Business
AGM Statement
AGM Statement.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Aurum Mining PLC\n02 November 2007\n\n\n\nFor immediate release 2 November 2007\n\n\n AURUM MINING PLC\n ('Aurum' or 'the Company')\n\n Result of AGM and AGM Statement\n\nAurum Mining plc (AIM: AUR), the gold-mining company focussed on the Former\nSoviet Union (FSU) and whose principal asset is the Andash Project in the Kyrgyz\nRepublic, held its Annual General Meeting this morning at which all resolutions\nwere duly passed.\n\nSean Finlay, Aurum Mining's Chairman, made the following comments:\n\n'As I reported in our preliminary results, the current financial year is\ntransformational for Aurum and we remain on track to commence initial production\nat Andash in the second half of calendar year 2008. Further exploration work is\nprogressing well at the Nakhodka and Tokhtonysay opportunities within the Andash\nlicence area, offering the potential to increase Aurum's reserves significantly.\n\n'As a reflection of our close working relationship with the Kyrgyz authorities,\nwe have been granted an extension to the time period for the completion of the\ndetailed design work for the Andash mine. This extension, from the end of\nNovember 2007 to the end of May 2008, increases our flexibility around the\nfinalisation of the mine design without impacting our anticipated start date for\ngold production.\n\n'The continued strength of metal prices greatly enhances the economics of the\nAndash project and, given our progress to date, we look forward to the future\nwith considerable confidence.'\n\nAurum's interim results for the six months to 30 September 2007 will be\nannounced on 10 December 2007 and will include a detailed operational update on\nprogress at Andash.\n\n\n\nFor further information:\n\nAurum Mining plc Tel: 020 7478 9050\nMark Jones, Chief Executive Officer\nChris Eadie, Chief Financial Officer\n\nArbuthnot Securities Tel: 020 7012 2000\nJohn Prior\nJohn Toll\n\nBuchanan Communications Tel: 020 7466 5000\nMark Court / Rebecca Skye Dietrich\n\nNotes to editors\n\nAurum Mining, which joined the AIM market of the London Stock Exchange in May\n2004, is a mining company focussed on gold opportunities in the Former Soviet\nUnion. Its principal asset is an exploration licence over the Andash gold and\ncopper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was\nawarded by the Kyrgyz authorities in 2006. The fe...