Brief: Galane Gold provides update on Galaxy commissioning

Golconda Gold

16/01/2017 22:00

Jan 16 (Reuters) - Galane Gold Ltd  GG.V :  
    * Galane Gold Ltd. provides update on Galaxy commissioning 
    * At current stage Galaxy project does not generate positive 
cash flows 
    * Says is committed to fund commissioning and subsidize 
operations at Galaxy project from cash flows generated from 
Mupane mine 
    * Says has decided to be prudent and delay full 
commissioning at Galaxy project until company has sufficient 
funds available  
 
Source text for Eikon:  ID:nCCNCTtPG  
Further company coverage:  GG.V   
 
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