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Remembering Jim McInnes

 
 

Jim McInnes passed away last week after a long illness.  He was a director of Almaden since its IPO until he retired in 2013. Jim was a friend of many years. He had an outstanding career as a mining industry lawyer, with degrees in both geology and law. Our sympathies go out to his family.  He will be missed by all of us at Almaden.   

 

 
  October 9th, 2013: Words from the Chairman  
 

I attended the Denver Gold Forum again this year while our President, Morgan Poliquin, gave the keynote talk on North American discoveries at the Society of Exploration Geologists conference in Whistler, BC.

I was pleased to see the Denver conference was well attended, even with current lower gold and silver prices. Tim Woods, who runs the conference, told me that a lot of attendees were from generalist funds who were looking for the first time at this underpriced sector.

Besides the talks, the Denver Forum is designed around small temporary meeting rooms setup in a large ballroom. Each little room is about 9 foot square with a table and four chairs. For several months before the forum, parties interested in your company can schedule one-on-one meetings. There is also a reception where exploration companies such as ours an interface more informally with attendees.

After a number of such meetings, I was able to find time to hear talks by some of the larger producing companies. Frankly, I was appalled. All these talks were very similar and, if you hadn’t heard the name at the start, you had a hard time telling which company was presenting. The talks were all about cutting costs, especially exploration costs, and returning to better management practices. I never heard a word about expansion or seeking new projects to build into mines and replace declining production. Nearly two hundred years ago Nathanial Rothschild said “buy when there is blood in the streets.” Well, they look pretty bloody to me. Surely this is the time to be aggressive.

Many of the exploration companies attending the conference were also glum, mainly because of low stock prices and the difficulty in raising money in our current economic climate. But I remain incredibly confident about the potential and future development of the Ixtaca project as well as Almaden's other exciting prospects. We are well funded and still busy with four drills which continue to bring up great results.

On another front, we had been thinking about presenting our story to European investors this fall, but today a friend in Zurich sent an e-mail saying not to bother because of the current pessimism. However, none of the problems that governments around the world have created for themselves are any nearer to solution than when they started with printing money. Maybe people are just getting used to perpetual crisis and thinking this is normal so everything is must be ok. Our goal remains to keep advancing the Ixtaca project so that when these moods and markets change, as they must, Almaden shareholders will be ready with one of the most advanced gold silver projects anywhere.

 

 
 

August 18th, 2013: Words from the Chairman

 

Almaden had a booth at the Agora Investment Conference in Vancouver again this year.  Many of our valued shareholders attended, which made the conference a great contact point and a great opportunity to chat, hear their news, and update them on our projects.  

Our booth was very close to the speaking hall so I was able to listen in on several good talks by experts in the field of knowledge.  One particularly interesting session was by Jim Rickards, author of Currency Wars, who gave a great, matter-of-fact talk on the current state of currencies compared to each other and gold. He discussed the debate of inflation versus deflation. I guess any of us who have filled our car with gasoline or gone shopping for groceries knows there is inflation. Equally, I suppose anyone selling a house in some parts of the USA knows there is deflation. Rickards pointed out that there is a kind of tug of between the two – in net effect one cancels the other, for now at least. I got the impression that Rickards thinks inflation will probably win. He said the USA is trying to lower the value of the dollar to make imports more expensive.  But other governments are also competitively devaluing, creating a sort of race to the bottom.  One of his predictions that made me perk up was that governments will eventually have to reconnect with gold within the next five years and at a much higher price than we have currently.

Other talks were in the same vein of thinking and I came away feeling that we are in the eye of the hurricane with more problems to come.  It is confusing because many companies (outside mining) are doing well or very well, but every government in the world is deep in debt with no clear way out. Mining companies and the industry as a whole are in a tough spot.  But this will turn around.  It has to because it is still true that “if you don’t grow it, you gotta mine it.” As mining-friendly countries get fewer and old mines are depleted, new deposits in favourable jurisdictions will become more far more valuable.

As always please keep in touch with us.

Duane Poliquin, Chairman.

 

 

 
 

August 2nd, 2013: Summer Reforestation Program

Almaden runs a number of summer courses and tours for children at the Ixtaca property. Below are some images from the reforestation programme.

Ixtaca Reforestation

Ixtaca Reforestation

 

 

 

June 26th, 2013: Wheelchair Distribution

Ixtaca Wheelchairs

For the second year running, Duane and Morgan participated in the Wheelchair Foundation's distribution of wheelchairs in Puebla.  The Wheelchair Foundation is a charitable foundation which to date has distributed 933,924 wheelchairs worldwide.  This year, we were priviledged to support the Wheelchair Foundation's first delivery of special pediatric wheelchairs. It was a wonderful and emotional day. For more information, please visit the Foundation's website www.wheelchairfoundation.org

 

 

June 19th, 2013: Rally at Ixtaca!

Local residents, employees and their families from the local townships around the Ixtaca Project held a rally in support of the current exploration! Almaden’s management and shareholders are committed to working in sympathy with the environment and with the communities. We truly appreciate the show of support in these difficult financial times as Almaden continues to develop this project.

Ixtaca Rally

Ixtaca Rally

Ixtaca Rally

 

 

June 11th, 2013: Observing the Weather at Ixtaca

A new weather station on the Ixtaca Zone. The weather station measures temperature, barometric pressure, humidity, wind speed, wind direction, and precipitation.  Understanding this current and long term data helps us understand the environment and enables us to minimize our environmental impact as we plan our future progress on the property.

 

May 8th, 2013: Field Trip for Ixtaca Residents

Almaden organised a field trip for local Ixtaca residents to see an operating mine and to discuss its impact with the residents of that mine area. Duane Poliquin commented  “because there has not been any recent mining in the Ixtaca area, we felt it was important for people to see an operating mine first hand rather than rely on heresay.  It was a great and enjoyable experience for all who participated.”

 

 

April 6th, 2013: The Globe and Mail names Almaden as one of five Prospect Generators

In The Globe and Mail's weekend Globe Investor from Saturday, April 6th, David Aston named Almaden Minerals as one of "Five Explorers with Potential." Aston's article focusses on the advantages of investing in prospect generators, and Almaden is at the top of his list of exploration companies that "may give you a better chance of hitting pay dirt." Aston refers to several notable analysts who follow mineral exploration and quotes Adrian Day as saying “with 6 to 10 prospector generators you can have exposure to 5 to 100 projects over several years which can dramatically increase your odds of success.”  Wise words.

Duane Poliquin, Almaden's Chairman, responded: “It is very gratifying to see our long term business plan understood and appreciated.  Our prospecting in Eastern Mexico generated the Caballo Blanco gold deposit and the Ixtaca gold silver deposit. Discovery of these resources proves the potential of this new mineral district identified by our efforts.  We have discovered and staked several more prospects in the district and these will be explored by us or partners in the near future."

To read the article: http://www.theglobeandmail.com/globe-investor/a-better-way-to-prospect-for-mining-profits/article10812975/ And make sure to click on the Infographics for more information.

 

 

March 19th, 2013: Laptops for Students!

Almaden Laptops

Almaden Minerals has donated laptops to students in the local area. Rusbelt Salvador on behalf of Minera Gorrion, Almaden's subsidiary operating the Ixtaca Zone program, was on hand. Four students received computors. Antonio Lobato López from El tecnológico University Ixtacamaxtitlán, Dolores Lizbeth Fernández López from Vicente Suarez primary school. She got the first place in the zone about a test she took called ENLACE. Diana Posadas Marreros from Cuahuigtic and And José Emilio Sánchez Sánchez.

 

 

March 4th, 2013: Update from the PDAC

The PDAC is in full swing and the Almaden team has been busy. Having a booth in the Investors Exchange acts as a local office for the duration of the conference. People who want to meet with us know where to find us, look at maps, banners and data and get or give the information needed. Heather was a prime contact at the booth while Morgan, Korm and I went to various meetings with mining companies, funds, brokers, and other investors. It was gratifying to meet many shareholders at the booth and go over our recently released  Ixtaca resource estimate. The banners showing the geometry of the  deposit and a banner that is a blowup of the news release itself were of special interest to many. The conference ends Wednesday and Morgan and I will hold meetings on Thursday in Toronto and New York on Friday.

 

 

January 31st, 2013: Core Shack

Morgan, Daniel, and Heather at the Core Shack at Round Up in Vancouver.


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