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Aureus poised for production … and a rerating?

By Robert Tyerman | Thursday 16 April 2015

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

West Africa-focused Aureus Mining (AUE) says it is on track to start producing gold from its one million-plus-oz. New Liberty project in Liberia by the end of next month. The company, steered by well-regarded chief executive officer and former European Goldfields boss David Reading, declares it expects first gold from New Liberty, which will be previously strife-torn Liberia’s first gold mine, by the end of May and anticipates delivering 119,000 oz. of gold a year for six out of New Liberty’s eight years of expected production.

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