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Rambler's loss still expands as production at highest level since 2015

Wed, 21st Nov 2018 11:25

(Sharecast News) - Rambler Metals & Mining reported on Wednesday that it its third quarter loss expanded even as production reached its highest level since the fourth quarter of 2015.For the three months ended 30 September the copper and gold producer scored a loss before tax of $3.1m, up 63% from the same point last year but down from $4.5m from the second quarter, as saleable copper production reached 1,266 tonnes.The company's Ming copper and gold mine project has also seen its development rate rise by 26% since the start of a productivity improvement project in early June, with the average daily ore production rate up from 1000 wet metric tonnes per day to 1300 wmt/d.Norman Williams, president and chief executive, said: "The company commenced a productivity improvement initiative in the mine. The twenty-four-week initiative is focused on productivity and efficiency improvements in three main areas: mine planning, mine operations and mine mobile equipment maintenance. The commitment of the project is to return the mine to profitability and positive cash flow."The ramping up of operations led to a $0.6m increase in G&A costs but revenue of $9m constituted an 11% increase over the second quarter and a 23% increase over the prior year.The AIM traded miner had cash and cash equivalents of $0.9m at the end of the third quarter, down from $3.4m at the same point last year."With this improved mine performance, the addition of high-grade mill feed from the successful drilling in the Ming North Zone (development of which has begun), and higher grades coming on line as we move deeper in the Lower Footwall Zone, we are setting up well for a stronger financial performance in 2019," said Williams.Rambler's shares were unchanged at 2.95p at 1149 GMT.
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3 May 2019 14:49

Rambler Metals upbeat after a record year for throughput

(Sharecast News) - Copper and gold producer, explorer, and developer Rambler Metals and Mining announced on Friday that for the fiscal year ended 31 December, it achieved record throughput by processing 364,176 tonnes of ore from the Ming Mine through the Nugget Pond copper and gold milling facility.

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3 May 2019 11:37

Rambler Metals Shares Jump 26% As Reports "Banner Year" At Ming Mine

LONDON (Alliance News) - Rambler Metals & Mining PLC on Friday reported a record year of throughput at the Ming mine in the Canadian province of Newfoundland & Labrador.Shares were

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15 Apr 2019 14:19

Rambler Metals & Mining Raises Over GBP500,000 In Open Offer (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC on Monday said it has received acceptances for less than half of shares in an open offer.The company has received valid acceptances

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3 Apr 2019 16:12

Rambler Metals Hires Another Mandalay Resources Executive As CEO

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said Andre Booyze will replace Norman Williams as chief executive with immediate effect.The company, which owns the in

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28 Mar 2019 14:14

Rambler Metals & Mining To Raise Further GBP1.7 Million Via Open Offer (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC said Thursday that it will raise a further GBP1.7 million via a discounted share open offer.The company, which owns the Ming mine in

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6 Mar 2019 11:57

Rambler Metals names Sanjay Swarup as CFO

(Sharecast News) - Mining and development company Rambler Metals and Mining appointed Sanjay Swarup to the position of chief financial officer on Wednesday, effective immediately.

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6 Mar 2019 10:20

Rambler Metals & Mining Appoints New Chief Financial Officer

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said it has appointed Sanjay Swarup to the position of chief financial officer with immediate effect.Rambler shares 13%

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1 Mar 2019 18:20

Rambler Raises USD11 Million Through Private Placing To Repay Loan (ALLISS)

LONDON (Alliance News) - Mining & development company Rambler Metals & Mining PLC said it raised USD11 million from the issue of 599.8 million share at USD0.018 per share.Shares in

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15 Jan 2019 14:37

Rambler Metals & Mining Gets Loan From Major Shareholder (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC said Tuesday subsidiary Rambler Metals & Mining Canada Ltd has entered into a loan agreement with CE Mining III Rambler Ltd for USD1.0

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7 Jan 2019 10:41

Rambler Metals & Mining To Delist From Toronto Stock Exchange (ALLISS)

LONDON (Alliance News) - Rambler Metals & Mining PLC said Monday it has voluntarily applied to delist from the Toronto Stock Exchange.The Canadian miner said it will remain listed on of

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26 Nov 2018 18:43

Rambler Metals & Mining Enters USD2 Million Subscription Agreement

LONDON (Alliance News) - Rambler Metals & Mining PLC said Monday it has entered in to a definitive subscription agreement with CE Mining III Rambler Ltd for USD2 million.Shares in &

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21 Nov 2018 12:24

Rambler Metals & Mining Quarterly Loss Widens, Copper Production Up

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said its copper production rose in the third quarter of 2018, but loss widened on higher expenses.The Canada-focused to

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24 Oct 2018 11:39

Rambler Metals & Mining Sees Third-Quarter Production Rise

LONDON (Alliance News) - Copper and gold producer Rambler Metals & Mining PLC said on Wednesday it achieved a rise in production in the third quarter of 2018, particularly in copper through an

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1 Oct 2018 11:08

Rambler Metals Finds "Tremendous Opportunity" At Ming Mine

LONDON (Alliance News) - Rambler Metals & Mining PLC said Monday its latest underground diamond drilling at its Ming copper-gold mine in eastern Canada returned some of the mineralisation and

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