Letter to the Shareholders of Duran Ventures Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/08/15 -- Duran Ventures Inc. (TSX VENTURE: DRV)(LMA: DRV)
Dear Shareholders,
It is my pleasure to address you at the end of this year to provide an update on Duran and our objectives going forward. It has been a very difficult year for the junior mining industry, but a very active one for our Company. As you know, traditional access to equity capital markets for risk capital has all but disappeared. As a junior mining company, we depend on the equity markets to acquire, explore, assess and develop the Company's portfolio of Peruvian mineral projects.
Fortunately, we had the benefit of the sale of El Aguila in May, 2014. This allowed us to rethink our strategy and focus on preserving cash. In this new market environment, the Company has had to reinvent itself, with the objective of creating a sustainable business model that would retain the strengths of our Company and allow Duran to grow value for shareholders.
After a careful review of a number of alternatives, the company set forth the following objectives for this year and going forward:
2016 will continue to present many challenges for the junior mining industry. However, we feel that 2016 will be a rewarding year for Duran. While we explore the alternatives in our Huancavelica properties and advance discussions on the various projects on our portfolio, we will focus on cashflow generation from our Aguila Norte processing facility.
Duran is well poised to manage the challenges ahead. And with more than 20 years of operating experience in Peru, our Company has a distinct competitive advantage of being able to generate and/or identify and quickly assess unrecognized opportunities. We will continue to identify new value generating initiatives for our shareholders by establishing good working relationships with small miners and local communities.
I would like to express my sincere appreciation to my fellow shareholders for their support in our new direction.
Yours Sincerely
Jeffrey Reeder, President and Chief Executive Officer
Duran Ventures Inc.
Contacts:
Duran Ventures Inc.
40 University Avenue, Suite 606,
Toronto, ON, M5J 1T1 Canada
416 867-1591
416 479-4371 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 08.12.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 438226
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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