Ad hoc-Mitteilungen

Ad hoc: Pearl Gold AG: Kodiéran production figures for January 2013

Pearl Gold AG  / Key word(s): Monthly Figures
 
 05.02.2013 16:47
 
 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
 by DGAP - a company of EquityStory AG.
 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Pearl Gold AG: Kodiéran production figures for January 2013 - Processed raw material: 64,100 metric tons - Extracted gold before smelting: 22,000 grams - Diesel shortage due to subside Frankfurt, 05.02.2013. Pearl Gold AG (ISIN: DE000A0AFGF3) is today providing its first monthly update on the current situation and state of production at the Kodiéran gold mine, in which Pearl Gold holds a 25 percent stake. The management of gold mine operator Wassoul'Or announced the following production figures. The processed raw material in January amounts to 64,100 metric tons. The sum of extracted gold is 22,000 grams. The initial gold grade was stated at 2.01 grams per metric ton and the tailings gold grade is at 0.41 grams per metric ton. For the month of January, the amount of processed raw material was originally projected at approximately 200,000 metric tons. Thus, the gold mine was able to deliver around 30% of the planned production. Production figures are lower than anticipated because of shortages of Diesel fuel supply at the Kodiéran gold mine. This can be attributed to a heavy shortage on the Diesel market, which faced exceptional demand from the military services. Due to the usage of Diesel powered generators the Diesel fuel shortage led to an interruption in production. However, due to the latest political and military developments and currently incoming fuel deliveries, production is expected to increase and run smoothly by the time the market stabilizes. Summary Key Reporting Figures - Anticipated processed raw material: 200,000 metric tons - Actual processed raw material: 64,100 metric tons - Initial gold grade was stated at 2.01 grams - Tailings gold grade is at 0.41 grams - Extracted gold before smelting: 22,000 grams Pearl Gold AG Pearl Gold AG is a project developer and active investor listed in the General Standard of the Frankfurt Stock Exchange, based in Frankfurt. The company focuses on investments in West African exploration and mining corporations, especially in the field of gold and other precious metals. The first investment of Pearl Gold is the Malian mining company Wassoul'Or, in which Pearl Gold has a stake of 25 per cent. Wassoul'Or concentrates on the exploration and production of gold and runs the Kodiéran gold mine in the South of Mali. For further information as well as the securities prospectus visit http://www.pearlgoldag.com For Inquiries: MSL Financial Press@pearlgoldag.com Tel: +49 (0) 69 6612456 8394 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information included in this news release constitutes 'forward-looking statements'. The words 'expect', 'plan', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Pearl Gold AG cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. 05.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Pearl Gold AG An der Welle 4 60322 Frankfurt Germany Phone: +49 (0) 69 7593 8587 Fax: +49 (0) 69 7593 8200 E-mail: info@pearlgoldag.com Internet: www.pearlgoldag.com ISIN: DE000A0AFGF3 WKN: A0AFGF End of Announcement DGAP News-Service
---------------------------------------------------------------------------

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.