http://www.investegate.co.uk/article.aspx?id=201009291200035068T&fe=1

Highlights

Significant progress despite traditionally quieter H1 (due to winter closure of operations)

Completed the construction and commissioning of the Koskuduk gold leach plant

Assembled the mining fleet at Benkala, began pit construction and further progressed other infrastructure work

Signed an engineering design contract with Calder Maloney Pty Ltd for detailed design of the Benkala SE-EW plant

Announced merger discussions were underway with Coville Intercorp Ltd to acquire their 50% interest in the Benkala deposit and their Maminskoye gold deposit in Russia

£6.1 million was received from the exercise of warrants and was used to repay the Zere Group JSC financial facility loans. The facility was subsequently extended for a further 12 months


That explains the large 35% rise yesterday then!

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