Rusoro Reports Q2 2011 Financial Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/30/11 -- Rusoro Mining Ltd. (TSX VENTURE: RML) ("Rusoro" or "the Company") reports its financial results for the three months ended June 30, 2011 ("Q2 2011"). The Company's consolidated financial statements and management's discussion and analysis ("MD&A") for Q2 2011 have been filed on SEDAR ().
All amounts set out in this news release and the Company's unaudited consolidated financial statements and MD&A are expressed in United States dollars, unless otherwise stated.
The following is a synopsis of the Q2 2011 financial results. For detailed information regarding Rusoro's Q2 2011 results, and results for the six months ended June 30, 2011, please refer to the unaudited consolidated financial statements and related MD&A for Q2 2011, which can also be found on the Company's website at .
Outlook
During 2011, the Company expects to produce 85,000 ounces of finished gold from the Choco Mine and its 50% interest in the Isidora Mine. Total cash costs per ounce sold for 2011 are expected to be $1,100 per ounce for Choco and $1,400 per ounce for Isidora.
Cautionary non-IFRS measures
Total cash costs per ounce sold is a non-IFRS measure. The Company believes that, in addition to conventional measures, prepared in accordance with IFRS, certain investors use the cash costs per ounce data to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS as it does not have any standardized meaning prescribed by IFRS. Data used in the calculation of total cash costs per ounce may not conform to other similarly titled measures provided by other precious metals companies.
ON BEHALF OF THE BOARD
Andre Agapov, President & CEO
Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Rusoro Mining Limited
Andre Agapov
President & CEO
604-632-4044 or Toll Free: 1-800-668-0091
604-632-4045 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 30.08.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 60411
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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