SOURCE: Rambler Metals & Mining Plc

November 27, 2014 02:00 ET

Rambler Metals & Mining PLC: First Quarter 2015 Production Results

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Nov 27, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for its first quarter, ending 31 October 2014 ('Q1 2015').

HIGHLIGHTS IN THE QUARTER:

  • Q1 2015 results were within the guidance for the fiscal year and the Company remains on target to meet its annual production forecast.

  • Dry tonnes milled of 58,546 tonnes, representing a 5 per cent increase on Q1 2014 results and a 2 per cent decrease on Q4 2014. This resulted in the production of:

    • 1,447 tonnes of copper; 1,464 ounces of gold; 10,781 ounces of silver

  • Production of 5,072 tonnes of copper concentrate representing a 15 per cent decrease over Q4 2014.

  • Head grades, for the quarter of copper averaged 2.79 per cent; gold at 1.26 grammes per tonne; silver at 9.12 grammes per tonne.

  • Recoveries to concentrate for copper 97.1 per cent, gold 69.2 per cent and silver 73.0 per cent for the quarter. All meeting or exceeding the communicated guidance.

  • Concentrate grade of 28.52 per cent, 8.98 grammes per tonne and 66.11 grammes per tonne for copper, gold and silver respectively.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/1496Y_1-2014-11-27.pdf

Contact Information

  • For further information, please contact:

    Norman Williams, CA
    President and CEO
    Rambler Metals & Mining Plc
    Tel No: 709-800-1929
    Fax No: 709-800-1921

    Peter Mercer
    Corporate Secretary
    Rambler Metals & Mining Plc
    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
    Blytheweigh
    Tel No: +44 (0) 20 7138 3204

    Website: www.ramblermines.com