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Arian Silver Corporation (Arian) is a silver exploration, development and production company operating in one of the richest silver-bearing districts in the world, Zacatecas State, Mexico. Arian’s current flagship project is their 100% owned San José property which lies 55km to the southeast of Zacatecas City and covers 11 mining concessions totalling approximately 6,300 hectares. The Company is committed to increasing its resource at San José concurrent with, initially contract mining and milling operations, and then, subject to positive milling and metallurgical studies, to build its own bespoke mill, as well as exploring new opportunities. The Company is listed with the ticker symbol AGQ on London’s AIM and Canada’s TSX-V Exchanges and the Frankfurt Stock Exchange with the ticker 13A.

 

Website:
http://www.ariansilver.com
Phone:
+44 (0)20 7887 6599
Address:
Berkeley Square House, Berkeley Square, London W1J 6BD.
Super Sector:
General Mining - Silver
Sector:
Mining
Industry:
Platinum & Precious Metals
EPIC / Symbols:
LON:AGQ, CVE:AGQ
chart-size
*subject to change and depends on individual circumstances.

Arian Silver RNS Press Releases

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Arian Silver Articles and News

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Arian Silver Related Media

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  • 29/01/2013

    Stocktube video - Arian Silver looks to raise efficiencies with its new mill

    Jim Williams CEO Arian Silver (LON:AGQ TSX-V:AGQ) tells Proactiveinvestors at the VRIC 2013 that toll milling is due to start "any time now" at 500 ton per day as the company builds its own mill with a view to making significant cost savings. At the same time Arian is undertaking a drill programme to expand the mine. Jim also says that Arian is in talks with institutional investors to help fund the plans for 2013.

Broker press

  • Page 1 of 1
  • 28/03/12

    28.03.12 :-0.75, (22.38) Fraser Mackenzie initiates coverage with a "strong buy" rating and C$0.85 price target.

  • 06/05/11
    +3.25 +34.25

    Share Tip: Investors Chronicle - Buy - BULL POINTS Rising silver price - Producing mine - Substantial exploration potential - Fully financed BEAR... read more

  • 25/05/06
    +1.50 +28.50

    completion of the reverse takeover of the group by Arian Silver Corporation, with the stock becoming the only pure silver play currently listed on AIM. The shares will trade under the name Hard Assets name today but will be changed to Arian Silver from tomorrow. Arian Silver?s relocation of its registration to the British Virgin Islands from Canada, change of name and its merger with Hard Assets were approved by the privately-held firm?s shareholders at an EGM yesterday. Arian Silver has a portfolio of silver focused exploration concessions located in the Zacatecas region of Mexico, the world?s largest silver producing country. Arian Silver?s chief executive Jim Williams said: "Access to international capital markets should allow us to expedite our exploration and development programmes at our Calicanto and San... read more

  • 25/05/06
    +1.50 +28.50

    an article in the Guardian reports: Hard Assets was unchanged at 26.50p after an EGM yesterday approved a reverse takeover of the company by Arian Silver Corporation. With... read more

Director dealings

  • Page 1 of 3
Date Director Trans Amount Type Price(p) Value (£) Holding %
21/12/11 T. Bailey BUY 2,000 ORD 18.75 375 2,000 0.01
08/06/11 A.J. Williams BUY 200,000 ORD 28.00 56,000 2,200,000 0.73
04/01/11 J.T. Williams SELL 2,000,000 ORD 51.00 1,020,000 4,800,000 1.70
29/11/10 A.J. Williams SELL 2,250,000 ORD 31.00 697,500 2,000,000 N/A
29/11/10 A.J. Williams EX 2,250,000 OPT 5.50 123,750 0,000 N/A

BASIC RESULTS INFORMATION

  • Page 1 of 4
Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/12 Full year 4.59 -4.03 -1.00 0.00 USD
31/12/12 Full year 4.59 -4.03 -1.00 0.00 USD
30/06/12 Interim 4.42 -0.19 0.00 0.00 USD
30/06/12 Interim 4.42 -0.19 -0.10 0.00 USD
31/12/11 Full year 7.47 -10.97 -4.00 0.00 USD

Related Research & Media

Company Statement

Arian is committed to capitalising on sustainable growth opportunities by mining existing silver-rich areas as well asexploring new opportunities. The Company’s current goals include:

 

  • Optimisation of contract milling operations via exclusive use of a toll mill 50kms from the Company's San  José mine
  • Maintaining contract mining at approximately 500tpd for the current period to satisfy the toll mill
  • Acquisition of a bespoke mill enabling greater improvements in mill operations 
  • Expanding and upgrading the current resource via further drilling at San José and surface and underground  sampling

 

 

Current Operations

San José 

 

The San José project is located 55km southeast of Zacatecas city within the prolific silver belt of Mexico. The property consists of 11 mining concessions totalling approximately 6300ha and is 100% owned by Arian. 

The mineralization at San José is typical of low-to intermediate sulphidation type epithermal veins containing silver and base metals that are found elsewhere in Mexico. The vein structure has a potential strike length of > 10km within the concession area and varies from 3 to 25m in thickness. The average strike of the vein is E-W and dipping  very steeply, from 82° to 85° to both northeast and southwest.

 

Arian commenced detailed systematic exploration at San José in December 2006 to include surface Induced Polarisation (“IP”) geophysics and trenching, underground and surface surveying, underground sampling, progressing onto four phases of drilling to date for some 38,000 metres.

The most recent NI 43-101 resource was prepared by CSA Global (UK) and published in March 2012, 

Indicated: 8.0 Mt @ 119 g/t Ag, 0.38% Pb & 0.85% Zn (30.61 Moz Ag, 67.02 Mlb Pb & 149.91 Mlb Zn); 

Inferred: 24.5 Mt @ 110 g/t Ag, 0.38% Pb & 0.76% Zn (86.65 Moz Ag, 205.25 Mlb Pb & 410.50 Mlb Zn).

 

The next drilling programme (Phase 5) is planned to complete another 10,000m to both upgrade the current mineral resource and further delineate additional resources. 

The property has significant infrastructure, including a 4.5x5m main haulage ramp or portal extending more than 4.0km along the San José Vein and a 350m deep, 500tpd vertical shaft with operational hoist. In addition, a number of shallower vertical shafts are located along the San José Vein.

 

Arian commenced in late 2010 pilot-scale mining at San José on a contract basis, at a rate of up to 500tpd, for 20 days per month (3 x 8hrs shifts). 

 

Calicanto Group

 

Arian’s secondary asset is the 100% owned Calicanto Project comprising seven adjacent and contiguous mining concessions comprising  at least four known  mineralised vein systems, over a 75.5ha area, namely: Calicanto, Vicochea I, Vicochea II, Misie 1 and Misie 2, and Missie 1 and Missie 2 properties, collectively known as the "Calicanto Group". These concessions are located within the city limits  of the City Zacatecas and are partly contiguous with Captstone Golds San Roberto Mine concession operated by their Mexican subsidiary, Cozamin SA de CV. The Company is presently deferring capital investment into the Calicanto Project.

 

Managment

President & CEO: Jim Williams

Mr Williams is a geologist with BSc, MSc and DIC degrees in geology and exploration and over 25 years of experience in the exploration and mining industry. He has extensive corporate experience and has been involved with many start-up and evolving companies either as an entrepreneur and/or Board member. He is a Fellow of the UK IMMM, a Chartered Engineer (CEng) and a Chartered Geologist (CGeol). He is also a European Engineer (Eur. Ing.) and a European Geologist (Euro. Geol). 

 

Chairman: Anthony Williams

Mr Williams is a geologist who has over 35 years of experience in the mining industry, and has been involved with projects in North and South America, Australia, Africa, Europe and the former Soviet Union. He is the founder and Chairman of the Dragon group, a privately owned group of companies focused on mining finance and project management. Prior to this, Mr Williams worked in investment banking and co-founded the Natural Resource Group at Yorkton Securities. He has also held roles in the mining industry, and specialised in mineral valuations and acquisitions. He is currently a director of a number of public and private mining-focused companies.

 

CFO: John Mayfield

Qualified accountant & MBA with over 20 years’ corporate finance and financial leadership experience for SMEs, and international companies based in the UK and Mexico

 

Company Secretary: David Taylor

Mr Taylor holds BSc and MSc degrees in computer science & business administration, and corporate governance, and is a Fellow of the Institute of Chartered Secretaries and Administrators (ICSA), a leading authority on governance and compliance. He has over 10 years of experience in senior and managerial company-secretarial roles including at the ICSA, GlaxoSmithKline PLC, and Hiscox Ltd.

 

Non-executive director: James Cable

Mr Cable has over 30 years of experience as a Chartered Accountant, and has extensive experience as a financial director of a number of public and private companies. His international commercial experience includes sectors such as oil and construction in regions including the Middle East, Far East, Europe and Africa. Mr Cable is also presently Financial Director of an AIM-listed mining company.

 

Non-executive director: Tom Bailey

Mr Bailey has over 35 years of experience as a solicitor. He previously held roles as an in-house solicitor for Citibank and Chase Manhattan, before establishing his own law firm in London, specialising in commercial law. Mr Bailey now acts as a consultant legal advisor for a number of companies.

 

Non-executive director: James Crombie

Mr Crombie holds a degree in Mining Engineering from Imperial College, London, and has over 24 years in the mining industry in roles including mining analyst, corporate finance, investment banking, and in the management of a number of gold and diamond projects. He has been CEO of, and presently holds board positions with a number of publically listed mining companies.

Major Shareholders

The authorised share capital of the Company is unlimited with no par value.

The Company's capital structure as of the date below consists of: 

Major Shareholders

Issued share capital: 318,491,926

Fully diluted: 333,851,926

The Company's major shareholders as of the date below are:

Sprott Asset Management 15.7% 

In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 19.6%

 

  • Additional Information
    Market
    AIM, TSX-V
    EPIC
    AGQ
    Share Price
    5.5p
    Change
    -0.75
    Volume
    3,005,684
    Dividend
    0
    EPS
    -1.00
    Shares
    318.49 m
    Offer
    5.75
    Bid
    5.25
    Avg. Vol
    674,902
    Yield
    0.00
    P/E
    -88.33
    Mkt Cap
    £17.52 m
  • Latest Stocktube
    29/01/2013

    Arian Silver looks to raise efficiencies with its new mill

    View full size
  • Contact Information

    UK Representative Office:

    Arian Silver Corporation

    Berkeley Square House

    Berkeley Square

    London

    W1J 6BD

    Tel: +44 (0)20 7887 6599

     

    CHF Investor Relations

    Juliet Heading

    Tel: +1 416 868 1079 x 239

    E: juliet@chfir.com

     

    Yellow Jersey PR

    Dominic Barretto

    Tel: +44 (0)776 853 7739

    E: dominic@yellowjerseypr.com

    Corporate Information

    Company Secretary:

    David Taylor

    Arian Silver Corporation

    Berkeley Square House

    Berkeley Square

    London, W1J 6BD

    United Kingdom

    Tel: +44 (0)20 7887 6599

    Fax: +44 (0)20 7887 6598

     

    Registrar and Transfer Agent, Europe: 

    Computershare Investor Services PLC

    P O Box 82

    The Pavilions

    Bridgwater Road,

    Bristol, BS99 7NH

    United Kingdom

    Tel: +44 (0)870 703 6350

    Fax: +44 (0)870 703 6101

     

    Registrar and Transfer Agent, North America: 

    Computershare Investor Services Inc

    100 University Avenue

    9th Floor, North Tower

    Toronto,

    Ontario, M5J 2Y1

    Canada

    Tel: +1 514 982 7555

    Toll Free: 0800 564 6253

     

    Nominated Advisor: 

    Grant Thornton UK LLP

    Address: Grant Thornton House

    Melton Street, Euston Square

    London, NW1 2EP

    United Kingdom

    Tel: +44 (0)207 385 5100

     

    Broker: 

    XCAP Securities PLC

    Address: 24 Cornhill

    London, EC3V 3ND

    United Kingdom

    Tel: +44 (0)20 7101 7070

     

    Technical Experts:

    CSA Global (UK Office)

    2 Peel House, Barttelot Road 

    Horsham, West Sussex 

    RH12 1DE

    United Kingdom

    Tel: +44 (0)1403 255 969

     

    Auditors: 

    PKF (UK) LLP

    Farringdon Place

    20 Farringdon Road

    London, EC1M 3AP

    United Kingdom

    Tel: +44 (0)20 7065 0000

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