Brief: Kopy Goldfields Provides An Update Due To The Current Geopolitical Situation

Kopy Goldfields AB (publ)

04/03/2022 07:32

March 4 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * KOPY GOLDFIELDS PROVIDES AN UPDATE DUE TO THE CURRENT
GEOPOLITICAL SITUATION
    * CONTINUES TO EXPLORE, MINE, PROCESS AND SELL GOLD AT
INTERNATIONAL MARKET PRICES WITH OBJECTIVE TO GRADUALLY INCREASE
GOLD PRODUCTION
    * SO FAR, GOLD MINING INDUSTRY IS NOT FALLING UNDER ANY
ANNOUNCED
OR PUBLISHED SANCTIONS.
    * IS TO A LIMITED EXTENT DEPENDENT ON FOREIGN SUPPLIERS
WHICH
ACTIVITIES IN RUSSIA ARE AFFECTED BY SANCTIONS.
    * CURRENTLY, COMPANY IS FULLY FINANCED TO EXECUTE ITS
DEVELOPMENT
PLANS.
    * FUNDAMENTALS OF RUSSIAN GOLD MINING BUSINESS HAVE NOT
CHANGED
    * AND KOPY GOLDFIELDS' OPERATIONS HAVE SO FAR NOT BEEN
AFFECTED IN
ANY PARTICULAR WAY.
    * CONTINGENCY MEASURES HAVE BEEN INITIATED TO ENSURE ADVANCE
EQUIPMENT AND SPARE PARTS PROCUREMENT, LIQUIDITY AND GOLD SALES
CHANNELS

Source text for Eikon:  ID:nMFNYhWvN 
Further company coverage:  KOPY.ST 

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