p><p><small><em>For further information in respect of the Los Azules project please  refer to the technical report entitled &#8220;Canadian National Instrument  43-101 Technical Report Updated Preliminary Assessment, Los Azules  Project, San Juan Province, Argentina&#8221; dated December 1, 2010, the &#8220;Los  Azules Report.&#8221; This report will be made available on SEDAR  (www.sedar.com) concurrent with the filing of this news release.  Inferred mineral resources are considered too speculative geologically  to have the economic considerations applied to them that would enable  them to be categorized as mineral reserves. There is no certainty that  the project as described in the Los Azules Report will be realized.</em></small></p><p><small><em>Cautionary Note to U.S. Investors:</em></small></p><p><small><em>All resource estimates reported by the Corporation were calculated in  accordance with NI 43-101 and the Canadian Institute of Mining and  Metallurgy Classification system. These standards differ significantly  from the requirements of the U.S. Securities and Exchange Commission.  Mineral resources which are not mineral reserves do not have  demonstrated economic viability.</em></small></p><p><small><em>Caution Concerning Forward-Looking Statements:</em></small></p><p><small><em>This press release contains certain forward-looking statements and  information. The forward-looking statements and information express, as  at the date of this press release, the Corporation&#8217;s plans, estimates,  forecasts, projections, expectations or beliefs as to future events and  results and management&#8217;s understanding of proposed legislative changes.  Forward-looking statements involve a number of risks and uncertainties,  and there can be no assurance that such statements will prove to be  accurate. Therefore, actual results and future events could differ  materially from those anticipated in such statements. Risks and  uncertainties that could cause results or future events to differ  materially from current expectations expressed or implied by the  forward-looking statements include, but are not limited to, factors  associated with fluctuations in the market price of precious metals,  mining industry risks, risks associated with foreign operations, risks  related to litigation, property title, the state of the capital markets,  environmental risks and hazards, uncertainty as to calculation of  mineral resources and reserves and other risks.</em></small></p><p><small><em>Readers should not place undue reliance on forward-looking statements or  information. The Corporation undertakes no obligation to reissue or  update forward-looking statements or information as a result of new  information or events after the date hereof except as may be required by  law. See the Corporation&#8217;s annual information form for additional  information on risks, uncertainties and other factors relating to the  forward-looking statements and information. All forward-looking  statements and information made in this news release are qualified by  this cautionary statement.</em></small></p><p><small><em>The TSX has not reviewed and does not accept responsibility for the  adequacy or accuracy of the contents of this news release, which has  been prepared by management.</em></small></p><p><a
title="Source: Company website" href="http://www.minandes.com/s/NewsReleases.asp?ReportID=433805&amp;_Type=News-Releases&amp;_Title=Minera-Andes-Announces-Updated-Preliminaryassessment-For-Its-Los-Azules-Cop..." target="_blank">Source: Company website</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/12/minera-andes-announces-updated-preliminary-assessment-for-its-los-azules-copper-deposit/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Minera Andes Announces Financial Results for the Third Quarter 2010</title><link>http://cashinfo.org/2010/11/minera-andes-announces-financial-results-for-the-third-quarter-2010/</link> <comments>http://cashinfo.org/2010/11/minera-andes-announces-financial-results-for-the-third-quarter-2010/#comments</comments> <pubDate>Thu, 11 Nov 2010 20:03:54 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[Copper]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[Hochschild]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[MNEAF]]></category> <category><![CDATA[silver]]></category> <category><![CDATA[Xstrata]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=595</guid> <description><![CDATA[Below you will find the third quarter results of Minera Andes. There is not much news in it, but we are confident that Minera Andes will produce some positive surprises the coming years. Icon of the industry Rob McEwen is the biggest shareholder and the company is teaming up with some of the biggest players [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
/* 468x15, gemaakt 7-10-09 */
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google_ad_height = 15;</script> <script type="text/javascript"
src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p>Below you will find the third quarter results of Minera Andes. There is not much news in it, but we are confident that Minera Andes will produce some positive surprises the coming years. Icon of the industry Rob McEwen is the biggest shareholder and the company is teaming up with some of the biggest players (Hochschild Mining and Xstrata). We still think that this company is one of the building blocks for some kind of new Goldcorp. We bought Minera Andes in September 2009 @ CAD$0,72 at the moment the stock is trading @ CAD$2,04 meaning a 183,3% gain.</p><p><strong>Minera Andes Press Release:</strong></p><p><strong>TORONTO, ONTARIO &#8211; November 11 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF)</strong> is pleased to announce net income of $6.1 million ($0.02 per share  basic and diluted) for the three month period ended September 30 2010  compared to net income of $5.2 million ($0.02 per share basic and  diluted) for the same period ended September 30 2009. All amounts in  this news release are in US dollars unless otherwise noted. Our  financial statements and management&#8217;s discussion and analysis are  available under the Corporation&#8217;s profile at <a
href="http://www.sedar.com/" target="_blank">www.sedar.com</a> and <a
href="http://www.sec.gov/" target="_blank">www.sec.gov</a>.</p><p>Minera Andes has a 49% interest in the San José Mine operated and owned  by Minera Santa Cruz (&#8220;MSC&#8221;), a joint venture between Minera Andes (49%)  and Hochschild Mining (51%).</p><p><strong>Highlights &#8211; Third Quarter 2010</strong></p><ul><li><em><strong>Net income increase of $0.9 million:</strong></em> The Company  reported a $0.9 million increase in net income for the quarter (as  compared to the same quarter in 2009) primarily due to an increase of  $1.8 million in income recorded on our investment in MSC, which was  partially offset by an increase of $0.9 million in total expenses for  the quarter. The increase in expenses was a net result of an increase in  general and administrative costs, a decrease in foreign currency  exchange gains (due to a decrease in the strengthening of the Canadian  dollar), and a decrease in professional fees as compared to the third  quarter in 2009.</li><li><em><strong>San José Mine Performance (on a 100% basis):</strong></em> Net income at the San José Mine increased by $3.8 million compared to  the same three month period in 2009, driven primarily by an 8% increase  in sales. The increase in sales was due to higher realized metal prices  for both silver and gold offset by a decrease in the number of ounces of  silver and gold sold in the quarter. Production for the quarter was  1,408,501 ounces of silver and 22,025 ounces of gold. Silver production  was unchanged and gold production was 2% lower compared to the same  quarter in 2009, a result of a decrease in total ore processed at the  mine offset by an increase in the head grade for silver. On a per-ounce  co-product basis the average cash cost was $8.81 per ounce of silver and  $570 per ounce of gold for the quarter.</li><li><em><strong>Settlement of lawsuit with Hochschild Mining plc:</strong></em> The Company announced on September 20 2010, an end to litigation with  certain affiliates of Hochschild Mining plc. (&#8220;Hochschild&#8221;) in New York  courts relating to funding of the San José Mine joint venture. Revised  finance and shareholder loan agreements were completed and the Company  received its first scheduled repayment of interest.</li><li><em><strong>San José Mine Exploration:</strong></em> The Company  announced on October 7 2010, the discovery of nine new high-grade  gold/silver veins plus important extensions of two other veins, which  together total more than five kilometers in strike length at the San  José Mine.  The discoveries represent significant exploration progress  at the San José Mine where the total strike length of all the previously  known veins totalled approximately 17 kilometers. The 2010 exploration  budget has been increased to $6.5 million compared to $2.5 million in  2009.</li></ul><p>This news release is submitted by Perry Ing, Chief Financial Officer of Minera Andes Inc.</p><p><strong>About Minera Andes</strong> Minera Andes is an exploration company  exploring for gold, silver and copper in Argentina with three  significant assets: a 49% interest in Minera Santa Cruz SA, owner of the  San José Mine in close proximity to Andean Resources&#8217; Cerro Negro  project; 100% ownership of the Los Azules copper deposit with an  inferred mineral resource of 10.3 billion pounds of copper and an  indicated resource of 2.2 billion pounds of copper; and, 100% ownership  of a portfolio of exploration properties bordering Andean&#8217;s Cerro Negro  project in Santa Cruz Province. The Corporation had $10 million USD in  cash as at September 30 2010 with no bank debt.  Rob McEwen, Chairman  and CEO, owns 33% of the company.</p><p><strong>About Minera Santa Cruz</strong> Minera Santa Cruz SA is a joint venture  owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of  Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned  subsidiary of the Corporation. The joint venture owns and operates the  San José property.</p><p><strong>About Hochschild Mining plc</strong> Hochschild Mining plc is a leading  precious metals company listed on the London Stock Exchange (HOCM.L /  HOC LN) with a primary focus on the exploration, mining, processing and  sale of silver and gold. Hochschild has over forty years of experience  in the mining of precious metal epithermal vein deposits and currently  operates four underground epithermal vein mines, three located in  southern Peru, one in southern Argentina and one open pit mine in  northern Mexico. Hochschild also has numerous long-term prospects  throughout the Americas.</p><p>For further information, please contact: Daniela Ozersky or visit our Web site: <a
href="http://www.minandes.com/">www.minandes.com</a>.</p><p>Daniela Ozersky<br
/> Manager, Investor Relations<br
/> 99 George St. 3rd Floor,<br
/> Toronto, Ontario, Canada. M5A 2N4<br
/> Toll-Free: 1-866-441-0690<br
/> Tel:647-258-0395<br
/> Fax: 647-258-0408<br
/> E-mail: <a
href="mailto:info@minandes.com">info@minandes.com</a></p><p><a
title="Source: Company website" href="http://www.minandes.com/s/NewsReleases.asp?ReportID=427958&amp;_Type=News-Releases&amp;_Title=Minera-Andes-Announces-Financial-Results-for-the-Third-Quarter-2010" target="_blank">Source: Company website</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/11/minera-andes-announces-financial-results-for-the-third-quarter-2010/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Press Release: Minera Andes Announces Production at the San José Mine for the Third Quarter 2010</title><link>http://cashinfo.org/2010/10/press-release-minera-andes-announces-production-at-the-san-jose-mine-for-the-third-quarter-2010/</link> <comments>http://cashinfo.org/2010/10/press-release-minera-andes-announces-production-at-the-san-jose-mine-for-the-third-quarter-2010/#comments</comments> <pubDate>Fri, 22 Oct 2010 22:24:45 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[MNEAF]]></category> <category><![CDATA[silver]]></category> <category><![CDATA[stock pick]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=515</guid> <description><![CDATA[TORONTO, ONTARIO &#8211; October 20, 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF) announces the San José mine production results for the third quarter of 2010. During the third quarter, the San José mine produced 1,408,501 ounces of silver and 22,025 ounces of gold, of which 49% [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
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src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p><strong>TORONTO, ONTARIO &#8211; October 20, 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF)</strong> announces the San José mine production results for the third quarter of  2010.  During the third quarter, the San José mine produced 1,408,501  ounces of silver and 22,025 ounces of gold, of which 49% is attributable  to Minera Andes.</p><div><strong>SAN JOSÉ MINE PRODUCTION COMPARISON (100% BASIS)*</strong></p><table
border="1" cellspacing="0" cellpadding="0" width="98%"><tbody><tr><td><strong>Production </strong></td><td
align="center"><strong>Q3<br
/> 2010</strong></td><td
align="center"><strong>Q2<br
/> 2010</strong></td><td
align="center"><strong>Q3<br
/> 2009</strong></td></tr><tr><td><strong>Ore production (tonnes)</strong></td><td
align="right"><strong>112,681</strong></td><td
align="right"><strong>116,259</strong></td><td
align="right"><strong>122,342</strong></td></tr><tr><td><strong>Average head grade silver (g/t)</strong></td><td
align="right"><strong>423</strong></td><td
align="right"><strong>368</strong></td><td
align="right"><strong>407</strong></td></tr><tr><td><strong>Average head grade gold (g/t)</strong></td><td
align="right"><strong>6.42</strong></td><td
align="right"><strong>5.81</strong></td><td
align="right"><strong>6.65</strong></td></tr><tr><td><strong>Silver produced (ounces)</strong></td><td
align="right"><strong>1,408,501</strong></td><td
align="right"><strong>1,220,794</strong></td><td
align="right"><strong>1,402,000</strong></td></tr><tr><td><strong>Gold produced (ounces)</strong></td><td
align="right"><strong>22,025</strong></td><td
align="right"><strong>19,707</strong></td><td
align="right"><strong>22,470</strong></td></tr><tr><td><strong>Silver equivalent production (ounces)</strong></td><td
align="right"><strong>2,729,995</strong></td><td
align="right"><strong>2,403,214</strong></td><td
align="right"><strong>2,750,527</strong></td></tr><tr><td><strong>Net silver sold (ounces)</strong></td><td
align="right"><strong>1,219,675</strong></td><td
align="right"><strong>1,294,677</strong></td><td
align="right"><strong>1,535,973</strong></td></tr><tr><td><strong>Net gold sold (ounces)</strong></td><td
align="right"><strong>19,932</strong></td><td
align="right"><strong>22,168</strong></td><td
align="right"><strong>24,679</strong></td></tr></tbody></table></div><p><small>*49% of the San José mine production is attributable to Minera Andes Inc. </small></p><p>Compared to the second quarter of 2010, the 2010 third quarter silver  production was 15% higher and gold production was 12% higher.  The  increase in silver and gold production was primarily the result of the  expected improvement in grade profile compared to the second quarter:  the silver head grade increased 15% and the gold head grade increase  11%.  The improved silver grades are related to ongoing development of  the Kospi vein.  Mill throughput in the third quarter of 2010 was 3%  lower than the previous quarter.  Compared to the third quarter of 2009,  the third quarter 2010 silver production was approximately the same and  gold production decreased 2%.</p><p>Third quarter production cost information will be provided with the third quarter financial results.</p><p>Sales of silver and gold were 6% and 10% lower, respectively, in third  quarter of 2010 compared to the second quarter as a result of an  increase in products inventory.  Compared to the same quarter last year,  sales of silver in the third quarter of 2010 were 21% lower and gold  sales were 19% lower due to a decrease in products inventory in the  third quarter of 2009.</p><p>The Corporation recently announced the discovery of nine new veins and  vein extensions at San José.  To date the total strike length of the new  veins and extensions is over five kilometers, which compares to a total  strike length of about 17 kilometers for the previously known veins.   The new veins are ideally located between the Kospi and the Frea veins,  and the new veins can be accessed from workings on those veins.  The  Corporation is preparing an estimate of the resources for the new veins,  and the results will be released before the end of October.  Meanwhile,  exploration around the existing mine and elsewhere on the joint venture  property is continuing.</p><p>This news release is submitted by James K. Duff, Chief Operating Officer of Minera Andes Inc.</p><p><strong>About Minera Andes </strong>Minera Andes is an exploration company  exploring for gold, silver and copper in Argentina with three  significant assets: a 49% interest in Minera Santa Cruz SA, owner of the  San José Mine in close proximity to Andean Resources&#8217; Cerro Negro  project; 100% ownership of the Los Azules copper deposit with an  inferred mineral resource of 10.3 billion pounds of copper and an  indicated resource of 2.2 billion pounds of copper; and, 100% ownership  of a portfolio of exploration properties bordering Andean&#8217;s Cerro Negro  project in Santa Cruz Province. The Corporation had $8 million USD in  cash as at June 30th 2010 with no bank debt.  Rob McEwen, Chairman and  CEO, owns 33% of the company.</p><p><strong>About Minera Santa Cruz </strong>Minera Santa Cruz SA is a joint venture  owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of  Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned  subsidiary of the Corporation. The joint venture owns and operates the  San José property.</p><p><strong>About Hochschild Mining plc </strong>Hochschild Mining plc is a leading  precious metals company listed on the London Stock Exchange (HOCM.L /  HOC LN) with a primary focus on the exploration, mining, processing and  sale of silver and gold. Hochschild has over forty years of experience  in the mining of precious metal epithermal vein deposits and currently  operates four underground epithermal vein mines, three located in  southern Peru, one in southern Argentina and one open pit mine in  northern Mexico. Hochschild also has numerous long-term prospects  throughout the Americas.</p><p>For further information, please contact: Daniela Ozersky or visit our Web site: www.minandes.com.</p><p>Daniela Ozersky<br
/> Manager, Investor Relations<br
/> 99 George St. 3rd Floor,<br
/> Toronto, Ontario, Canada. M5A 2N4<br
/> Toll-Free: 1-866-441-0690<br
/> Tel:647-258-0395<br
/> Fax: 647-258-0408<br
/> E-mail: <a
href="mailto:info@minandes.com">info@minandes.com</a></p><p><a
title="Source: Company website" href="http://www.minandes.com/s/NewsReleases.asp?ReportID=424060&amp;_Type=News-Releases&amp;_Title=Minera-Andes-Announces-Production-at-the-San-Jos-Mine-for-the-Third-Quarter..." target="_blank">Source: Company website</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/10/press-release-minera-andes-announces-production-at-the-san-jose-mine-for-the-third-quarter-2010/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Press Release: Minera Andes Announces Discovery of 5 Kilometres of New High-Grade Gold/Silver Veins at San José Mine</title><link>http://cashinfo.org/2010/10/minera-andes-announces-discovery-of-5-kilometres-of-new-high-grade-goldsilver-veins-at-san-jose-mine/</link> <comments>http://cashinfo.org/2010/10/minera-andes-announces-discovery-of-5-kilometres-of-new-high-grade-goldsilver-veins-at-san-jose-mine/#comments</comments> <pubDate>Wed, 13 Oct 2010 16:34:49 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[HOC]]></category> <category><![CDATA[Hochschild]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[Rob McEwen]]></category> <category><![CDATA[silver]]></category> <category><![CDATA[stock pick]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=490</guid> <description><![CDATA[TORONTO, ON &#8211; October 7, 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF) is pleased to announce the discovery of nine new high-grade gold/silver veins plus important extensions of two other veins, which together total more than five kilometres in strike length. The discoveries represent significant exploration [...]]]></description> <content:encoded><![CDATA[<div
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src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p><strong>TORONTO, ON &#8211; October 7, 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF)</strong> is pleased to announce the discovery of nine new high-grade gold/silver  veins plus important extensions of two other veins, which together  total more than five kilometres in strike length.  The discoveries  represent significant exploration progress at San José where the total  strike length of all the previously known veins totalled approximately  17 kilometres.  The new veins are located primarily between the Kospi  and Frea veins, and can be accessed from existing mine workings (see  Exhibit 1).</p><p>Rob McEwen, Chairman and CEO of Minera Andes, said:</p><blockquote><p><em>&#8220;We are very excited by the discovery of the new veins  at the San José mine.  The drilling results demonstrate that the area in  and around the San José mine is extremely prospective, and we  anticipate these new veins will significantly extend the mine life.   Recent events such as the $3.6 billion bid for Andean&#8217;s nearby Cerro  Negro property highlight the world class potential of this emerging  gold/silver district.&#8221;</em></p></blockquote><p>Selected assay results for three  of the most promising new veins are shown below. The complete assay  results for the new veins and vein extensions are provided in Exhibit 2.   All of the drilling reported in this press release was completed  during 2010. The assays reported below and in Exhibit 2 were analyzed by  Alex Stewart Argentina SA laboratory in Mendoza, Argentina, and  received up until August 25th 2010. The widths shown below are true  widths (normal to the dip of the vein).  Longitudinal sections of the  new veins and extensions are provided in Exhibit 3.</p><ul><strong> </strong></p><li><strong>Micaela Vein &#8211; 1,380 meter strike length, cut by 36 diamond drill holes. </strong><ul><li><strong>Hole SJD-708 &#8211; 2.45 m (meters) at 8.33 g/t (grams/tonne) Au and 1,484 g/t Ag </strong></li><li><strong>Hole SJD-786 &#8211; 1.09 m at 33.50 g/t Au and 2752 g/t Ag </strong></li><li><strong>Hole SJD-807 &#8211; 0.53 m at 31.02 g/t Au and 629 g/t Ag </strong></li></ul></li><li><strong>Sofía Vein &#8211; 600 meter strike length, cut by 20 diamond drill holes. </strong><ul><li><strong>Hole SJD-477 &#8211; 1.52 m at 7.71 g/t Au and 885 g/t Ag </strong></li><li><strong>Hole SJD-486 &#8211; 10.13 m at 14.96 g/t Au and 1096 g/t Ag </strong></li><li><strong>Hole SJD-491 &#8211; 5.45 m at 13.54 g/t Au and 206 g/t Ag </strong></li><li><strong>Hole SJD-726 &#8211; 1.72 m at 10.94 g/t Au and 1255 g/t Ag </strong></li></ul></li><li><strong>Antonella Vein &#8211; 870 meter strike length, cut by 13 diamond drill holes. </strong><ul><li><strong>Hole SJD-524 &#8211; 5.30 m at 13.43 g/t Au and 199 g/t Ag </strong></li></ul></li></ul><p>The following table provides a summary of new  veins and extensions, the number of drill holes used to define the veins  and the strike length of each.  Complete assay data is provided in  Exhibit 2.</p><div><table
border="1" cellspacing="0" cellpadding="0" width="100%"><tbody><tr><td
align="center" valign="top" bgcolor="#d9d9d9"><strong>Vein</strong></td><td
align="center" valign="top" bgcolor="#d9d9d9"><strong>Number of<br
/> Holes</strong></td><td
align="center" valign="top" bgcolor="#d9d9d9"><strong>Strike Length<br
/> (meters)</strong></td></tr><tr><td>Micaela</td><td
align="center">36</td><td
align="center">1380</td></tr><tr><td>Sofía</td><td
align="center">20</td><td
align="center">600</td></tr><tr><td>Antonella</td><td
align="center">13</td><td
align="center">870</td></tr><tr><td>Dos Lauras</td><td
align="center">11</td><td
align="center">400</td></tr><tr><td>Ayelén Extension</td><td
align="center">12</td><td
align="center">580</td></tr><tr><td>Marta</td><td
align="center">15</td><td
align="center">510</td></tr><tr><td>Ramal Frea 450 Extension</td><td
align="center">17</td><td
align="center">430</td></tr><tr><td>Shala</td><td
align="center">4</td><td
align="center">134</td></tr><tr><td>Pacha</td><td
align="center">7</td><td
align="center">180</td></tr><tr><td>Mara</td><td
align="center">5</td><td
align="center">150</td></tr><tr><td>Hera</td><td
align="center">8</td><td
align="center">235</td></tr></tbody></table></div><p>The discoveries are a direct result of a significant increase in the  exploration effort at San José compared to previous years.  From the  start of 2010 through September 25, 2010, a total of 47,431 meters have  been completed in 233 diamond core holes, nearly double the drilling  undertaken in 2009.  The success of the current drilling is in large  part a result of extensive surface geophysical surveys conducted during  2009 and 2010 that led to the development of the targets drilled this  year.  The geophysics consisted of 181 line-kilometres of induced  polarity (&#8220;IP&#8221;)/resistivity, 55 line-kilometres of magnetics and 11  line-kilometres of pole-dipole IP.  An updated 43-101 Report scheduled  to be completed in the near future is being prepared that will contain  full details of the 2010 and 2009 drilling.</p><p>A significant portion of the property continues to be open at depth and  laterally. The discovery of the Micaela-Sofía vein system, which trends  approximately east-west, is especially important because its orientation  is different from the typical northwest trend of all the other veins at  San José.  The discovery of this system, which does not outcrop, will  be used as an exploration guide to open up new exploration opportunities  on the property. In addition, exploration drilling is continuing to  expand resources in the known veins, including Ayelén and Odin, and  exploration is also continuing in other areas of the property, such as  the Saavedra and Aguas Vivas targets.</p><p>The Mineral Reserves and Resources for the San José mine as at December  31, 2009 were audited by P&amp;E Mining Consultants and reported in the  Corporation&#8217;s 2009 Annual Report (AIF), and are given in the following  table.</p><div><table
border="1" cellspacing="0" cellpadding="0" width="100%"><tbody><tr><td
align="center" bgcolor="#d9d9d9"><strong>Resource Category</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Tonnes</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Ag g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Au g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>AgEq g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>AgEq M oz</strong></td></tr><tr><td>Measured</td><td
align="center">692,000</td><td
align="center">527</td><td
align="center">9.11</td><td
align="center">1,074</td><td
align="center">23.86</td></tr><tr><td>Indicated</td><td
align="center">1,953,000</td><td
align="center">463</td><td
align="center">6.78</td><td
align="center">870</td><td
align="center">54.60</td></tr><tr><td><strong>Meas. + Ind.</strong></td><td
align="center"><strong>2,645,000</strong></td><td
align="center"><strong>480</strong></td><td
align="center"><strong>7.39</strong></td><td
align="center"><strong>923</strong></td><td
align="center"><strong>78.46</strong></td></tr><tr><td>Inferred</td><td
align="center">2,002,000</td><td
align="center">310</td><td
align="center">4.98</td><td
align="center">609</td><td
align="center">39.20</td></tr></tbody></table></div><div><table
border="1" cellspacing="0" cellpadding="0" width="100%"><tbody><tr><td
align="center" bgcolor="#d9d9d9"><strong>Reserve Category</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Tonnes</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Ag g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>Au g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>AgEq g/t</strong></td><td
align="center" bgcolor="#d9d9d9"><strong>AgEq M oz</strong></td></tr><tr><td>Proven</td><td
align="center">618,000</td><td
align="center">457</td><td
align="center">7.66</td><td
align="center">917</td><td
align="center">18.21</td></tr><tr><td>Probable</td><td
align="center">902,000</td><td
align="center">452</td><td
align="center">7.09</td><td
align="center">877</td><td
align="center">25.44</td></tr><tr><td><strong>Prov. + Prob.</strong></td><td
align="center"><strong>1,520,000</strong></td><td
align="center"><strong>454</strong></td><td
align="center"><strong>7.32</strong></td><td
align="center"><strong>893</strong></td><td
align="center"><strong>43.67</strong></td></tr></tbody></table></div><p>None of the new veins are included in the December 31, 2009 resource or  reserve estimate.  An updated 43-101 Technical Report to be completed in  the near future will include updated resource estimates including the  new veins.</p><p><strong>About Minera Andes</strong> Minera Andes is an exploration company  exploring for gold, silver and copper in Argentina with three  significant assets: A 49% interest in Minera Santa Cruz SA, owner of the  San José Mine in close proximity to Andean Resources&#8217; Cerro Negro  project; 100% ownership of the Los Azules copper deposit with an  inferred mineral resource of 10.3 billion pounds of copper and an  indicated resource of 2.2 billion pounds of copper; and, 100% ownership  of a portfolio of exploration properties bordering Andean&#8217;s Cerro Negro  project in Santa Cruz Province. The Corporation had $8 million USD in  cash as at June 30th 2010 with no bank debt.  Rob McEwen, Chairman and  CEO, owns 33% of the company.</p><p><strong>About Minera Santa Cruz</strong> Minera Santa Cruz SA is a joint venture  owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of  Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned  subsidiary of the Corporation. The joint venture owns and operates the  San José property.</p><p><strong>About Hochschild Mining plc</strong> Hochschild Mining plc is a leading  precious metals company listed on the London Stock Exchange (HOCM.L /  HOC LN) with a primary focus on the exploration, mining, processing and  sale of silver and gold. Hochschild has over forty years of experience  in the mining of precious metal epithermal vein deposits and currently  operates four underground epithermal vein mines, three located in  southern Peru, one in southern Argentina and one open pit mine in  northern Mexico. Hochschild also has numerous long-term prospects  throughout the Americas.</p><p>This news release has been submitted by Jim Duff, Chief Operating  Officer of the Corporation. For further information, please contact Jim  Duff or Daniela Ozersky or visit our Web site: <a
href="http://www.minandes.com/">www.minandes.com</a>.</p><p>Daniela Ozersky<br
/> Manager, Investor Relations</p><p>Jim Duff<br
/> Chief Operating Officer</p><p><a
title="Source: Company website" href="http://www.minandes.com/s/NewsReleases.asp?ReportID=422432&amp;_Type=News-Releases&amp;_Title=Minera-Andes-Announces-Discovery-of-5-Kilometres-of-New-High-Grade-GoldSilv..." target="_blank">Source: Company website</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/10/minera-andes-announces-discovery-of-5-kilometres-of-new-high-grade-goldsilver-veins-at-san-jose-mine/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Hochschild Mining and Minera Andes agree on settlement of lawsuit</title><link>http://cashinfo.org/2010/09/hochschild-mining-and-minera-andes-agree-on-settlement-of-lawsuit/</link> <comments>http://cashinfo.org/2010/09/hochschild-mining-and-minera-andes-agree-on-settlement-of-lawsuit/#comments</comments> <pubDate>Mon, 20 Sep 2010 18:40:43 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[HOC]]></category> <category><![CDATA[Hochschild]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[silver]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=472</guid> <description><![CDATA[· Minera Andes signed formal loan agreement regarding $65 million project financing loan · Settlement signed with immediate discontinuation of pending litigation Hochschild Mining plc (&#8220;Hochschild&#8221;) today announces that it has signed an agreement with Minera Andes Inc (&#8220;MAI&#8221;) and its subsidiary, Minera Andes SA (&#8220;MASA&#8221;) regarding the $65 million project financing loan provided by [...]]]></description> <content:encoded><![CDATA[<div
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style="text-align: left;"><span><span> </span></p><p><span>· </span><span>Minera Andes signed formal loan agreement regarding $65 million project financing loan</span></p><p><span>· </span><span>Settlement signed with immediate discontinuation of pending litigation </span></p><p><span><br
/> Hochschild Mining plc (&#8220;Hochschild&#8221;) today announces that it has signed  an agreement with Minera Andes Inc (&#8220;MAI&#8221;) and its subsidiary, Minera  Andes SA (&#8220;MASA&#8221;) regarding the $65 million project financing loan  provided by Hochschild to the San José gold and silver mine in  Argentina.  The parties have also agreed to restructure the 2004  shareholder loan agreement pursuant to which Hochschild and MAI lent  approximately $50 million to the co-venture entity, known as Minera  Santa Cruz (&#8220;MSC&#8221;).</span></p><p><span><br
/> Subject to final closing, which is expected to occur this week, the  parties have agreed to a repayment schedule for the project finance loan  and the shareholder loan over a maximum period of 8 years, with fixed  interest rates of 7% per annum. Future payments on both the shareholder  loan and project finance loan may be accelerated based on mine  performance and metal prices thus maximizing cash flows for both MAI and  Hochschild. </span></p><p><span> </span></p><p><span>Hochschild  has agreed to provide Minera Andes with the right to consent to certain  extraordinary capital expenditures (not including regular sustaining  CAPEX) in certain limited circumstances.</span></p><p><span><br
/> The San Jose mine, a co-venture between Hochschild and MAI, has been in  operation since June 2007. Under the terms of letter agreements between  the parties executed in October 2006, Hochschild alone provided the full  amount of the project financing, totalling $65 million in instalments  between October 2006 and July 2007. On 17 March 2010 Hochschild filed a  lawsuit against Minera Andes alleging the undue delay in the execution  of formal loan documents and repayment of the loan by MSC. Under the  terms of the settlement, Hochschild will discontinue the litigation  filed in the New York State Supreme Court.</span></p><p><span><br
/> The lawsuit had no impact on the running of the San José mine, which is  operated by Hochschild. The mine has a throughput capacity of 530ktpa  and in the first half of 2010, produced approximately 2 million ounces  of silver and 36 thousand ounces of gold.</span></p><p><span><br
/> Ignacio Bustamante, CEO of Hochschild Mining said: &#8220;We are very pleased  with the outcome of the negotiations and the ending of litigation. The  properties and operation of MSC are located in a premium geological  location in Argentina, neighbouring the Cerro Negro project which was  recently sold by Andean to Goldcorp for US$3.6 billion.  We are  confident that Hochschild and Minera Andes will now be able to focus  their full efforts towards building a meaningful and constructive  partnership to create further value for their respective shareholders  through production at San Jose and further exploration in this very  prospective area.&#8221;</span></p><p><span><a
title="Source: Hochschild Website" href="http://phx.corporate-ir.net/phoenix.zhtml?c=204920&amp;p=irol-newsArticle_Print&amp;highlight=&amp;ID=1472675" target="_blank">Source: Hochschild Website</a><br
/> </span></p><p></span></span></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/09/hochschild-mining-and-minera-andes-agree-on-settlement-of-lawsuit/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Press Release: Minera Andes Announces Production at the San José Mine for the Second Quarter 2010</title><link>http://cashinfo.org/2010/07/press-release-minera-andes-second-quarter-san-jose/</link> <comments>http://cashinfo.org/2010/07/press-release-minera-andes-second-quarter-san-jose/#comments</comments> <pubDate>Wed, 21 Jul 2010 17:59:18 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Mining News]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[MAI]]></category> <category><![CDATA[silver]]></category> <category><![CDATA[stock pick]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=417</guid> <description><![CDATA[TORONTO, ONTARIO &#8211; July 21, 2010 &#8211; Minera Andes Inc. (the &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF) announces the San José mine production results for the second quarter of 2010. During the second quarter, the San José mine produced 1,220,794 ounces of silver and 19,707 ounces of gold, of which 49% [...]]]></description> <content:encoded><![CDATA[<div
id="in_post_ad_top_1" style="margin:5px;"><script type="text/javascript">google_ad_client = "pub-9475831589228347";
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src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><p><strong>TORONTO, ONTARIO &#8211; July 21, 2010 &#8211; Minera Andes Inc. (the  &#8220;Corporation&#8221; or &#8220;Minera Andes&#8221;) (TSX: MAI and US OTC: MNEAF)</strong> announces the San José mine production results for the second quarter of  2010.  During the second quarter, the San José mine produced 1,220,794  ounces of silver and 19,707 ounces of gold, of which 49% is attributable  to Minera Andes.</p><div><strong>SAN JOSÉ MINE PRODUCTION COMPARISON (100% BASIS)*</strong></p><table
border="0" cellspacing="2" cellpadding="4" width="98%"><tbody><tr
height="16"><th
height="16"><strong>Production </strong></th><th
align="center"><strong>Q2<br
/> 2010</strong></th><th
align="center"><strong>Q1<br
/> 2010</strong></th><th
align="center"><strong>Q2<br
/> 2009</strong></th></tr><tr
height="14"><td
height="14"><strong>Ore production (tonnes)</strong></td><td
align="right"><strong>116,259</strong></td><td
align="right"><strong>96,484</strong></td><td
align="right"><strong>119,184</strong></td></tr><tr
height="46"><td
height="46"><strong>Average head grade silver (g/t)</strong></td><td
align="right"><strong>368</strong></td><td
align="right"><strong>293</strong></td><td
align="right"><strong>400</strong></td></tr><tr
height="46"><td
height="46"><strong>Average head grade gold (g/t)</strong></td><td
align="right"><strong>5.81</strong></td><td
align="right"><strong>5.92</strong></td><td
align="right"><strong>5.65</strong></td></tr><tr
height="46"><td
height="46"><strong>Silver produced (ounces)</strong></td><td
align="right"><strong>1,220,794</strong></td><td
align="right"><strong>823,107</strong></td><td
align="right"><strong>1,264,616</strong></td></tr><tr
height="46"><td
height="46"><strong>Gold produced (ounces)</strong></td><td
align="right"><strong>19,707</strong></td><td
align="right"><strong>16,430</strong></td><td
align="right"><strong>18,078</strong></td></tr><tr
height="61"><td
height="61"><strong>Silver equivalent production (ounces</strong></td><td
align="right"><strong>2,403,214</strong></td><td
align="right"><strong>1,808,907</strong></td><td
align="right"><strong>2,349,296</strong></td></tr><tr
height="31"><td
height="31"><strong>Net silver sold (ounces)</strong></td><td
align="right"><strong>1,294,677</strong></td><td
align="right"><strong>739,159</strong></td><td
align="right"><strong>1,709,190</strong></td></tr><tr
height="31"><td
height="31"><strong>Net gold sold (ounces)</strong></td><td
align="right"><strong>22,168</strong></td><td
align="right"><strong>14,325</strong></td><td
align="right"><strong>21,930</strong></td></tr></tbody></table></div><p><small>*49% of the San José mine production is attributable to Minera  Andes Inc. </small></p><p>Compared to the first quarter of 2010, the 2010 second quarter silver  production was 48% higher and gold production was 20% higher.  The  increase in silver and gold production was primarily the result of  higher mine production and mill feed tonnage compared to the first  quarter.  Mill throughput in the second quarter of 2010 was 20% higher  than the previous quarter.   In the second quarter the silver head grade  increased 26% compared to the first quarter, and the gold head grade  was 2% lower than the first quarter.  The improved silver grades are  related to ongoing development of the Kospi vein.  Compared to the  second quarter of 2009, the second quarter 2010 silver production  decreased 3% and gold increased 9%.</p><p>Average daily mill throughput during the second quarter of 2010 was  approximately 1,280 tonnes per day, which is 15% below the mill capacity  of 1,500 tonnes per day.  According to Minera Santa Cruz, our operating  joint venture entity managed by Hochschild Mining plc (&#8220;MSC&#8221;), the mill  operated below capacity due to lower mine production.  As previously  reported, mine production has been adversely impacted by delays in  underground mine development.</p><p>MSC has further advised us that the development delays also impacted  production grades because access to certain higher grade stoping areas  was delayed.  Consequently, second quarter 2010 mill feed grades  continue to be lower than the average 2009 head grades.  However, MSC  has advised Minera Andes that they expect the grades to improve during  the second half of the year</p><p>Milling operations are performing satisfactorily with recoveries in line  with budget expectations.  A series of modifications were made to the  mill during 2009 and the first half of 2010 that resulted in improved  operating efficiencies.  A small Merrill Crow circuit was also installed  in the fourth quarter of 2009 that is resulting in the recovery of  incremental silver ounces and slightly improved silver recoveries.   Aside from normal sustaining capital, which includes mine development  and exploration, the Corporation is not aware of any new capital  projects at San José.</p><p>Second quarter production cost information will be provided jointly with  second quarter financial results.</p><p>Sales of silver and gold were 75% and 55% higher, respectively, in  second quarter of 2010 compared to the first quarter as a result of  increased ore production and a decrease in products inventory.  Compared  to the same quarter last year, sales of silver in the second quarter of  2010 were 24% lower while gold sales were at about the same level.   This was due to lower ore production in the second quarter of 2010,  differences in head grades and inventory liquidations in the second  quarter of 2009.</p><p>This news release is submitted by James K. Duff, Chief Operating Officer  of Minera Andes Inc.</p><p><strong>About Minera Andes</strong><br
/> Minera Andes is an exploration company exploring for gold, silver and  copper in Argentina with three significant assets:  A 49% interest in  Minera Santa Cruz SA, which owns the San José Mine, one of the world&#8217;s  largest primary silver producers that produced 4,998,000 million oz  silver and 77,080 oz gold in 2009; 100% ownership of the Los Azules  porphyry copper deposit in San Juan province, Argentina; and, a  portfolio of exploration properties in the highly prospective Deseado  Massif region of Santa Cruz Province in southern Argentina.  Minera  Andes had approximately $15 Million USD in cash and no bank debt as at  March 31, 2010.</p><p>For further information, please contact: Daniela Ozersky or visit our  Web site: www.minandes.com.</p><p>Daniela Ozersky<br
/> Manager, Investor Relations<br
/> 99 George St. 3rd Floor,<br
/> Toronto, Ontario, Canada. M5A 2N4<br
/> Toll-Free: 1-866-441-0690<br
/> Tel:647-258-0395<br
/> Fax: 647-258-0408<br
/> E-mail: <a
href="mailto:info@minandes.com">info@minandes.com</a></p><div
style='clear:both'></div>]]></content:encoded> <wfw:commentRss>http://cashinfo.org/2010/07/press-release-minera-andes-second-quarter-san-jose/feed/</wfw:commentRss> <slash:comments></slash:comments> </item> <item><title>Stock Pick Seabridge Gold (AMEX:SA) and BUY alerts on Silver Wheaton (SLW) and Minera Andes (TSE:MAI)</title><link>http://cashinfo.org/2010/07/stock-pick-buy-alerts/</link> <comments>http://cashinfo.org/2010/07/stock-pick-buy-alerts/#comments</comments> <pubDate>Thu, 01 Jul 2010 17:42:42 +0000</pubDate> <dc:creator>Alexander Aardema</dc:creator> <category><![CDATA[Gold & silver]]></category> <category><![CDATA[Minera Andes]]></category> <category><![CDATA[Seabridge]]></category> <category><![CDATA[Silver Wheaton]]></category> <category><![CDATA[gold]]></category> <category><![CDATA[SA]]></category> <category><![CDATA[silver]]></category> <category><![CDATA[SLW]]></category> <category><![CDATA[stock pick]]></category><guid
isPermaLink="false">http://cashinfo.org/?p=302</guid> <description><![CDATA[Newest member of our portfolio: Seabridge Gold (AMEX:SA) Today we saw a big decline in gold prices, as well as in other commodities. This price dip is just what we have been waiting for. This is probably the last change to get into the precious metals at some very interesting price levels before prices of [...]]]></description> <content:encoded><![CDATA[<div
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google_ad_width = 468;
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src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><h4>Newest member of our portfolio: Seabridge Gold (AMEX:SA)</h4><p>Today we saw a big decline in gold prices, as well as in other commodities. This price dip is just what we have been waiting for. This is probably the last change to get into the precious metals at some very interesting price levels before prices of gold and silver will skyrocket. We have decided to invest in two companies instead of one, the first one is Seabridge Gold Inc. (AMEX:SA) be bought shares today @ US$ 28,36 max. buying price is set at US$ 29,90 We will follow this company very closely and keep you informed with all major news and development around this company just as we do with our other stock picks. More information about Seabridge and our motivation will follow in the next post.<br
/> The second company we have picked we will probably buy into tomorrow since this one trades in Toronto (closed today), just hope the gold price doesn&#8217;t pick up overnight! When we do get the change to buy we will let you know right away, we have all ready disclosed these two names to our newsletter readers this morning (CET).<br
/> <a
href="http://cashinfo.org/about/seabridge/">Click here to go to the Seabridge Gold Company Page to see the interactive charts and more information</a></p><h4>BUY ALERT</h4><p>This price drop it just what you have been waiting for! Now a total of four great companies we picked can be bought at ridiculous low prices<br
/> <a
href="http://cashinfo.org/about/silver-wheaton/">Silver Wheaton Corp. (SLW) is now trading below US$ 19,90 This means it it now in the buying range!</a><br
/> <a
href="http://cashinfo.org/about/minera-andes/">Minera Andes (TO:MAI) is now trading below CAD$ 0,85 This means it is now in the buying range!</a></p><p><a
href="http://cashinfo.org/about/great-panther/">Great Panther (TO:GPR)remains in the buying range, buy below CAD$ 0,88</a></p><p><a
href="http://cashinfo.org/about/seabridge/">And out newest stock pick Seabridge Gold (AMEX:SA) is in the buying range below US$ 29,95</a></p><div
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