On a fairly bright Monday for stocks, both large- and small-cap, mining companies continue for jockey for position.
Burnaby, B.C.-based Bayhorse Silver Inc (TSX-Venture: BHS) informed investors it had relocated its milling and silver flotation circuit to Fruitland, Idaho, from the Bayhorse Mine site, in Oregon and increased the capacity of the circuit to allow for processing at an "as-mined" tonnage of 200 tons per day from the Bayhorse Silver Mine. Bayhorse has added trained flotation operators to its Mine staff in Idaho to recommence flotation operations and recommissioning.
Of late, says the company, metallurgical testing has achieved 87% silver recovery, with the expectation the recoveries will reach 90%. Bayhorse is planning to produce a silver concentrate averaging 10,000 g/dmt. The concentrate is expected to contain 11% copper. The concentrate will be placed in supersacks and shipped in 25 ton containers to prospective purchasers. The Company is preparing two sample 50 ton shipments of concentrate to prospective purchaser
BHS shares triumphed four cents, or 26.7%, to 19 cents Monday, on volume of 2.6 million shares.
