Business
Q3 operational and production update
Q3 operational and production update.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4024S Rose Petroleum PLC 07 November 2013 \n \n\nRose Petroleum plc (AIM: ROSE)\n(\"Rose\" or the \"Company\")\nOperational and production update for 1 July to 30 September 2013 (\"Q3\")\nRose announces an update from its oil and gas division and gold and silver operations in Mexico, which are operated by its wholly-owned subsidiary, Minerales VANE S.A. de C.V. (\"MV\"), together with an update on the activities of its wholly-owned subsidiaries AVEN Associates LLC and VANE Minerals (US) LLC in relation to copper and uranium.\nHighlights\nOil and Gas\n· Additional licence applied for in Western Europe\n \nMexican operations\n· 1,387oz. Au and 21,059 oz. Ag produced in Q3 (Q2 2013: 1,572.5 oz. Au and 16,613 oz. Ag)\n· 10,196 tonnes of ore processed during Q3 (Q2 2013: 9,093 tonnes) with average grades 5.88 g/T Au and 94.3 g/T Ag (Q2 2013: 5.96 g/T Au and 93.3 g/T Ag) \n· Average recovery rate of 81.1% Au and 71.6% Ag (Q2 2013: 81.8% Au and 75.6% Ag)\n· Total revenue for Q3 of US$2,419,167 (unaudited) (Q2 2013: US$2,117,993)\n· Direct production cost of $760.07 per oz. Au equivalent or $12.49 per oz. Ag equivalent (Q2 2013: $626.70 per oz. Au equivalent or $9.83 per oz. Ag equivalent)\n· 49.3 tonnes of concentrate held in inventory at period end (Q2 2013: 30.6 tonnes)\n· SDA Mill operated at 113% of capacity\n· All gold and silver sold unhedged\n· Diablito Mine undergoing closure and reclamation at period end\n \nCopper and uranium\n· AVEN Associates LLC - discussions are ongoing with parties interested in participating in the programme\n· VANE Minerals (US) LLC - discussions are ongoing with potential buyers. Judgments on the legal claims against the U.S. Department of Interior pertaining to the withdrawn federal lands are pending\n \nCommenting today, Matthew Idiens, CEO of Rose said: \"The results from our Mexico operations continue to be solid despite pressure on precious metals prices during the period and we are confident that our Mexican business will continue to make a positive c...