Rambler Metals & Mining PLC: First Quarter 2015 Production Results

27.11.2014  |  Marketwired

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Nov 27, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for its first quarter, ending 31 October 2014 ('Q1 2015').

HIGHLIGHTS IN THE QUARTER:

• Q1 2015 results were within the guidance for the fiscal year and the Company remains on target to meet its annual production forecast.
  
  
• Dry tonnes milled of 58,546 tonnes, representing a 5 per cent increase on Q1 2014 results and a 2 per cent decrease on Q4 2014. This resulted in the production of:
  
  
  • 1,447 tonnes of copper; 1,464 ounces of gold; 10,781 ounces of silver
    
    
• Production of 5,072 tonnes of copper concentrate representing a 15 per cent decrease over Q4 2014.
  
  
• Head grades, for the quarter of copper averaged 2.79 per cent; gold at 1.26 grammes per tonne; silver at 9.12 grammes per tonne.
  
  
• Recoveries to concentrate for copper 97.1 per cent, gold 69.2 per cent and silver 73.0 per cent for the quarter. All meeting or exceeding the communicated guidance.
  
  
• Concentrate grade of 28.52 per cent, 8.98 grammes per tonne and 66.11 grammes per tonne for copper, gold and silver respectively.
  
  

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http://www.rns-pdf.londonstockexchange.com/rns/1496Y_1-2014-11-27.pdf