| | Publié le 05 septembre 2012 | FORMER FREEPORT=2DMcMORAN COPPER & GOLD VP EXCITED BY BAU GOLDFIELD PROJECT =2D ASSUMES ROLE AS NEW |
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TSX:OYM ASX:OYM OTCQX:OLYMF FSX:OP6 |
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I ACCEPT: FORMER FREEPORT-McMORAN COPPER & GOLD VP EXCITED BY BAU GOLDFIELD PROJECT - ASSUMES ROLE AS NEW CHIEF OPERATING OFFICER WITH OLYMPUS PACIFIC
Toronto, September 4, 2012 � Olympus Pacific Minerals Inc. (the "Company" or "Olympus"). Chief Executive Officer, John Seton is pleased to announce the appointment of Mr. Darin Lee as Chief Operating Officer (COO) of Olympus Pacific Minerals Inc. John Seton said �Darin has the experience and drive to take Olympus to the next level of development at our Bau project, East Malaysia and to hone and improve production in Vietnam.� Olympus� gold production has steadily increased since the second quarter production announcement, (See Olympus press release dated August 1, 2012) resulting from improved ore grades and increased tonnage at the Vietnam plants. Mr. Lee�s preliminary assessment of the Company�s gold mining operations leads him to strongly believe that lower costs and improved efficiencies at the Phuoc Son and Bong Mieu mines are achievable. Darin has successfully led mining operations with more than 2,000 employees and annual operating budgets in excess of $600 million. In addition, he has planned and carried out numerous expansion and technical projects with budgets of up to $900 million. Mr. Seton added, �Darin�s experience in northern Nevada will be indispensable as we progress with the Carlin style deposits at our Bau project.� Upon accepting the position of COO with Olympus, Darin said, �I am honored, and thrilled to join this great team of people and together, work to building an efficient and profitable gold mining company.� Darin Lee�s successful international career has taken him to almost every corner of the globe, most recently from 2010 to 2012 as Operations Director of Minera Panama SA, 80% owned by Inmet Mining, Toronto and 20% by a joint venture between LS-Nikko Copper and Korean Resources (KORES), where he was responsible for planning and mine development of the $6.2 billion Cobre Panama Copper project. Prior to that he spent 10 years as Vice President-Technical Services for Freeport-McMoRan based in Indonesia and later Phoenix, AZ. Darin also worked for Echo Bay Minerals for 12 years finishing at the McCoy/Cove mine in Nevada as Operations Manager. Darin holds a Bachelor of Science; Mineral Process Engineering from the University of Alberta (1987). Olympus� John Seton said, �The Board recognizes the importance of advancing its projects through exploration and production as quickly as possible, and believes the experience, ability, and commitment of its people will greatly enhance Olympus in achieving its goals.� Olympus is a diversified gold production and exploration company with three core assets located in East Malaysia and Vietnam and an exploration project in the northern Philippines. The Company has two producing gold mines in central Vietnam, which generate operating cash with current production. The Bau Gold Field is currently in full feasibility with an established N1 43-101/JORC resource that�s expected to increase in the fourth quarter calendar year 2012 resulting from the Company�s current drilling program.
Olympus Pacific Minerals Inc.John A.G. Seton, Chief Executive Officer For further information contact:James W. Hamilton Vice President Investor Relations Tel: +1-416-572-2525 Tel: +61 800 308 602 (Aus) TF: +1-888-902-5522 Fax: +1-416-572-4202 www.olympuspacific.comir@olympuspacific.com
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Olympus FOFI Disclaimer
Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of the Ontario Securities Act, including statements concerning our plans at our producing mines and exploration projects, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental, or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; and risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management�s discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment in the jurisdictions within which the Company operates will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. |
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TELL A FRIEND |
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Olympus Pacific Minerals Inc.
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PRODUCTEUR |
CODE : OYM.TO |
ISIN : CA68162Q2027 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Olympus Pacific est une société de production minière d'or basée au Canada. Olympus Pacific est productrice d'or, d'argent, de plomb, de tungsten et de zinc au Viet Nam, et détient divers projets d'exploration aux Philippines et en Malaisie. Ses principaux projets en production sont BONG MIEU et PHUOC SON au Viet Nam et ses principaux projets en exploration sont TIEN THUAN, NA PAI et TIGER MOUNTAIN au Viet Nam, BAU MALAYSIA en Malaisie et CAPCAPO aux Philippines. Olympus Pacific est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 72,0 millions CA$ (66,5 millions US$, 48,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,20 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,04 CA$. Olympus Pacific possède 378 781 000 actions en circulation. |
Rapports annuels de Olympus Pacific Minerals Inc. |
Financements de Olympus Pacific Minerals Inc. |
Nominations de Olympus Pacific Minerals Inc. |
Projets de Olympus Pacific Minerals Inc. |
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Communiqués de Presse de Olympus Pacific Minerals Inc. |
08/11/2012 | is simplifying its capital structure. |
06/11/2012 | Proposes Amendments to Simplify Capital Structure |
20/09/2012 | Hits Higher Gold Grade at Jugan Hill, Bau, East Malaysia |
12/09/2012 | Milestone=3A Test Work Proves Metallurgical Viability At Jug... |
11/09/2012 | Happy with 90% =2D 98% Gold recovery rates at Jugan Hill |
05/09/2012 | FORMER FREEPORT=2DMcMORAN COPPER & GOLD VP EXCITED BY BAU GO... |
04/09/2012 | I Accept: Former Freeport-McMoRan Copper & Gold VP Excited b... |
01/08/2012 | s Second Quarter Gold Production and Changes Its Financial Y... |
23/05/2012 | =E2?? BAU GOLD PROJECT CONTINUES TO DELIVER POSITIVE DRILL R... |
22/05/2012 | ' Bau Gold Project Continues to Deliver Positive Drill Resul... |
05/04/2012 | Drills 52.7M @ 4.64G=2FT Au At Bau |
03/04/2012 | Drills 52.7m @ 4.64 g/t Au at Bau |
05/03/2012 | Expands Global Gold Resource to 4.53 Million Ounces |
15/02/2012 | Enhances Board Independence |
31/01/2012 | Confirms Mineralization Widths of Up to 78 Meters at Bau Cen... |
24/01/2012 | Completes an Additional Tranche of the Bau Acquisition and E... |
10/01/2012 | Exceeds Its 2011 Gold Production Target |
22/12/2011 | Receives Certificate of Merit for Its Social Economic Contri... |
05/12/2011 | Announces Progress at Bau Project and Draws Carlin Trend Ana... |
29/11/2011 | EXPECTS TO ACHIEVE ITS 2011 PRODUCTION TARGET |
28/11/2011 | Announces Normal Course Issuer Bid |
26/10/2011 | Featured In Australia=E2??s Paydirt - Gold Mining Journal |
11/10/2011 | Malaysia Bau Central Trench Results Confirm Outcrop Grades a... |
08/09/2011 | Commences Malaysian Goldfield Feasibility |
10/08/2011 | PUBLISHES FIRST EDITION COMPANY NEWSLETTER |
24/06/2011 | (Phuoc Son)Successfully Pours First Gold Dore at Phuoc Son |
06/06/2011 | ' CEO to Present at Euro Pacific Global Investment Conferenc... |
05/05/2011 | Announces Closing of Private Placement of CAD$15 Million of ... |
28/01/2011 | to Finalize In-Country Value Added Refining of Dor=C3=A9 |
26/03/2008 | Announces Management Reorganization |
07/03/2008 | to Commence Trading in the US on OTCBB |
04/02/2008 | Management Has Reorganized To Ensure Technical Success Over ... |
03/01/2008 | Information Now Available Through S&P Market Access Program |
03/01/2008 | 2008 Vancouver Resource Investment Conference |
18/12/2007 | Special Meeting Adjourned |
05/11/2007 | Event Announcement - San Francisco Hard Assets Investment C... |
02/10/2007 | Announces Strategic Exploration Plans |
21/09/2007 | Completes Due Diligence At Capcapo, N. Philippines |
13/09/2007 | The Denver Resource Expo |
07/09/2007 | Announces Exercise Of Over-Allotment Option Gross Proceeds O... |
27/08/2007 | Recent $25 Million Prospectus Offering Deposited In TD Bank.... |
10/08/2007 | $25,000,000 Prospectus Offering Closes |
08/08/2007 | $25,000,000 Prospectus Offering — Receipt Issued for A... |
02/08/2007 | $25 Million Prospectus Offering Amended Terms |
25/07/2007 | $25,000,000 Short Form Financing |
11/07/2007 | Repays US$2 Million Debt Facility With Macquarie Bank |
03/07/2007 | s' Announces Pricing of $25,000,000 Prospectus Offering |
27/06/2007 | Board Approves Shareholder Rights Plan |
04/05/2007 | Announces Board and Management Changes |
Publication de commentaires terminée |
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