SOURCE: Rambler Metals & Mining Plc

February 19, 2014 02:00 ET

Rambler Metals & Mining PLC Announces Second Quarter 2014 Operating Results

LONDON, UNITED KINGDOM and BAIE VERTE, NEWFOUNDLAND and LABRADOR, CANADA--(Marketwired - Feb 19, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (LSE: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for its fiscal second quarter ending 31 January 2014.

HIGHLIGHTS IN THE QUARTER:

  • Production of 6,818 tonnes of copper concentrate representing a 3 per cent increase over the previous quarter and a 71 per cent increase over the same period in fiscal 2013.


  • Dry tonnes milled of 50,957 tonnes representing an 8 per cent decrease over the previous quarter and a 10 per cent increase over the same period in fiscal 2013, resulting in the production of:


    • 1,978 tonnes of Copper (1 per cent increase from the previous quarter)


    • 1,551 ounces of Gold (6 per cent decrease from the previous quarter)


    • 10,764 ounces of Silver (9 per cent decrease from the previous quarter)


  • Head grades of Copper 4.00 per cent, Gold 1.43 grammes per tonne and Silver 8.89 grammes per tonne with recoveries to concentrate for Copper 97 per cent, Gold 69 per cent and Silver 82 per cent.


  • Concentrate grade for Copper 29.0 per cent, Gold 7.1 grammes per tonne and Silver 49.1 grammes per tonne.

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This information is provided by RNS
The company news service from the London Stock Exchange

Contact Information

  • For further information, please contact:

    Peter Mercer
    Vice President and Corporate Secretary
    Rambler Metals and Mining
    Tel No: 709-800-1929
    Fax No: 709-800-1921

    Rambler Metals & Mining Plc
    Corporate Office
    Tel No: +44 (0) 20 8652-2700
    Fax No: +44 (0) 20 8652-2719

    Stewart Dickson / Jeremy Stephenson
    Cantor Fitzgerald Europe
    Tel No: +44 (0) 20 7894 7000

    Tim Blythe/Halimah Hussain
    Blythe Weigh Communications
    Tel No: +44 (0) 20 7138 3204

    Guy Wilkes
    Ocean Equities Limited
    Tel No: +44 (0) 20-7786-4370

    Website: www.ramblermines.com