Business
St. Augustine Gold & Copper files 2015 financial results and provides corporate update
St. Augustine Gold & Copper files 2015 financial results and provides corporate update...
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":"\n\n\n\nSt. Augustine Gold & Copper files 2015 financial results and provides corporate update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSt. Augustine Gold & Copper files 2015 financial results and provides corporate update\nCanada NewsWire\nHONG KONG, March 31, 2016\n\n\n\nHONG KONG, March 31, 2016 /CNW/ - St. Augustine Gold and Copper Limited (TSX: SAU) (\"St. Augustine\" or the \"Company\"), a development-stage company advancing the King-king Copper-Gold Project (\"King-king\" or the \"Project\") in Mindanao, Philippines, announced that it has filed its financial results for the fourth quarter and fiscal year ended December 31, 2015.  All amounts, unless otherwise indicated, are in U.S. dollars. \n\n2015 Corporate Highlights\n\n\nTogether with its joint venture partner, Nationwide Development Corporation (\"NADECOR\"), received approval of King-king's Environmental Impact Statement (EIS) from the Environmental Management Bureau (EMB), the responsible regulatory body in the Philippines. \nIn connection with the EIS approval, received an Environmental Compliance Certificate (ECC) for King-king from the EMB. \nNADECOR the Company's joint venture partner, entered into a Memorandum of Agreement (MOA) with the Mansaka Indigenous Cultural Communities/Indigenous Peoples (\"ICC/IPs\" or \"Mansaka Tribe\"), and the National Commission on Indigenous Peoples (\"NCIP\")  for the support and development of King-king.  \nContinued to work with the Philippine government and related agencies as well as local stakeholders to secure approval for the Declaration of Mining Project Feasibility (\"DMPF\"), a construction and mining permit. \nProgressed with engineering and corporate social responsibility programs aimed at supporting the projected initiation of Project construction in 2017. \nAt December 31, 2015, St. Augustine had cash and cash equivalents of approximately $3.2 million and working capital of approximately $2.5 million. These compare to approximately $9.8 million in cash and cash equivalents and working capital of approximately $9.8 million ...