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Trading Statement

23 Jan 2015 09:17

RNS Number : 9808C
Frontier Mining Ltd
23 January 2015
 



 

FRONTIER MINING LTD

("Frontier" or "the Company")

 

Operations and Corporate Update

 

Frontier Mining Limited (AIM:FML), the AIM listed copper production, exploration and development company focused on Kazakhstan, announces that operations at the Benkala copper mine were closed for the winter months on 18 January 2015. A total of 1,276 tonnes of copper cathode was sold in the 12 month period to 31 December 2014. Lower levels of production in the latter part of last year have meant that copper sales have been unsufficient to cover production costs.

 

The winter closing allows the Company, which continues to be cash constrained, to conserve capital as discussions continue with various parties to enter into a partnership agreement with Frontier for its Benkala project. During 2015, Frontier plans to restructure its existing debt facilities and secure a new investor to enable the Company to increase copper cathode production levels at Benkala.

 

-ENDS-

 

Frontier Mining Ltd

Yerlan Minavar

Tel: +44 20 7898 9019

 

Nomad

Cairn Financial Advisers LLP

Sandy Jamieson

Tel: +44 20 7148 7900

 

Broker

RFC Ambrian

John Harrison

Stefan Murphy

 

Tel: +44 20 3440 6800

Walbrook PR and IR

Paul Cornelius

Tel: +44 20 7933 8780

Guy McDougall

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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