Rambler Metals & Mining PLC Unaudited Consolidated Financial Information for the Quarter Ended October 31, 2014

09.12.2014  |  Marketwired

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Dec 9, 2014) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

Rambler Metals and Mining PLC (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company') today announces its unaudited Financial Results and operations highlights for the quarter ended October 31, 2014.

Financial Highlights

• A total of 5,134 dry metric tonnes ('dmt') (Q4'14 - 5,909 dmt) of concentrate was provisionally invoiced during the period at an average price of $3.44 (Q4'14 - $3.40) per pound copper, $1,387 (Q4'14 - $1,405) per ounce gold and $20.42 (Q4'14 - $21.79) per ounce silver, generating $12.6 million in revenue.
  
  
• During the quarter the Group agreed to final weights and assays on one concentrate shipment with its off-take partner resulting in a $0.3 million decrease in revenue bringing net revenue for the quarter to $12.3 million.
  
  
• The net profit after tax for Q1/15 was $276,000 or $0.002 per share which compares with $1,974,000 or $0.014 per share for Q4/14 and $3,708,000 or $0.026 per share for Q1/14. The reduction in profits is due to the fall in accountable copper metal resulting largely from lower copper head grade in the quarter.
  
  
• Earnings before interest, taxes, depreciation, amortisation ("EBITDA") was $3,652,000 for the three months ended October 31, 2014 compared to $7,798,000 in Q4/14 and $8,597,000 in Q1/14.
  
  
• Cash resources as at December 9, 2014 were $8.8 million.
  
  

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