Farallon 2nd Quarter Conference Call
Thursday, August 12th, 2010
8:00 AM Pacific Time (11:00 AM Eastern)
Participant Dial-In Numbers(s):
US/Canada Dial-in #: (888) 231 - 8191 or Int'l/Local Dial-In #: (647) 427 - 7450
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- Farallon Mining Ltd. (TSX:FAN) is a Canadian company with a zinc-rich polymetallic mine in Guerrero State, Mexico.
- The G-9 mine achieved commercial production in April 2009. The production results during the commissioning phase met our targets and the mine has been built on-time and on-budget.
- G-9 deposit discovered, drilled and put into operation in less than four years.
- The G-9 mine is projected to be a low-cost producer of zinc along with excellent by-product credits in copper, silver, gold, and lead.
- Mill operating at over 1,900 tpd in March & April 2010, 27% above design capacity (1,500 tpd) one year after commercial production.
- Farallon has been steadfast in their ability to manage all aspects of bringing the G-9 mine into production. This should allow shareholders to ultimately benefit from the G-9 mine and the potential ability to generate cash flow under difficult circumstances.
- As well, the exploration potential of the Campo Morado property is still relatively untapped with numerous targets open for exploration and ultimately development, resulting in a district scale mining company with several mines in operation.
Annualized Targeted Production *
- 1,500 tonnes per day
- 120 M lbs of Zinc
- 15 M lbs of Copper
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- 2.5 M oz of Silver
- 28,600oz of Gold
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* Mine plan is based on measured, indicated and inferred mineral resources. Inferred mineral resources, in particular, are geologically speculative, so there is no assurance that the results will be realized.
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