7th Gold Pour - 23% increase over previous best (7650T)
12 Dezembro 2011 - 6:02AM
UK Regulatory
TIDMANGM
RNS Number : 7650T
Angel Mining PLC
12 December 2011
ANGEL MINING PLC
("Angel Mining" or the "Company")
AIM: ANGM
7th GOLD POUR - 23% INCREASE OVER PREVIOUS BEST
The Board of Angel Mining, the Greenland-focused mining and
exploration company, is pleased to announce that a further 15.4
kilograms (496 ounces) of gold dore was successfully poured at
Nalunaq on Monday 6(th) December. This was shipped to Switzerland
on Wednesday 8(th) December for refining and subsequent sale.
Since the first pour on 27 May 2010, the Company has poured 89.6
kilograms of gold dore. The table below sets out the Company's gold
production to date.
Month Kilograms Troy ounces
May 0.9 30
June 1.3 41
July 6.0 192
August 12.3 394
September 21.8 701
October 10.4 335
November 21.6 693
December (to 6/12
only) 15.4 496
Total 89.6 2,881
The Company is building up its production towards a target of
between 1,500 and 2,000 ounces per month, which it hopes to achieve
in early 2012.
This recent pour was the largest to date and an increase of 23%
over the last pour announced on 28 November 2011.
Nicholas Hall, CEO of Angel Mining, commented: "The growing
level of gold dore production is translating into sufficient cash
to meet all our operating costs and corporate overheads. To reach
our cash breakeven point is a significant milestone for the
Company. As production increases towards our target, this cash
generation will continue to improve as well."
Enquiries:
Angel Mining plc
Nicholas Hall, Chief Executive Officer 07931 709 053
Kevin McNair, Chief Financial Officer 07900 690 908
Fox-Davies Capital (Broker and Nominated
Adviser)
Simon Leathers 0203 463 5010
Bishopsgate Communications Limited
Nick Rome/Shabnam Bashir 0207 562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFFFSAEFFSESE
Angel Mining (LSE:ANGM)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Angel Mining (LSE:ANGM)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Angel Mining da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Angel Mining