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Market: TSX
Sector: Gold Mining
Epic: TSX:LMA
News: Latest news
Web Site: La Mancha Resources
Other Articles: 02-04-200918-02-200915-01-2009

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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:56Bionomics to present at Ultimate Healthcare & Biotechnology Event, March 24

Deborah Rathjen, CEO of Bionomics, recommended by UK Investment Reseach house Edison Investment Research, "our new valuation for BNO is at 55 cents" will present in Sydney.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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La Mancha Resources

La Mancha Resources

La Mancha is a diversified gold producer with more than 1,200 employees worldwide. La Mancha operates three gold mines, with production strategically distributed between Africa and Australia, and is actively developing an advanced project in Australia. Due to its geographic diversification, La Mancha holds the majority of its resources in low risk countries.
Wednesday, February 18, 2009

La Mancha expects to raise 2009 gold production by up to 40 percent vs 2008

La Mancha Resources Inc said it expects to produce between 85,000 and 100,000 ounces of gold in 2009, an increase of up to 40 percent over last year, at an average cash cost of US$497 per ounce.

The bulk of the production increase is expected to come from the newly-producing Frog's Leg mine in Australia, which commenced production in May 2008 and should operate at full capacity throughout the current year, producing between 37,000 and 42,000 ounces.

Improved performance at the Ity mine in Cote d'Ivoire is also expected to help increase La Mancha's attributable production, while gold production at the Hassai mine in Sudan is expected to remain stable as the transition from siliceous-baritic rock to quartz ore continues.

Following the recently-published positive feasibility study for the White Foil project in Australia, management has commenced discussions with nearby milling facilities to secure a milling agreement so as to rapidly put the project into production.

As no milling agreement has been signed to date, La Mancha has excluded any White Foil production from its 2009 production forecast. However, it believes it is possible for the White Foil project to start contributing to La Mancha's global production before year-end.

Based on the feasibility study, White Foil is expected to yield 69,160 ounces of gold production over a 27-month period.

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