GATEWAY TO FINANCIAL PROSPERITY
Join SILVER GLOBAL INVESTORS SACCO for saving, credit and investments
Save as little as Kshs. 1000 per month for a minimum of 4 months and get a loan 3 times your saving.
TYPES OF LOANS
Development loans
school fees loans
emergency loans
top up loans
SAVING SCHEME
Gold saving
Education saving
Holiday saving
Wedding & honeymoon
mandatory internal insurance with a premium of Kshs. 200 every month to provide cover for outstanding loans,, in patient medical claim and death claims.
for more information email [email protected]
Silver Global investors sacco
Silver global investors Sacco Empowering members to achieve financial success Currently, the Society has over 1,000 members.
Silver global sacco is a nationwide Savings and Credit Co-operative Society established in 2013 and registered under Co-operatives Societies Act of the laws of Kenya with the main objective of affording its members an opportunity to accumulate their savings, thereby creating a source of loanable funds. Members of the Society are drawn from various Government Ministries, Parastatals, Non- Governmen
the rate of 35% return on investments will phase out on 29th November, 2014
SILVER GLOBAL INVESTORS CEO COMMENT
In December 2013 was the Company's strategic direction, which means a future focus on traditional mining operations, so-called "hard rock mining". The company's existing assets will be developed through active work with exploration and the geographic spread of risk to be reduced by acquiring businesses in or close to production. Operations have been streamlined through the sale of our placer production and outsourcing of the alluvial gold assets for a production royalty of 10 percent in all license areas. Efforts to determine the gold assets of existing concessions and license areas are our future.
In January 2014, we announced that the Company signed a comprehensive agreement with Alluvia Mining Ltd. The agreement meant that we acquired Gold Crowns "Greenwood Gold Project" in British Colombia, Canada, from Alluvia Mining. Greenwood project consists of three deposits: Lexington-Grenoble and Golden Crown is primarily high grade gold deposits (secondary copper) and Lone Star, which is primarily a copper deposit (secondary gold). In close connection with the deposit Lexington-Grenoble is a modern concentrator. Agreement with Alluvia also meant that we sold Ghana Gold Ltd, comprising the six partly paid production from Au Vert Recovery Systems, and that we "outsource" the production of our alluvial gold assets for a production royalty of ten percent.
The company thus has three main areas of activity:
Traditional mining of gold and copper in Canada
Gold Exploration in DR Congo and Ethiopia
Outsourcing of alluvial gold mining in Africa to 10 percent Net Smelter Royalty (NSR)
Silver global investors' first priority is to start in 2013 gold and copper production from Gold Crowns Greenwood projects in Canada and continued exploration on the Company's concession in DR Congo and Ethiopia license area. Preparatory work with start-up of the Gold Crown in progress. Drifts is now full of water and needs to be emptied, the initial work on water analysis is completed and the Company in the near future to seek authorization for the pumping of water. Thereafter a survey of the underground mine and concentrator additions to an initial production capacity of 200t / day. The concentrator will then be upgraded to a capacity of 400 tons / day. Enrichment plant has in recent years been under continuous review and maintenance and an initial production should take place within four months of the permits are obtained. Work on upgrading the 43-101 is ongoing and part of this work, especially mining plan is expected to be completed by mid-June.
To be a successful mining company, the Company is dependent on a strong stable funding. Delays in funding have been agreed in 2015 delayed our planned exploration work accordingly. We have now, in order to get a cash flow since the acquisition of Gold Crown, fully focused on the start of production in Canada. Crucial to the start of production and further exploration in Africa is that the agreed funding is in place. Thereafter, production revenue and production royalties secure funding to establish additional mineral resources in our concession area and our license area in Africa.
The company recently received a first payment from Amaranth regarding the capital contribution of $ 5 million under the previous agreement. Silver global investors and Amaranth / Alluvia has also reached an agreement on a time-based payment plan for the remaining capital and the debt financing will come from Alluvia / Amaranth or from their networks
Overall I feel that the company has a good platform to build on - we have fantastic assets under development in Africa and the combination with production starting in Gold Crown makes the company's opportunities are promising. Unfortunately somewhat delayed when funding has been delayed, but now we have begun to see the river come so it is with great confidence that we look forward to the next period. It is my goal that 2014/2015 will be the year when the Silver global investors can see positive flows from operating activities getting finance from third parties
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Location
Contact the business
Telephone
Address
Crossway Road Off Westlands Road
Nairobi
00800
