Santa Fe Gold, the domestic precious/industrial minerals development firm with its sights set on becoming a major player in precious metals via the company's Ortiz gold and Summit silver-gold projects, reported today that the company has successfully engaged London-based fund management and emerging market-class advisory services firm, Collabrium Capital, to provide comprehensive corporate finance advisory help in support of growing the business.
With a considerable presence already established through a global network of affiliated financial services, industry, and government partners, Collabrium is an exceptionally well positioned finance advisory firm, with far-reaching operational striking distance. With a century of experience developing/managing highly profitable financial institutions over in the UK held by the firm's three principals, Collabrium is precisely the kind of strategic partner that SFEG needs to provide equity and fixed income over watch as the company continues to advance development of its properties.
The July 10 report from earlier this year that showed strong preliminary FY12 results for SFEG, characterized by a jump in sales of over 80% that was attributed to record production at the company's Summit silver-gold mine in southwest New Mexico, is a perfect example of the kind of activity this strategic partnership will support. SFEG anticipates that revenues will continue to increase at a good clip over the next few quarters as the Summit mine proceeds into higher-grade ore bodies and with successful completion of the ramp-up to the 10k tons/month target rate, the flagship Summit silver-gold mine, as well as the roughly 66 square mile Ortiz Mine Grant in Santa Fe County, New Mexico, provide ample targets for Collabrium's financial and market support capabilities.
CEO of SFEG, Pierce Carson, called the strategic partnership with Collabrium key to advancing the company's growing portfolio of precious/base mineral properties, which also includes the 1,385-acre Black Canyon mica deposit north of Phoenix, Arizona, and the Planet Micaceous Iron Oxide project located on some 523 acres in western AZ. Carson underscored the financial strength of Collabrium, as well as the extremely deep sea of financial experience accessible via the firm's managers, partners, and affiliates, assuring shareholders and investors alike that this move by SFEG would pan out nicely with increasing focus paid to the Summit project in particular. The Summit mining and processing operation includes the underground mine and Banner mill site (crushing/screening plant, ball mill, and the 400 ton/day flotation plant) where metallurgical processing occurs, consisting of roughly 857 acres (117 acres of patented mining claims, the rest unpatented) and the mill site-related 1,500 acre property (wholly owned and leased patented and unpatented mining claims).
CEO of Collabrium Capital, Stephen Couttie, echoing the sentiments expressed by Carson about how great an opportunity this move is for both Collabrium and SFEG, explained that the firm can provide a substantial contribution to the evolution of Santa Fe as a company, offering even as-yet-unanticipated downstream benefits that will be realized through introducing the company to markets where it (as yet) has little or no exposure. Couttie stressed the broad assistance the firm is capable of delivering to overall SFEG business development and said that his firm couldn't wait to get started supercharging shareholder ROI endpoints for Santa Fe.
To get a closer look at the extensive mineral operations currently engaged by Santa Fe Gold Corp., please visit the company's website located at: SantaFeGoldCorp.com
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