Rambler Metals and Mining PLC: Second Quarter & Interim Financial Results
BAIE VERTE, NEWFOUNDLAND--(Marketwired - Mar 19, 2015) - Rambler Metals and Mining PLC (
TSX-V: RAB; LSE: RMM
19 March 2015
Financial Results for the Second Quarter & Interim Six Months Ended 31 January 2015
London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining PLC (TSX-V: RAB; LSE: RMM) ('Rambler' or the 'Company') today announces its unaudited financial results for the three months and the interim period of six months ended January 31, 2015. These results reflect the operational highlights of the second quarter of FY2015 announced on February 23, 2015.
Rambler's principal activity is the development, mining and exploration of the Ming Copper-Gold Mine ('Ming Mine') in Newfoundland and Labrador and the exploration and development of other properties located in Atlantic Canada.
The Chairman, George Ogilvie, comments:
"This is the first quarter where Rambler has reported a loss since commercial production began in 2012. Operationally, it was a challenging quarter and the Board notes that the dip in copper price has impacted copper producers globally, with measures being taken to reduce costs industry wide.
"As announced on January 30, 2015, the Company implemented a Revised Mine Plan at the Ming Mine which has optimised operating costs and we remain confident that we will achieve concentrate production results within guidance of 20,000 to 24,000 tonnes for the 2015 fiscal year."
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