Gainey Capital is pleased to announce it has signed a new 10 year "Working Agreement" with the San Andres Milpillas Indian Community, in the State of Nayarit, Mexico, where Gainey owns and operates the mining concessions of approximately 15,000 Hectares. The agreement includes increased access to a large number of skilled and unskilled local workers, as well as heavy equipment at very attractive rates. This is the final [...]
Gainey Capital is pleased to announce its 100% owned/controlled Mexican Sub Corp, Minera Buena Fortuna, has signed a new "Working Agreement" with the San Francisco De Lajas Indian Community in the State of Durango. Gainey owns and operates mining concessions of approximately 6,000 Hectares in Durango and has recently identified several new mineral targets in these concessions. The agreement includes increased access to a [...]
Gainey Capital is pleased to announce that Belmex Resources has engaged Gainey to process a minimum of 10,000 tons of high-grade gold ore at its 300 TPD mill and processing centre in Mexico's prolific gold and silver region of Sierra Madre. Gainey has begun taking delivery of the ore, delivered by truck from Belmex's facility just 22km from the mill. Gainey's facility is the only one in the region that includes a [...]
So far, gold is having a good year. In 2015, the spot price of gold is up 6%, ishares Silver Trust is up 12% and the gold junior ETF has surged 20%. The combined assets of SLV and GDXJ are now $6.7 billion. The U.S. Mint has also set a new sales record for its American Eagle silver bullion coins, with sales of 43 million coins. Physical bar & coin consumption is now 46% of industrial demand - a 500% increase in the last [...]
Gainey Capital is pleased to provide an update on ore processing negotiations and exploration plans. In addition, the company has finalized an agreement with the Municipality of Huajicori, which will enable Gainey to use the Municipality's heavy equipment, such as backhoes and front end loaders, at attractive rates. Cash Position: As at September 30, 2014, the Company had a total of approximately CDN$2.8 million in cash [...]
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