Aureus Mining - Re: AUE Stream Log - "Aureus receiving funds from tranche...

"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