DGAP-News: Pearl Gold AG: Official Opening of Kodieran Gold Mine this week
(firmenpresse) - DGAP-News: Pearl Gold AG / Key word(s): Miscellaneous
Pearl Gold AG: Official Opening of Kodieran Gold Mine this week
20.02.2012 / 13:43
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Pearl Gold AG: Official Opening of Kodieran Gold Mine this week
- Opening ceremony and celebration of the production start on Saturday 25
February 2012 in Mali
- Attendance of Malian President Amadou Toumani Touréand members of the
government
- Casting of the first gold bullion
Frankfurt, 20 February 2012 - Pearl Gold (02:GR) announces that the
official opening of the Kodieran Gold Mine to celebrate the production
start will be held on Saturday, 25 February 2012. The open pit mine in the
south eastern part of Mali is operated by Wassoul'Or S.A., the German Pearl
Gold AG's first investment, and will be officially declared open by Malian
president Amadou Toumani Touréthis week.
Meanwhile the commissioning at the mine continues. The first ore outcomes
will be announced in the next four to six weeks. 'We are proud and honoured
that the Malian President Amadou Toumani Touréand several members of the
Malian Government will be attending the inauguration of the mine on
Saturday', said Robert Francis Goninon, President of Pearl Gold's
supervisory board. The official gold mine opening ceremony will be
officiated by Malian President Amadou Toumani Touré, who will be casting
the first bullion.
Pearl Gold anticipates an average daily production rate of around 630
ounces of gold over the next six years from its first investment
Wassoul'Or, with a potential mine life extension. The company considers a
doubling of the production capacity in at least two years as realistic. The
commencing operation in Kodieran is one of currently five potential mining
sites within Wassoul'Or's concession.
About Pearl Gold AG
Pearl Gold AG is a holding company listed on the Open Market of the German
Stock Exchange, based in Frankfurt. The company focuses on investments in
West African exploration and mining corporations, especially in the field
of gold and other noble metals. The first investment of Pearl Gold is the
Malian mining company Wassoul'Or, in which Pearl Gold holds 25% of shares.
Wassoul'Or concentrates on the exploration and production of gold and runs
the Kodieran gold mine in the South of Mali.
For Inquiries:
MSL Financial
Steffi Fahjen
Email: steffi.fahjen(at)mslgroup.com
Tel: +49 (0) 69 6612456 8394
End of Corporate News
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157401 20.02.2012
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Datum: 20.02.2012 - 13:43 Uhr
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