SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

January 19, 2010 09:15 ET

Tara Minerals Starts Shipping Silver, Zinc, and Lead Concentrate to Glencore

CHICAGO, IL--(Marketwire - January 19, 2010) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that it has started shipping Silver/Lead and Zinc concentrate to Glencore International.

The Don Roman mill has now increased throughput levels and is currently operating at the rate of 240 tonnes per day. The quality and grade of concentrate continues to increase with continued optimization of the mill.

Additionally, exploration efforts have resulted in the discovery of a new Silver, Zinc, and Lead structure. Efforts to determine the width of the structure are continuing. Channel samples have been collected with results expected shortly.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Tara Minerals has reached a key milestone in its business strategy; the commencement of cash flow. We now have the opportunity to aggressively build shareholder value by continuing the expansion of mill production levels to 480 tonnes per day by Q2 2010."

Tara Minerals has an agreement to sell all of its Silver/Lead and Zinc Don Roman concentrate to Metagri S.A. de C.V., a local Mexican subsidiary of Glencore International AG. The agreement includes payment of 85% of the final Zinc content and 95% of the final Lead content, minus applicable quality, shipping and processing costs and also payment for gold and silver content within the concentrate. The agreement is for a five year term with an extension clause.

About Tara Minerals Corp.

Tara Minerals Corp. has positioned itself to generate 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.


Contact Information

  • Francis Biscan Jr.
    Phone: (630) 462-2079