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Apex Silver Mines Limited (AMEX: SIL)

 

Apex

Apex Silver Mines Limited is a mining exploration and development company. Since its inception in 1993, it has assumed an increasingly important profile within the silver sector. The company went public in November 1997.

Its flagship asset is the San Cristobal silver-zinc-lead project, located in the Potosi district of southwestern Bolivia. San Cristobal is one of the world’s largest open-pit silver deposits. It hosts an orebody which contains approximately 470 million ounces of silver and eight billion pounds of zinc and three billion pounds of lead in proven and probable reserves. Exploration potential is considered excellent as the main orebody remains “open” both laterally and to depth with numerous satellite targets existing within the 100%-owned San Cristobal district.

In addition to San Cristobal, Apex Silver holds an extensive portfolio of exploration properties with approximately 60 property groups spread over approximately 700,000 acres of highly prospective land located primarily in the traditional precious metals-producing regions of Central and South America.

Apex Silver is well financed to advance its projects. On December 31, 2005, the company had approximately $350 million in the treasury. It has no past environmental legacies or liabilities.

Shares of Apex Silver trade on the American Stock Exchange under the symbol “SIL”.

Website: http://www.apexsilver.com/