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auch wenn es dem kurs, warum auch immer, nicht hilft. Kazakhgold Chairman welcomes new shareholders 2 Jul 2007 KazakhGold Group Limited (LSE: KZG) today sees its shareholder base increase as a result of the acquisition of certain assets from Oxus Gold PLC (LSE:OXS), first announced in April this year. Consideration for this transaction was the issue to Oxus of 3,541,666 new ordinary shares in KazakhGold. Oxus has converted the KazakhGold shares into GDRs and is distributing them to its shareholders as a dividend today for settlement within the CREST system on July 6. This will add approximately 1200 new shareholders to the KazakhGold register. Welcoming these new shareholders to the company today, executive chairman of KazakhGold, Dr Kanat Assaubayev, said: 'The new shareholders are coming on board at an exciting time for the company as it enjoys a strong gold price and a positive outlook for the industry. The new arrivals can join existing shareholders in looking forward to an exciting future. 'KazakhGold is the country's leading gold producer, with long-life mines and substantial ore reserves. It is currently implementing an extensive expansion programme that will raise gold production, increase efficiency and reduce operating costs. 'At the same time, the company continues to evaluate a number of other gold projects within Kazakhstan, as well as those in Romania and Kyrgyzstan acquired from Oxus. We believe these will make an important contribution to our stated ambition of becoming Central Asia's leading gold producer. Preliminary results for the year to 31 December 2006 2 Jul 2007 Highlights • Annual gold production at Kazakhaltyn, the principal operating subsidiary, increased by 172 per cent to 218,164oz • Development of an accelerated investment plan covering the Group's main mines • Preliminary work to reclassify certain ore reserves and resources at Aksu, Bestobe and Zholymbet, to the JORC standard, has confirmed a world-class asset base • Initiation of a significant exploration programme, covering the Group's main assets • Further progress with the conversion of ore resources to reserves at Aksu, Bestobe and Zholymbet - the principal mines • A successful US$200 million Eurobond issue • First investment in assets outside Kazakhstan - joint venture formed with Oxus Gold plc to acquire the Transgold plant and deposits in Romania • Increased liquidity for the Group's shares - the free float is raised by 11.5 per cent to 40 per cent. 2006 (year to 31 December) 2005 (14 weeks to 31 December) Revenues (US$'000) 109,433 20,357 Operating profit/(loss) (US$'000) 33,078 (713) Pre-tax profit/(loss) (US$'000) 31,278 (1,083) EBITDA (US$'000) 42,201 698 Earnings/(loss) per share ($) – Basic and diluted 0.40 (0.05) Net assets (US$'000) 654,761 608,110 Gold production (oz) 218,164 52,691 Kazakhaltyn direct cash production cost (US$ per contained oz) 228 210 Average achieved sales price (US$ per contained oz) 560 448 Commenting on KazakhGold Group's preliminary results, Executive Chairman, Dr Kanat Assaubayev said: "I am delighted to say that during the year we made progress towards our mission of becoming the largest regional gold producer in Eastern Europe and the CIS countries. 2006 was a very active year for the Group, during which we increased our gold production by 172 per cent and developed an accelerated investment plan. We also continued with further exploration at our properties and in November 2006, KazakhGold made its first investment in gold assets outside Kazakhstan - in Romania." |
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| aus der Diskussion: | Minenaktie mit erheblichem Potential in 2007 ---- Kazakhgold ---- |
| Autor (Datum des Eintrages): | tenbaggerforever (03.07.07 20:40:52) |
| Beitrag: | 103 von 343 (ID:30476307) |
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