Kingsrose Mining
(ASX:KRM) is continuing to increase working areas at its Talang Santo Mine in South Sumatra, Indonesia.
Yesterday the miner shipped more than 2000 ounces of gold and just under 7500 ounces of silver, weeks after receiving the proceeds of its first dore yield.
In the past seven weeks, Kingsrose has almost doubled the number of on-site staff there, with 23 working areas targeted to support meeting the mill’s current capacity.
Kingsrose has acurrent cash balance and bullion on hand of $48.62 million Australian dollars.
Kingsrose Mining
(ASX:KRM) reported a net loss of $3.9 million for the half year ended 31st December, 2013.
