QualityStocks would like to highlight Silver Falcon Mining, Inc. (OTCBB: SFMI). The company is a developer and explorer of mineral resource properties, primarily in Owyhee County, Idaho, USA, with the objective of being a profitable, low-cost, precious metal producer and creating significant growth in shareholder value.
In the company’s news yesterday,
Silver Falcon Mining Inc. announced that it delivered 136 ounces of bullion dore to its contracted refinery, Republic Metals Corp., and has subsequently received payment on this first delivery.
The delivery confirms and initiates Silver Falcon’s contract with Republic, and will be followed by regular shipments of stockpiled Silver Falcon’s bullion dore.
Regarding the start of a revenue stream from the mill complex, Silver Falcon CEO Pierre Quilliam noted previous developments leading up to the company’s current position.
“After two years of ceaseless efforts by the officers and staff of our entire operation, we are somewhat humbled and elated by the realization that a milestone has been passed in the development of our company,” Quilliam stated in the press release. “Four years ago, the company contracted to develop 172 acres of a promising gold and silver extraction venture and showing revenue already is a grand accomplishment. The start of revenue into our current quarter assures our shareholders that the waiting is over and that they will be able to proudly follow our company’s fiscal and upward progression in the quarterly and year-end reports to be filed with the U.S. SEC.”
Until Silver Falcon’s secure smelting facility is complete, the company is using temporary facilities to smelt its ore concentrates and produce bullion dore bars. To date, the company has processed roughly 9,500 tonnes of tailings to produce 10 tonnes of concentrate containing gold and silver.
Silver Falcon said that once its secure smelting facility is completed, it will update its shareholders on inventory and other particular information via its filings.
About QualityStocks:
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
