Archive for the ‘U.S. Mine Makers Inc. USMM’ Category

Beacon Equity Research Featured Company: U.S. Mine Makers, Inc. (USMM.PK)

Thursday, March 27th, 2008

U.S. Mine Makers, Inc. (USMM.PK) is engaged in the mining and processing of precious metals in Idaho, Nevada and Canada. The company is US-based and focused on being environmentally friendly in its remediation work. U.S. Mine Makers primarily processes ore concentrate and hard rock ore in its pursuit of gold, platinum, rhodium and other metals it can recover from existing abandoned mines. It has been estimated that more than 500,000 abandoned mines in the U.S. alone would benefit from remediation.

In U.S. Mine Makers’ attempt to keep its operations environmentally friendly, the company provides mine remediation solutions that limit the release of contaminants. These solutions include bromide processing for mine projects, as well as clean up, while continuing to stay within regulatory requirements. U.S. Mine Makers is able to ensure compliance and eco-friendly projects with a strong, professional staff of engineers, geologists, hydrologists, geotechnical specialists, biologists, and sedimentologists, to name but a few specialties.

In 2007, the price of gold increased 32%, the highest it had been in almost three decades. Platinum also had a significant increase and is expected to rise in the future. With the increase in precious metals prices and the world looking for environmentally friendly alternatives, U.S. Mine Makers is well positioned for growth. The company projects to earn $21.8 million by the end of 2010.

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