Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Regulatory News (RRR)

Share Price Information for Red Rock Resources (RRR)

Share Price is delayed by 15 minutes
Get Live Data
0.0245    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.003 (13.043%)
Market Cap: £2.35m
RRR Live PriceLast checked at - London Stock Exchange

Intraday Red Rock Resources Share Chart

Update - Colombia

2 May 2014 13:15

RNS Number : 2078G
Red Rock Resources plc
02 May 2014
 



Red Rock Resources Plc

("Red Rock" or the "Company")

Update - Colombia

2 May 2014

 

Red Rock Resources plc, the mining and exploration company with gold interests in Colombia, Kenya, and Ivory Coast, announces a quarterly update for the three months to 31 March 2014 on operations at its El Limon mine in Colombia.

 

Four Points Mining SAS (50.002% owned by the Company) reports gold sales of 718oz in the first quarter of 2014. This corresponds to sales over the same period last year (Q1 2013) of 363oz, a 97.7% increase year on year. Q1 2014 sales of 718oz fell from Q4 2013 figures of 909oz, a decline of 21%, however in line with the two year quarterly average of 732oz.

 

As of 31 March 2014 total gold sales for FY14 sat at 2,607oz as compared to 1,723oz at this point in FY13. The average realized gold price was $1,259/oz during the quarter.

 

 

FY 14

Month

Gold (oz)

 

Q1

Jul-13

343.36

Aug-13

292.76

Sep-13

343.99

 

Q2

Oct-13

276.64

Nov-13

226.57

Dec-13

405.97

 

Q3

Jan-14

230.12

Feb-14

259.85

Mar-14

228.14

 

http://www.rns-pdf.londonstockexchange.com/rns/2078G_-2014-5-2.pdf

 

Company Chairman Andrew Bell comments:

 

"Gold sales for the latest quarter at El Limon show a continuation of the recent stable and profitable production trend. In the three months to March, sales were lower than in the previous quarter despite a higher tonnage of ore milled. This is because mining operations passed through a lower grade zone, part of the natural variability of vein grades. Operational results have improved significantly over last year's figures however, and we are hopeful that this gradual improvement will continue.

 

We continue to focus our efforts on maximizing output levels and reducing our cash costs at the mine, while exploring both further mine developments and potential disposal options as appropriate.

 

With multiple initiatives underway involving El Limon we look forward to the remainder of 2014 with optimism as we seek to unlock value for Red Rock shareholders."

 

For further information contact:

 

Andrew Bell0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources plc

Colin Aaronson / David Hignell 0207 383 5100 NOMAD Grant Thornton UK LLP

Nick Emerson01483 413500 Broker SI Capital Ltd.

Saif Janjua 0207 382 8416 Joint Broker Beaufort Securities Ltd

Rupert Trefgarne0203 128 8817 Media Relations MHP Communications

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLLFBZEFFBBZ
Date   Source Headline
8th Jul 20117:20 amRNSUpdate - Migori
7th Jul 20116:34 pmRNSUpdate - Columbia and Greenland
30th Jun 20113:00 pmRNSTotal Voting Rights
29th Jun 20117:30 amRNSDirector/PDMR Shareholding
27th Jun 20111:55 pmRNSRe Jupiter Mines Limited
23rd Jun 20113:00 pmRNSTotal Voting Rights
23rd Jun 201111:19 amRNSIssue of Equity
22nd Jun 20113:16 pmRNSUpdate and Issue of Equity
16th Jun 20111:59 pmRNSUpdate - Production and New Tenements
14th Jun 20114:40 pmRNSSecond Price Monitoring Extn
14th Jun 20114:35 pmRNSPrice Monitoring Extension
9th Jun 201111:46 amRNSUpdate - Macalder metallurgical testwork
2nd Jun 20113:48 pmRNSUpdate - Colombia and Migori - Replacement
2nd Jun 20113:00 pmRNSTotal Voting Rights - Replacement
2nd Jun 20117:48 amRNSUpdate - Colombia and Migori
24th May 20113:00 pmRNSTotal Voting Rights
24th May 201111:00 amRNSUpdate
13th May 20115:00 pmRNSUpdate - El Limon production
9th May 20117:26 amRNSUpdate and appointments
6th May 201110:37 amRNSDirector/PDMR Shareholding
4th May 201112:20 pmRNSConditional disposal
28th Apr 20113:00 pmRNSTotal Voting Rights
20th Apr 20114:40 pmRNSSecond Price Monitoring Extn
20th Apr 20114:35 pmRNSPrice Monitoring Extension
15th Apr 20115:03 pmRNSUpdate
14th Apr 20113:22 pmRNSIssue of Equity
4th Apr 201110:49 amRNSRSL joint venture; reduction JMS shareholding
31st Mar 20113:00 pmRNSTotal Voting Rights
31st Mar 20112:15 pmRNSAdviser appointment
30th Mar 20114:46 pmRNSKenya Exploration Update
30th Mar 20114:40 pmRNSSecond Price Monitoring Extn
30th Mar 20114:35 pmRNSPrice Monitoring Extension
30th Mar 201111:01 amRNSHalf Yearly Report
18th Mar 20117:00 amRNSIssue of Equity and Other Transactions
15th Mar 201110:44 amRNSUpdate re Jupiter Mines
11th Mar 20114:40 pmRNSSecond Price Monitoring Extn
11th Mar 20114:35 pmRNSPrice Monitoring Extension
8th Mar 20112:44 pmRNSAnnouncement re Red Rock Resources plc
8th Mar 201112:55 pmRNSAcquisition
3rd Mar 20119:54 amRNSOption and Earn-In Agreement
2nd Mar 20117:00 amRNSLoan Agreement, Sale of Investment
28th Feb 20112:00 pmRNSTotal Voting Rights
25th Feb 20117:38 amRNSDirectorate Change
15th Feb 20112:28 pmRNSUpdate and Result of Meeting
7th Feb 20117:00 amRNSIssue of Equity
31st Jan 20113:00 pmRNSTotal Voting Rights
31st Jan 201111:12 amRNSRE Jupiter Mines
28th Jan 20118:02 amRNSAnnouncement re Resource Star Limited
28th Jan 20117:00 amRNSUpdate
24th Jan 201112:15 pmRNSExercise of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.