Dear Investors,
To view the latest news on Farallon Resources Ltd., please click on the link below or copy and paste it into your web browser.
http://www.farallonmining.com/fan/NewsReleases.asp?ReportID=372195&_Type=&_Title=Farallon-Announces-Third-Quarter-Operating-And-Financial-Results
November 16, 2009, Vancouver, BC � Dick Whittington, President and CEO of Farallon Mining Ltd. (�Farallon� or the �Company�) (TSX:FAN) is pleased to announce the quarterly operating and financial results for the Company for the three months ending September 30, 2009 and to provide a G-9 mill update.
This news release should be read in conjunction with the Company�s financial statements and MD&A, which are available on SEDAR. Currency is United States dollars unless otherwise indicated. Farallon will hold a conference call tomorrow, Tuesday November 17th, at 8:00 am Pacific time (11:00 am Eastern) to discuss these results. Call-in details are provided at the end of this release.
The Company generated cash flow from operations of $0.3 million and a loss for the period of $0.6 million. Production included zinc contained in zinc concentrates of 22.1 million pounds, copper in copper concentrate of 1.8 million pounds and additional by-product silver and gold. The total cash cost1 including transportation, treatment and refining charges and by-product credits, was $0.45/lb of payable zinc.
In addition, the Company�s Board of Directors has approved capital expenditure of $5.3 million to proceed with a mill expansion to increase production at the G-9 mine from 1,500 tonnes per day (�tpd�) to 2,000 tpd. The Company has engaged Axxent Engineering for engineering, procurement and construction management services related to the project which is expected to be complete by July 2010.
If you have any questions do not hesitate to contact us as provided below.
Best Regards,
Investor Services
Hunter Dickinson
Toll Free 1-800-667-2114 | Main 1-604-684-6365
info@hdgold.com | www.hdgold.com
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*Other HD affiliated companies include Amarc, Anooraq, Farallon, Continental, Northern Dynasty, Rockwell, and Taseko. Visit us at www.hdgold.com for more information.
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Farallon Mining Ltd.
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CODE : FAN.TO |
ISIN : CA30739T1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Farallon est une société développant des projet miniers basée au Canada. Farallon est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 377,7 millions CA$ (381,1 millions US$, 284,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 1998 à 5,05 CA$, et son plus bas niveau récent le 14 novembre 2008 à 0,10 CA$. Farallon possède 478 154 000 actions en circulation. |