Minesite Newsletter 29th October 2012

Minesite Weekly Roundup 22nd - 29th October 2012 Dear Minesite subscriber, Weekly Review This market may be down, but it's not yet out, as demonstrated by the strong attendance at our 91st Minesite forum last week. For much of the event it was standing room only as punters heard a detailed exposition on ETPs from Neil Jamieson of ETF Securities, as well as the compelling, and in some cases happily familiar stories of Condor, Comstock, Leyshon and Gunson. No doubt about it – the appetite is there. But the story has to be good – really good. Which is why Condor for one, which has been growing its resource base in Nicaragua at a rate of knots, is so widely followed, even though it's still some distance away from production. In a market where the danger of being wiped out is still uppermost in everybody's minds, Condor's share price performance stands out a mile. Its shares have more than quadrupled since late June, and not as a result of being punted around by speculators coming in and out, but as a result of good hard resource development work. However, for every Condor there are myriad failures, and even those right at the top end of the market are not immune to the current pressures. So it was that following many months of share price underperformance, Cynthia Carroll stepped aside from Anglo American, only to see the shares immediately rally by three per cent. The Anglo chairman subsequently hazarded that as far as Cynthia's successor is concerned a decision has yet to be made, although he added that the company probably couldn't afford Mick Davis. During the recent Glenstrata negotiations Mick's annual salary expectations were not far off the current market capitalisation of Condor Gold, which just goes to highlight the disparity of incomes and expectations at the different ends of the industry. But as far as investors are concerned, the real upside will always be found amongst the juniors - juniors like Condor and all the other presenters at our 91st Forum, juniors that we bring to you every day of the week here on Minesite. 92nd Minesite Forum Thursday 6th December 2012 Sponsored By Thursday 6th December 2012 92ND MINESITE FORUM ***NEW VENUE*** The Brewery Chiswell Street London EC1Y 4SD (Nearest stations are Moorgate and Liverpool Street) Presenting Companies Include: Caledonia Mining Marengo Mining Manhattan Corporation Spanish Mountain Gold Baobab Resources Archipelago Resources Metminco Our forums which are FREE to attend allow investors to hear directly from mining and exploration company executives, and to ask questions - before they invest To register for this event Click Here or contact support@minesite.com Jobs4mining in association with Minesite.com Working In Events are once again bringing employers together at a series of events to showcase engineering, mining, geosciences and many more support skills. Find out more. London, 10 – 11 November Dublin 13 November; Aberdeen 15 November; Manchester 17-18 November Mining Manager – To Provide Key Management Structure - Laos High Profile Project Management Company Needs ESIA Project Manager, Mining – UK QA/QC Superintendent With Mechanical Electrical Experience - Johannesburg Financial Controller At Mid-Tier Flagship Operation In South America – CA, CPA Qualified Senior Mining Superintendent - Greenland Senior Sourcing Specialist With Major Project Experience – French and/or Russian Helpful Find out about advertising contact sales@jobs4mining.com Latest News News: October 29, 2012 Economic News Improves Marginally, But Miners Are Still Under Stress News: October 28, 2012 That Was The Week That Was ... In London News: October 27, 2012 That Was The Week That Was … In Australia News: October 26, 2012 That Was The Week That Was … In Canada News: October 25, 2012 Artha Resources Cues Up The Pirquitas Silver Project For Drilling News: October 25, 2012 The View From Vancouver: Afferro, Volta, Mariana, And Diamonds North News: October 25, 2012 African Consolidated Now Boasts 3.2 Million Ounces Of Gold At Pickstone-Peerless, And Is Pushing On With Plans For A 100,000 Ounce Per Year Mine News: October 24, 2012 Goldplat Looks To Further Growth In 2013, Following A 50 Per Cent Increase In Profits In 2012 And The Payment Of A Maiden Dividend News: October 24, 2012 International Enexco Presses On With Feasibility Work At Contact, In Pursuit Of A Forty Year Old Dream News: October 23, 2012 The Mood Was Decidedly Downbeat At This Year's Mines And Money Australia News: October 23, 2012 Gunson Resources Arrives In London, Talking Up The Potential Of The Coburn Minerals Sands Project In Western Australia News: October 22, 2012 Pelangio's Ingrid Hibbard Heralds The Imminent Starter Resource From The Manfo Gold Project In Ghana News: October 22, 2012 Perseus Remains Committed To The Drill Bit, Even As Gold Production At Edikan Nears An Annualised 260,000 Ounces News: October 22, 2012 Bond Investors: The Metals Markets Are Ready And Waiting For You Press releases October 29, 2012 - Firestone Diamonds Plc Change of Adviser  October 29, 2012 - Petra Diamonds Limited Annual Report and Notice of Annual General... October 29, 2012 - Manhattan Corporation Ltd Manhattan Quarterly Report - 30 September... October 29, 2012 - Sandfire Resources Quarterly Activities Report October 29, 2012 - PMI Gold Corp Quarterly Activities Report October 26, 2012 - London Mining Plc INVITATION TO Q3 IMS AND PRODUCTION REPORT  October 26, 2012 - Kingsrose Mining Limited Quarterly Cashflow Report October 26, 2012 - Focus Minerals Ltd FML Sept. Quarterly Activities Report and 5B October 26, 2012 - Kingsrose Mining Limited Quarterly Activities Repor October 26, 2012 - Northland Resources S.A. Northland Receives Dispensation for 90... October 26, 2012 - Toledo Mining Corp Plc Holding(s) in Company October 26, 2012 - Resolute Mining Ltd NMG: reiterates support for Zhongrun... October 26, 2012 - Evolution Mining Quarterly Report October 26, 2012 - Patagonia Gold Placing and Subscription October 26, 2012 - ECR Minerals Plc EL ABRA GOLD PROSPECT UPDATE  October 25, 2012 - Kootenay Silver Inc. Kootenay Silver Closes First Tranche of... October 25, 2012 - Anglo Pacific Group Plc Notice of Results  October 25, 2012 - Northern Iron Corp Northern Iron Begins Dewatering the... October 25, 2012 - Churchill Mining Plc Final Results October 25, 2012 - Sunrise Resources Plc £3m Equity Finance Facility Secured  October 25, 2012 - Firestone Diamonds Plc Liqhobong Definitive Feasibility Study October 25, 2012 - Central Asia Metals Plc Transaction in Own Shares  October 25, 2012 - Alkane Resources Ltd Alkane appoints financial advisors for the... October 25, 2012 - Resolute Mining Ltd RESOLUTE TO ACQUIRE 19.99% OF NOBLE... October 25, 2012 - Evolution Mining Quarterly Report October 25, 2012 - Evolution Mining Quarterly Report October 24, 2012 - International Mining &... Execution of US$50 million Bond Instrument October 24, 2012 - Volta Resources Inc. Volta Resources intersects 126.0m at... October 24, 2012 - Stratex International Plc Holding(s) in Company October 24, 2012 - Toledo Mining Corp Plc Toledo Mining Corporation PLC : Director... October 24, 2012 - Mariana Resources Ltd Exploration Update  October 24, 2012 - Condor Gold Plc La Mojarra Approval October 24, 2012 - African Consolidated Resources Plc Notice of agreements to issue shares to... October 24, 2012 - Afferro Mining Inc. Encouraging Exploration Results at Ngoa October 24, 2012 - Greatland Gold Plc Greatland Gold PLC : Result of AGM  October 24, 2012 - Central Asia Metals Plc Transaction in Own Shares  October 24, 2012 - Syndicated Metals Limited Quarterly Activities Report October 24, 2012 - Petra Diamonds Limited Exercise of Warrants  October 23, 2012 - Condor Gold Plc Holding(s) in Company October 23, 2012 - Petra Diamonds Limited Notification of Major Interests in Shares October 23, 2012 - Ormonde Mining Plc Cabeza Trenching Results October 23, 2012 - Sunrise Resources Plc Cue 1 Kimberlite confirmed diamondiferous October 23, 2012 - Frontier Mining Ltd Appointment of broker  October 23, 2012 - Mincor Resources NL Quarterly Activities Report October 23, 2012 - Centaurus Metals Limited Key Environmental Licence Issued for... October 22, 2012 - Aureus Mining Inc TECHNICAL REPORT FILED FOR THE NEW LIBERTY... October 22, 2012 - Zincox Resources Plc Russian Recycling Plant Joint Venture... October 22, 2012 - Sunrise Resources Plc Response to Press Comment & Market Update  October 22, 2012 - ECR Minerals Plc UPDATE ON ACTIVITIES October 22, 2012 - Botswana Diamonds Plc Botswana Exploration Update October 22, 2012 - Central Asia Metals Plc Transaction in Own Shares October 22, 2012 - Toledo Mining Corp Plc Toledo Signs MOU for Sale of 18.6%... October 22, 2012 - Evolution Mining September 2012 Quarterly Results... October 22, 2012 - Resolute Mining Ltd Quarterly Activities Report Don't forget to visit our other website

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