Recent new 52 week high.
Smallcap engaged in the business of acquiring and exploring precious and base metal properties in North and South America.
Purely Technical.
Support @ $2.16...2.10...1.97
Resistance...You have to look a 3 year chart to see long term resistance, and that was @ $2.27
back in April 2004, whivh it closed above this on Frifay @ $2.34
Technicals
MACD is Bullish
Stochastic is Bullish
Record Price High
Record Price Break Out
Percentage Gainer
Last Price Quote is:
above 13-day EMA
above 50-day EMA
above 200-day EMA
RS Rating: 97
Profile Get Profile for:
Metallica Resources Inc.
36 Toronto Street
Suite 1000
Toronto, ON M5C 2C5
Phone: 303-796-0229
Fax: 303-796-0265
Web Site: http://www.metal-res.com
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Full Time Employees: 45
BUSINESS SUMMARY
Metallica Resources, Inc., a development stage company, engages in the exploration, development, and acquisition of mineral deposits principally in Mexico and Chile. It owns a 100% interest in the Cerro San Pedro gold and silver heap leach project in central Mexico; a 30% interest in the El Morro copper-gold project in northern Chile; and a 100% interest in the Rio Figueroa copper-gold project in northern Chile; and other preliminary stage copper/gold projects in Chile. The company was founded in 1977. It was formerly known as Temple Explorations, Inc. and changed its name to Burgess Point Resources, Inc. in 1987. Further, Burgess Point Resources changed its name to Metallica Resources, Inc. in 1994. Metallica Resources is based in Toronto, Canada.
Headline News Link..... http://finance.yahoo.com/q/h?s=MRB
MRB (Metallica Resources)Amex -
Strong cash, no debt, Metallica Resources is a publicly held (TSX: MR, AMEX: MRB) Canadian mineral exploration and development company with a geographic focus in the Americas. The Company has recently increased its ownership interest in a gold project in Mexico to 100% and is actively pursuing its development. In addition, the Company has a 30% interest in a significant copper-gold project in Chile. Metallica's corporate goal is to build shareholder value through growth of its existing assets and pursuit of quality investment opportunities.
Looks like it is picking up support.
Holding up here.
Volume: 772,000
Avg Vol (3m): 166,397
Recent CandleStick Analysis
Very Bullish
Jan-13-2006 Bullish Engulfing
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Support @ $2.26...2.15...1.90
Resistance @ $2.48
MACD is Bullish
Stochastic is Bearish
I am heavily vested in MRB. I think it' only in its second wave of a five wave up cycle so far. Could double very soon with Gold ramping up this week.
Finished at HOD today @3.05. Chart looks like a bullish reversal. Who needs a chart if it is recommended by setravis, anyway? ;)
applaud setravis, great pick.
Quote from: palindrome on February 03, 2006, 04:28:56 PM
Finished at HOD today @3.05. Chart looks like a bullish reversal. Who needs a chart if it is recommended by setravis, anyway? ;)
Quote from: stocky on February 05, 2006, 05:07:50 PM
applaud setravis, great pick.
Thanks fellow traders. You are to kind. :D I hope folks were able to cash in on some profits there.
Looks like she has got some more to give. ;)
NICE PICKED SOME UP AT 3.00 SELLOFF ON BS NEWS HA DELAY OF TWO WEEKS AND ALSO THE COMPANY HAS SO MUCH CASH. CHEAP GOLD PLAY AFTER THE SELLOFF. GOLD IS HOT. ALSO THEY HAVE WON THE PREVIOUS CASE EASY4 - 5 IMO
Well let's post a chart since you brought it up.
Gold value play with no debt and $45M in cash.
She was down, but had a big after hours......
METALLICA RESOURCES (AMEX:MRB) Delayed quote data
After Hours (RT-ECN): 3.70 0.51 (+15.99%)
Technicals
Record Volume
Record Price High
Most Actives
Percentage Loser
Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 95
Fundamentals
Key Data:
Market Cap (M): $102.53
P/E Ratio: 248.00
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Volume: 1,649,000
Avg Vol (3m): 400,621
Press Release Source: Metallica Resources Inc.
Metallica Resources Announces Adoption of Shareholder Rights Plan
Friday April 21, 8:30 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Apr 21, 2006 -- Metallica Resources Inc. (TSX:MR.TO - News)(AMEX:MRB - News) (the "Company") announces that its Board of Directors has approved the adoption of a Shareholders Rights Plan (the "Plan"), effective immediately.
The purpose of the Plan is to provide shareholders and the Board of Directors with additional time to assess and evaluate any unsolicited bid for the Company, and to provide the Board with adequate time to identify, develop and negotiate alternatives to any unsolicited bid in order to maximize shareholder value. The Plan is not intended to block takeover bids for the Company that treat shareholders fairly. The Plan is not being adopted in response to any proposal to acquire control of the Company.
The Rights issued under the Plan only become exercisable if a person, or a group of persons acting collectively, acquires 20% or more of the outstanding common shares of the Company without complying with the "Permitted Bid" provisions of the Plan. A Permitted Bid is a bid which meets certain specified conditions, including that the conditions that the bid is made to all common shareholders by way of a takeover bid circular that remains open for a period of not less than 60 days, that no shares may be taken up and paid for unless more than 50% of the common shares held by independent shareholders are deposited and not withdrawn, and that the bid will remain open for a period of 10 days after the bidder announces that more than 50% of the shares held by independent shareholders have been taken up and paid for. In the event that a takeover offer does not comply with the Permitted Bid provisions, Rights holders may purchase common shares of the Corporation at 50% of the prevailing market price at the time the Rights become exercisable. The issuance of the shares upon exercise is subject to receipt of certain regulatory approvals.
The Plan is subject to approval by the Toronto Stock Exchange, and ratification by the shareholders of the Company. Shareholder ratification of the Plan will be solicited at the Company's May 23, 2006 Annual and Special Meeting of Shareholders. If ratified, the Plan will have an initial term of three years. If not ratified at the meeting, the Plan will terminate and cease to be effective.
Metallica Resources is an emerging gold and silver producer focused on the exploration and development of precious metal rich properties throughout the Americas. It currently has 83.6 million shares outstanding. For further details on Metallica Resources, please visit the Company's website at www.metal-res.com.
THE STATEMENTS IN THIS PRESS RELEASE THAT ARE NOT HISTORICAL FACTS CONTAIN FORWARD LOOKING INFORMATION. THESE STATEMENTS ADDRESS FUTURE EVENTS INVOLVING KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO VARY MATERIALLY FROM PROJECTED RESULTS. THESE RISKS AND UNCERTAINTIES INCLUDE THOSE DESCRIBED IN METALLICA'S FORM 20-F.
Contact:
Contacts:
Metallica Resources Inc.
Richard J. Hall
President and CEO
(303) 796-0229, Ext. 304
http://www.metal-res.com
--------------------------------------------------------------------------------
Source: Metallica Resources Inc.
Gold value play with no debt and $45M in cash.
Ready to make new highs.
This looks to be establishing a Bullish Price Channel.
;)
"MRB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;)
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$ ;D
Friday's closing chart ;D....... "Happy New Year" !
Hey Hawkeye, this one came up on the filter as a bluesky breakout on decent volume, hope you don't mind me updating it for ya. ;)
Quote from: pompano on March 10, 2007, 06:35:19 PM
Hey Hawkeye, this one came up on the filter as a bluesky breakout on decent volume, hope you don't mind me updating it for ya. ;)
Glad to see the update, Thanks for the work on it.......Applaud to you ! ;D
No, I don't mind at all. Happy to see you here ! ;)
Smallcap engaged in the business of acquiring and exploring precious and base metal properties in North and South America.
Gold value play with no debt and $45M in cash.
Stochastic cross over and bouncing smartly off 50 day.
Trending up since July 2005.
Support @ $4.84...4.57...4.46
Resistance @ $4.97
Technicals
MACD is Bullish
Record Price High
Percentage Gainer
RS Rating: 90
Fundamentals
Earnings Expected on Mar 9
Key Data:
Market Cap (M): $102.53
P/E Ratio: 248.00
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Below is the 3 Year Chart.......
Metallica Resources Announces First Quarter 2007 Results and Recent Corporate Highlights:
Highlights: ;D
- The Cerro San Pedro project produced its first gold-silver dore during April. Dore will be poured on a regular basis as the project advances towards full production later this year. Full production capacity is expected to be achieved by the fourth quarter of 2007. Production for 2007 is forecast to be 40,000 ounces of gold and 950,000 ounces of silver, approximately 45% of full-production capacity.
- Mineral reserves increased 25% at Cerro San Pedro, extending the estimated mine life through 2017. The updated reserve is based on $475 per ounce gold and $8 per ounce silver, equating to 2.6 million gold-equivalent ounces contained in 85.8 million tonnes of ore.
- Construction began on the second and third cells of the phase one heap-leach pad at Cerro San Pedro. When complete later this year, the cells will provide sufficient heap-leach capacity for production through 2008.
- A 6,208-meter drill program at the 30%-owned El Morro project intercepted significant high-grade copper-gold mineralization continuing to depth. All holes terminated in mineralization at depths up to 150 meters below the currently-defined measured and indicated La Fortuna resource.
- The Company's 30% share of the La Fortuna measured and indicated resource is 1.94 billion pounds of copper and 2.54 million ounces of gold at a 0.4% copper-equivalent cut-off grade. Last updated in November 2006, the resource does not reflect the results of the 6,208-meter deep drilling program.
- Xstrata, Plc. ("Xstrata") and the Company intend to spend a total of $1.2 million on drilling and other exploration activities outside the currently-defined La Fortuna resource area. The program is slated to commence late in the second quarter of 2007.
- An approximate 3,500-meter drilling program is underway at the Rio Figueroa project to test the extent of copper-gold sulfide mineralization intercepted in 2006.
- The Company concludes the first quarter 2007 in good financial health. As of March 31, 2007, the Company had a cash position of $36.1 million and no debt.
- The Company's share price increased 30% during the first quarter 2007, in contrast to the TSX gold index, which declined 6% during the same period.
Financial Results:
The Company is completing construction of its Cerro San Pedro gold and silver mine in Mexico. The Company has not yet recorded any revenue from operations. Financial results of operations primarily consist of interest income, general and administrative expenses, exploration expenses, foreign exchange gains and losses and other non-cash expenses.
First Quarter 2007 Compared to First Quarter 2006
The Company reported a loss of $0.76 million ($0.01 per share) for the three months ended March 31, 2007 as compared to a loss of $0.37 million ($0.00 per share) for the three months ended March 31, 2006.
General and administrative expenses increased by $0.30 million in the current period to $0.76 million. The increase resulted from additional payroll costs totaling $0.13 million principally due to salary increases and the hiring of additional employees resulting from the Company's transition from an exploration company to a gold and silver producer. Other cost increases in the current period relate to an increase in use of Sarbanes-Oxley and other consultants, and higher stock exchange and annual financial statement audit fees.
Stock compensation expense increased by $0.17 million in the current period to $0.21 million. The increase primarily resulted from current period vesting of 0.94 million stock options granted from April through December 2006 with fair values of $1.61 to $2.52 per option. In the preceding period, stock option vesting was based on lower fair values of $0.79 to $0.94 per option. The Company's stock option awards generally vest over a period of two years.
Restricted stock unit ("RSU") expense represents the increase in the estimated fair value of 370,000 RSUs outstanding at March 31, 2007 and 2006. RSU expense is recorded over the vesting period. The $0.14 million increase in RSU expense compared to the preceding period is principally due to an increase in the Company's share price from Cdn$3.83 at March 31, 2006 to Cdn$5.56 at March 31, 2007.
Foreign exchange gain of $0.17 million in the current period, as compared to a foreign exchange loss of $0.05 million in the previous period, principally results from a strengthening of the Canadian dollar relative to the U.S. dollar in the current period versus a slight weakening of the Canadian dollar versus the U.S. dollar in the preceding period. The Canadian dollar/U.S. dollar exchange rate was 1.156 at March 31, 2007 as compared to 1.166 at December 31, 2006. The Company held Canadian dollar cash and cash equivalents totaling approximately Cdn$26.26 million and Cdn$40.57 million at March 31, 2007 and December 31, 2006, respectively.
Liquidity and Capital Resources:
The Company had $36.06 million of cash and cash equivalents at March 31, 2007. The Company believes that it has sufficient cash balances to complete construction of the Cerro San Pedro mine and to satisfy its other obligations until such time as the mine begins to generate cash flow from operations, which is expected to occur during the third or fourth quarter of 2007.
The Company had working capital of $34.66 million at March 31, 2007 as compared to working capital of $42.10 million at December 31, 2006. The $7.44 million decrease in working capital primarily resulted from $7.62 million of additions to mineral properties, plant and equipment in the current quarter for construction of the leach pads and process plant facilities, and mine development activities at the Cerro San Pedro project. In addition, approximately $1.57 million was recorded in inventory due to mining and transporting of ore to the leach pads during the current quarter. The Company did not have any inventory in the preceding quarter.
Outlook:
Construction of the Cerro San Pedro mine was substantially complete as of May 1, 2007. Construction activities that remain to be completed include cells two and three of the phase one leach pad, testing of the recently installed high voltage power line, installation of additional pumps to increase processing plant capacity and construction of a lime silo. Mining and pre-stripping in the pit is currently underway with approximately one million tonnes of ore having been placed on the leach pad. Testing of the process plant began in January 2007, with the initial gold and silver dore being produced in April 2007. The mine is expected to ramp-up production in the second and third quarters of 2007 in order to achieve full production rates by the fourth quarter of 2007. Once full production is achieved, the operation is expected to produce an average of approximately 90,000 ounces of gold and 2.1 million ounces of silver per year over the currently estimated ten-year mine life. Forecast production for the current year is estimated at 40,000 ounces of gold and 950,000 ounces of silver.
Xstrata, the Company's joint venture partner on the El Morro project, is required to provide the Company with a feasibility study on the project by September 2007. The joint venture exploration agreement with Xstrata requires that Xstrata pay the full cost of the feasibility study. The agreement also requires that any future costs relating to exploration work on the El Morro project be shared in accordance with each partner's ownership interest of 70% for Xstrata and 30% for the Company. Xstrata and the Company have agreed to perform drilling and other exploration activities on the El Morro project totaling approximately $1.2 million during 2007. The Company will contribute 30% of the cost of this program. Work on this project is expected to begin late in the second quarter of 2007.
An estimated 3,500-meter drilling program at the Rio Figueroa copper-gold project in Chile is currently underway. The results from this drilling program will be used to better define the limits of the copper-gold mineralization at the Cerro Matta porphyry target.
Metallica Resources is an emerging gold and silver producer focused on the exploration and development of precious and base metal properties throughout the Americas. It currently has 92.4 million shares outstanding. For further details on Metallica Resources, please visit the Company's website at www.metal-res.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Hall, President and CEO
Information in this news release that is not current or historical factual information may constitute forward-looking information or statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Implicit in this information, particularly in respect of statements as to future operating results and economic performance of the Company, and resources and reserves at the Company's mineral projects, are assumptions regarding projected revenue and expense, gold, silver and copper prices, and mining costs. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including risks relating to general economic conditions and mining operations, and could differ materially from what is currently expected. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Contacts:
Metallica Resources Inc.
Richard J. Hall
President and CEO
(303) 796-0229, Ext. 304
Website: http://www.metal-res.com
--------------------------------------------------------------------------------
Source: Metallica Resources Inc.
Press Release Source: Metallica Resources Inc.
Metallica Announces Record Quarterly Revenue and Preliminary First Quarter 2008 Results
Wednesday April 9, 8:00 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Apr 9, 2008 -- Metallica Resources Inc. (Toronto:MR.TO - News) (AMEX:MRB - News) is pleased to report that, as a result of the sale of 15,922 ounces of gold and 203,973 ounces of silver in the first quarter of 2008, record preliminary revenues of $18.4 million were realized for the quarter. Gold and silver production at its Cerro San Pedro mine in Mexico increased 34% and 18% respectively in the first quarter, relative to the fourth quarter of 2007, at a cash cost per ounce of gold of approximately $408, net of silver. Roughly 22,000 recoverable ounces of gold and 370,000 recoverable ounces of silver were placed on the leach pad in the first quarter.
"Cerro San Pedro just completed its startup year and our on-going improvements have resulted in strong performance from the operation; we fully expect this trend to continue. This continuous improvement should translate into strong financial results during 2008," said Richard J. Hall, President and CEO. "Furthermore, we are actively reviewing mine plans and schedules for opportunities to increase production to 100,000 gold ounces per year," concluded Mr. Hall.
Ore production to the pad during the quarter was approximately 2.27 million tonnes, exceeding budget by nearly 300,000 tonnes.
- The Company produced 18,290 ounces of gold and 228,623 ounces of silver in the first quarter. Production targets for the quarter were 19,107 ounces of gold and 310,455 ounces of silver.
- The leach pad at Cerro San Pedro held approximately 8.9 million tonnes of ore at March 31, 2008 containing an estimated 153,000 ounces of gold and 6.6 million ounces of silver. Approximately 66,000 ounces of gold and 1.2 million ounces of silver are estimated to be recoverable. Limestone ore continues to be the dominate ore type on the leach pad and, in comparison to porphyry ore, it has lower recovery. Porphyry ore delivered to the leach pad will continue to increase as the mine is developed. Gold recoveries to date appear to be consistent with projections for the type of ore under leach and leach duration. Silver recoveries are behind projections but they're improving month over month. The six-month recovery curve for silver, originally obtained from crushed ore test work, may need to be extended.
- Preliminary cash costs per tonne of ore for the quarter were $4.86, compared to a budget of $5.50.
- The Cerro San Pedro processing plant is operating at 100% capacity. The plant is currently producing approximately 200 ounces of gold per day. Roughly 150,000 tonnes of ore are being placed under leach each week.
- Ing. Juan Guerrero was promoted to General Manager at the Cerro San Pedro mine. Mr. Guerrero was formerly the Assistant General Manager and has over 20 years experience in the mining industry.
Metallica Resources is a Canadian gold and silver producer. It currently has 93.2 million shares outstanding and no debt. For further details on Metallica Resources, please visit the company's website at www.metal-res.com.
Contact:
Contacts:
Metallica Resources Inc.
Rhonda Bennetto
Director Investor Relations
(303) 640-3292
Website: http://www.metal-res.com
--------------------------------------------------------------------------------
Source: Metallica Resources Inc.
Preliminary key performance indicators for the first quarter of 2008 compared to the 2008 budget:
updated chart look.......