Business
Final Results for the Year Ended 31 December 2015
Final Results for the Year Ended 31 December 2015.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4765C Connemara Mining Company plc 28 June 2016 \n\n28th June 2016\n \n\n\n\n \nConnemara Mining Company\n(\"Connemara\" or \"the Company\")\n \nFinal Results for the Year Ended 31 December 2015\n \nConnemara Mining Company today announces its results for the year ending 31 December 2015. \n \nEnds\n \nEnquiries:\n\n\n\n\nConnemara Mining Company Plc\n\n\n\n\n\n\n\nJohn Teeling, Chairman\n\n\n+353 1 833 2833\n\n\n\n\nJim Finn, Director\n\n\n\n\n\n\n\nNorthland Capital Partners Limited \n\n\n\n\n\n\n\nWilliam Vandyk/Gerry Beaney\n\n\n+44 (0) 20 3861 6625\n\n\n\n\nJohn Howes \n\n\n\n\n\n\n\nDowgate Capital Stockbrokers Limited\n\n\n\n\n\n\n\nJason Robertson\n\n\n+44 (0) 1293 517744\n\n\n\n\nBlytheweigh\n\n\n+44 (0) 20 7138 3204\n\n\n\n\nTim Blythe\n\n\n+44 (0) 7816 924 626\n\n\n\n\nCamilla Horsfall\n\n\n+44 (0) 7817 841 793\n\n\n\n\nNick Elwes\n\n\n+44 (0) 7831 851 855\n\n\n\n\nRachael Brooks\n\n\n\n\n\n\n\nPSG Plus\n\n\n\n\n\n\n\nColm Heatley\n\n\n+353 1 661 4055\n\n\n\n\nAlan Tyrrell\n\n\n+353 1 661 4055\n\n\n\n\nwww.connemaramining.com\n \nStatement Accompanying the Final Results\n \n \nConnemara is an active explorer in Ireland with 35 gold and zinc licences. A gold drilling campaign is ongoing on our ground in Donegal. Connemara has joint ventures with Teck Resources of Canada on most of our zinc licences and with Hendrick of Canada on our Wicklow/Wexford gold licences.\n \nThe prices of both metals have rallied strongly so far in 2016. Gold is touching $1,300 an ounce while zinc is close to $1,900 a tonne. At these prices exploration can be an attractive speculation. Particularly, in areas with good title, fair taxation, the rule of law and, ideally, good prospective geology. Ireland ticks all of these boxes for zinc while gold potential is slowly emerging. For over 50 years Ireland has been recognised as one of the leading, zinc provinces in the world. Some of the world's biggest zinc discoveries in recent decades have been made in Ireland beginning with the Tynagh mine, 50 years ago the then biggest discovery in Europe; followed by the giant Tara mine still the 5th biggest world producer 40 years after start-up; followed by the world class Lisheen mine, finally exhausted in 2014.\n \nThere has ...