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Market: TSX
Sector: Gold Mining
Epic: TSX:LMA
News: Latest news
Web Site: La Mancha Resources
Other Articles: 06-08-201027-01-201002-04-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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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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