Tara Minerals Revenue Enhanced as Concentrate Shipments Increase
CHICAGO, IL -- (Marketwire) -- 06/28/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce that it is increasing the rate of Silver, Zinc, and Lead concentrate shipments to Glencore International. Recently, Tara also began taking steps to bring shipping in-house in an effort to improve the consistency of deliveries and increase margins. Glencore has conducted extensive testing on the concentrate at its European labs to ensure that it can be safely accepted for processing at its smelters. Shipments made to date have been accepted with provisional payments received from Glencore. Tara is working with Glencore to improve logistics, reduce the assay confirmation timeline, and to expedite provisional and final payments.
The Don Roman mine now has approximately 350m of mine tunnels over three levels. The mine is exceeding expectations with high margin veins easily distinguished and exploited for processing. Tara continues to work with established consultants and consulting firms to enhance operations with a focus on improving recoveries from the various combinations of sulfide and oxide material from the expanding mine. Work to expand plant capacity from 240 tonnes per day to 360 tonnes per day is also progressing.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., commented, 'The value of the Don Roman asset continues to grow. With additional targets frequently being discovered outside of the main mine area, we are now envisioning Don Roman becoming a regional production project.'
About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)
Tara Minerals Corp. is generating cash from the sale of Silver, Zinc, and Lead concentrate from its producing Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447