Regulatory Filings • Jul 2, 2013
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Corporate | 2 July 2013 14:37
Pearl Gold AG: Production figures for May 2013, further actions
Pearl Gold AG / Key word(s): Monthly Figures
02.07.2013 / 14:37
Production figures for May 2013, further actions
– Production figures for May
– Further audit is being executed
Frankfurt, 02.07.2013. The Management of Wassoul’Or SA has decided to conduct another geological audit as a consequence of the technical audits conducted in March and April this year. This audit shall bring more detailed information on the measures to be taken by the Management Committee that shall commence its function only after the results of this last external audit are known and the consequences evaluated.
The geological audit has commenced and is being supervised by the president of the supervisory board of Pearl Gold, Mr. Robert Goninon, and executed by a specialized South-African company.
In the future, production figures will only be published on the internet site within the first 10 days of the following month, and will not be published as a press release.
Summary of production figures for May 2013
* Processed raw material: 75,715 tons
* Gold content at the beginning of the production process: 0.67 gm/ton
* Gold content in waste material: 0.22 gm/ton
* Sum of extracted gold: 10,175 gm
* Non treated intermediate product 11,600 tons
The company once again points out that it is not possible to calculate a sustainable gold recovery rate as long as the extraction process is not in accordance with the target figures and as long as there are considerable quantities of partly-treated interim stockpiles.
Pearl Gold AG
Pearl Gold AG is a project developer and active investor listed in the General Standard of the Frankfurt Stock Exchange, based in Frankfurt. The company focuses on investments in West African exploration and mining corporations, especially in the field of gold and other precious metals. The first investment of Pearl Gold is the Malian mining company Wassoul’Or, in which Pearl Gold has a stake of 25 per cent. Wassoul’Or concentrates on the exploration and production of gold and runs the Kodiéran gold mine in the South of Mali. For further information as well as the securities prospectus visit http://www.pearlgoldag.com
For Inquiries:
MSL Financial
Tel: +49 (0) 69 6612456 8327
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information included in this news release constitutes ‘forward-looking statements’. The words ‘expect’, ‘plan’, ‘will’, ‘intend’, ‘estimate’ and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Pearl Gold AG cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the Company’s estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
End of Corporate News
02.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Pearl Gold AG |
| An der Welle 4 | |
| 60322 Frankfurt | |
| Germany | |
| Phone: | +49 (0) 69 7593 8587 |
| Fax: | +49 (0) 69 7593 8200 |
| E-mail: | [email protected] |
| Internet: | www.pearlgoldag.com |
| ISIN: | DE000A0AFGF3 |
| WKN: | A0AFGF |
| Listed: | Regulierter Markt in Frankfurt (General Standard) |
| End of News | DGAP News-Service |
| - - - |
| 219482 02.07.2013 |
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