EZM

[brandyjoco]

EZM has a P.E. of 11 on .13 cents (according to YAHOO).  The following is a post from a person on TGB message board saying that EZM may be possibly looking at 40 cents when they get their ZINC mine in production in July. The price is now $1.49 a share and going up. What do you think?


Re: Bloomberg Today
by: agandau04  02/03/06 11:00 am
Msg: 4739 of 4767

Actually they hedged 25% of 2006 @ $1.58. Their cost is $.78. So they LOCKED in an Operating margin of $.80 on 50,000,000 lbs of CU($40,000,000). They were apologetic for not making more(grin)! They also bought puts as protection LOCKING in the profit/cashflow for additional mine development. They still have 150,000,000 lbs CU not hedged. Using $2.00 CU that is another $185,000,000 of operating margin. They are also bringing a ZINC mine on stream in July. Projections were for an IRRof 80% @ $.65/lb Zi. Currently @ $1.06/lb. Leaving the Zinc mine out because it is not yet in production, that is very conservatively about $225,000,000 of operating profit on 570,000,000 shr O/S fully diluted or about $.40/shr.

I bought lots of it. And I think it is still a bargain at $1.45. Why did you not buy itin Dec.? Why do you view as a wait and see today? Is there a dark side to EZM I am not aware of

[la-onda]

update:

EuroZinc Announces Fourth Quarter and 2005 Operating Results
Thursday , February 02, 2006 14:27 ET

VANCOUVER, BRITISH COLUMBIA, Feb 2, 2006 (CCNMatthews via COMTEX) -- EuroZinc Mining Corporation ("EuroZinc") (TSX:EZM)(AMEX:EZM) is pleased to provide the Fourth Quarter 2005 and Year-End 2005 operating results. The following production numbers are specific to its wholly owned Neves-Corvo mine in Portugal.

                               FourthQuarter   Year-End  Year-End
                                        2005       2005      (i)2004
                                     ----------------------------
Tonnes mined (000's)             531      2,168     1,902
Tonnes milled (000's)              508      2,056     1,904
Copper grade - mill feed (%)    4.97       4.96      5.68
Plant recovery (%)                 88.29      88.13     88.61
Copper concentrate grade (%) 24.61      24.45     23.88
Contained copper (000's tonnes)  22.3       89.5      95.7
Net cash cost (US$ per pound)   $0.78      $0.77     $0.64

(i) EuroZinc assumed ownership of the mine on June 18, 2004

"Overall, 2005 was an excellent operating year for the Neves-Corvo mine," said C. K. Benner, Vice-Chairman and CEO of EuroZinc. "The mine tonnage output increased by 14% year over year from existing orebodies, labour complement, mill facilities and equipment. These improvements were achieved without any changes in the work schedules and demonstrate the productivity improvements of the work force and the potential for further improvement in the future. As well, the mill head grade was on plan for the year as the company continues to maintain a head grade of approximately 5%."

Mr. Benner added that, "The contained copper in concentrate produced was also on plan at 197.3 million pounds. The production of contained copper was less in 2005 than 2004 as the previous owner/operator of the mine had to contend with some unexpected ground conditions in the first quarter of 2004 that necessitated mining and processing a greater amount of high grade ore than originally planned."

The net cash cost per pound of copper sold for 2005 was US$0.77 compared to US$0.64 in 2004, reflecting the higher mill feed grade in 2004 and the increased treatment and refining charges in 2005. Despite commodity price increases during the year, particularly steel and oil based products, the overall operating cost per tonne of ore milled was marginally reduced in 2005. This was achieved by an 8% increase in the mill throughput, cost control measures exercised at the mine site and a favourable move in the Euro to US dollar exchange rate.

"Management is pleased with its first full year of operating performance at Neves-Corvo and is looking forward to additional improvements in the coming years," said Joao Carrelo, Managing Director of Somincor, the wholly owned subsidiary of EuroZinc and the owner/operator of the mine. "We are particularly pleased with the progress to date in preparing for zinc production at Neves-Corvo in the second half of 2006, and the accelerated and successful exploration program that got underway late in 2005."

EuroZinc will release the Company's December 31, 2005 resource and reserve figures on or before March 2, 2005, the date that the Company's 2005 financial results will be available.

EuroZinc is a Canadian based company engaged in the acquisition, exploration, development and mining of base metal deposits internationally.

Certain of the information contained herein constitutes "forward-looking statements" within the meaning of the Private Litigation Reform Act of 1995 of the United States. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EuroZinc Mining Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in ore grade, tonnes of ore milled, geological, technical, and mining or processing problems. Although EuroZinc Mining Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause actual results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements.

share structure:

Tue Jan 10, 2006
Share Structure
Shares Issued: 537,603,928

Outstanding:
Options: 20,325,168
exercisable at various prices from $0.10 to $0.90

Warrants: 12,963,755
2,868,103 exercisable at $0.75
10,095,652 exercisable at $0.60

Fully Diluted: 570,892,851

Investor presentation (check slides 40 to 45 ):
http://www.eurozinc.com/i/pdf/Copper_Conf_Jan_2006.pdf

EZM company sum. (45 slides):
http://www.eurozinc.com/i/pdf/EZM-ppt.pdf


nice pick brandyjoco, applaud

cheers
O.

[stocky]

applaud brandy, great pick.

[Terliso]

No position yet, watching for now
But a lot of growth from this company, 2004 revenue skyrocketed baby!!
(applaud brandy)

For the nine months ended 30 September 2005, EuroZinc Mining Corporation's revenues totaled $197.4M, up from $66.1M. Net income totaled $60.5M, up from $12.4M. Revenues reflect an increase in the realized priceof copper and an increase in sales. Net income also reflects an increase in interest & other income, presence of gain on settlement of Aljustrl production liabilities and unrealized gain on derative instruments vs. a loss in prior period.

[qma]

heavy accumulation. Look at the Volume.

[la-onda]

in @ 1.56.$

EZM: Volume Spike; 14% > 20-adsv, Stock +5.37%
Monday , February 06, 2006 11:15 ET

This is the 4th VOLUME alert for EZM in the past 7 calendar days.

Trading for Eurozinc Mining Corporation (AMEX: EZM) has been heavier than usual in today's session. By 11:15 ET, the stock had already traded 825,100 shares via 141 trades. The cumulative volume is 14.13% above its 20-day average of 722,940. Normally the stock experiences around 81 individual trades per session.

So far, today's volume surge has caused a net rise in EZM's stock price. At the time of this alert, the stock was trading at $1.570, up $0.080 (+5.37%).

Two months ago, the Company's shares closed at $1.100. The price has gained more than 42 percent since then.

Over the last 10 trading session EZM has traded in a range between $1.250 and $1.490 and is currently trading 5.37% above its 52-week high of $1.490 set on February 03,2006 and 49.52% above its 52-week low of $1.050 from December 30,2005.

In the previous 3 sessions, EZM trading has displayed a positive trend. Closing results have been as follows:

February 03, 2006 --- closed at $1.490 up $0.050 (+3.47%) on 1,289,000 shares
February 02, 2006 --- closed at $1.440 up $0.040 (+2.86%) on 2,176,000 shares
February 01, 2006 --- closed at $1.400 up $0.040 (+2.94%) on 999,000 shares

[valueseeker]

Bought in the morning at $1.52. Thanks Brandy for bringing it to 3SF and thanks Oliver for bringing it to my attention.

[brandyjoco]

Gee - I hope we won't be sorry we bought this. Everything is tanking today. 

Anyways, here is excerpt from their last yahoo earnings news (maybe there will be some news coming out before March 2):

"Management is pleased with its first full year of operating performance at Neves-Corvo and is looking forward to additional improvements in the coming years," said Joao Carrelo, Managing Director of Somincor, the wholly owned subsidiary of EuroZinc and the owner/operator of the mine. "We are particularly pleased with the progress to date in preparing for zinc production at Neves-Corvo in the second half of 2006, and the accelerated and successful exploration program that got underway late in 2005."

EuroZinc will release the Company's December 31, 2005 resource and reserve figures on or before March 2, 2005, the date that the Company's 2005 financial results will be available.

[la-onda]

I am in @ 1.54 

please check the ppt. slides I have mentioned before....


EZM: Volume Spike; 41% > 20-adsv, Stock -8.92%
Tuesday , February 07, 2006 14:05 ET

This is the 5th VOLUME alert for EZM in the past 7 calendar days.

Trading for Eurozinc Mining Corporation (AMEX: EZM) has been heavier than usual in today's session. By 14:05 ET, the stock had already traded 1,162,300 shares via 208 trades. The cumulative volume is 40.75% above its 20-day average of 825,765. Normally the stock experiences around 94 individual trades per session.

So far, today's volume surge has caused a net decline in EZM's stock price. At the time of this alert, the stock was trading at $1.430, down $-0.140 (-8.92%).

Two months ago, the Company's shares closed at $1.100. The price has gained more than 29 percent since then.

Over the last 10 trading session EZM has traded in a range between $1.250 and $1.580 and is currently trading 9.49% below its 52-week high of $1.580 set on February 06,2006 and 36.19% above its 52-week low of $1.050 from December 30,2005.

In the previous 3 sessions, EZM trading has displayed a positive trend. Closing results have been as follows:

February 06, 2006 --- closed at $1.570 up $0.080 (+5.37%) on 2,502,000 shares
February 03, 2006 --- closed at $1.490 up $0.050 (+3.47%) on 1,289,000 shares
February 02, 2006 --- closed at $1.440 up $0.040 (+2.86%) on 2,176,000 shares

[la-onda]

EZM chart update, nice recovery yesterday IMO 

[Jimbo]

Everything is tanking today, including EZM 

Are you guys still on board ? It's bouncing back but closing bellow $1.37 won't be good.

Any thoughts ?

[digdug42]

This isn't helping. commodities selling off and copper prices might be falling.

http://www.bloomberg.com/apps/news?pid=10000086&sid=aTrjsIE0ZoMQ

(edited post with new article)

[la-onda]

EZM: RBC Capital Starts @ Sector Perform; Analyst Notes
Friday , February 10, 2006 10:11 ET

Issuer: Eurozinc Mining Corporation (AMEX: EZM)
Analyst Firm:  RBC Capital Markets
Ratings Action: INITIATE
Current Rating: Sector Perform
Analyst Comments: The firm sets their target price to C$1.60.

[stockontop]

News Aug. 11, 2006
EuroZinc Announces Three-Fold Increase in Quarterly Earnings

EuroZinc Mining Corporation ("EuroZinc" or "the Company") (TSX:EZM.TO - News)(AMEX:EZM - News) today announced the financial results for the second quarter of 2006. C. K. Benner, Vice Chairman and CEO of the Company, commented that, "this has been our strongest quarterly financial performance since purchasing the Neves-Corvo mine in 2004. The copper grade of the mill feed was on plan for the quarter, averaging 5.1%, and the Company sold 46.1 million pounds of contained copper in concentrate during the quarter, which was 19% or 7.4 million pounds greater than was sold during the first quarter of this year. Performance of our operations were on plan for the second quarter and the first half of the year, and the construction of the zinc plant at Neves-Corvo mine was commissioned on July 3rd, slightly earlier than planned. The Company is now well-positioned to pursue other growth opportunities."

ADVERTISEMENT


Highlights for Second Quarter 2006

- Net earnings of $71.6 million or $0.13 (C$0.14) per share;

- Cash flow from operating activities before changes in non-cash working capital items of $83.1 million or $0.15 (C$0.17) per share;

- Increased cash and cash equivalents by $43.1 million to $97.3 million;

- Increased working capital by $70.8 million to $128.8 million;

- Arranged debt financing and government incentives for the Aljustrel mine;

- Commenced development of the Aljustrel mine;

- Commenced zinc production at Neves-Corvo on July 3, 2006;

- Assembled the largest exploration package in the history of Iberian Pyrite Belt with the granting of four new exploration concessions.

The Company's unaudited interim consolidated financial statements including related notes, and the management's discussion and analysis for the six months ended June 30, 2006 are available on the Company's website at www.eurozinc.com.

Additional information related to EuroZinc such as the audited consolidated financial statements for the year ended December 31, 2005, the Annual Information Form, and the Management Information Circular are also available on the Company's website or on the SEDAR website at www.sedar.com.

EuroZinc will hold an investor conference call to discuss the Second Quarter 2006 Financials at 8:00 AM Pacific Standard Time (11:00 AM Eastern Standard Time) on August 15th, 2006. To participate in the conference call please dial, toll free in North America 1-866-322-8798, or 416 640-3407 within the Toronto area or internationally. Alternatively, a live audio web cast of the conference call will be available on EuroZinc's website. The web cast will also be archived on the EuroZinc website.

[fous]

Gap up tomorrow, but wil it run? Quite possibly, this will be something to watch for sure tomorrow.

EuroZinc Mining and Lundin Mining to Merge to Create Premier Copper and Zinc Producer

EuroZinc Mining Corporation (TSX: EZM)(AMEX: EZM) and Lundin Mining Corporation (TSX: LUN)(OMX: LUMI) -

- The merger creates a premier, diversified copper and zinc producer

- Four profitable mines operating in Portugal, Sweden and Ireland; with a fifth mine, Aljustrel, to commence production in the second half of 2007

- Annual production of approximately 450 million pounds (205,000 tonnes) of contained zinc and 200 million pounds (90,000 tonnes) of contained copper

- Strong balance sheet with US$270 million in cash and short-term investments, minimal long-term debt, and significant operating cash flow to facilitate an aggressive growth strategy

- Management team to reflect the collective strengths of both companies

- Existing EuroZinc and Lundin Mining shareholders will own approximately 56.7% and 43.3%, respectively, of the combined company

EuroZinc Mining Corporation ("EuroZinc") and Lundin Mining Corporation

("Lundin Mining") today announced that they have entered into a definitive agreement to merge the two companies to create a new global mining company. The combined company will be called Lundin Mining Corporation and will have a market capitalization of approximately US$3.0 billion (CDN$3.3 billion), creating one of the North American and European markets' premier, diversified copper and zinc producers. The combined company, upon closing, will remain listed on the Toronto, OMX

(Stockholm) and AMEX (application required) stock exchanges.

Colin K. Benner, Vice-Chairman and Chief Executive Officer of EuroZinc, stated: "This merger adds significantly to both EuroZinc and Lundin Mining's operating bases. By combining the two companies, our collective strengths will allow us to further improve the significant operating cash flow from each of the operations. The combined financial strength and collective expertise of our talented personnel will allow the new company to pursue global growth opportunities and fill the market void in the mid-tier mining sector. This combination of companies will increase shareholder value and provide greater sustainability for the future. We are very pleased and excited about the possibilities this merger affords our collective shareholders and see this as a major step in building a world-class mining house."

Karl-Axel Waplan, President and Chief Executive Officer of Lundin Mining, added: "The combined strengths of Lundin Mining and EuroZinc will allow an acceleration of both companies' aggressive growth strategies. The combined company will have a world-class portfolio of mining projects, the support of extensive shareholder bases in both North America and Europe, a very strong financial position with excellent cash flow, and a highly motivated management team - creating an exciting, powerful platform for rapid growth. We have a clear vision of where we want the combined company to go and we intend to both maximize our existing assets and also continue to pursue other world-class opportunities globally with the clear objective of creating value for our shareholders in both the short and the long term."