Welcome to the Tara Gold HUB on AGORACOM

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Tara Gold Resources Profile
  • Partners spending $38 million.
  • 5 operations moving to production.
  • Major Silver discovery at San Miguel.

Tara Gold Resources Corp. is a US-based publicly-traded, growth-orientated resource company with 5 near-production and 3 exploration projects in Mexico. Tara is growing shareholder value by advancing 5 projects to production, expanding resources within these projects, aggressively drilling priority exploration projects, and listing on a senior stock exchange. Tara shares trade on the US Pink Sheets and the Frankfurt exchanges.

Tara is diversifying across non-precious metals and minerals in order to enhance its asset base and reduce commodity price risks. With this in mind, Tara has initiated the organization and financing of Tara Minerals Corp., an 82% owned subsidiary. Tara Minerals was incorporated on May 19, 2006 under the laws of the State of Nevada and holds a portfolio of two high-grad Zinc, Lead and Silver properties located in Mexico.

The principal business of Tara is the acquisition, exploration and development of high-quality metals and mineral projects with potential for economic commercial value. Tara is currently focused on properties in the natural resource belt of the Sierra Madre Occidental and other prolific areas in the states of Chihuahua, Sonora, and Sinaloa, Mexico. Investments must have a high probability of success based on historical data/mining and must be capable of achieving optimal shareholder value with an acceptable degree of risk.

Tara has been successfully mitigating its risk by optioning projects to partners, while retaining an average of 35% interest, in return for cash payments, start-up capital and exploration commitments. This gives Tara the ability to develop all projects simultaneously through focused partners, reduces equity dilution, and makes available resources for opportunistic investments. This strategy has resulted in Tara achieving positive cash flow from small-scale production, $2.4 million in partner payments and, if needed in the future, sale of scheduled partner stock compensations currently valued at over $5 million and growing.

Over the next 30 months, partners are committed to invest $19 million into expansion (start-up and exploration) and $19 million into property payments to earn their options. Revenue is expected to accelerate from a growing number of producing projects, production rate increases, cost reductions, growing commodity prices and non-dilutive project acquisitions.

Last changed at 22-May-2009 06:48AM by hhappy