First Gold at Gold Ridge (Solomon Islands) (5374C)
09 3월 2011 - 4:00PM
UK Regulatory
TIDMAGLD
RNS Number : 5374C
Allied Gold Limited
09 March 2011
FOR IMMEDIATE RELEASE 9 March 2011
allied gold limited
("the Company")
"This press release is not for dissemination in the USA and
shall not be disseminated to USA news services"
FIRST GOLD AT GOLD RIDGE (SOLOMON ISLANDS)
120,000 ozpa mine lifts Allied output to approx 200,000 ozpa
Allied Gold Limited is pleased to advise its 100%-owned
120,000ozpa Gold Ridge gold mine on Guadalcanal in the Solomon
Islands has poured its first gold under Allied ownership.
First gold was achieved within a year of Allied taking control
of the project and investing $150 million to refurbish and
redevelop the mine.
Comment by Executive Chairman Mark Caruso: "This is a
significant achievement for Allied Gold, for the dedicated
construction and operating teams who have delivered the project on
budget and ahead of time we extend our thanks to the Landowners and
Government people of the Solomon Islands. This sends a very clear
signal the Solomons is open for business and what can be achieved
through co-operation and goodwill. We have taken the first steps at
Gold Ridge, and much more needs to be achieved for the landowners
and the country, but it is a start."
Allied Gold acquired Gold Ridge in 2009-10 through the takeover
of Toronto-listed Australian Solomons Gold. Allied also operates
the Simberi gold mine in Papua New Guinea. Simberi is currently
being expanded to 100,000 ounces per annum.
Ramp up commissioning activities at Gold Ridge are expected to
continue for a number of weeks.
Gold Ridge employs approximately 550 people in mining and
operational roles with 85% drawn from the Solomon Islands. Allied
is also meeting its commitments to relocate or re-house 1900 local
people and one third of the way through a programme to build 300
houses.
Exploration activity in the 900-island chain of Solomon Islands
has in recent years been modest. However, major gold producers such
as Newmont have exploration programmes to the north-east of Gold
Ridge and Allied will undertake regional exploration activity on
Guadalcanal in 2011-112.
An official re-opening ceremony will be held at Gold Ridge in
two weeks time with Solomon Island government representatives and
community leaders.
For more details, please contact:
Simon Jemison Investor Relations & Media +61 418 853 922
Rebecca Greco Investor Relations, North America +1 416 839
8610
David Simonson c/. Merlin PR +44 20 7726 8400
Beaumont Cornish Limited
Roland Cornish
Beaumont Cornish Limited
T: +44 (0) 20 7628 3396
ABOUT ALLIED GOLD
Allied Gold is an emerging 200,000 ounce per annum gold producer
with production and exploration assets in Papua New Guinea and the
Solomon Islands approximately 3 hours by plane from Brisbane,
Australia. The company's 100%-owned Simberi gold mine is 85
kilometres from Lihir Island in the Tabar Islands group in Papua
New Guinea. Simberi commenced gold production in 2008, produced
64,000 ounces in 2009-10 and its process plant is being expanded to
a throughput of 3.5 Mtpa to produce 100,000 ounces per annum by
late 2011. Allied Gold acquired Gold Ridge in the Solomon Islands
in late 2009 when it acquired Toronto-listed Australian Solomons
Gold. Allied has invested $150 million to refurbish and redevelop
Gold Ridge which is expected to produce an average 120,000 ounces
per annum for a minimum ten years. Allied Gold Limited is listed on
the ASX, TSX and the London AIM exchanges.
Forward-Looking Statements
This press release contains forward-looking statements
concerning the projects owned by Allied Gold. Statements concerning
mineral reserves and resources may also be deemed to be
forward-looking statements in that they involve estimates, based on
certain assumptions, of the mineralisation that will be found if
and when a deposit is developed and mined. Forward-looking
statements are not statements of historical fact, and actual events
or results may differ materially from those described in the
forward-looking statements, as the result of a variety of risks,
uncertainties and other factors, involved in the mining industry
generally and the particular properties in which Allied has an
interest, such as fluctuation in gold prices; uncertainties
involved in interpreting drilling results and other tests; the
uncertainty of financial projections and cost estimates; the
possibility of cost overruns, accidents, strikes, delays and other
problems in development projects, the uncertain availability of
financing and uncertainties as to terms of any financings
completed; uncertainties relating to environmental risks and
government approvals, and possible political instability or changes
in government policy in jurisdictions in which properties are
located. Forward-looking statements are based on management's
beliefs, opinions and estimates as of the date they are made, and
no obligation is assumed to update forward-looking statements if
these beliefs, opinions or estimates should change or to reflect
other future developments.
Not an offer of securities or solicitation of a proxy
This communication is not a solicitation of a proxy from any
security holder of Allied Gold, nor is this communication an offer
to purchase or a solicitation to sell securities. Any offer will be
made only through an information circular or proxy statement or
similar document. Investors and security holders are strongly
advised to read such document regarding the proposed business
combination referred to in this communication, if and when such
document is filed and becomes available, because it will contain
important information. Any such document would be filed by Allied
Gold with the Australian Securities and Investments Commission, the
Australian Stock Exchange and with the U.S. Securities and Exchange
Commission (SEC)
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWRURAUAORAR
Allied Gold (LSE:AGLD)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Allied Gold (LSE:AGLD)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024