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Investegate |GEM Capital Holdings Announcements | GEM Capital Holdings: Offer Declared Unconditional In All Respects
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Investegate |Volga Gas PLC Announcements | Volga Gas PLC: Acceptance of Offer by Directors of Volga Gas PLC
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Issue of Equity
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Issue of Equity
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE WITHIN THIS ANNOUNCEMENT.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of
Gold production during the period was 20,622 oz. Overall, a total of 155,859 t of ore grading 4.5 g/t was mined from underground in Q4 compared with 156,391 t of ore grading 4.5 g/t in Q3. A further 44,691 t ore grading 1.4 g/t was mined from open pits in Q4 compared with 38,792 t of ore grading 2.16 g/t in Q3. 181,425 t of ore was milled during the period (Q3: 181,036 t). The ROM stockpile at the end of Q4 was 154,577 t of ore grading 1.31 g/t (up from 120,511 t grading 1.45 g/t at the end of Q3). Average recoveries of 90.4% were achieved in the plant during the period (Q3: 89.4%). Installation and commissioning of a 2 tonne per day Oxygen Plant at NLGM was completed in the Period and is expected to improve future recoveries.