-
SURFACE MINE RESCUE COMPETITION
We would like to congratulate our La Mancha Australia team for its 3rd place finish at the Surface Emergency Response Competition organized by the Chamber of Minerals & Energy of West Australia on May 5th and 6th 2012. The overall winning team was a combined team from four Barrick sites, second place was Barrick Kanowna. Other teams competing included KCGM (Barrick/Newmont JV), Alacer Gold, Minara Resources, Newmont, Norton Gold Fields, Gold Fields Australia. Skills tested were Team Skills, Vehicle Extrication, HazChem, Rope Rescue, Confined Space Rescue, First Aid Scenario, Fire Fighting, Incident Management, Theory as well as team safety, breathing apparatus, and first aid. La Mancha placed 3rd in Team Skills, 3rd in HazChem and 1st in Fire Fighting.
-
LA MANCHA REPORTS Q1 NET EARNINGS OF $7.9 MILLION Q1
We mined over 39,000 attributable ounces on a consolidated basis, which is nearly 25% better than in the strongest quarter of 2011. This excellent performance is, however, not yet reflected in our first quarter consolidated gold production of 25,301 attributable ounces and related financial results. With strong ore stockpiles accumulated by quarter-end, we remain in line with our consolidated production guidance and look forward to a very strong second quarter.
-
LA MANCHA’S VMS RESOURCE INCREASES TO 81MT INDICATED AND 37MT INFERRED
This significant resource expansion is a milestone of greatest importance for La Mancha since it confirms that our Hassaï property is a world-class asset. Moreover, this new resource, most of which is from two pits out of a potential 12, already ranks amongst the largest and richest VMS deposits in the world, while its potential remains largely untested. Having already outlined an Indicated resource of over 80 Mt, we have achieved the critical mass needed to launch a pre-feasibility study. This new resource estimate confirms yet again La Mancha's potential to grow into an intermediate gold producer within the next few years.