| Rambler Implements Revised Plan at the Ming Copper-Gold Mine | |
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LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Jan 30, 2015) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (LSE: RMM) ("Rambler", "the Company" or "the Group") today provides an update of operations at the Ming Copper-Gold Mine. Due to the uncertainty in the copper price and an unforeseen decline in copper grade in January the Company has begun implementing short term cost cutting measures whilst it addresses grade and production issues at the Ming Mine. These measures are designed to provide additional financial stability for the Company as it now works towards the lower end of production guidance for Fiscal 2015. KEY POINTS - The significant decline in copper price during January has led to a complete review of the 2015 Fiscal plan as the Company works to re-evaluate the full impact that lower copper prices will have with the cost cutting measures in place
- Additional unplanned dilution of ore production stopes due to ground stability issues in the active stoping areas within the 1807 and MSUP zones have resulted in a decrease in the run of mine head grade over the last few weeks. It is expected that further ground support and larger pillar sizing will be required in some existing and new stoping areas to ensure stope stability
Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/5594D_1-2015-1-30.pdf
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Rambler Metals & Mining Plc
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EXPLORATION STAGE |
CODE : RMM.L |
ISIN : GB00B06Y3F14 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rambler Metals & Mining is a zinc and gold exploration company based in United kingdom. Rambler Metals & Mining holds various exploration projects in Canada. Its main exploration properties are BIG BEAR and MING MINE in Canada. Rambler Metals & Mining is listed in Canada and in United Kingdom. Its market capitalisation is GBX 1.1 billions as of today (US$ 1.3 billions, € 1.2 billions). Its stock quote reached its highest recent level on February 17, 2017 at GBX 9.99, and its lowest recent point on December 30, 2022 at GBX 0.05. Rambler Metals & Mining has 549 739 702 shares outstanding. |