Business
Preliminary Results 2007
Preliminary Results 2007.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Aurum Mining PLC\n27 September 2007\n\n\n\nFor immediate release 27 September 2007\n\n\n\nA meeting for analysts will be held at 10am on the morning of the results, 27\nSeptember 2007, at the offices of Buchanan Communications, 45 Moorfields, London\nEC2Y 9AE. The investor presentation, which will be used at the analyst meeting,\nis available on Aurum's website, www.aurummining.net.\n\n\n\n AURUM MINING PLC\n\n ('Aurum' or 'the Company')\n\n\n Preliminary Results for the year ended 31 March 2007\n\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, is pleased to announce its preliminary results for the year ended 31\nMarch 2007.\n\n\nHighlights\n\n\n •Aurum is on track for initial gold production at Andash in 2008\n\n\n •Strong balance sheet following £30 million share issue in February 2007\n\n\n •Identified capex savings at the Zone 1 mine, along with the continuing\n strength of metal prices, have considerably enhanced the economics of the\n Andash Project\n\n\n •On-going exploration work will increase Aurum's reserves and offers\n significant potential upside\n\n\n\nSean Finlay, Aurum's Chairman, commented: 'The current year promises to be\ntransformational for the Group. We are advanced with the execution of our plans\nfor the start of construction of the open-cast mine at Andash Zone 1 and look\nforward to initial production from the mine in 2008. In addition to becoming a\nnear-term gold producer, Aurum has significant exploration potential from other\nopportunities within the Andash licence area, which should increase the value of\nour Company significantly. Metal prices are currently strong and the outlook\nremains positive. We look forward to the future with confidence.'\n\n\n\n\n\n\n\nFor further information:\n\nAurum Mining plc Tel: 020 7478 9050\nMark Jones, Chief Executive Officer\n\nChris Eadie, Chief Financial Officer\n\nArbuthnot Securities Tel: 020 7012 2000\nJohn Prior\n\nJohn Toll\n\nBuchanan Communications Tel: 020 7466 5000\nMark Court / Rebecca Skye Dietrich\n\n\n\n\nNotes to editors\n\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 ...