Minefinders Corporation Ltd.

Minefinders Corporation Ltd is a proven precious metals exploration company which is expected to become a profitable mid-cap gold and silver producer during 2007. Minefinders is currently constructing a 18,000 tonne per day (tpd) open pit mine at the Dolores project in Chihuahua, Mexico. Dolores is host to a Measured and Indicated resource of more than 3 million ounces of gold and 149 million ounces of silver, with proven and probable reserves of 2.45 million ounces of gold and 128 million ounces of silver. The company is fully funded for the US$132 million capital cost to bring the Dolores mine into commercial production, and has additional working capital available for ongoing exploration at Dolores and at its other projects.

Minefinders Releases Pre-Feasibility on La Bolsa Project

 

Minefinders Corporation Ltd. (NYSE Amex: MFN, TSX: MFL) reported July 7, 2010, completion of a Pre-Feasibility study for its La Bolsa gold and silver project, located south of the Arizona-Mexico border, about 30 kilometers west of Nogales, Mexico.  The La Bolsa is estimated to produce 227,600 ounces of gold and 315,100 ounces of silver over a six-year mine life.  The project is anticipated to process 8,500 tpd, with an initial capital cost of $31.4 million, resulting in an estimated NPV (0% discount – pre-tax) of $132.2 million at spot prices.  We visited the La Bolsa project in June of 2009 and believed it to have very good potential to become a profitable, low-cost, low-risk, heap leach gold operation.

Minefinders a Near-, Mid- and Long-Term Opportunity

Minefinders Corporation Ltd. (NYSE AMEX: MFN, TSX: MFL) commenced commercial production at its Dolores gold-silver mine near Chihuahua, Mexico in May of 2009. At that time, the mine was forecast to produce over 1.7 million ounces of gold and 64.4 million ounces of silver from heap-leach operations over a 15.5 year mine life.

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Silver-Gold Dore - Gold Room - Dolores Mine - Minefinders

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North Pit Overlook - Dolores Mine - Minefinders - Chihuahua

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La Bolsa Main Deposit - Minefinders - US-Mexico Border

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Leach Pad - Dolores Mill - Dolores Village - Minefinders

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La Bolsa - Minefinders - Nogales Mexico

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Grand Opening Celebration - Dolores Mine - Minefinders

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Minefinders La Bolsa Deposit

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Minefinders is rapidly advancing development of its La Bolsa deposit in Sonora, Mexico (west of Nogales) adjacent to the US-Mexico border. The deposit took a back seat to Minefinders Dolores Mine, but with production stabilizing at Dolores, they have resumed their focus on La Bolsa with good results. La Bolsa appears to be a low-cost heap leachable gold operation that is near surface and open to expansion to the east. The video includes a panorama of the project with the potential location for the leach pad, satellite deposits, the main La Bolsa deposit, plus perspective on the area open to expansion at La Bolsa and the deposits proximity to the US-Mexico border.

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Minefinders' Dolores Mine Ready for Production



We recently met with Minefinders Corporation Ltd.’s (AMEX: MFN) management at the Denver Gold Forum and discussed their Dolores project which is expected to move into production in October of 2008.

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Special Video Report Tour of Minefinders’ Dolores Mine

We visited Minefinders Corporation’s (AMEX: MFN) Dolores mine in Chihuahua, Mexico. It was an exciting opportunity and a privilege to visit such a significant project at a time when the very first ore was being placed on the leach pad (picture on left).See full report.

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Minefinders’ Resource at Dolores Expands as Production to Commence

Minefinders Corporation’s (AMEX: MFN) Dolores mine near Chihuahua, Mexico is rapidly approaching production. Management recently announced an update that increased the reserve estimate for the project and released drill results on the adjacent high-grade East Dike satellite target.See full report.

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Minefinders Presentation January 22, 2008

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Mark Bailey
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Minefinders Corporation Ltd.Minefinders Corporation Ltd. (AMEX: MFN) is also rapidly approaching mid-tier production status, scheduling full commercial production at its Dolores project near...

Minefinders Introductory Report

Beacon Rock Research is initiating research coverage on Minefinders Corporation. Minefinders is scheduled to complete is first gold pour in early 2008 at its gold/silver project near Chihuahua, Mexico. The mine is anticipated to reach full commercial production by mid-2008 at which time they may be prepared to make a decision to expand the mine.

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