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Aureus Mining forced to halt mining operations in Liberia for a few days

Tue, 20th Oct 2015 09:38

(ShareCast News) - Shares in Aureus Mining plunged over 12% early on Tuesday, after the gold explorer revealed it had to temporarily suspend production at one of its mine in Liberia.The London-listed group said a mechanical fault with one of its crushers forced it to halt operations at its New Liberty gold mine, which had only begun production in September this year.However, Aureus said it has mobilised a temporary crusher and expects to lose only a "few days" of gold production, adding the crusher should be fixed by the end of the month."Though this is a challenging development during what are the early stages of the ramp up of the New Liberty gold mine to commercial production, we believe that the installation of a temporary solution whilst the secondary crusher is being repaired will result in only a few days of lost gold production," said group president and chief executive David Reading.Last month, a shortage of dynamite momentarily hindered initial operations at the same mine.Aureus Mining shares were down 11.22% to 18.20p at 0953 BST on Tuesday.
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Aureus Mining raises $72m to fund transition

(ShareCast News) - Aureus Mining announced on Friday that it has conditionally raised approximately $72m via an equity fundraising to finance its transition to an owner-operator mining model, repay amounts due to Nedbank and FirstRand Bank, and to strengthen its balance sheet. The AIM-traded firm sa

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8 Aug 2016 11:58

Aureus Mining battles mechanical issues and needs further funding

(ShareCast News) - Gold production at Aureus Mining has continued to be hindered by breakdowns, mechanical issues and low equipment availability at the processing plant at its New Liberty mine in Liberia and with just $4.2m cash left at the end of the second quarter new management admitted the compa

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8 Aug 2016 09:47

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15 Jul 2016 17:47

Aureus Mining Closes Tranche 2 Of Equity Financing With MNG (ALLISS)

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23 Jun 2016 07:30

Aureus Gets Approval To Restart Processing Operations At New Liberty

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21 Jun 2016 08:17

Aureus Mining Closes Tranche 1 With MNG After Raising USD15M (ALLISS)

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16 Jun 2016 15:12

UK Shareholder Meetings Calendar - Next 7 Days

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15 Jun 2016 15:26

Aureus Mining secures $30m equity financing

(ShareCast News) - Aureus Mining has secured equity financing of $30m with MNG Gold Jersey, which it said will strengthen the balance sheet and fund working capital as it completes the restart of the processing plant at the New Liberty gold mine in Liberia. The $30m equity investment at 3.21p per sh

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15 Jun 2016 09:48

WINNERS & LOSERS SUMMARY: Poundland Rises On Steinhoff Bid Interest

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15 Jun 2016 06:53

MNG Gold Takes 55% Stake And Assumes Leadership Of Aureus Mining (ALLISS)

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9 Jun 2016 09:29

Aureus Plant Still Suspended As Company Searches For More Funds

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1 Jun 2016 14:08

Aureus Mining wins more time at New Liberty

(ShareCast News) - West African gold producer Aureus Mining announced a fresh deferral to its debt repayments on Wednesday, allowing it more time to get its gold processing plant running. The AIM and TSX-traded firm said it has received approval from Nedbank, Rand Merchant Bank and the Export Credit

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1 Jun 2016 07:40

Aureus Mining Defers Debt Repayment Again To End Of June

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23 May 2016 07:05

Aureus Mining Hopes To Restart New Liberty Plant Within Two Weeks

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13 May 2016 09:38

WINNERS & LOSERS SUMMARY: Inmarsat Bruised By Eutelsat Read-Across

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