F.A.Q.
Does Malbex have resources on any of its projects? Yes, our lead project, Del Carmen, has an initial NI 43-101 compliant inferred resource measuring 25.4 million tonnes grading 1.00 g/t gold and 13.3 g/t silver for 816,600 ounces of contained gold and 10.9 million ounces of contained silver. See more details
Where does the stock trade and what is its symbol? Malbex trades on the TSX Venture Exchange under the symbol MBG.
What is the Company's year-end? September 30
Who are its auditors? PriceWaterhouseCoopers
Who is the Company's transfer agent? Computershare Trust Company of Canada
For US shareholders, is Malbex a PFIC? Yes, for the year ended September 30, 2010, Malbex expects to be a passive foreign investment company (PFIC). Read more.
How many shares does the Company have outstanding? Fully diluted? At Dec. 14, 2011 132.3 million shares outstanding and 175.9 million fully diluted
What is the Company's working capital position? Working capital at Sept. 30, 2011 was $15.8 million
Why should I invest in the Company? Click here to view investor snapshot.
Why focus on Argentina? The first reason is geology: our properties are located in the prolific El Indio Gold Belt, which hosts more than 35 million ounces of gold in current reserves and past production, including the Veladero and Pascua-Lama deposits. Second is jurisdiction: the properties are contained within San Juan province, which is Argentina's most pro-mining province. Government support is strong, since the provincial government has an economic interest in development of any discoveries. Thirdly, given the number of gold mines and projects in San Juan province, there is already good infrastructure and a skilled labour force to draw on.
Why did you add a project in Peru in August 2011? The Ayacucho Region of southern Peru has a history of mining, with numerous small-scale mines in operation as well as exploration projects. Our Grace project has a 6km by up to 1.5km high sulphidation epithermal system that is highly prospective and has not been drilled. Also, the project can be worked year-round so is a good complement to our lead Del Carmen project in the Argentinean Andes that can only be explored October-April.
What is the government's ownership in the Del Carmen project in Argentina? The Instituto Provincial de Exploraciones y Explotaciones Mineral (IPEEM), an arm's-length agency of the San Juan provincial government, holds the underlying exploration concessions. Malbex holds its 100% interest in the project through 5 ½ -year exploration agreement with IPEEM, which began in September 2008. The agreement is convertible into a 30-year renewable exploitation license with a 3% royalty to the province and a 2% royalty to IPEEM.
What are the Company's spending obligations on the Del Carmen project? Based on its exploration agreement with IPEEM, Malbex is required to make staged expenditures over the 5 ½ year period of the agreement, beginning with Phase 1 (September 1, 2008 through March 12, 2010) and continuing as shown in the table below. Phase 2 ended on March 12, 2011. Phase 3 runs from March 13, 2011 to March 12, 2012.
| Project | Phase 1 | Phase 2 | Phase 3 | Phase 4/5 | Total |
|---|---|---|---|---|---|
| (Dollar values in US$ million) | |||||
| Del Carmen | 1.5 | 2.5 | 6.0 | 10.0 | 20.0 |
Why is the Malbex field season in Argentina October to April? The Company is working in the Andes in the Southern hemisphere. Accordingly, October through April constitute the summer months and the optimal time for field work on the projects. The months from May to September are typically spent analyzing data from the prior season and planning the next work season. In August 2011 Malbex acquired a project in Peru that can be explored year-around.
Are there any third-party technical reports on the Malbex projects? View independent technical reports.
Who is on the Board? Management team? View our Board & Management pages.
Where can I find the most recent presentation? View presentations