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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Allied Gold | LSE:AGLD | London | Ordinary Share | AU000000ALD4 | ORD SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.125 | - | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
| Date | Subject | Author | Discuss |
|---|---|---|---|
| 10/3/2011 21:26 | i think its just following the market in general, mad I know, a re-rating will hopefully be swift | dvsfm | |
| 10/3/2011 18:39 | think this is a 1st for me a gold stock where the share price tumbles on 1st gold pour news lolz | divinausa1 | |
| 10/3/2011 17:56 | To read it with proper formatting (makes much better sense!) go to - It loads very slowly (or my connection's on the blink.) | boadicea | |
| 10/3/2011 15:45 | beat me to it, hasn't been announced here yet, get in while you can | dvsfm | |
| 10/3/2011 15:02 | Simberi Gold Mine, PNG 172% Increase at Botlu Deposit-To 429, 000 OZ TORONTO, ONTARIO--(Marketwire - March 10, 2011) - Allied Gold Limited (TSX:ALG)(AIM:AGLD)( THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE USA AND SHOULD NOT BE DISSEMINATED TO USA NEWS SERVICES Resource definition drilling at Allied Gold's 100% owned Simberi gold mine in Papua New Guinea has led to a 271,000 ounce increase in Inferred Mineral Resources Botlu deposit. -- A newly up dated (JORC compliant) Mineral Resource of predominantly sulphide ore has increased the inferred resource at Botlu to 8.4 million tonnes at a grade of 1.59 g/t for 429,000 ounces as at February 2011. An increase of 172% from previous inferred resource estimates of 3.4 Mt @ 1.44g/t containing 158,000 ounces. (ALD - Revised NI 43-101 Technical Report, 9/11/2010) -- Drilling at Botlu continues to test gold in surface sample anomalies, stretching up to 250m west of the modelled deposit, for potential resource extensions. This work is part of definition drilling for a Bankable Feasibility Study on processing 2.5 Mtpa of sulphide ore to produce 130 kozpa. The study is due in early 2012. -- Estimated Measured and Indicated resources at Simberi now stand at 80.4Mt @ 1.26g/t Au, containing 3.26 million ounces, with additional Inferred Resources of 91.9 Mt @ 1.00g/t Au containing 2.95 million ounces (see Appendix 1) Comment by Executive Chairman Mark Caruso: "Botlu provides another opportunity and source of additional material for our sulphide study which has until recently focused predominantly on the Sorowar and Pigiput deposits. We are confident of converting sulphide Inferred Resources to mineable reserves for the Sulphide Feasibility Study. This upgrade highlights the more we drill the more we find and maintains our track record of continually increasing the Simberi resource base." TABLE 1 - SEPTEMBER 2010 - BOTLU MINERAL RESOURCES -------------------- Total (Meas + Measured Indicated Ind) Inferred ------ Botlu Mt a/t Au koz Mt g/t Au koz Mt g/t Au koz Mt g/t Au koz OX 1.22 1.14 44 0.45 1.23 0.18 1.67 1.16 62 0.31 1.16 11 SU 1.45 1.81 84 -------------------- Total 1.22 1.14 44 0.45 1.23 0.18 1.67 1.16 62 1.76 1.70 96 -------------------- TABLE 2 - FEBRUARY 2011 - BOTLU MINERAL RESOURCES (0.5g/t block cut-off oxide; 1 g/t transition & sulphide) -------------------- Total (Meas + Measured Indicated Ind) Inferred ------ Botlu Mt g/t Au koz Mt g/t Au koz Mt g/t Au koz Mt g/t Au koz OX 2.10 1.21 81 TR + SU 6.29 1.72 348 -------------------- Total 8.39 1.59 429 -------------------- Note: Rounding in Mineral Resources estimates may cause some apparent computational discrepancies. Original Source: ALD - November 2010 REVISED TECHNICAL REPORT, Simberi Gold Project, Simberi Island, Papua New Guinea (Golder Associates Report Number: 1097641039-005-R01). Resource Simberi Resource (0.5 g/t Au cut off - depleted to eom October 2010). OX = oxide material; TR = transition material; SU = sulphide material. RESOURCE ESTIMATION METHOD The table reports resources in Oxide using a 0.5g/t Au block grade cut-off and in Transition and Sulphide using a 1.0g/t Au block grade cut-off. The resource estimate is based on results from 165 drill holes totaling 14,950m drilled (29 core holes / 6,142m, 96 RC drill holes / 5,002m and 40 aircore holes / 3,805m). In addition to previous work, the database incorporates the results of a 15 hole / 3,174m core drilling programme, undertaken between June and December 2010. The holes provide 13,230 analysed samples. Four core holes / 250m, drilled for metallurgical purposes prior to the previous resource estimate in 2003, were not assayed. Pierce points in the modelled parts of the 4 wire-framed domains range up to 75 metres apart down dip and 25 metres along strike. Drill hole sample assays were composited to 3m, providing 4,977 data values inside the modelled area. Seventeen composite average grades were cut to 10g/t Au, prior to block grade interpolation using the Inverse Distance Squared (ID2) algorithm. Block sizes in the model were 10m x 10m x 10m (parent cell) to 5m x 5m x 5m (sub-cell). The search ellipse used ellipse was 50m along strike, 50m down dip and 12.5m in the minor axis. QUALITY CONTROL Allied Gold employs a QA/QC protocol on all aspects of the analytical procedures currently undertaken. Core is logged, cut and sampled at the secure Simberi core logging facility. Core is generally sampled on a one metre basis, with half of the core is crushed, split to approximately 1.5kg and pulverised at the adjacent Exploration Sample Preparation Facility. The pulverised sample is sent for analysis by fire assay/AAS finish at ALS Laboratory in Townsville or Aqua Regia Digest/AAS finish at the dedicated Exploration Analytical Laboratory on-site. One half of the generally HQ core (PQ and limited NQ core sized core is also used) is restored to the core box for future reference. A blank sample is inserted every 40th sample and CRM standard samples, representing a range of grades, are also inserted at intervals of 1 in 40 samples. At least 5% duplicates, both splits of crushed core (Field Duplicates) and pulps (Pulp Duplicates) are included in each batch sent for analysis. A second split of the duplicates is retained for re-analysis at Genalysis Laboratory Services in Townsville, Australia. The current QA/QC data is rejected unless within acceptable parameters. The Quality Control for the project is supervised by Allied Gold Chief Geologist, Philip Davies who is a Qualified Person as defined under The JORC Code, 2004 Edition. GEOLOGY The Botlu Deposit gold mineralisation is associated with volcanic breccias that cut, at steep angles, through the largely latite andesite and minor volcanic tuff host rocks. The four modelled domains strike generally east-west and dip both north and south around an unmineralised andesite core. The gold mineralisation occurs with fine grained disseminated sulphides. Abundant very fined grained in the matrix of volcanic breccia typically hosts the highest grade gold. Pervasive silica, carbonate and potassic alteration, typically 5 to 10%, is common recorded however quartz or carbonate veining was uncommon in the latest diamond drilling that tested deeper parts of the deposit. About Allied Gold Allied Gold is an emerging 200,000 ounce per annum gold producer with production and exploration assets in Papua New Guinea and the Solomon Islands approximately 3 hours by plane from Brisbane, Australia. The company's 100%-owned Simberi gold mine is 80 kilometres from Lihir Island in the New Ireland province of Papua New Guinea. Simberi commenced gold production in 2008, produced 64,000 ounces in 2009-10 and its process plant is being expanded to a throughput of 3.5 Mtpa to produce 100,000 ounces per annum by late 2011. Allied Gold acquired Gold Ridge in the Solomon Islands in late 2009 when it acquired Toronto-listed Australian Solomons Gold. Allied has invested $150 million to refurbish and redevelop Gold Ridge which is expected to produce an average 120,000 ounces per annum for a minimum ten years. Allied Gold Limited is listed on the ASX, TSX and the London AIM exchanges. Competent Persons The information in this Stock Exchange Announcement that relates to Mineral Exploration results, together with any related assessments and interpretations, have been verified by and approved for release by Mr P R Davies, MSc, BSc, M.Aus.I.M.M., a qualified geologist and full-time employee of the Company. Mr Davies has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Davies consents to the inclusion of the information contained in this ASX release in the form and context in which it appears. The information in this report that relates to Mineral Resources is based on a resource estimate prepared by Allied Gold Resource Geologist Mrs Carmel Grant, under the supervision of Chief Geologist Mr Philip Davies. Both are registered members of the AusIMM. Mrs Grant has more than five years experience relevant to gold resource estimation and qualifies as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" Both Mrs Grant and Mr Davies consent to the inclusion in this report of the matters based on the information in the form and context in which it appears. Forward-Looking Statements This press release contains forward-looking statements concerning the projects owned by Allied Gold. Statements concerning mineral reserves and resources may also be deemed to be forward-looking statements in that they involve estimates, based on certain assumptions, of the mineralisation that will be found if and when a deposit is developed and mined. Forward-looking statements are not statements of historical fact, and actual events or results may differ materially from those described in the forward-looking statements, as the result of a variety of risks, uncertainties and other factors, involved in the mining industry generally and the particular properties in which Allied has an interest, such as fluctuation in gold prices; uncertainties involved in interpreting drilling results and other tests; the uncertainty of financial projections and cost estimates; the possibility of cost overruns, accidents, strikes, delays and other problems in development projects, the uncertain availability of financing and uncertainties as to terms of any financings completed; uncertainties relating to environmental risks and government approvals, and possible political instability or changes in government policy in jurisdictions in which properties are located. Forward-looking statements are based on management's beliefs, opinions and estimates as of the date they are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions or estimates should change or to reflect other future developments. Not an offer of securities or solicitation of a proxy This communication is not a solicitation of a proxy from any security holder of Allied Gold, nor is this communication an offer to purchase or a solicitation to sell securities. Any offer will be made only through an information circular or proxy statement or similar document. Investors and security holders are strongly advised to read such document regarding the proposed business combination referred to in this communication, if and when such document is filed and becomes available, because it will contain important information. Any such document would be filed by Allied Gold with the Australian Securities and Investments Commission, the Australian Stock Exchange and with the U.S. Securities and Exchange Commission (SEC). Figure 1 Botlu Deposit - Extent of current resource estimate at 145mRL, approximately 50m below surface, (pastel pink coloured polygon) and untested potential stretching to 250m west, as indicated by greater than 1g/t Au values in surface samples (shown as RED dots). To view "Figure 1," please visit the following link: APPENDIX 1 Simberi Table of Estimated Resources updated with Botlu Resource updated February 2011 (highlighted in GREY) Original Source: ALD - November 2010 REVISED TECHNICAL REPORT, Simberi Gold Project, Simberi Island, Papua New Guinea (Golder Associates Report Number: 1097641039-005-R01). -------------------- Deposit Material Measured Indicated Inferred -------------------- Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz -------------------- Bekou Oxide 0.04 1.74 2 0.06 1.14 2 -------------------- Transition 0.01 1.17 0 0.05 1.16 2 -------------------- Sulphide 0.02 1.93 2 0.92 1.38 41 -------------------- Bekou Total 0.07 1.76 4 1.02 1.36 45 -------------------- Botlu Oxide 2.10 0.21 0.08 -------------------- Transition 0.15 1.83 0.01 -------------------- Sulphide 6.13 1.72 0.34 -------------------- Botlu Total 8.39 1.59 0.43 -------------------- Pigibo Oxide 2.96 1.11 106 0.60 0.89 17 -------------------- Transition 2.19 1.19 84 0.51 0.92 15 -------------------- Sulphide 3.86 1.11 137 6.22 0.94 188 -------------------- Pigibo Total 9.00 1.13 327 7.33 0.93 220 -------------------- Pigicow Oxide 0.15 1.65 8 0.29 1.30 12 -------------------- Transition 0.11 1.29 4 -------------------- Sulphide 2.00 1.26 81 -------------------- Pigicow Total 0.15 1.65 8 2.39 1.26 97 -------------------- Pigiput Oxide 3.02 0.87 85 4.60 0.92 137 2.01 0.79 51 -------------------- Transition 1.95 0.89 56 0.77 0.83 21 -------------------- Sulphide 32.56 1.51 1,583 32.25 1.00 1,042 -------------------- Pigiput Total 3.02 0.87 85 39.12 1.41 1,775 35.03 0.99 1,114 -------------------- Samat East Oxide 0.40 1.13 14 -------------------- Transition 0.08 0.78 2 -------------------- Sulphide 3.50 0.78 88 -------------------- Samat East Total 3.98 0.82 105 -------------------- Samat north A Oxide 0.16 0.75 4 0.11 0.84 3 -------------------- Transition 0.04 1.29 2 0.01 1.26 0 -------------------- Sulphide 0.36 0.81 9 1.08 0.86 30 -------------------- Samat North A Total 0.56 0.83 15 1.20 0.86 33 -------------------- Samat North B Oxide 0.12 0.86 3 0.12 0.75 3 -------------------- Transition 0.05 2.86 5 0.02 0.78 1 -------------------- Sulphide 1.90 1.22 74 1.05 0.73 25 -------------------- Samat North B Total 2.06 1.24 82 1.19 0.73 28 -------------------- Samat South A Oxide 0.02 2.11 1 0.16 1.28 7 -------------------- Transition 0.01 0.98 0 0.01 0.77 0 -------------------- Sulphide 0.02 1.01 1 1.73 0.97 54 -------------------- Samat South A Total 0.05 1.53 2 1.90 0.99 61 -------------------- Samat South B Oxide 0.05 2.94 5 0.17 1.51 8 -------------------- Transition 0.05 2.03 3 0.02 0.99 1 -------------------- Sulphide 1.70 1.76 96 3.36 1.07 115 -------------------- Samat South B Total 1.80 1.80 104 3.54 1.09 124 -------------------- Sorowar Oxide 5.81 1.30 243 8.56 1.08 298 2.40 1.09 84 -------------------- Transition 0.54 1.17 20 1.46 1.14 53 0.29 0.83 8 -------------------- Sulphide 1.30 0.93 39 6.93 0.92 205 19.03 0.90 549 -------------------- Sorowar Total 7.64 1.23 302 16.95 1.02 556 21.72 0.92 641 -------------------- Sorowar South Oxide 0.68 0.82 18 -------------------- Transition 0.28 0.68 6 -------------------- Sulphide 5.39 0.66 114 -------------------- Sorowar South Total 6.35 0.67 138 -------------------- Grand Total 10.66 1.13 387 69.76 1.28 2,874 91.95 1.00 2,953 -------------------- © 2011 - Marketwire Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes. | dynam1te | |
| 10/3/2011 08:41 | all in good time, i suspect within two years we'd have been bought out if production gets upto 200k oz + by then | dvsfm | |
| 10/3/2011 08:37 | meanwhile POG at record highs ho hum.... | divinausa1 | |
| 10/3/2011 08:36 | 1st gold pour news went down like a lead balloon then down under did manage a 4% rise though... | divinausa1 | |
| 09/3/2011 10:12 | Any new broker note on after update? Let's hope we move from here on to more good news . | jaws6 | |
| 09/3/2011 10:08 | Excellent RNS (both of them) this morning - re-rate here we come !!! | ollyb10 | |
| 09/3/2011 09:54 | SIMBERI (PNG) UPDATE Tank repairs near completion, PNG department to review Allied Gold Limited expects to complete repair works on the tailing mixing tank late today at Simberi, Papua New Guinea. Repair work on the worn tailings mixing tank, which is located on shore approximately 150 meters from the processing plant has progressed well and will be completed by no later than Friday. The PNG department of Environment and Conservation (DEC) is expected to visit Friday following on from their visit of last week to review the site and repairs. Contrary to PNG media reports of offshore impacts to the marine environment, the Company is aware of no such impacts. The mine ceased processing ore immediately when the incident occurred and as a result has not been producing waste tailings. | grum3still | |
| 09/3/2011 09:53 | added today so can we now please rocket | juju43 | |
| 09/3/2011 09:52 | update on Simberi just released. problems resolved by the weekend according to rns. that is a double dose of good news. | grum3still | |
| 09/3/2011 07:44 | gold pours usually prompt share reratings and it must surely be due here | juju43 | |
| 09/3/2011 07:13 | Yup, fingers crossed it goes up from here. Bought in yesterday, talk about good timing. | wylecoyote | |
| 09/3/2011 07:11 | NICE RNS ;-) | vivgav | |
| 08/3/2011 14:52 | Gold stocks generally down today - at least if I hold them! AGLD is one of only two that are now up, the other being MML. One might almost suspect that news is leaking, possibly in relation to gold Ridge. | boadicea | |
| 07/3/2011 21:13 | Pity - I was looking for something sub 40p. The gold they won't get out of Simberi this quarter due to the pipe problem is still safely in the ground (or awaiting leaching) and by the time it gets processed will likely fetch an even higher price. | boadicea | |
| 07/3/2011 20:36 | Looks like the mm's have stopped walking it down today? (late on) Should bounce from here. | vivgav | |
| 07/3/2011 07:31 | Allied Gold Limited: Simberi (PNG) Gold Production March Quarter Guidance Allied Gold Limited (TSX:ALG)(AIM:AGLD)( THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE USA AND SHOULD NOT BE DISSEMINATED TO USA NEWS SERVICES Gold production in the March quarter from Allied Gold Limited's 100%-owned Simberi gold mine in Papua New Guinea is expected to be at the lower end of a 15,000 ounce to 18,000 ounce per quarter guidance range, however gold sales maybe towards the upper end of the guidance range. The company's March quarter results will be released in mid-April and its full year (2010-11) production guidance for Simberi currently remains unchanged at 72,000 ounces. Milling and processing at Simberi was suspended late last week to repair a valve and some onshore piping to the tailings mixing tank. Though not considered major, the repair work is below the water table and requires continuous de-watering to provide access. The repair programme is underway and expected to take up to 7 days to complete. Gold production for the months of January and February was a combined 10,700 ounces and gold sales were 11,700 ounces. Gold sales in the March quarter maybe higher than the ounces produced. Notwithstanding the current maintenance repair, the Simberi processing plant continues to perform above its name plate capacity of 2 million tonnes per annum (mtpa). Construction activities including pouring concrete footings for a lime slaker and civil works for additional leach tanks as part of a previously approved $32 million expansion to lift throughput from 2.5mtpa (approx 70,000 ozpa) to 3.5mtpa (approx 100,000 ozpa) commenced in February. This work is expected to be completed in the December quarter. Comment by Executive Chairman Mark Caruso: "Simberi had a great December quarter, and while we are aiming to repeat it the reality is we will fall short. The good thing is work on the expansion to 100,000 ounce per annum is moving ahead and exploration results from Simberi at Botlu pit continue to show the potential for oxide and sulphide resource extensions." Commissioning of Allied Gold's 100%-owned fully-funded 120,000 ozpa Gold Ridge mine in the Solomon Islands is progressing well with first gold imminent. ABOUT ALLIED GOLD Allied Gold is an emerging 200,000 ounce per annum gold producer with production and exploration assets in Papua New Guinea and the Solomon Islands approximately 3 hours by plane from Brisbane, Australia. The company's 100%-owned Simberi gold mine is 85 kilometres from Lihir Island in the Tabar Islands group in Papua New Guinea. Simberi commenced gold production in 2008, produced 64,000 ounces in 2009-10 and its process plant is being expanded to a throughput of 3.5 Mtpa to produce 100,000 ounces per annum by late 2011. Allied Gold acquired Gold Ridge in the Solomon Islands in late 2009 when it acquired Toronto-listed Australian Solomons Gold. Allied has invested $150 million to refurbish and redevelop Gold Ridge which is expected to produce an average 120,000 ounces per annum for a minimum ten years. Allied Gold Limited is listed on the ASX, TSX and the London AIM exchanges. Competent Persons The information in this Stock Exchange Announcement that relates to Mineral Exploration results and Mineral Resources, together with any related assessments and interpretations, have been verified by and approved for release by Mr C R Hastings, MSc, BSc, M.Aus.I.M.M., a qualified geologist and full-time employee of the Company. Mr Hastings has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Hastings consents to the inclusion of the information contained in this ASX release in the form and context in which it appears. Mr. C. R. Hastings is also a Qualified Person as defined by Canadian National Instrument 43-101. Forward-Looking Statements This press release contains forward-looking statements concerning the projects owned by Allied Gold. Statements concerning mineral reserves and resources may also be deemed to be forward-looking statements in that they involve estimates, based on certain assumptions, of the mineralisation that will be found if and when a deposit is developed and mined. Forward-looking statements are not statements of historical fact, and actual events or results may differ materially from those described in the forward-looking statements, as the result of a variety of risks, uncertainties and other factors, involved in the mining industry generally and the particular properties in which Allied has an interest, such as fluctuation in gold prices; uncertainties involved in interpreting drilling results and other tests; the uncertainty of financial projections and cost estimates; the possibility of cost overruns, accidents, strikes, delays and other problems in development projects, the uncertain availability of financing and uncertainties as to terms of any financings completed; uncertainties relating to environmental risks and government approvals, and possible political instability or changes in government policy in jurisdictions in which properties are located. Forward-looking statements are based on management's beliefs, opinions and estimates as of the date they are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions or estimates should change or to reflect other future developments. Not an offer of securities or solicitation of a proxy This communication is not a solicitation of a proxy from any security holder of Allied Gold, nor is this communication an offer to purchase or a solicitation to sell securities. Any offer will be made only through an information circular or proxy statement or similar document. Investors and security holders are strongly advised to read such document regarding the proposed business combination referred to in this communication, if and when such document is filed and becomes available, because it will contain important information. Any such document would be filed by Allied Gold with the Australian Securities and Investments Commission, the Australian Stock Exchange and with the U.S. Securities and Exchange Commission (SEC). | matt | |
| 04/3/2011 20:40 | The share price should be edging up not drifting down. Does someone know something we don't? Is it nervousness ahead of Gold Ridge first pour or a guess that it will be late, i.e. after end of March? It's certainly not the price of gold. Alternatively, is it mm's or a large trader fishing for stops ahead of expected good news? My advice (if I were allowed to give it) would be, "Don't be spooked!" It may be spiked down in the next week or two in a final tree-shake - to which the antidote is to leave a buy order on (or two) at your choice of entry price, say around the 39-41p area according to how keen you are. Remember, the last report said "On time and on budget," and I rate management credibility as good. | boadicea | |
| 04/3/2011 19:53 | gold production ramp up starts this month, getting more valuable everyday this company, a re-rating will come soon enough I'm sure | dvsfm | |
| 04/3/2011 08:12 | Only a matter of time before another upward shift, MMs playing games!! | ollyb10 | |
| 04/3/2011 08:00 | MM's keep walking this down a penny before open everyday this week | vivgav | |
| 04/3/2011 00:21 | there was a buy of 250k the previous day after hours at 47p watching this one like a hawk :) | divinausa1 |
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