| Royalty Update: Kestrel | |
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Anglo Pacific Group PLC ('Anglo Pacific', or the 'Company') (LSE: APF, TSX: APY), the London and Toronto listed royalty company, is pleased to provide an update on Kestrel, the Company's primary royalty asset.
Production rates at the Kestrel mine have improved following a panel change out during Q4 2014. Kestrel production during Q2 2015 totalled 1.118 mt (Q2 2014: 0.72 mt) and during H1 2015 totalled 2.252 mt (H1 2014: 1.59 mt). Kestrel production within the Anglo Pacific royalty area during H1 2015 was 22%, and in line with the Company's previous guidance of 20% to 25%.
In accordance with Anglo Pacific's Kestrel information rights, Rio Tinto has provided updated tonnage sales forecasts which confirms that the second half of this year is in line with, or slightly above the Company's previous guidance of 70% to 75% of production within Anglo Pacific's royalty area. Full year 2016 guidance of 60% to 65% of Kestrel production within the Company's royalty area remains unchanged.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
'The first two quarters of 2015 have been encouraging for Anglo Pacific with revenues from the Company's Kestrel royalty continuing to perform in line with our expectations. Kestrel production within the Company's royalty area remains on track to increase significantly in the second half of 2015, and will further underpin Anglo Pacific's dividend.'
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Anglo Pacific Group plc
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PRODUCTEUR |
CODE : APF.L |
ISIN : GB0006449366 |
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Anglo Pacific est une société basée au Royaume-Uni. Anglo Pacific est productrice de fer au Bresil, et détient divers projets d'exploration au Bresil. Son principal projet en production est AMAPA au Bresil. Anglo Pacific est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,7 milliards GBX (31,9 milliards US$, 32,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 septembre 2001 à 10,02 GBX, et son plus haut niveau récent le 05 octobre 2022 à 157,00 GBX. Anglo Pacific possède 169 942 000 actions en circulation. |