RMM.L Share News (RMM)

RMM.L Information

There is currently no data for RMM

Rambler Metals jumps after completing pre-feasibility study on Canadian mine

Mon, 20th Jul 2015 11:41

(ShareCast News) - Mining and exploration group Rambler Metals has completed a pre-feasibility assessment at its Ming copper-gold mine in Canada.The study, which is aimed at integrating the mineral resource in the lower "footwall zone" into the mine plan, will allow the company to optimise the existing infrastructure, thus allowing the site to run at full capacity by 2018.In a statement released on Monday, the company said the assessment showed a strong internal rate of return and significant cash flow under reasonable commodity price assumptions and opportunities for future improvements.Rambler said the study will allow it to increase production from the current 650 metric tonnes of massive sulphide ore per day to 850 metric tonnes per day in 2016, increasing to 1,180 in 2017 and onto 1,250 by 2018.The feasibility study has shown the project to be worth CA$62.1m (£30.7m) with an internal return rate of 45%, adding it will invest CA$66m in developing the lower footwall zone.The group said it has CA$8.4m shortfall in working capital in the first 12 months of development of the lower footwall zone and it is now aiming to secure financing partners to source the CA$25m it needs to "strengthen the working capital shortfall"."The company has been advancing discussions with a selection of financing partners, focusing on debt type financing arrangements," it said in a statement."This main project financing is intended to mainly cover working capital shortfalls as the company progresses its optimisation plan."Rambler shares were up 5.13% to 10.25p at 1120 BST on Monday.

More News

29 Aug 2018 11:52

Rambler Metals Interim Loss Widens On Higher Costs, Exchange Rates

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said its loss widened in the first half of 2018, hurt by higher production costs and currency exchange movements.The in

29 Aug 2018 10:06

Second quarter losses widen at Rambler Metals

(Sharecast News) - Copper and gold producer Rambler Metals and Mining issued its results for the quarter ended 30 June on Wednesday, reporting a rise in revenue to $8.1m for the second quarter, up from $6.9m in the same period last year.

31 Jul 2018 12:45

Rambler Metals & Mining Reports Higher Gold Output In Canada

LONDON (Alliance News) - Rambler Metals & Mining PLC reported on Tuesday a significant increase in interim gold output, while it also produced a record quarterly volume of ore.For the a

1 Jun 2018 11:49

Rambler Metals & Mining Issues Shares After Warrants Exercise (ALLISS)

LONDON (Alliance News) - Copper and gold miner Rambler Metals & Mining PLC said Friday it has issued 65.0 million shares following the exercise of warrants by CE Mining II Rambler Ltd at a of

30 May 2018 15:28

Rambler Metals & Mining First Quarter Loss Widens, Revenue Up 9%

LONDON (Alliance News) - Rambler Metals & Mining PLC said Wednesday its first quarter loss deepened year-on-year on higher net financing expenses.For the first quarter to March end, the

25 May 2018 16:58

Rambler Metals Closes First GBP1.3M Tranche Of Share Placement (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC said Friday that it has closed the first tranche of the previously announced private share placement of 44.4 million shares with Lombard 25

22 May 2018 15:03

Rambler Metals & Mining To Raise GBP2.2 Million In Share Placing (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC said it plans to raise GBP2.2 million through a share placing.The company said it will issue 44.4 million new shares at 5.00 pence

6 Feb 2017 17:57

Rambler Issues 135 Million Shares To CE Mining, Upping CE Stake To 72%(ALLISS)

24 Nov 2016 16:12

UK Shareholder Meetings Calendar - Next 7 Days

24 Oct 2016 08:51

Rambler Metals & Mining reduces costs, meets production target in FY

(ShareCast News) - AIM-listed copper and gold explorer Rambler Metals & Mining during the year, met its targeted production amount while it reduced cash costs at its Canadian mine. For the year ended 31 July, earnings before interest, taxes, depreciation, amortisation (EBITDA) was $6.1m up from $1.8

19 Jul 2016 12:35

Latest Share Chat

RMM.L Share News (RMM)

Rambler Metals jumps after completing pre-feasibility study on Canadian mine

Rambler Metals Interim Loss Widens On Higher Costs, Exchange Rates

Second quarter losses widen at Rambler Metals

Rambler Metals & Mining Reports Higher Gold Output In Canada

Rambler Metals & Mining Issues Shares After Warrants Exercise (ALLISS)

Rambler Metals & Mining First Quarter Loss Widens, Revenue Up 9%

Rambler Metals Closes First GBP1.3M Tranche Of Share Placement (ALLISS)

Rambler Metals & Mining To Raise GBP2.2 Million In Share Placing (ALLISS)

Rambler Issues 135 Million Shares To CE Mining, Upping CE Stake To 72%(ALLISS)

UK Shareholder Meetings Calendar - Next 7 Days

Rambler Metals & Mining reduces costs, meets production target in FY

DIRECTOR DEALINGS: Rambler Metals Non-Executive Buys 3 Million Shares

Rambler Metals Offsets Copper Price Fall With Production Ramp Up

Rambler Metals & Mining Third Quarter Production Grows

Rambler Metals & Mining Hires WSP Canada For Hammerdown Mine

Rambler Metals & Mining Completes 13th Goodyear's Cove Shipment

Latest Share Chat

RMM.L Share News (RMM)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rambler Metals jumps after completing pre-feasibility study on Canadian mine

Login to your account

Quickpicks are a member only feature

Login to your account