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apogee silver ltd (APE) Snapshot

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apogee silver ltd (APE) Details

Apogee Silver Limited operates as a junior exploration and development company in Canada. The company primarily explores for silver, zinc, and lead deposits. Its principal property comprises the Pulacayo-Paca property that covers approximately 22,850 hectares and is located to the east of Uyuni city, Bolivia. The company was formerly known as Apogee Minerals Limited and changed its name to Apogee Silver Limited in March 2011. Apogee Silver Limited was incorporated in 1987 and is headquartered in Toronto, Canada.

Founded in 1987

apogee silver ltd (APE) Top Compensated Officers

Executive Chairman
Total Annual Compensation: C$60.0K
Chief Financial Officer
Total Annual Compensation: C$8.7K
Executive Officer
Total Annual Compensation: C$250.0K
Strategic Advisor
Total Annual Compensation: C$300.0K
Compensation as of Fiscal Year 2013.

apogee silver ltd (APE) Key Developments

Apogee Silver Ltd. Announces Executive Changes

Apogee Silver Ltd. announced that it has received and accepted the resignation of Neil Ringdahl, Chief Executive Officer. Mr. Ringdahl is departing the company in order to pursue new opportunities, however, he will continue to assist Apogee to ensure an orderly transition. The company has appointed Jennifer Wagner, a corporate securities lawyer and current corporate secretary of the company as interim chief executive officer effective June 2, 2014. Ms. Wagner has been working as legal consultant and corporate secretary to various publicly traded companies in the mining industry since 2008. Prior to 2008, Ms. Wagner practiced securities law at a large Toronto law firm.

Apogee Silver Ltd., Annual General Meeting, Jun 17, 2014

Apogee Silver Ltd., Annual General Meeting, Jun 17, 2014., at 10:00 US Eastern Standard Time. Location: 463 King Street West, Suite 300. Agenda: To receive and consider the audited financial statements for the fiscal year ended June 30, 2013 and the report of the auditors thereon; to elect directors for the ensuing year; to appoint McGovern, Hurley, Cunningham, LLP as auditors for the ensuing year and to authorize the directors to fix their remuneration; to adopt and confirm its stock option plan; to implement a share consolidation of up to a maximum of one new common share for every one hundred pre-consolidated common shares; and to transact such further or other business as may properly come before the Meeting or any postponement(s) or adjournment(s) thereof.

Apogee Silver Receives Approval for the Development of Pulacayo by Bolivia's Ministry of Environment & Water

Apogee Silver Ltd. announces that Bolivia's Ministry of Environment and Water ("MMA y A") has approved the Environmental Impact Assessment ("EIA") for the Pulacayo silver and base metals project ("Pulacayo Project") in southwestern Bolivia. The approval of the EIA is the key milestone in the advancement of the project towards the construction phase. The approval of the EIA will allow Apogee, subject to the receipt of all necessary regulatory approvals and sufficient funding, to begin mine and concentrator construction with a targeted production rate of up to 560 tonnes per day (tpd) at the Pulacayo Project. The recently published feasibility study anticipated a buildup to a production rate of 1,000 tpd through two designed 500 tpd concentrator modules over three years. The Company believes it will be able to successfully modify this environmental permit at such time it exceeds 500 tpd, given that part of the current permit already incorporates a 1,000 tpd tailings storage facility and other mining infrastructure as designed. Initial earthworks for the concentrator are completed and a 1.3 km access road from the Pulacayo concentrator site to the newly paved, government-funded, double lane Potosi-Uyuni highway has been built, significantly improving access to the Pulacayo Project. As part of the ongoing infrastructure improvements across Bolivia, another new, double lane, paved road connecting Pulacayo to Oruro via Uyuni is expected to be completed in early 2014. The entire 755 km access route to the port of Arica on the Chilean coast will then be completely paved. Additionally, a new national airport has been recently built at Uyuni, just 25 km from the mine. The airport currently hosts three commercial flights per day from La Paz and connecting flights to other parts of Bolivia, and it is understood that plans are underway to convert it into an international airport in the future. A new government-funded electrical substation for the town of Uyuni is being constructed with sufficient capacity for the Pulacayo Project as well, only 27 km away from the mine. Previously, the Feasibility Study anticipated building a switching substation at Tazna, 61 km from Pulacayo and the construction of a 115 kV power line. Permitting activities for both options are already underway. Apogee have a proven management team with demonstrated operational success in Bolivia: In 2011 and 2012 over 31,000 m of additional surface and underground exploration drilling was concluded at the Pulacayo Project, resulting in significant increases in the NI 43-101 resources.


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