Tue, Jun 14, 2011 - 7:07pm
Silvermex was formed last year out of Genco and old Silvermex.
This is a good interview with the old CEO of Genco:
Genco used to be a peer of First Majestic, until they had terrible problems with the board and there was a strike and blockade at the mine. The major shareholder had to come in and boot the old board out. The merger was about him passing operational control to the old Silvermex people who are miners from Hecla and Silver Standard.
I was less than impressed to learn that Genco was the name of Don Corleone's front company in The Godfather. I guess that's a good indication that the old board were tossers - assuming they were responsible for naming the company.
Anyway, there's 200m inferred, production has recommenced and a whole load of exploration potential. I'm in.
Edited by: silvernomics on Nov 8, 2014 - 5:10am