{"id":841,"date":"2012-12-14T13:53:23","date_gmt":"2012-12-14T18:53:23","guid":{"rendered":"http:\/\/www.juniorminingnews.com\/?p=841"},"modified":"2012-12-14T13:53:23","modified_gmt":"2012-12-14T18:53:23","slug":"evaluating-latin-american-miners","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=841","title":{"rendered":"Evaluating Latin American miners"},"content":{"rendered":"<figure id=\"attachment_842\" aria-describedby=\"caption-attachment-842\" style=\"width: 160px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-842\" title=\"ihle160\" src=\"http:\/\/www.juniorminingnews.com\/wp-content\/uploads\/2012\/12\/ihle160.jpg\" alt=\"\" width=\"160\" height=\"227\" \/><figcaption id=\"caption-attachment-842\" class=\"wp-caption-text\">Heiko Ihle<\/figcaption><\/figure>\n<p><em>Miners in Latin America are facing both growth and challenges. Heiko Ihle, senior research analyst with Euro Pacific Capital, examines the factors behind these trends. In this <\/em>Gold Report<em> interview, Ihle urges investors to evaluate mining companies based on three important features rather than on the performance of others in the region.<\/em><\/p>\n<p><strong>The Gold Report:<\/strong> Heiko, you cover many companies in Latin America. One silver miner in Mexico is challenging an eviction notice from its property in Chihuahua, Mexico, which is causing a stir in the mining industry. Does that give you cause to reevaluate Mexico as a mining jurisdiction or is this an isolated incident?<\/p>\n<p><strong>Heiko Ihle:<\/strong> Mexico is a more challenging mining jurisdiction than the United States or Canada, but it&#8217;s also a much easier place than Bolivia, for example. There are some common challenges with mining there. One of the companies I cover, Fortuna Silver Mines Inc., has some issues with the community in Oaxaca. This sort of thing happens all the time, and it&#8217;s mostly business as usual.<\/p>\n<p><strong>TGR:<\/strong> What sort of gold and silver prices are you using in your models to evaluate these companies?<\/p>\n<p><strong>HI:<\/strong> I&#8217;m a stock analyst, as opposed to a macroanalyst, so I use conservative numbers: $1,600\/ounce (oz) long-term gold prices and $34\/oz long-term silver prices. In the long term, those numbers are likely to be a little too low, but they produce a margin of safety to our net asset value (NAV) and cash-flow models.<\/p>\n<p><strong><a href=\"http:\/\/www.theaureport.com\/pub\/na\/14842\" target=\"_blank\">Read the entire interview . . .<\/a><\/strong><\/p>\n<p><em>See also:\u00a0<\/em><strong><a href=\"http:\/\/www.juniorminingnews.com\/?p=481\" target=\"_blank\">MAG Silver on Mexico expulsion news<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miners in Latin America are facing both growth and challenges. Heiko Ihle, senior research analyst with Euro Pacific Capital, examines the factors behind these trends.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[71,76],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/841"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=841"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/841\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}