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Production Update

14 Jan 2010 12:11

RNS Number : 5616F

GMA Resources PLC

14 January 2010

(AIM: GMA)

14 January 2010

GMA Resources plc

("GMA" or the "Company")

Production Update for December 2009

GMA announces that in December 2009, the Amesmessa gold mine in Algeria produced 1,704 ounces of gold and372 ounces of silver. The mine produced a total of 32,691 ounces of gold in 2009 compared with 21,156 ounces in 2008. ENOR gold sales for the year totalled 33,992 ounces (including a small inventory from 2008), at an average selling price of USD$959.63 per ounce.

From January 2010 onwards production updates will be made quarterly. In addition, the Company intends to announce details of its exploration plans as the programme develops during 2010.

Douglas Perkins, Chief Executive of GMA, commented:

"Significant steps are being taken to address the continuing underperformance of the mine at Amesmessa; details of these steps will be announced in the coming months."

ENQUIRIES:

GMA Resources Plc

Douglas Perkins

+1 514 806 6788

Merchant John East Securities Limited

Bidhi Bhoma

+44 (0) 20 7628 2200

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFLFLIISLII

Date		Source	Headline
9th Mar 2009	7:00 am	RNS	Production Update
6th Feb 2009	1:43 pm	RNS	Production Update
30th Jan 2009	2:40 pm	RNS	Holding(s) in Company
30th Jan 2009	7:00 am	RNS	Total Voting Rights
28th Jan 2009	9:07 am	RNS	Holding(s) in Company
22nd Jan 2009	10:54 am	RNS	Result of EGM
8th Jan 2009	7:00 am	RNS	Production Update
29th Dec 2008	11:00 am	RNS	Placing to raise ?1.39 million
5th Dec 2008	9:33 am	RNS	Change of Adviser
27th Nov 2008	11:00 am	RNS	Holding(s) in Company
17th Nov 2008	11:19 am	RNS	Trading Update
3rd Nov 2008	10:00 am	RNS	Operations Update
21st Oct 2008	7:00 am	RNS	Operations Update
7th Oct 2008	2:53 pm	RNS	Production and Trading Update
23rd Sep 2008	9:47 am	RNS	Interim Results
20th Aug 2008	9:25 am	RNS	Stock Option Changes
20th Aug 2008	9:24 am	RNS	Production Update
31st Jul 2008	7:00 am	RNS	Total Voting Rights
25th Jul 2008	1:47 pm	RNS	Result of AGM
15th Jul 2008	10:12 am	RNS	Issue of Equity
20th Jun 2008	7:00 am	RNS	Final Results
16th Jun 2008	2:00 pm	RNS	Production and Trading Update
4th Jun 2008	12:24 pm	RNS	Holding(s) in Company
10th Apr 2008	7:00 am	RNS	Production Update - Amesmessa
19th Mar 2008	9:40 am	RNS	Change of Registered Office
10th Mar 2008	1:15 pm	RNS	Notification of Shareholding
7th Mar 2008	11:54 am	RNS	First Production Report
19th Feb 2008	3:38 pm	RNS	Board and Management Changes
28th Jan 2008	4:47 pm	RNS	First Gold Pour at Amesmessa
28th Jan 2008	2:53 pm	RNS	First Gold Pour - Replacement
28th Jan 2008	1:17 pm	RNS	First Gold Pour at Amesmessa
7th Jan 2008	7:00 am	RNS	Commencement of Leaching
21st Dec 2007	11:03 am	RNS	Issue of Stock Options
22nd Nov 2007	12:34 pm	RNS	Wins Pioneering Award
21st Nov 2007	5:13 pm	RNS	Holding(s) in Company
13th Nov 2007	4:17 pm	RNS	Deputy Chairman Appointment
6th Nov 2007	12:19 pm	RNS	Commencement of Crushing
5th Nov 2007	9:48 am	RNS	Holding(s) in Company
27th Sep 2007	7:03 am	RNS	Directors Share Options
26th Sep 2007	5:37 pm	RNS	Interim Results
17th Aug 2007	6:16 pm	RNS	Change of Adviser
17th Aug 2007	5:31 pm	RNS	Aim Rule 26 Compliance
27th Jul 2007	11:27 am	RNS	Non-exec Director Appointed
20th Jul 2007	12:02 pm	RNS	AGM Statement
20th Jul 2007	7:00 am	RNS	Construction Update
27th Jun 2007	7:00 am	RNS	Annual Report and Accounts
8th Jun 2007	2:52 pm	RNS	Holding in Company
7th Jun 2007	9:10 am	RNS	ENOR Board Changes
24th May 2007	7:02 am	RNS	Convertible Loan Stock Issue
5th Apr 2007	11:42 am	RNS	Secondary Broker Appointment

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