News

April 16, 2008

Investors May Not Have Much Longer To Wait For Esperanza Silver To Prove Its Worth

By Our Canadian Correspondent

Investors are notoriously impatient, and this fact is not lost on Bill Pincus, the chief executive of Canadian-listed Esperanza Silver, which has two gold projects advancing nicely towards production but is trading near multi-year lows.

Over the past 12 months shares in the Vancouver-based explorer have fallen from a high of nearly C$4 per share down to the current C$1.20 level. Sure, that kind of sell-off has affected many of the exploration stocks, but not ones that aim to have two feasibility studies completed over the next two years.

First up for Esperanza is the San Luis joint venture project in Peru, where its partner Silver Standard Resources is fast tracking the Ayelen silver vein to development. The initial estimate...