As gold prices have skyrocketed over the last few years, so have the costs of extracting gold. Mines in Northern Nicaragua are producing lots of gold, but the cost to produce this gold has been growing each year. In a 2006 annual report, the Limon mine claimed a manufacturing cost of $469.00 per Troy ounce.

Currently gold prices on the International market are on the rise once again, with recent numbers ranging from $1700 to near $1800 per Troy ounce.

As a consequence of our contacts, connections and gold experience, the Company can purchase gold at substantially reduced prices from the very poor indigenous communities and small companies that have stockpiled gold in the Northeast Atlantic region (RAAN) and the Central Region of Nicaragua. This is a heavily forested area with many rich gold mines and other natural resources.

For many years, the indigenous tribes and other natives of the area have been panning and picking for gold throughout the ore-rich area. Many of these “wildcat” miners have stockpiled gold, or sold the gold to others in the area. This is an ongoing practice and gold is constantly being panned, mined, and traded in the area, mostly by the indigenous peoples of the area, which means that the Company will have a steady supply of gold for an indefinite period of time. As the company proceeds, they will be able to analyze and discern the amounts available on an ongoing basis.

The Company’s team has extensive knowledge and experience in working with the indigenous peoples in these remote areas of Nicaragua

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Gold is a dense, soft, shiny, malleable and ductile metal. It is a chemical element with the symbol Au and atomic number 79.

Gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.

A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8500 m3, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.

MAXAM Gold Corporation an International Gold Trading Business

Sliding article

  • MAXAM - Acquired 100% of the assets of Pembina Limitada S.A. Pembina Limitada is a Nicaraguan based company, registered under Nicaraguan laws and well established and respected by the Nicaraguan community of Central America.

  • Pembina Limitada S.A. has access to several gold concessions (3) gold concessions with permits to explore and export. One site was established in 1992 and at that time regarded as the largest concession in the country. The concession has substantially been reduced due to extensive exploration and focusing on the richest portions of the land. Currently the company holds the options to explore and exploit a total of 145,000 hectares with proven reserves of 80,000 Troy Ounces, and more than two (2) million probable Troy Ounces. These areas are located in the Pacific area of Nicaragua.

  • Currently the technologies in these regions are primitive at best. Our goal through the creation of our milling operation will provide greater income in the regions so that the people of the country can live above the poverty level . Currently the average monthly income is $150. We intend to develop and help provide affordable housing in support of these peoples where they will then have the basic necessities of life.

  • The ultimate goal is to develop the capacity of the plant to process 1,500 metric tons of ore per day. At 4 grams per ton = 6,000 grams per day. (31.1 grams per ounce) = 192 ounces per day or $340,800.00.

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