Amara Mining plc Announces 2013 Production Results for Kalsaka/Sega Gold Mine

Amara Mining plc Announces 2013 Production Results for Kalsaka/Sega Gold Mine 
LONDON, UNITED KINGDOM -- (Marketwired) -- 01/20/14 --  Amara Mining
plc (TSX: AMZ) (AIM: AMA) 
Amara Mining plc
 ("Amara" or "the Company") 
2013 PRODUCTION RESULTS FOR KALSAKA/SEGA GOLD MINE 
Amara Mining plc, the AIM-listed West African focused gold mining
company, is pleased to announce the production results for its
Kalsaka/Sega Gold Mine ("Kalsaka/Sega") in Burkina Faso. 
Highlights 


 
--  Full year production of 42,348 ounces at Kalsaka/Sega
--  86% increase in production to 14,926 ounces in Q4 2013 compared to
    previous quarter (Q3: 8,008 ounces) as higher grade material from Sega
    is realised
--  Robust financial position -- cash and liquid assets of US$20.0 million
    at year end
--  2014 production guidance from Kalsaka/Sega of 60,000-70,000 ounces

  
Peter Spivey, Chief Executive Officer of Amara, commented: 
"2013 was a challenging year for the gold sector and it's testament
to our exploration, operational and corporate teams that we delivered
all three of our key targets: the successful integration of Kalsaka
and Sega, the completion of the Baomahun Feasibility Study and the
delivery of a Mineral Resource update (six million ounces) for
Yaoure. We are pleased to begin the New Year by announcing that our
revised FY2013 production guidance has been exceeded, despite the
lower grades we encountered as Kalsaka reached the end of its life
and the delay in commencing production from Sega, and we look ahead
to continued stronger production in 2014 as a result of the higher
grade Sega material." 
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http://www.rns-pdf.londonstockexchange.com/rns/0064Y_1-2014-1-19.pdf 
This information is provided by RNS
 The company news service from
the London Stock Exchange 
For more information please contact: 
Amara Mining plc
John McGloin
Chairman 
Peter Spivey
Chief Executive Officer 
Pete Gardner
Finance Director 
Katharine Sutton
Head of Investor Relations 
+44 (0)20 7398 1420 
Peel Hunt LLP
(Nominated Adviser & Joint Broker)
Matthew Armitt
Ross Allister 
+44 (0)20 7418 8900 
GMP Securities Europe LLP
(Joint Broker)
Richard Greenfield
David Wargo 
+44 (0)20 7647 2800 
Bell Pottinger - Pelham
(Financial Public Relations)
Mark Antelme
Lorna Spears
+44 (0)20 7861 3232 
 
 
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