barno99
23 Jun 2016
Production news!! aureus aureus_mining_corporate_headerInvestorsNewsPresentationsFinancial ReportsTechnical reportsAnnual ReportsShare informationMedia CoverageCircularsAIM Rule 26 UPDATE ON THE RECOMMENCEMENT OF PROCESSING OPERATIONSPrint Friendly Version of this pagePrint Get a PDF version of this webpagePDF23 June 2016Aureus Mining Inc.TSX : AUEAIM : AUENEW LIBERTY GOLD MINEUPDATE ON THE RECOMMENCEMENT OF PROCESSING OPERATIONSAureus Mining Inc. (“Aureus” or the “Company”
, the TSX and AIM listed West African gold producer, is pleased to announce the approval by the Ministry of Lands, Mines and Energy (“MLME” for the plant start up process at the New Liberty Gold Mine in Liberia.Highlights:Approval granted by the MLME for the commencement of the plant start up process;A larger gravity screen has been installed with the aim of optimising performance and increasing gravity gold recovery;The detoxification circuit has been upgraded and reagent dosing optimised;Operational changes have been made to the tailings storage facility (“TSF” which aims to increase tailings water retention time;A full ball mill reline and lifter upgrade has been undertaken prior to plant restart;The plant restart procedure includes the gradual ramp up in operations from low grade (< 2 g/t Au) ore and a controlled increase towards run of mine (“ROM” grade ore; andMining operations continued throughout the plant stoppage with the current ROM ore stockpile balance of approximately 122,186 tonnes at a grade of 3.88 g/t Au;During the suspension of processing operations, the Company undertook various modifications and optimisation activities within the process plant and detoxification circuit, with the assistance of technical specialists from Maelgwyn Mineral Services Africa (“MMSA” to ensure that the plant operates within its original design specifications. The Company also completed a full reline of the ball mill, fitting the mill with significantly heavier duty liners and also with improved lifters and grates. This reline was originally scheduled to be undertaken at the end of June 2016. Additionally the capacity of the oxygen plant has been increased to provide supplementary oxygen to both the carbon in leach (“CIL” and detoxification circuits.Following the Company’s announcement of 21 June, the Company now has adequate funding available to support working capital needs and preparations are underway for the commencement of the plant pre-start procedure, which will be initiated following the arrival of a consignment of additional reagents that the Company is working to expedite to site.Mining operations continued throughout the plant suspension with the focus on catching up on waste stripping and exposing fresh ore for mining during the upcoming wet season. The current ROM ore stockpile is approximately 122,186 tonnes at a grade of 3.88 g/t Au.The Company, in conjunction with its consultants, has undertaken a comprehensive review of its environmental and social action plans and environmental monitoring regimes to ensure full future compliance with the International Cyanide Management Code (“ICMC”.Contact InformationAureus Mining Inc.David Reading / Paul ThomsonTel: +44(0) 20 7010 7690BuchananBobby Morse / Anna MichniewiczTel: +44(0) 20 7466 5000Numis Securities Limited(Aureus Nominated Adviser and Broker)James Black / Paul GillamTel: +44(0) 20 7260 1000RBC Capital Markets(Aureus Financial Advisor)Richard Horrocks-Taylor / Richard HughesTel: +44(0) 20 7653 4000About Aureus Mining Inc.The Company’s assets include the New Liberty Gold Mine in Liberia (the “New Liberty Gold Mine,” “New Liberty” or the “mine” which has an estimated proven and probable mineral reserve of 8.5 Mt with 924,000 ounces of gold grading 3.4 g/t and an estimated measured and indicated mineral resource of 9,796 Kt with 1,143,000 ounces of go
barno99
23 Jun 2016
News.. Production start approved today.. Iii are a bit slow on the news today so here you go from the website.[link]
Sprocket60
22 Jun 2016
Re: NEW MNG SHARES DUE. So much for that gamble...hardly moved. Now out as buy order wont be going through at 3.5p.Good luck to holders & hope you get the RNS soon with a very nice profit as well.
Sprocket60
22 Jun 2016
NEW MNG SHARES DUE. Nearly 60 M new shares to come onto market at 3.21p Today. (14:30 BST). Shouldn`t really affect the SP as the dilution will be off-set against the injected capital.Have sold out remaining holding ready to buy back in should the S.P. drop. It`s a gamble as could lose out on a decent rise, but could easily go the other way & drop.AIM trading is so unpredictable so will take a small profit & gamble that the SP is going to drop initially....or be totally piZZed off if it rises ??????
Simbrad
22 Jun 2016
"Aureus receiving funds from tranche 1 of the financing agreement with MNG Gold is a positive development. This would strengthen Aureus’ balance sheet and help meet working capital requirements for the New Liberty Gold Mine in Liberia. In addition, the funds would be used to lower outstanding balances payable to creditors. Aureus delivered a strong performance in Q1 2016, recording robust revenue and production. Mining activities continued, with preparations for the forthcoming wet season well underway and an additional mining fleet (comprising five Komatsu HD785 haul trucks and a PC1250 excavator) being deployed in May 2016. The company is capitalising on the process plant’s production stoppage to complete the scheduled plant maintenance and boost ore stockpile. The firm expects this to help it to recover from the anticipated production loss later in the year. Aureus has progressed well in all aspects related to the project; given the significant potential of this project, we are optimistic about favourable production results from the company in the near future." Beaufort note out this morning on Research Tree
Sprocket60
21 Jun 2016
Re: news Bit of profit taking as the production re-start RNS hasn`t come out. The spread is tight so there are punters also topping up below the 4p waiting for the next spike when the RNS is out.Like a previous comment made, they will have started testing the modification whilst the Government inspectors are present. Will have to have some trial runs to make sure that problems do not re-occur before they issue the O.K.Have no doubt that production will start very soon & upward we go.
barno99
21 Jun 2016
Re: news Seems to be heavily shorted at the moment ..Wait for the further drop for now ..
Sprocket60
21 Jun 2016
Re: news Good opp to get some more after the initial sell off this Morning.
barno99
21 Jun 2016
Re: news Very disappointed no production news here.Mid June is now gone.. I think we may see a drop and then a spike back up on the news.Frustrating!
Sprocket60
21 Jun 2016
Re: alltold9 Alert. LOL...... Too late, he has already arrived with a vote up for barno99 last message. Glad you have put the alltold9 chart in though as all can see that he simply waits for a company that could spike big time as if he were invested in them. See what the RNS response is regarding the closing of Tranche 1.
shugg1e
20 Jun 2016
Re: alltold9 Alert. ffs i hope he doesn't turn up on this board
Sprocket60
20 Jun 2016
alltold9 Alert. Mr altold, please contain yourself for this one please. NO..it isnt going to jumps to 50p by next week.....constraint needed if you would kindly oblige...
Sprocket60
20 Jun 2016
Re: Start up of production... Hope so, need to get into the safety zone of 6p min. Will see a new flurry of buys & take it from there where the SP is heading to....
barno99
19 Jun 2016
Re: Start up of production... I Expect production to have started by now .A steady ramp up with testing and maintenance tests being carried out.They won't tell us production has started until all the teething problems are out of the way and production is in full swing.It should be his week though and then the company will go into orbit..Gold is rising and should continue to do so going forwards..A great buy and with a dividend possible wishing 3 years a short and long termBuy!
Sprocket60
17 Jun 2016
Re: Start up of production... £ 0.031 or 3.1p. depend how you read it. Wish it was 0.31p & i would retire....
