SOURCE: Auplata


December 03, 2013 06:22 ET

Auplata: Update on New Industrial and Strategic Developments

REMIRE-MONTJOLY, FRANCE--(Marketwired - Dec 3, 2013) - Auplata, the first gold producer in French Guiana (EURONEXT PARIS: ALAUP) (ISIN: FR0010397760) is pleased to announce its new industrial and strategic developments.

  • Filing an administrative request for implementation of the cyanidation process for the Dieu Merci gold mine

Auplata announced that it has filed an administrative request to the French authorities for the implementation of an industrial unit of gold cyanidation for its Dieu Merci gold mine.

This unit, with a design capacity of 300 tons per day, will retreat the tailings accumulated during previous gravimetric operation of the concentrator. The tailings are stored in six ponds, it is planned to treat at first around 500 000 t coming from ponds 1 and 2. The leaching will be done in controlled reactors and state of the art technologies will be implemented to ensure efficient effluent treatment.

While respecting the environment, the use of the cyanidation process will improve the profitability and the efficiency of gold mining in French Guiana, and will make it less dependent on the fluctuations in the price of gold.

Jean-François Fourt, Chairman, declares: "The filing of this administrative request for cyanide treatment on to the Dieu Merci mine site is a major strategic step for Auplata, and more broadly for the gold industry in French Guiana.

We gradually change the business model of Auplata and allow our canadian subsidiary, and international partners, to benefit from our experience of French Guiana.

"In this prospect Auplata is looking for major mining partners to develop its outstanding mining properties in French Guiana."

About Auplata
Auplata is the first gold producer in French Guiana. Founded in July 2004, Auplata operates two gold mines, Dieu Merci and Yaou. In total, Auplata has mining permits and licenses covering over 700 sq km.

Auplata follows an innovative business and financial strategy, aimed at developing and exploiting French Guiana's gold resources through close collaboration with local players. The company's aim is to offer a sustainable alternative for the French Guiana gold-mining industry.

Since June 2011, Auplata is also the largest shareholder of Columbus Gold Corporation, a Canadian gold exploration company listed on Toronto Stock Exchange (Canada).

Auplata is listed on NYSE Alternext Paris by NYSE Euronext. Auplata's share capital is made up of 25,700,388 shares. ISIN: FR0010397760 - ALAUP; ICB: 1777 - Gold Mining.

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Contact Information

  • Contacts:
    Mathieu Omnes
    Investor relations
    + 33 (0)1 72 74 81 87

    Nicolas Bouchez
    Press relations
    + 33 (0)1 77 35 04 37