SOURCE: Rambler Metals & Mining Plc

December 09, 2014 02:00 ET

Rambler Metals & Mining PLC Unaudited Consolidated Financial Information for the Quarter Ended October 31, 2014

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Dec 9, 2014) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

Rambler Metals and Mining PLC (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company') today announces its unaudited Financial Results and operations highlights for the quarter ended October 31, 2014.

 
Key Financial Highlights (CAD$, 000's):
 
    Q1 2015   Q1 2014   Q4 2014
Revenue   12,298   16,745   15,050
Profit before tax   465   5,264   3,407
Earnings per share   0.002   0.026   0.014
             

Financial Highlights

  • A total of 5,134 dry metric tonnes ('dmt') (Q4'14 - 5,909 dmt) of concentrate was provisionally invoiced during the period at an average price of $3.44 (Q4'14 - $3.40) per pound copper, $1,387 (Q4'14 - $1,405) per ounce gold and $20.42 (Q4'14 - $21.79) per ounce silver, generating $12.6 million in revenue.

  • During the quarter the Group agreed to final weights and assays on one concentrate shipment with its off-take partner resulting in a $0.3 million decrease in revenue bringing net revenue for the quarter to $12.3 million.

  • The net profit after tax for Q1/15 was $276,000 or $0.002 per share which compares with $1,974,000 or $0.014 per share for Q4/14 and $3,708,000 or $0.026 per share for Q1/14. The reduction in profits is due to the fall in accountable copper metal resulting largely from lower copper head grade in the quarter.

  • Earnings before interest, taxes, depreciation, amortisation ("EBITDA") was $3,652,000 for the three months ended October 31, 2014 compared to $7,798,000 in Q4/14 and $8,597,000 in Q1/14.

  • Cash resources as at December 9, 2014 were $8.8 million.

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

http://www.rns-pdf.londonstockexchange.com/rns/1912Z_1-2014-12-9.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
    Vice President, 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