Business
Interim Results - 6 months en
Interim Results - 6 months en.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 6278D Aurum Mining PLC 07 December 2009 \n \nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\n\nInterim Results for the six months ended 30 September 2009\n\nAurum Mining plc (AIM: AUR), the gold mining company focused on the Former Soviet Union (FSU) and whose principal asset is the Andash Project in the Kyrgyz Republic, announces its interim results for the six months ended 30 September 2009. \n\nKey points\n\n\n\nUS$13.6m net proceeds from the disposal to Kentor of a majority stake of the Andash asset and ancillary mining fleet currently expected by the end of the calendar year \n\n\nThe company will retain a 10% interest in the Andash project post completion of the deal with Kentor\n\n\nShareholders approved the Company's future investing strategy at the General Meeting held on 12 November 2009\n\n\n Existing cash balances of approximately £1.2m\n\n\nThe Board is currently evaluating a number of exciting acquisition opportunities and hopes to make a recommendation to Shareholders by the end of the Company's financial year\n\n\n\nSean Finlay, Aurum's Chairman, said: \"The Board looks forward to the next phase of Aurum's transformation with great confidence, a situation that would have been unthinkable only six months ago. This not only highlights the great progress made over this period, but also demonstrates the confidence that the Board has in delivering strong returns to all the Company's stakeholders in the near future.''\n\nEnquiries:\n\n\n\n\n\nAurum Mining plc\n\n\nTel: 020 7499 4000\n\n\n\n\nMark Jones, Chief Executive\nChris Eadie, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000\n\n\n\n\nJohn Prior\nRichard Johnson\n\n\n\n\n\n\n\n\nChairman's and Chief Executive's Statement\n\nThe story of Aurum's current financial year to date has been well documented, but it is worth recapping on the key events of the period as they serve to highlight the tremendous progress made by the Company. During the last six months, the Company has gone, quite literally, from a state of total paralysis to the brink of complete transformation.\n\nFollowing the return of £15.9 million to Shareholders during April 2009, the Company was left in the untenable...