Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
Rambler Loads and Ships First Concentrates to International Markets
Published : December 03, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Copper | Gold | Recovery | Silver | Spain | Storage | Volatility |

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR--(Marketwire - Dec. 3, 2012) - Rambler Metals and Mining plc (News - Market indicators) (AIM:RMM) ('Rambler' or the 'Company') announces that subsequent to the Company's 'notification of load readiness' to Transamine Trading SA ('Transamine'), a total of 8,873 wet metric tonnes of copper concentrate has now been loaded and shipped from storage at Goodyear's Cove on board a bulk cargo vessel, destined for Huelva, Spain.


  • A bulk cargo vessel, the MV Qamutik, called to port on Friday 23 November 2012. The vessel was completely loaded, trimmed and surveyed with 8,873 wet metric tonnes of copper concentrate by Sunday afternoon
  • The Company's own sampling estimate of grade for the concentrate shows it ranging between 26-30% copper with 6-10 g/t gold and 40-50 g/t silver. Moisture content at the time of loading was 8.66%, below the products transportable moisture limit ('TML') of 9.15%
  • The Company has also initiated payback of the C$7.5 M borrowed from Sprott Lending, with the first repayment of C$500,000 made on 30 November 2012 

George Ogilvie, President and CEO of Rambler, commented:

"The loading and shipment of our copper concentrate, destined for international markets, now completes the entire copper production cycle for our Company. The facilities at Goodyear's Cove were newly constructed this year and following only minor delays during start-up, the vessel was loaded efficiently.

As the Ming Mine is in commercial production and starting to generate free cash flow, we feel it is now prudent to begin repaying the credit facility received in late 2011 from Sprott Lending. Subsequently, we have made our first repayment of C$500,000 towards the loan principal.

Rambler will be presenting at the Proactive Investors One2One Forum - London on Thursday December 6th, 6:00pm at Chesterfield Mayfair Hotel (Charles Suite, 1st floor), 35 Charles Street, Mayfair. We will be providing an update of some of our successes over the past year and those opportunities we hope to take advantage of in the coming year. You can officially register for the event through . My executive team and I will be available after the presentations to talk about the Mine and answer any questions you may have."

Larry Pilgrim, P.Geo., is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc.

Tonnes referenced are dry metric tonnes unless otherwise indicated.

Caution Regarding Forward Looking Statements:

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
Rambler Metals & Mining Plc.
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
Seymour Pierce Limited
Stewart Dickson / Jeremy Stephenson
+44 (0) 20-7107-8000
Pelham Bell Pottinger
Charles Vivian / Daniel Thöle
+44 (0) 20 7861 3921
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370
Data and Statistics for these countries : Spain | All
Gold and Silver Prices for these countries : Spain | All

Rambler Metals & Mining Plc

ISIN : GB00B06Y3F14
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Rambler Metals & Mining is an exploring zinc and gold 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 2.1 billions as of today (US$ 3.3 billions, € 2.9 billions).

Its stock quote reached its highest recent level on November 21, 2008 at GBX 9.27, and its lowest recent point on February 06, 2015 at GBX 10.00.

Rambler Metals & Mining has 144 170 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
In the News and Medias of Rambler Metals & Mining Plc
3/22/2010Rambler Metals & Mining cuts expenditure in Q2, puts develop...
Financings of Rambler Metals & Mining Plc
4/23/2007Announces Private Placement
Nominations of Rambler Metals & Mining Plc
9/24/2012-Board Appointment
8/11/2008 Appoints General Manager
Financials of Rambler Metals & Mining Plc
12/9/2013Rambler Reports Financial Results for Quarter Ended 31 Octob...
11/20/2013Rambler Provides a Summary of its First Quarter 2014 Operati...
10/29/2013Rambler Reports Financial Results for the Year Ended July 31...
12/20/2012First Quarter Results 2013 & Operational Highlights
10/22/2012and Mining plc Financial Results Year Ended 31 July 2012
3/21/2011Financial Results Quarter Ended January 31, 2011
12/8/2009First Quarter Results 2010 & Operational Highlights
Project news of Rambler Metals & Mining Plc
1/14/2014Rambler Ships More High Grade Copper Concentrate to Internat...
11/13/2013Rambler Provides Diamond Drilling Update at its Ming Mine
10/1/2013Rambler Ships More High Grade Copper Concentrate; 26,000 Wet...
5/29/2013Rambler Ships More High Grade Copper Concentrate, Over 18,00...
5/28/2013Strategic Partner Releases Its First NI43-101
5/1/2013Rambler Makes Further Repayment to Sprott Resource Lending P...
4/16/2013Rambler Completes Property Arrangement to Explore for New Go...
10/9/2012(Ming Mine)Buys Out 1% Net Smelter Royalty on the Ming Mine Property
9/4/2012Rambler Continues to Optimize Copper and Gold Production Whi...
2/15/2012and Mining Aligns Itself With Maritime Resources Through 17%...
6/1/2011Rambler Signs Exploration and Development Alliance with Mari...
5/10/2011Rambler Develops Through High Grade Gold Zone Returning 227....
5/10/2011Develops Through High Grade Gold Zone Returning 227.15 g/t G...
4/26/2011Production Approval Received for Nugget Pond Crown Pillar Al...
3/2/2011(Ming Mine) Updated Footwall Zone Resource Estimate
3/2/2011Realizes a 21% Increase in Contained Metal by Updating its F...
2/16/2011(Ming Mine)Progresses in Bringing Its Copper and Gold Projects Into Pro...
10/1/2010(Ming Mine) NI43-101 Technical Report Filed and Project Update
6/1/2010(Ming Mine)Environmental Approval Received
4/12/2010(Ming Mine)Environmental Project Registration and Project Update for th...
2/26/2009(Ming Mine)NI43-101 Resource Estimate for the Ming Mine
2/10/2009(Ming Mine)and Mining Reports Positive Results From Its Lock Cycle Metu...
10/13/2008(Ming Mine)Drills 8.70 metres of 30.93 g/t Gold, 2.14% Copper and 7.98%...
7/9/2008(Ming Mine)Ming Mine Dewatered and Project Update
6/16/2008Files NI43-101 Technical Report
6/2/2008Completes Scoping Study and Moves Ahead to Pre-Feasibility
5/15/2008(Ming Mine) Drills 5.10 metres of 3.68 g/T Gold and 15.77% Copper
4/30/2008Publishes Its NI43-101 Resource Estimate for the Ming Mine
3/26/2008Underground Footwall Program Drills 11.7 Metres of 2.25% Cop...
12/12/2007(Ming Mine)Drills 60.7 Feet of 4.26% Copper, 4.3 g/T Gold and 1.25% Zin...
Corporate news of Rambler Metals & Mining Plc
2/23/2015and Mining plc: Second Quarter 2015 Production Results
1/30/2015Implements Revised Plan at the Ming Copper-Gold Mine
1/27/2014Rambler Updates the Reserve and Resource Estimates at its Mi...
1/15/2014Rambler Senior Management Changes
12/4/2013Marathon Gold Enters into an Agreement With Rambler Metals a...
12/3/2013Rambler Reduces Debt Facility with Sprott Lending Partnershi...
10/29/2013and Mining PLC: Report of the Directors and Audited Financia...
10/15/2013Completes Purchase of 50% Interest in the Little Deer Projec...
10/1/2013Ships More High Grade Copper Concentrate
9/17/2013Enters Conditional Agreement to Purchase Cornerstone's 50% I...
9/9/2013TR-1: Notification of Major Interest in Shares
9/3/2013Rambler Makes a $500,000 Debt Re-Payment to Sprott Lending P...
9/3/2013Makes a $500,000 Debt Re-Payment to Sprott Lending Partnersh...
8/23/2013Announces Options Exercising
7/11/2013Strategic Partner Maritime Files Technical Report
6/27/2013and Mining Releases Its Q3 2013 Results
6/24/2013Rambler Provides Diamond Drilling Update - Intersected 13.18...
6/24/2013Provides Diamond Drilling Update
6/24/2013Provides Diamond Drilling Update
6/3/2013Rambler Pays a Further $600,000 in Debt Re-Payment to Sprott...
6/3/2013Pays a Further $600,000 in Debt Re-Payment To Sprott Lending...
5/1/2013Makes Further Repayment to Sprott Resource Lending Partnersh...
4/16/2013Completes Property Arrangement to Explore for New Gold & Cop...
4/15/2013and Mining - Novation of Nominated Advisor and Brokerage Agr...
3/27/2013Extends Loan Arrangement With Sprott Resource Lending Partne...
2/21/2013Non-Executive Board Member Resigns
1/28/2013TR-1: Notification of Major Interest in Shares
12/21/2012Season's Greetings from Rambler Metals and Mining
12/3/2012Loads and Ships First Concentrates to International Markets
12/3/2012Loads and Ships First Concentrates to International Markets
11/13/2012Appoints New General Manager at the Ming Copper-Gold Mine; F...
10/29/2012(Ming Mine)and Mining Plc, Rambler's Ming Mine Moves into Commercial Pr...
5/30/2012Rambler Begins Trucking Copper Concentrate Following Start-u...
5/2/2012Rambler Completes Record Gold Pour of 1935 Ounces
4/11/2012Rambler Produces Over 9,700 Ounces of Gold While Exploration...
2/22/2012and Mining Produces Over 5,000 Ounces of Gold and Intersects...
1/9/2012Rambler Signs Commercial Off-take Agreement with Transamine ...
11/22/2011and Mining - AGM
10/20/2011Rambler Commissions Copper Concentrator Ahead of Ming Mine P...
6/28/2011Significant Progress Being Made at Rambler's Copper Gold Pro...
6/17/2011Notification of Major Interest in Shares
6/1/2011Signs Exploration and Development Alliance With Maritime and...
5/5/2011Holding In Company
5/3/2011Results of EGM, Closing of Announced Placing and Admission o...
4/20/2011and Mining Presenting and the Proactive Investors One2One Fo...
4/7/2011Notice of General Meeting
3/14/2011Receives Final Permitting For the Ming Copper-Gold Mine
3/2/2011and Mining plc: Updated Footwall Zone Resource Estimate
12/1/2010VP Corporate Development Assumes Corporate Secretary Role
8/10/2010Construction Permits Received for Nugget Pond and Ming Mine ...
3/26/2010Proposed Placing of £2.7 Million to Support Bringing Min
2/15/2010Apointment of Joint Broker
2/8/2010Hires Key Mine Engineering Staff
12/8/2009Features on CEO Clips airing on BNN
11/23/2009Notice of AGM
10/27/2009Completes Purchase of the Nugget Pond Processing Facility
10/22/2009Confirms Closing of Previously Announced Placing
9/29/2009Proposed Placing
9/21/2009Explores for New Gold
5/27/2009Q3 2009 Results
3/18/20092nd Quarter Results 2009 and Operations Update
1/8/2009Implements Cost Reduction Programme
11/10/2008and Mining Drills 9.50 metres of 20.31 g/t Gold, 4.21 % Copp...
9/23/2008Drills 4.00 metres of 0.25 g/T Gold and 4.48 % Copper
9/9/2008Drills 2.9 metres of 3.05 g/T Gold and 5.19% Copper
8/27/2008Drills 7.4 metres of 2.22 % Copper in the Lower Footwall Zon...
5/7/2008Drills 6.00 metres of 2.86% Copper
4/15/2008Underground Gold Exploration Continues to Develop: Drills 5....
2/28/20081807 Zone Returns 4.0 Metres of 6.3% Copper New 200 Metre St...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
GBX 14.75
03/03 16:30 -
Prev close Open
14.75 14.75
Low High
14.00 15.00
Year l/h YTD var.
10.50 -  22.50 -34.44%
52 week l/h 52 week var.
10.50 -  30.62 -51.83%
Volume 1 month var.
19,479 40.48%
24hGold TrendPower© : -18
Explores for Copper - Gold - Silver - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 12/14/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.