Brief: Auriant to temporarily halt mining operations at Tardan
20/10/2017 07:50
Oct 20 (Reuters) - Auriant Mining Ab AURIM.ST :
* AURIANT MINING AB (PUBL.) ANNOUNCES PLAN TO TEMPORARILY
HALT MINING OPERATIONS AT TARDAN IN THE FIRST HALF OF 2018, AND
ANNOUNCES ITS 2018 AND 2019 PRELIMINARY PRODUCTION FORECAST
* PRODUCTION FOR 2019 IS EXPECTED TO INCREASE TO
APPROXIMATELY 1.15 TONNES OF GOLD
* SAYS OPERATION OF CIL PLANT WILL SIGNIFICANTLY IMPROVE
EBITDA MARGIN.
* PLANS TO COMMISSION CIL PLANT IN JANUARY 2019
* DECIDED TO HALT MINING OPERATIONS AT TARDAN FROM JANUARY
2018 UNTIL 2ND HALF OF 2018
* AIMS TO RESTART MINING OPERATIONS IN 2ND HALF OF 2018
* TOTAL PRODUCTION FOR 2018 IS EXPECTED TO BE 500 KG.
Source text for Eikon: ID:nSSN7bgC
Further company coverage: AURIM.ST
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