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Aureus Mining Defers Debt Repayment Again To End Of June

Wed, 01st Jun 2016 07:40

LONDON (Alliance News) - Aureus Mining Inc on Wednesday said it has received approval from its creditors to defer its first debt repayment to the end of June.

The first repayment had been due at the end of May, having already been deferred from the end of April.

Aureus said mining operations at the New Liberty gold mine in Liberia continue, and the group is making progress towards a controlled start-up of the gold processing plant at the project.

A further announcement on the start of processing operations at New Liberty is due to be made in coming days, it added.

Aureus shares were up 1.4% to 3.17 pence Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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28 Jan 2013 07:35

Aureus cuts costs at Liberian gold project

AIM-listed gold miner Aureus Mining said that both the capital and operating costs at its New Liberty Project in Liberia have reduced as a result of the metallurgical optimisation test work programme. The company said that the test work has shown "encouraging results" with improved leach kinetics i

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