Rambler Metals reports first revenue as Ming mine approaches production start

Rambler Metals & Mining realised first revenue of C$single toggle jaw crusher wikipedia3.5 million in the year to July 31 2011, giving it some welcome cashflow while it brings the Ming copper-gold mine on Newfoundland and Labrador's Baie Verte Peninsula, Canada, into full production.

The group generated its first revenue in the period, C$2.1 million by selling 1,399 ounces of gold produced at its satellite deposits Nugget Pond Crown Pillar and the Tilt Cove East Mine dump, and additional revenue of C$1.4 million from various toll processing agreements. Net loss was reduced to C$53,000 from C$2.42 million in the previous full year. Rambler reported significant progress on all construction works throughout the year including the group's floatation circuit addition at the Nugget Pond Mill and the site works at the Ming mine. It is near completion of the...