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amalgamated gold & silver (BCHS) Details

Amalgamated Gold & Silver Inc., a development stage company, focuses on the exploration and development of gold and silver mining interests in the United States and Mexico. It intends to invest in various mining properties. The company was formerly known as Balmoral FX Systems, Inc. and changed its name to Amalgamated Gold & Silver Inc. in January 2012. Amalgamated Gold & Silver Inc. is headquartered in Miami, Florida.

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amalgamated gold & silver (BCHS) Key Developments

Amalgamated Gold & Silver Inc. Signs an LOI with EEPL Proprietary to Acquire Controlling Interest in the Ulexite Calcination Plant in Oruro, Bolivia

Amalgamated Gold and Silver Inc. (AGS) signed an LOI with EEPL proprietary to acquire a 51% controlling interest in the Ulexite Calcination plant in Oruro, Bolivia. Ulexite or 'TV Rock' as it is more popularly known is unique in the fact that the mineral acts as a natural conductor of light similar in form and function to that of optical fiber material. Under the terms of the Agreement, AGS will have the exclusive right to conduct independent due-diligence for a period of 60 days. Upon obtaining satisfactory results over the due-diligence period AGS will formalize a Purchase and Sale Agreement to acquire the plant and the unique intellectual property associated with the processing of the Ulexite.

Amalgamated Gold & Silver Inc. Signs Memorandum of Understanding to Acquire Huajara Polymetalic Processing Plant in Oruro, Bolivia

Amalgamated Gold and Silver Inc. announced it has signed a MOU to acquire the Huajara Polymetalic Processing Plant in Oruro, Bolivia. The company announced that it has signed an MOU with Edwin Elar Portugal Leon for the USD 1,500,000 Huajara, Polymetalic Processing Plant in Oruro, Bolivia. Under the terms of the Agreement AGS will have the exclusive right to conduct due-diligence on the processing plant, equipment, books and records for a period of 60 days. Upon obtaining satisfactory results, AGS will enter into a contract to acquire the facility. The facility can efficiently process 20mt. of flotation and 20mt. of gravity feeds per day and can be upgraded to process 100mt. per day respectively. Operations at the Plant in the last two years have had an average profitability of USD 300,000 per annum.

Amalgamated Gold & Silver Inc. Announces Production Results from its St Anthony Mine in Bolivia

Amalgamated Gold & Silver Inc. announced that it has confirmed the imminent production of antimony ore from its St Anthony Mine in Turiri, Bolivia with a physical inspection down one of the historic mine shafts. This shaft has been opened up and the proven reserves as delineated in the existing geological maps have been confirmed. Based on this it is projected that the mine will be able to go into full production imminently and the following production figures are projected: In the first six months of operation, Antimony containing ore, processed to a minimum 65% concentrate, valued at current market prices of approximately $10,000,000.00. Thereafter monthly production should produce an estimated $2,000,000.00 of Antimony. The company is currently short listing various professional contract mining companies that are capable of bringing the valuable St Anthony antimony into production at an accelerated pace. The company also announced it has successfully renegotiated the term of mining rights to the San Antonio de Turiri mine extending them for an additional ten year period ending April 28th, 2031 and negotiated the option to acquire an additional 29% interest.


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