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Inca Peruvian Mining Gold

Inca Peruvian Mining Gold | gold rush | Scoop.it

Gold

While the price of gold has risen tenfold over the past five years most analysts still feel that the price will continue to rise in the short to medium term. Standard Chartered, BNP Paribas and Morgan Stanley all foresee the forward gold price rising to over $2,000 per ounce in 2013 and 2014 and staying there until well into 2015.

Several underlying macroeconomic factors support these forecasts and expectations: The gold price is inversely driven by global liquidity and real interest rates, especially in developed economies, and poor liquidity over the medium term should continue to see the demand for gold hold strong.

World economic instability and the erosion of value through fiscal easing in the reserve currencies still shows no sign of letting up.  In addition the inflationary effect of increasing the money supply in the USA and Europe will start to exhibit negative symptoms in 2013 and the following two to five years. 

Angela Merkel recently stated that she expects the current negative conditions in the Euro-zone to take up to five years to resolve and for consistent economic growth, liquidity and prosperity to return to the EU market.

Strong underlying industrial demand for gold still exists, which will grow through demand from emerging economies.

 

 

Investment demand in gold from China and India is expected to continue as middle classes in those countries grow. In addition BRIC central banks (Brazil, Russia, India and China) are stockpiling gold. The trend is solid in medium term but cannot be expected to continue in the long term.  The general conclusion therefore is that high gold prices are here to stay at a level of between $1,500 and $2,250 per ounce over the coming 24-36 months.

Winnfin's insight:

Even after this little dip in the market. Gold still looks ripe for the picking. find out more www.winnfin.com

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Chiclayo Tailings

Chiclayo Tailings | gold rush | Scoop.it

Chiclayo Tailings

Chiclayo Tailings is a Silver Tailings project located in the Chiclayo region in the north of Peru. It consists of over 9 million tonnes of ore, which preliminary sample testing has yielded 3-9 oz per tonne silver content and gold residue of ½ gram per tonne.

The tailings are open cast and therefore no significant mining work is required beyond breaking up the tailings´ surface structure and transporting them to the processing plant.  

Agreements and heads of terms are in place to share the benefits of the mine with the local community, which would be paid $7 per tonne of ore transported through the village. All costs including transport and processing are forecast to be just under $100 per tonne. Estimating at an 80% recovery ratio, it would generate a net profit of $55 per tonne or a 35% operating margin if the grade of ore was maintained at 3-9 g/t.

The project also has an environmental benefit as the concession is granted as a clean-up operation, although this results in higher legal and operating costs to ensure project compliance.

The intention is to start production soon after the remaining due diligence and contracts are completed, at 100 tonnes per day, and would rise to 400 tonnes with the total cost of extraction and processing estimated to be approximately $60 per tonne. The intention is to build a local, wholly owned processing plant which will reduce the transport and processing costs of the project, as well as allowing us to reach the full output potential of the project and hence further enhance its profitability.

Please note: Production work on the 'Chiclayo Tailings' project has not yet started. Preliminary ore samples and contracts with the owner is all that has been achieved as of March, 2013. Further samples, testing and full geology report will be required before any more investment in this project is committed by Inca Peruvian Mining, Ltd.

Winnfin's insight:

Please read carefully, this could be a great way to make money. visit our site for more details on Inca Peruvian Mining or how to get involved. www.winnfin.com admin@winnfin.com

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Angostura Project

Angostura Project | gold rush | Scoop.it

Angostura

Inca Peruvian Mining Ltd. has invested into a joint venture opportunity with a project in southern Peru which consists of up to a 30% ownership with the joint venture partner. The ownership percentage depends upon the funds raised for the project. This project has history of artisan miners working on the property. The development and extension of an access road on the concession has recently revealed new access points to some veins.

The joint venture partner began processing the mineral in August, 2012. Over the course of operating the mine, we expect production to ramp up significantly.

Investments into the project have been used to improve the site structurally such as roads, tunnels and shafts. We are also looking to improve the processing facilities and incorporate bigger machinery and equipment that will allow mining and production to reach the projected levels.

 

Initial earth works at the Angostura site commenced in December 2011 and mining production commenced in June 2012 after weather setbacks delayed mining. While our joint venture partner is contracted with a number of local processing plants, located between 50 to 120 miles from the mine, service and reliability issues as well as the cost of transportation have lead to our joint venture partner to build their own processing facility within 15 kilometers of the mine.

Over the course of operating the mine, we are aiming for production to ramp up to several hundred tonnes of ore per day.  Production increases have to be aligned with processing capacity and will be phased in over the coming 12-24 months of the project.  We currently project that the cost of mining, freight, and processing will be less than 1/3 of the market price per gold ounce upon completion of the new processing plant. This is based on a 6 g/ton mineral; however we have many assays showing higher concentrations, with this in mind, it is quite possible that the costs could be reduced to a 1/4 or less per ounce.

Based on several hundred tons of processed mineral and a dozen assays we expect the mine to average between 6 and 12 grams per tonne. Assays over the past few months have delivered very positive results of between 9 and 23 grams per tonne. Management’s current focus is to overcome the short term delays, production and processing bottlenecks in order to generate returns for investors.

The Angostura mine has a NI 43-101 geology report which has a very positive inferred mineral resource of gold. The recommendation from the report was to continue exploring the mine and selling mineral as we go. This strategy is the most economically viable for this type of project.

Winnfin's insight:

We believe this plant could put Inca Peruvian Mining LTD on the map.

Find out more at www.winnfin.com

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A 2008-Type Of Event Will Plunge The World Into A Panic

A 2008-Type Of Event Will Plunge The World Into A Panic | gold rush | Scoop.it

Today one of the savviest and most well-connected hedge fund managers in the world spoke with King World News about the war in gold and potential chaos in the derivatives markets.  Outspoken Hong Kong hedge fund manager William Kaye also warned that a repeat of a 2008-type of event would plunge the entire global financial system into a complete panic that would dwarf what the world witnessed in 2008.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his fascinating and powerful interview.

 

Kaye:  “I’m focused right now on the fact that the gold price has been relatively strong.  Generally we see very thin trading in August.  In fact, most of the trading that is recorded in the markets is algorithm trading.  In other words, it’s Goldman Sachs algorithm trading with JP Morgan, and then they switch roles the next day. 

 

This is well known in the industry, but it’s not well known to investors.  So most of the liquidity that appears to be present in these markets is in fact nonexistent.  It’s phantom liquidity provided by these high frequency trading algorithms....

 


Via Hal
Winnfin's insight:

This is the down side to selling leveraged paper gold. for more info admin@winnfin.com or visit our site www.winnfin.com

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Assays encourage rich ore from Angostura project.

Assays encourage rich ore from Angostura project. | gold rush | Scoop.it
Arequipa, Peru - 30th May, 2013

Inca Peruvian Mining, Ltd. is pleased to report that recent assays taken from a tunnel below one of the 4 narrow veins at the Angostura project have returned showing an even higher grade than the samples taken previously.

Visually the ore from this part of the vein looks darker and generally richer. The results were mixed ranging from 12 grams per ton to as high as 120 grams per ton.

Although previous assays had returned similar high results, none have been as high as 120 grams per ton.

These results are very promising for the company, the revenue forecasts had been calculated on 7 grams per ton mineral. If revenue is achieved at an average of 14 grams per ton, in our first year as a listed company, revenue would be up by over 100%.

Miners are continuing operations at the Angostura project and ore is being stockpiled in preparation for the processing plant to come online.

About Inca Peruvian Mining, Ltd.
Inca Peruvian Mining Ltd. is a South American mining company that specializes in gold, silver and copper mines with the intention to invest through joint venture contracts and seek out niche markets that focuses on low risk, with immediate cash flow.

Winnfin's insight:

Great news for this young mining company. for more info contact us admin@winnfin.com of visit our site. www.winnfin.com

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Rare earths: West bids to challenge China's monopoly, but is it too late? - Telegraph

Rare earths: West bids to challenge China's monopoly, but is it too late? - Telegraph | gold rush | Scoop.it
The world needs rare earth metals for everything from iPhones to missiles - and China's strangehold on the market is worrying Washington and others, writes Emma Rowley.
Winnfin's insight:

Its never to late to cash in on a good thing, however to topple a monopoly, it will take more money and time than Europe can aford to give. We believe Chinas grip on this sectore will remain firm.

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Winnfin's comment, August 22, 2013 12:37 PM
For more info email us admin@winnfin.com or visit our website www.winnfin.com
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Processing Plant

Processing Plant | gold rush | Scoop.it

Processing Plant

The following factors have lead to the joint venture partner to take the decision to develop a processing facility to serve the Angostura mine but also with potential to generate its own income from other small mines in the area.

Opportunity of freehold purchase.Moratorium / amnesty of 2 years to apply for license.Location; close to mine, highway and electricity grid, distant from any population and downstream from water supplies.Grid supplied electricity rather than a diesel generator reduces electricity cost dramatically.Security of processing capacity and quality.

Reduced processing cost to approximately US $30.00 per tonne and reduced transportation cost to under $10 per tonne as opposed to the $40 previously charged. Control of development will enhance the scalability and profitability of the mine.

The plant will be an end-to-end processing solution, except for the final gold extraction from carbon and smelting - a decision in part governed by capital restrictions, practicality and security. The process uses cyanide leaching and carbon capture as follows:

The process involves several stages, milling, agitation tanks followed by smaller carbon tanks.Mineral from ore bins is run through a crusher thereby reducing the ore to half inch pieces. From there the ore is mixed with cyanide water solution and pumped into a ball mill where it is further reduced to a powder of sub-200µm to -100 µm particles.The powder is then pumped into agitation tanks with a water cyanide solution. Once thickened leaching reagents in the form of cyanide and an oxidant such as air or oxygen are added. Leaching takes place as the pH solution is adjusted to a value of around 9.5–11 to ensure minimum loss of cyanide as hydrogen cyanide and the mixture is agitated in the leach reactors either mechanically (rotation stirrer) or by air.Typical residence times in the leach section may range from 20–40 hours depending on the head grade and nature of the ore and the number of agitation tanks.In the Carbon in Pulp process (CIP) the carbon of concentration 10–25 grams of carbon per litre of pulp (0.5 to 1.2% by volume carbon) is added directly to the leach solution to save on processing time and capital investment for a slight reduction in efficiency yields.  The carbon is retained in each reactor by means of screens having an aperture of 0.6–0.8 mm which allows pulp to flow through and out of the reactor whilst retaining the carbon in the reactor.  The gold aurocyanide complex in the aqueous phase is readily adsorbed onto the activated carbon.

A risk is the delay in the electricity supply while most of the equipment needed including the agitation tanks have already been acquired or are being built.

The whole process is scalable with base infrastructure being installed from the beginning to allow a final capacity of 300 tonnes of ore per day.  Capacity however will start at 35 tonnes a day in line with the expected output of the Angostura mine and as both the mine and the processing plant are scalable, production of both is expected to increase, funding permitting, to 70 tonnes a day within 60 days or by the end of quarter 1, 2013.

The design takes advantage of the natural topography of the land with the process starting at a higher gradient and almost rolling down hill to the bottom.

At the end of February 2013, the processing plant was nearing completion.

Winnfin's insight:

This is obviously a great way to save money by reducing cost expense. for more information contact us admin@winnfin or visit or site www.winnfin.com

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Asia Project

Asia Project | gold rush | Scoop.it

Asia Project

Inca Peruvian Mining, Ltd. has signed a ‘letter of intent’ to allow it to acquire up to a 50% share, through a profit sharing agreement, of a project named “The Asia Project”.

The Asia project comprises of two leased mining concessions of 100 hectares each, located in the District of Coayllo, Cañete Province, just outside of the Asia district and about an hour and a half drive from the city of Lima.

Both concessions are in a highly mineralized area and are surrounded by mines operated by two large, well established, local mining companies, Empresa Minera Condestable and Candente Gold Peru. These two companies, operating nearby, mine large quantities of mineral and process it at the processing plant in Mala, which is located 40 minutes from the operating area.

At least 10 veins have been discovered and worked on by informal miners. Inca Peruvian Mining believes that this project can raise the necessary funds in order to progress the production rate and extraction.

The testing from the currently accessible veins have so far returned results of over 20 grams per ton for Gold with traces of Silver and Copper also present.

Inca Mining believes that this project fits well with their strategy of sourcing projects which offer a relatively low capital expenditure with fast potential returns on investment and although mining and processing will be restricted to 20 - 30 tonnes per day while processing through the nearby processing facility, the high grade of the mineral from samples taken make the deal attractive and offer high operating margins.

 

Winnfin's insight:

Asia Project

Find out how to get involved, mail us admin@winnfin.com or visit our site www.winnfin.com

 

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Here’s Why There Is A War In Gold Near The Key $1,370 Level

Here’s Why There Is A War In Gold Near The Key $1,370 Level | gold rush | Scoop.it

With the ongoing war in gold continuing near the key $1,370 level, today the man who provides macro research and commentary to many of the largest financial institutions and top hedge funds around the world sent KWN 10 absolutely stunning charts, which included gold, and other incredibly key markets.  Eric Pomboy, who is founder of Meridian Macro Research, also provided powerful commentary to go along with the 10 remarkable charts, as well as what all of this means for these key markets, including gold.

 

By Eric Pomboy Meridian Macro Research

 

August 21 (King World News) - Gold Battle Near Key $1,370 Level - Charts Of The Day

 

Taking a look at the Gold relative to Net Commercial position chart, we find that the 22% bounce (same for 2005, 2008 bottoms) we highlighted late in July has resulted in a full snap-back into the (bullish) trend line.  As such, we should not be more than a week or so away from some sustained moves higher for both gold and silver. ...

 


Via Hal
Winnfin's insight:

soon as we see the forthcoming Dollar weakness we will see the start of the Gold Rally. What do you think? contact us admin@winnfin.com or visit our site www.winnfin.com

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Signed ‘letter of intent’ to acquire up to 50% in new project.

Signed ‘letter of intent’ to acquire up to 50% in new project. | gold rush | Scoop.it
21st March, 2013 - Lima, Peru

Inca Peruvian Mining, Ltd. is pleased to report that it has signed a
‘letter of intent’ to allow it to acquire up to a 50% share, through a
profit sharing agreement, of a project named “The Asia Project”.
Winnfin's insight:

This is a great way for young company's to grow there business and reduce there risk. For more information contact us admin@winnfin.com or visit our site www.winnfin.com

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Inca Peruvian Mining's new processing plant may reduce production costs by 50%

Inca Peruvian Mining's new processing plant may reduce production costs by 50% | gold rush | Scoop.it
Inca Peruvian Mining, a South American company specializing in gold, silver and copper mines, has secured a contractor to complete the construction and installation of the new processing plant.
Winnfin's insight:

WinnFin backs the latest South American Gold rush. We are thrilled to be involved with IPM and have been authorised to assist in placing their shares prior to a public flotation and listing on a major European bors

Inca Peruvian Mining Ltd. is a South  American mining company that specializes in gold, silver and copper mines with  the intention to invest through joint venture contracts and seek out niche markets that focuses on low risk,  with immediate cash flow.

Inca Peruvian Mining’s primary focus is to enter into joint ventures with local mine owners, as well as operating and geologist partners, to purchase the rights to, and develop, small to medium sized artisan mining, tailings, production and prospecting projects.

Most of the world's metal comes from the Andes region because the continental plate there is quickly subsiding under the coast folding and thrusting up the mountains causing magma to rise through old rock.

email admin@winnfin.com.

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Winnfin's comment, August 22, 2013 12:37 PM
For more info email us admin@winnfin.com or visit our website www.winnfin.com