8th Oct 2021 18:07
Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - Copper saleable production in third quarter of 2021 comes in at 778 tonnes, up 4.6% from last year's 744 tonnes. Gold saleable production falls 3.3% to 502 ounces from 519 ounces. Dry tonne production rises 7.5% to 2,939 tonnes from 2,735 tonnes last year.
"Over and above an improving performance in the last quarter, and despite some challenges along the way, the over-riding consideration for Rambler right now is the closing of the financing with Newgen Resource Lending Inc... we continue to work towards an intercreditor agreement with a third party to obtain the security required for the loan. The intended use of these proceeds was to strengthen the balance sheet but more importantly to maintain the progress on the redevelopment of the Ming Mine," says Rambler chief, Toby Bradbury.
Current stock price: 18.20p, down 5.5% on Friday
Year-to-date change: down 49%
By Greg Roxburgh; [email protected]
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