DGAP-News: Pearl Gold AG: Production figures for May 2013, further actions
(firmenpresse) - DGAP-News: Pearl Gold AG / Key word(s): Monthly Figures
Pearl Gold AG: Production figures for May 2013, further actions
02.07.2013 / 14:37
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Production figures for May 2013, further actions
- Production figures for May
- Further audit is being executed
Frankfurt, 02.07.2013. The Management of Wassoul'Or SA has decided to
conduct another geological audit as a consequence of the technical audits
conducted in March and April this year. This audit shall bring more
detailed information on the measures to be taken by the Management
Committee that shall commence its function only after the results of this
last external audit are known and the consequences evaluated.
The geological audit has commenced and is being supervised by the president
of the supervisory board of Pearl Gold, Mr. Robert Goninon, and executed by
a specialized South-African company.
In the future, production figures will only be published on the internet
site within the first 10 days of the following month, and will not be
published as a press release.
Summary of production figures for May 2013
* Processed raw material: 75,715 tons
* Gold content at the beginning of the production process: 0.67 gm/ton
* Gold content in waste material: 0.22 gm/ton
* Sum of extracted gold: 10,175 gm
* Non treated intermediate product 11,600 tons
The company once again points out that it is not possible to calculate a
sustainable gold recovery rate as long as the extraction process is not in
accordance with the target figures and as long as there are considerable
quantities of partly-treated interim stockpiles.
Pearl Gold AG
Pearl Gold AG is a project developer and active investor listed in the
General Standard of the Frankfurt 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 precious metals.
The first investment of Pearl Gold is the Malian mining company Wassoul'Or,
in which Pearl Gold has a stake of 25 per cent. Wassoul'Or concentrates on
the exploration and production of gold and runs the Kodiéran gold mine in
the South of Mali. For further information as well as the securities
prospectus visit http://www.pearlgoldag.com
For Inquiries:
MSL Financial
Press(at)pearlgoldag.com
Tel: +49 (0) 69 6612456 8327
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information
included in this news release constitutes 'forward-looking statements'. The
words 'expect', 'plan', 'will', 'intend', 'estimate' and similar
expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. The Pearl Gold AG cautions the reader that such
forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from the Company's
estimated future results, performance or achievements expressed or implied
by those forward-looking statements and the forward-looking statements are
not guarantees of future performance. These risks, uncertainties and other
factors include, but are not limited to, risks associated with the mining
industry such as government regulation, environmental and reclamation
risks, title disputes or claims, success of mining activities, future
commodity prices, costs of production, possible variation in mineral
reserves, mineral resources, grade or recovery rates, failure of plant,
equipment or processes to operate as anticipated, accidents, labour
disputes, the timing of estimated future production, capital expenditures,
financial market fluctuations, requirements for additional capital,
conclusions of economic evaluations, limitations on insurance coverage,
risks associated with using third-party contractors and inflation. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.
End of Corporate News
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02.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Pearl Gold AG
An der Welle 4
60322 Frankfurt
Germany
Phone: +49 (0) 69 7593 8587
Fax: +49 (0) 69 7593 8200
E-mail: info(at)pearlgoldag.com
Internet: www.pearlgoldag.com
ISIN: DE000A0AFGF3
WKN: A0AFGF
Listed: Regulierter Markt in Frankfurt (General Standard)
End of News DGAP News-Service
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219482 02.07.2013
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Datum: 02.07.2013 - 14:37 Uhr
Sprache: Deutsch
News-ID 275041
Anzahl Zeichen: 8052
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Kategorie:
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