Brief: Afrika Gold Says Production In Lancaster Gold Mine Stabilized

Afrika Gold AG

09/04/2021 16:02

April 9 (Reuters) - AFRIKA GOLD AG  GOG1.H :
    * OPERATOR OF LANCASTER GOLD MINE PUSHED AHEAD WITH FURTHER
NECESSARY UPGRADES OF THE PLANT AND HAS BEEN ABLE TO STABILIZE
PRODUCTION IN RECENT WEEKS DESPITE NEW DIFFICULTIES
    * LOCAL PROBLEMS SUCH AS REPEATED THEFT OF POWER CABLES OR
DIFFICULTIES IN THE OVERALL PROCESS ARE CONTINUOUSLY ADDRESSED
    * PAYMENTS FOR THE OPERATION OF THE FACILITY BY THE OPERATOR
HAVE
BEEN RECEIVED AND WILL BE USED TO SETTLE FURTHER SHORT-TERM
LIABILITIES OF THE COMPANY AND THE MINE
    * OPERATOR IS CONFIDENT THAT IT WILL BE ABLE TO FULFILL THE
PLAN
IN THE NEXT FEW WEEKS AND MONTHS
    * PROVIDED THE OPERATOR'S EXPECTATIONS ARE MET, ONGOING
OBLIGATIONS FROM RENTAL PAYMENTS CAN BE SETTLED AND PLAN OF SALE
IN 2021 WILL BE PURSUED

Source text for Eikon:  ID:nEQ4HKHMPa 
Further company coverage:  GOG1.H 

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