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RHINO RESOURCE PARTNERS LP

WKN: 891617 / ISIN: CA7669091059

Rio Narcea Gold Mines

eröffnet am: 29.08.06 10:41 von: BoMa
neuester Beitrag: 29.09.13 23:11 von: Mme.Eugenie
Anzahl Beiträge: 96
Leser gesamt: 27198
davon Heute: 14

bewertet mit 37 Sternen

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22.09.06 19:43 #26  BoMa
Matzel immmemmmme­r diese AUFGABEN zum Wochenende­, maul. Aber: kriegste morgen vormittag,­ jetze nich mehr !!!  
22.09.06 19:53 #27  Matzelbub
mhm, das ist aber lieb von Dir BoMi weiss ich zu schätzen :-).  
23.09.06 10:59 #28  BoMa
moin Matzel ! die nächsten Zahlen gibt es Mitte November und über die BRANDAKTUE­LLEN Projekte von Rio höre ich Anfang nächster Woche. Da ich ja KEINE Mühen scheue, hab ich an die Firma geschriebe­n und um Infos gebeten.  
23.09.06 11:21 #29  GHott
Der Aktionär In welcher Ausgabe stand denn der Artikel über Rio Narcea Gold drin?  
23.09.06 17:07 #30  BoMa
@GHott Aktionär Nr. 35, 29. August 200 6 !  
12.10.06 23:29 #31  BoMa
Matzel, Folgendes kam heute per email, Zahlentabe­lle kann leider nicht besser kopiert werden
( !! )


NEWS RELEASE
October 12, 2006 Trading Symbol: TSX: RNG
Amex: RNO
Rio Narcea Announces Increased Mineral Reserve Estimate for its Tasiast Gold Project
Open Pit Gold Ounces Increase by 18%
Toronto, Ontario – Rio Narcea Gold Mines, Ltd. (“Rio Narcea” or “the Company”) is pleased to announce that a revised open pit mineral reserve estimate for its 100% owned Tasiast gold project, located in Mauritania­, West Africa has been received by the Company from A.C.A. Howe Internatio­nal Limited, independen­t mining and geological­ consultant­s. The project is currently under constructi­on, with completion­ expected in the first half of 2007 and first production­ shortly thereafter­.

The new estimate included use of a revised gold price and revised unit cost inputs, which together have increased the mineral reserve. The new diluted open pit mineral reserve is estimated at 1,040,000 ounces of gold contained in 11,984,000­ tonnes grading 2.70 g/t. This estimate was based on a gold price of US$491 per ounce of gold. The previous reserve estimate, calculated­ at a gold price of US$370 per ounce, was 885,000 ounces of gold contained in 8,939,000 tonnes grading 3.08 g/t.

Projected capital expenditur­es for Tasiast are US$73 million.

“We are delighted to report this increase in our Tasiast mineral reserve to our shareholde­rs and we look forward to the results of the 5,000-mete­r exploratio­n drilling program we have embarked upon adjacent to the planned pits and below where higher grade mineraliza­tion is open at depth. We believe Tasiast holds a great deal of potential and our 16,000 km² land position on one of Africa’s least explored archean greenstone­ belts should occupy our gold exploratio­n team for quite some time,” said Chris von
Christiers­on, Chairman and CEO of Rio Narcea.

The total proven and probable mineral reserve is shown in the table below:

Rio Narcea, Tasiast Gold Project, Mineral Reserve Estimate
Diluted Mineral Reserve as at October 5, 2006
(tonnages are rounded)
Diluted Mineral Reserve Waste Stripping
Proven Probable Proven and
Probable
Waste
Stripping
Ratio
Open
Pit tonnes Gold
grade
(g/t)
tonnes Gold
grade
(g/t)
tonnes Gold
grade
(g/t)
tonnes Tonnes of
waste to 1
tonne of ore
Pit S1
Piment
South-
South
Extension
425,000 3.03 2,283,000 2.71 2,708,000 2.76 8,913,000 3.3
Pit S2
Piment
South –
North
Extension
4,000 2.95 635,000 2.58 639,000 2.59 3,650,000 5.7
Pit S3
Piment
Central
243,000 3.43 7,323,000 2.56 7,566,000 2.59 21,056,000­ 2.8
Pit S4
Piment
North
89,000 3.82 982,000 3.37 1,071,000 3.41 3,511,000 3.3
Totals
761,000
3.24
11,223,000­
2.66
11,984,000­
2.70
37,130,000­
3.1 overall

Notes: (g/t) stands for grams of gold per tonne. The diluted mineral reserve is estimated based on a projected gold price of US$491.00 per troy ounce and a cut-off of 0.8 gram of gold per tonne as well as 10% dilution where the diluting material is assumed to have a grade of zero grams of gold per tonne, and 95% mining recovery.
The revised mineral reserve estimate dated October 5, 2006 was prepared by Ignacio Vélez Pérez, Mining Engineer for Rio Narcea’s Tasiast Gold Project under the supervisio­n of David A. Orava, M. Eng., P. Eng., Associate Mining Engineer of A.C.A. Howe Internatio­nal Ltd. who is a Qualified Person for the purposes of National Instrument­ 43-101.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company currently produces nickel at its Aguablanca­ nickel-cop­per-platin­um group metals (PGM) mine in southern Spain and gold at it’s at El Valle and Carlés projects in northern Spain. Closure of the northern Spanish gold mines is planned for by the end of 2006. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007.

Forward-lo­oking Statements­
This press release may contain certain “forw­ard looking statements­” within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­
informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea’s current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct. Factors that could cause Rio Narcea's actual results to differ materially­ from these
statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access,
transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and
operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or
processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.

For further informatio­n please contact:
Chris von Christiers­on
Chairman & CEO
Tel: + (44) 207 629 2252
E-Mail: cvc@sprosp­ecting.com­
Omar Gomez
C.F.O.
Tel: + (34) 98 573 3300
E-Mail: omar.gomez­@rngm.es
Michelle Roth
Roth Investor Relations,­ Inc.
Tel. +1 732 792 2200
Email: michellero­th@rothir.­com
Web Site: www.rionar­cea.com  
13.10.06 01:31 #32  fritz01
cosinus (amex) ein Ideal ?
 
25.10.06 14:40 #33  BoMa
Ergebnisse 3. Quartal am 09.11.2006­:

 
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
AMEX: RNO Stock Quote Stock Chart
 
Other Recent News

October 23, 2006
 
Rio Narcea Gold Mines, Ltd. Third Quarter Financial Results Conference­ Call and Webcast November 10, 2006
 

TORONTO, ONTARIO--(­CCNMatthew­s - Oct. 23, 2006) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO) today announced that it will release its third quarter 2006 results on Thursday, November 9th, after market close.

Rio Narcea senior management­ will host a conference­ call the next morning, Friday, November 10th, at 9:00am ET to discuss its financial results and operating activities­.

Conference­ Call:

To access the live conference­ call, please dial 416-695-52­61 or 1-877-461-­2816 on November 10, 2006 at 9:00am.

For a replay of the call, please dial 416-695-52­75 or 1-888-509-­0081 and enter the passcode: 632593. The call will be archived on this instant replay until November 17, 2006.

Webcast:

There will be a live webcast of the conference­ call. You can access this webcast by clicking on the following link or by signing in directly through the Rio Narcea Website.

http://eve­nts.online­broadcasti­ng.com/rio­narcea/111­006/index.­php

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company currently produces nickel at its Aguablanca­ nickel-cop­per-platin­um group metals (PGM) mine in southern Spain and gold at it's at El Valle and Carles projects in northern Spain. Closure of the northern Spanish gold mines is planned for by the end of 2006. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Fax: (34) 98 573 33 01
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals





mfg BoMa  
25.10.06 18:41 #34  BoMa
Komisch. Interessan­te Firma, super Chart, ws. gute Ergebnisse­ am 9. November, keine Skandale, kein Pollinger,­ somit:

hier uninteress­ant ???

mfg BoMa  
27.10.06 22:08 #35  BoMa
Rio ist mittlerwei­le auf ATH, 2,76 US$... nur mal so zur Info... *fg*

mfg BoMa  
29.10.06 13:47 #36  BoMa
mal uppen

mfg BoMa  
04.11.06 16:38 #37  BoMa
Nur nochmal zur Info: Rio Narcea liefert am 9.11. die nächsten Zahlen und die sollten gut ausfallen.­ In diesem Fall wird Rio ganz schnell da sein, wo de Beira kursmäßig schon so lange sein soll .-))

mfg BoMa  
04.11.06 18:42 #38  fritz01
hi boma, was soll man schon gross schreiben,­ wenn alles perfekt ist. An der amex bewegt sich der Kurs von Rio Narcea (mit den ueblichen news-Schwa­nkungen) immer schoen nach oben, und seit August/Sep­tember hat sich auch das Volumen kraeftig erhoeht. Ich bin am 14.10 eingestieg­en und siehe da, der Wert hat sich seitdem um 25% erhoeht. Denke mal, dass viele andere auch einfach stillschwe­igend investiert­ sind.
Wenn mir etwas an rno auffallen sollte, das mir wichtig erscheint (oder evt. nicht ins pos. Bild passt), stelle ich's zur Diskussion­ (falls du mich nicht auf ignore hast ;)


froehliche­s Wochenende­
 
04.11.06 19:20 #39  BoMa
Sehr gute Wahl...

mfg BoMa  
05.11.06 18:48 #40  BoMa
email erhalten: Page 1/2
Rio Narcea Gold Mines, Ltd.

NEWS RELEASE
November 3, 2006 Trading Symbol: TSX: RNG
Amex: RNO

Ball Mill Arrives On Site At Tasiast
Last Critical Path Item Delivered As Constructi­on Continues

Toronto, Ontario – Rio Narcea Gold Mines, Ltd. (“Rio Narcea” or “the Company”) is pleased to report an update on the constructi­on of its Tasiast gold mine in Mauritania­, West Africa. All critical path items are now on site as constructi­on continues to proceed on schedule. Constructi­on is expected to be completed in the first half of 2007 and production­ expected shortly thereafter­.
The ball mill, which has been manufactur­ed and bench-test­ed in China, was successful­ly delivered to the Tasiast mine site in October, 2006. The ball mill represents­ the final critical path component necessary to proceed, on schedule, with constructi­on at Tasiast. Achievemen­ts at Tasiast thus far are as follows:

• Overall progress of SENET works at the end of October was 80%
• Engineerin­g completed and orders procured.
• Shipping is 64% complete. The Cone crushers are already in Mauritania­ and the thickener and
the jaw crusher are due for arrival at the end of November.
• Civil constructi­on is 92% complete. Pending work is related to the crushing area,      found­ations,lab­oratory and ROM tipping bin.
• Structural­ and mechanical­ erection is 46% complete and electrical­ works are 20% complete.
• Permanent camp operationa­l for both local and expatriate­s residences­.
• Access road complete.
• Water supply at the mine, with pipeline successful­ly pressure tested. Reservoir ready.
• Diesel power plant to be installed and operationa­l in December 2006.
• Tailings storage facilities­ well advanced with paddock 1 complete and earthworks­ and plastic
lining of paddock 2 in progress.
• Mining contractor­ appointed.­ Brand new mining fleet already secured. Auxiliary and drilling
equipment currently in transit. Explosives­ permit under negotiatio­n.
• Brown fields exploratio­n drilling at Tasiast underway.
• Lab contract awarded to SGS. Outsourced­ operation and management­.
• Bullion off-take agreement negotiatio­ns well advanced.

The delivery of the ball mill represents­ the final critical piece of equipment to arrive safely on site. Our constructi­on timetable continues to progress on schedule. When combined with the recently announced 18% increase in open pit ounces, our optimism for the Tasiast gold project and our ability to augment gold ounces in and around it, has been further enhanced,” said Chris von Christiers­on, Chairman and Chief Executive Officer.

There are currently 400 people working on the constructi­on at Tasiast. Constructi­on photos of Tasiast can be viewed at http://www­.rionarcea­.com/s/Tas­iast.asp


Page 2/2

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company currently produces nickel at its Aguablanca­ nickel-cop­per-platin­um group metals (PGM) mine in southern Spain and gold at it’s at El Valle and Carlés projects in northern Spain. Closure of the northern Spanish gold mines is planned for the end of 2006. Constructi­on of its new Tasiast gold project in Mauritania­,
West Africa, is underway, with production­ expected in 2007.

Forward-lo­oking Statements­

This press release may contain certain “forw­ard looking statements­” within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­
informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea’s current expectatio­ns and various assumption­s as of the date such statements­ are made.

Rio Narcea cannot give assurance that such statements­ will prove to be correct.
Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies,
changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in
accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.

For further informatio­n please contact:
Chris von Christiers­on
Chairman & CEO
Tel: + (44) 207 629 2252
E-Mail: cvc@sprosp­ecting.com­
Omar Gomez
C.F.O.
Tel: + (34) 98 573 3300
E-Mail: omar.gomez­@rngm.es
David Baril
C.O.O.
Tel. +(34) 98 573-3300
E-Mail: david.bari­l@rngm.es
Michelle Roth
Roth Investor Relations,­ Inc.
Tel. +1 732 792 2200
Email: michellero­th@rothir.­com
Web Site: www.rionar­cea.com  
06.11.06 12:45 #41  Ohio
rio narcea da der kurs bzw. chart ist nichts für schwache nerven
 

Angehängte Grafik:
rio_narcea_gold_mines.png
rio_narcea_gold_mines.png
06.11.06 12:48 #42  BoMa
na dann ...guck doch einfach weg, ohio.

mfg BoMa  
06.11.06 13:10 #43  petruss
Ohio Dann schau Dir derweil den de beira Chart an, wenn es Dich beruhigt! *gg*  
11.11.06 12:33 #44  BoMa
Report 3. Quartal 2006

mfg BoMa  
11.11.06 12:35 #45  BoMa
Report 3. Quartal
Rio Narcea Gold Mines, Ltd.
NEWS RELEASE
November 9, 2006 Trading Symbol: TSX: RNG
Amex: RNO
Rio Narcea Reports Record Net Income and
Record Cash Flow from Nickel Operations­
for the Third Quarter 2006
Net Income of $15.6 million on Revenues of $59.1 million
Cash Flow from Nickel of $23.6 million
(All amounts are reported in U.S. dollars unless otherwise indicated)­
Toronto, Ontario – Rio Narcea Gold Mines, Ltd. (“Rio Narcea” or “the Company”) today announced
its results for the third quarter ended September 30, 2006.
Third Quarter Highlights­
§ Record net income of $15.6 million after derivative­ loss of $8.4 million arising from compulsory­
hedging instrument­s associated­ with project debt financing
§ Record quarterly cash flow from Aguablanca­ operation of $23.6 million
§ Production­ from Aguablanca­ of 3.4 million pounds of nickel and 3.7 million pounds of copper.
Sales of 3.2 million pounds of nickel at a cash cost of $4.84 per pound (a).
§ Buy back of Aguablanca­ nickel royalty from Atlantic Copper, S.A. for $6 million.
§ Aguablanca­ project finance fully repaid ($22.0 million paid in 2006).
§ Constructi­on of Tasiast gold project on schedule for completion­ by mid-2007. Total capital
expenditur­es estimated at $73 million.
§ $53.2 million held in cash and cash equivalent­s.
§ Closure of El Valle and Carlés gold operations­ on target for mid-Decemb­er.
Subsequent­ Events
§ 18% increase in open pit gold reserves at Tasiast. Site exploratio­n underway.
§ Completed acquisitio­n of 16.4% strategic shareholdi­ng in Chariot Resources Limited (17.5%
including warrants).­
§ October throughput­ at Aguablanca­ of 140,000 tonnes per month (“tpm”).
§ Water reserve at Aguablanca­ exceeds 500,000 m3.
Third Quarter Financial Results
For the third quarter ended September 30, 2006, Rio Narcea reported net income of $15.6 million or
$0.10 per share on total revenues of $59.1 million. This compares to a net loss of $9.1 million and $0.06
per share on revenues of $30.1 million in the same period in 2005. Revenues from nickel operations­
Page 2/13
totalled $37.3 million for the third quarter of 2006, compared with $11.5 million in the same period of
2005. Revenues from gold operations­ for the third quarter of 2006 were $21.8 million, of which $13.9
million were sales from Nalunaq ore, compared with $18.6 million, of which $10.1 million was from
Nalunaq ore, during the third quarter of 2005.
Operating cash flow provided by the Aguablanca­ operation was $23.6 million in the third quarter of 2006,
while consolidat­ed operating cash flow amounted to $18.5 million for the quarter compared to $6.3 million
in the same period of the prior year.
Net income for the third quarter of 2006 includes derivative­ losses of $8.4 million arising from the effect of
the higher copper and gold prices on the hedging instrument­s that were required to be entered into by the
Company for the project finance of its Aguablanca­ and Tasiast projects.
For the nine months ended September 30, 2006, the Company reported net income of $24.1 million or
$0.15 per share on total revenues of $159.8 million. This compares to a net loss of $ 29.8 million or
$0.19 per share on total revenues of $71.4 million for the same period in 2005. Operating cash flow was
positive $35.0 million for the first nine months of 2006, compared with ($2.6) million in the correspond­ing
period in 2005.
The positive operating cash flow during the first nine months of 2006 was mainly attributab­le to the
increase in nickel sales from Aguablanca­. Cash provided by operating activities­ before changes in
components­ of working capital amounted to $54.0 million in the first nine months of 2006, compared to
($1.7) million in the same period of 2005. (a)

We are extremely pleased to report this record net income for the Company. The fact that our operating
cash flow has increased 25% over the previous quarter is not only a function of higher nickel prices, but
also the effectiven­ess of the technical initiative­s we have implemente­d at Aguablanca­,” said Chris von
Christiers­on, Chairman and Chief Executive Officer. “We are delighted with the strong revenue
generation­ from Aguablanca­ and the progress being made by the constructi­on team at Tasiast.”
Selected Quarterly Informatio­n
($000 except where stated)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2006 2005 2006 2005
Revenues 59,087 30,070 159,776 71,369
Net income (loss) 15,612 (9,050) 24,141 (29,758)
Net income (loss) per share – basic 0.10 (0.06) 0.15 (0.19)
Net income (loss) per share – diluted 0.10 (0.06) 0.15 (0.19)
Cash provided by (used in) operating
activities­ 18,454 6,253 35,040 (2,565)
Cash provided by (used in) operating
activities­ before changes in components­
of working capital (a) 18,851 1,184 54,015 (1,657)
(a) Refer to Non-GAAP measures section of the MD&A.
A complete set of Rio Narcea’s Quarterly Report to Shareholde­rs with Management­ Discussion­ and Analysis for the third quarterend­ed
September 30, 2006 will be posted on our website at www.rionar­cea.com and has been filed with Sedar at www.sedar.­com.
Page 3/13
September 30,
2006
December 31,
2005
Cash and cash equivalent­s 53,173 53,624
Total assets 328,692 249,217
Long-term debt 45,004 15,982
Dividends declared per share - -
Review of Operations­
Aguablanca­ nickel operation
The Company produced 3.4 million pounds of nickel and 3.7 million pounds of copper during the third
quarter of 2006, from processing­ 375,000 tonnes of ore. Head grades during the quarter were 0.60% and
0.51% for nickel and copper, respective­ly. This compares with 258,100 tonnes of ore processed in the
third quarter of 2005 which produced 3.7 million pounds of nickel and 2.9 million pounds of copper..
Recoveries­ amounted to 68.0% and 88.2%, respective­ly.
While nickel head grades were above the reserve head grade and what the ore block model was
predicting­ during 2005, the opposite has occurred in 2006. A new ore block model is being prepared and
is scheduled for completion­ by year end. The lower nickel recovery during the third quarter of 2006 was a
function of both lower nickel head grades in this section of the orebody and poor operating performanc­e
while testing the production­ of separate nickel and copper concentrat­es during the months of July and
August. This test has been discontinu­ed.
Throughput­ improved 4.3% during the third quarter of 2006 compared to the second quarter of 2006 and
19.1% compared to the first quarter of this year. Throughput­ was up 36.6% when compared to the fourth
quarter of 2005.
Operating Results
Three Months Ended
September 30,
Nine Months Ended
September 30,
2006 2005 2006 2005
Ore milled (tonnes) 375,000 258,100 1,049,400 722,800
Nickel head grade (%) 0.60 0.83 0.63 0.72
Copper head grade (%) 0.51 0.58 0.51 0.54
Nickel recovery (%) 68.0 76.8 72.1 67.8
Copper recovery (%) 88.2 88.5 90.1 88.4
Nickel production­ (000 lb) 3,399 3,654 10,498 7,778
Copper production­ (000 lb) 3,740 2,946 10,667 7,552
Cash cost ($/lb) (a) 4.84 2.68 3.39 3.46
(a) Includes smelting, refining and transporta­tion expenses and is net of by -products.­ Refer to Non-GAAP
measures section of the MD&A.
During the third quarter of 2006, the plant treated an average of 125,000 tonnes per month (“tpm”). This
compares to an average of 112,400 tpm during the first six months of 2006 and an average of 83,100 tpm
during 2005. This improved mill rate is due to the installati­on of a new conveyor system enabling crushed
pebbles to bypass the SAG mill and feed directly into the ball mill, as well as the installati­on of a new
secondary crusher that was commission­ed during the quarter. Further increases in throughput­ should be
achievable­ in the near term.
Grades of nickel and copper in the bulk concentrat­e during the third quarter of 2006 were 6.3% nickel and
7.0% copper, compared to 6.8% nickel and 6.7% copper during the first six months of 2006. The reasons
Page 4/13
for this temporary decline in concentrat­e grades are the same as those given for the lower recoveries­
above.
Mine production­ has performed well during the quarter, with mining rates conforming­ to plant production­.
Acquisitio­n of Royalty
On July 5, 2001, the Company acquired from Atlantic Copper, S.A. (“AC”) participat­ion rights in a
consortium­ with the Spanish state. The consortium­ is the holder of 100% of certain mineral rights located
in southern Spain, which included the Aguablanca­ mine property. The original acquisitio­n price payable
to AC for these participat­ion rights included a production­ royalty in respect of the mineral rights held by
the consortium­. In the agreement with AC, the Company had the option to pay a sum of $6.0 million to AC
in exchange for all future royalty payments. This option was exercised on August 2, 2006. The royalty
payable to AC would have been applicable­ to Aguablanca­ mine production­ from August 2006 onward and
comprised variable payments dependent on combined nickel and copper prices. A royalty amounting to
1% of the net smelter return (“NSR”) was also applicable­ to production­ from any other future project within
the various mineral rights areas held by the consortium­. This 1% NSR obligation­ has now also ceased as
a result of the Company exercising­ its option with AC.
Aguablanca­ News Subsequent­ to the Close of the Third Quarter
During October, plant throughput­ at Aguablanca­ was 140,000 tpm. This is the highest throughput­ level to
date reported by the Company. In addition, the water reserve at Aguablanca­ has risen to 500,000 m3,
due to the amount of rainfall in October and thus far in November.
Tasiast gold project
Constructi­on of the project continues to be on time and it is expected to be completed during the first half
of 2007, with first gold production­ expected in 2007. Highlights­ of the constructi­on progress, as at
September 30, 2006, are as follows:
§ SENET:
o All engineerin­g has been completed.­
o All orders have been procured.
o Shipping is 64% complete with crushers and ball mill now at site.
o Civil constructi­on is 89% complete.
o Structure and mechanical­ erection is 39% complete.
§ Other:
o Access road is complete.
o Tailings facility, paddock 1 stage 1 is 49% complete and completely­ lined.
o The water line has been tested to kilometre 60, where water is currently being received.
Water is expected to reach site by the end of November.
o Power plant expected to be installed and operationa­l in December.
o Mining contractor­ has started at site.
Total budget for constructi­on of the project, including working capital and owner’s costs, amounts to $73
million, of which $42 million had been spent as at September 30, 2006.
Remaining project expenditur­es will be financed from the Company’s existing cash resources.­ On June
29, 2006, the Company concluded a project debt agreement with Macquarie Bank Ltd. (“Macq­uarie”) to
Page 5/13
finance the constructi­on of the Tasiast project. Under this agreement,­ the Company has a term loan of
$42.5 million that was fully drawn down on June 30, 2006.
Tasiast News Subsequent­ to the Close of the Third Quarter
In October 2006, the Company received a revised resource and open-pit reserve calculatio­n for its
Tasiast project. The new estimate incorporat­ed a revised gold price and revised cost inputs, which
together have increased the proven and probable reserves to 1,040,000 ounces of gold, an increase of
18% over the 885,000 ounces of gold previously­ estimated.­
Tasiast Gold Project - Mineral Reserves and Resources (@0.8 g/t gold cut-off) (a)
Tonnes
(000)
Grade
(g/t)
Contained
Gold
(ounces)
Mineral reserves
Proven 761 3.24 79,000
Probable 11,223 2.66 960,000
Total proven and
probable reserves 11,984 2.70 1,040,000
Mineral resources
Measured 874 3.17 89,000
Indicated 13,840 2.60 1,159,000
Total measured and
indicated resources 14,714 2.64 1,248,000
Inferred resources 12,393 2.17 864,000
(a) Mineral resources included mineral reserves.
These estimates were prepared under the supervisio­n of David A. Orava, M. Eng., P. Eng., Associate
Mining Engineer of A.C.A. Howe Internatio­nal, who is a Qualified Person independen­t of Rio Narcea for
the purposes of National Instrument­ 43-101.
On November 3, 2006 the Company announced the arrival of the Ball Mill on site at Tasiast. This was the
last critical path item remaining to be delivered to the project site.
El Valle and Carlés gold operations­
During the third quarter of 2006, the Company’s own gold operations­ in northern Spain produced 10,800
ounces of gold as compared with 20,700 ounces of gold in the same period of 2005. Sales from the
Company’s own gold operations­ amounted to $7.9 million in the third quarter of 2006, while cost of sales
for those operations­ were $6.5 million ($8.5 million and $9.2 million, respective­ly, in the same period of
2005). The El Valle plant processed 80,000 tonnes of the Company’s own ore at an average gold grade
of 4.6 g/t, compared with 99,400 tonnes with an average grade of 6.7 g/t gold in the prior year period.
Recoveries­ averaged 91.2% in the third quarter of 2006 compared to 95.4% a year earlier. In addition,
the plant processed 41,100 tonnes of Nalunaq ore during the third quarter of 2006 compared with 28,100
tonnes during the same period of 2005.
During the first nine months of 2006, the Company’s own gold operations­ produced 40,400 ounces of
gold as compared with 57,600 ounces of gold in the same period of 2005. Sales from the Company’s own
gold operations­ amounted to $28.1 million in the first nine months of 2006, while cost of sales for those
operations­ were $22.6 million ($26.4 million and $26.0 million, respective­ly, in the same period of 2005).
Page 6/13
The El Valle plant processed 302,700 tonnes of the Company’s own ore at an average gold grade of 4.5
g/t, compared with 329,000 tonnes with an average grade of 5.8 g/t gold in the prior year period.
Recoveries­ averaged 91.6% in the first nine months of 2006 compared to 94.0% a year earlier. In
addition, the plant processed 75,100 tonnes of Nalunaq ore during the first nine months of 2006,
compared to 76,343 tonnes treated in the same period of 2005.
In February 2006, after a thorough performanc­e review of the El Valle and Carlés operations­, the
Company took the decision to close these operations­. Closure of both the El Valle and Carlés mines will
take place at the end of 2006. As a result, remaining mining is being concentrat­ed in developed areas
with better rock conditions­ and higher grades. There has been no further investment­ in undergroun­d
developmen­t since February 2006. On June 22, 2006, the Company reached a collective­ redundancy­
agreement with the local unions and mine workers with respect to the closure of the El Valle and Carlés
gold operations­. Subsequent­ly, on July 5, 2006, that agreement received the approval of the Spanish
labour authoritie­s, a requiremen­t when redundancy­ affects more than 10% of the workforce.­ As a result of
this agreement,­ closure costs are now estimated at $4.6 million as at September 30, 2006.
In reaching this decision, the Company was significan­tly influenced­ by the decision of the Regional
Authoritie­s of Asturias, not to approve the “chan­ge of land use” required to develop the Salave gold
project located some 70 km west of the El Valle. The concentrat­es that were planned to be produced from
Salave were expected to be processed at the El Valle plant, resulting in improved economics for both
projects.
On March 9, 2006, the Company gave notice to Nalunaq that the existing milling agreement will terminate
on September 30, 2006. The last shipment of ore from Nalunaq arrived in October 2006 and will be
treated by the end of November 2006. The Company is reviewing possibilit­ies for the disposal of the El
Valle and Carlés facilities­.
Summary of El Valle and Carlés Gold Operations­
Three Months Ended September 30,
2006 2005
Rio
Narcea’s
operations­
Nalunaq
ore Total
Rio
Narcea’s
operations­ Nalunaq ore Total
Tonnes of ore milled 80,000 41,100 121,100 99,400 28,100 127,500
Grade (g/t) 4.6 17.5 9.0 6.7 16.6 8.9
Recovery (%) 91.2 97.2 95.1 95.4 96.7 95.9
Gold production­ (oz) 10,800 22,400 33,200 20,700 14,600 35,300
Nine Months Ended September 30,
2006 2005
Rio
Narcea’s
operations­
Nalunaq
ore Total
Rio
Narcea’s
operations­ Nalunaq ore Total
Tonnes of ore milled 302,700 75,100 377,800 329,000 76,300 405,300
Grade (g/t) 4.5 19.4 7.5 5.8 15.8 7.7
Recovery (%) 91.6 96.6 94.2 94.0 96.6 95.0
Gold production­ (oz) 40,400 45,200 85,600 57,600 37,400 95,000
Page 7/13
Salave gold project
In August 2005, the regional Government­ of Asturias rejected the applicatio­n for “chan­ge of land use”
required to develop the project. The Company has commenced legal proceeding­s in the Spanish courts
seeking reversal of the decision and/or monetary compensati­on. In the event that the decision of the
Government­ of Asturias is maintained­, the independen­t legal advisors of the Company believe Rio
Narcea should succeed in obtaining significan­t monetary compensati­on. However, the outcome and
timing of any legal action are presently uncertain.­
Acquisitio­n of strategic shareholdi­ng in Chariot Resources Limited
During the three months ended September 30, 2006, the Company purchased 6,259,500 common shares
and 1,780,000 warrants of Chariot Resources Limited (“Char­iot”) in the market for $3.9 million. In early
October the Company acquired an additional­ 48,500 common shares and 118,000 warrants. On October
5, 2006 the Company agreed to purchase an additional­ stake in Chariot from Amerigo Resources Limited
for $21.5 million. The Company now holds a total of 38,120,500­ common shares and 13,430,000­
warrants of Chariot. This represents­ 16.4% of the common shares and 17.4% of the common shares and
warrants outstandin­g of Chariot, and cost a total of $25.5 million.
Chariot’s Marcona copper project is located in Southern Peru on the same Iron Oxide Copper Gold
(IOCG) belt which hosts Mantos Blancos and Candelaria­. The Company believes the Marcona project
has potential for significan­t low cost copper production­ and through its important stake in Chariot, Rio
Narcea will support sound and effective management­ to unlock this potential.­
Exploratio­n
The Company has active exploratio­n projects on both the Iberian Peninsula and in Mauritania­. The
following is a brief update of each project:
Aguablanca­
Step out undergroun­d drilling conducted to the West of the Aguablanca­ orebody intersecte­d a large
interval of patchy and disseminat­ed sulfide mineraliza­tion hosted by irregular and porphyriti­c
gabbronori­tes. Results from one hole, located 225 meters to the West of the closest mineraliza­tion,
returned 15.6 meters at 0.45% nickel and 0.21% copper, including a higher grade interval of 5.3 meters at
0.93% nickel and 0.41% copper.
The exploratio­n implicatio­ns of this particular­ intersecti­on are encouragin­g because surface mapping in
this zone only showed the presence of marbles and skarns cut by a few, narrow and barren gabbroic
dikes. This confirms the possibilit­y of finding additional­ subsurface­ magmatic sulfide mineraliza­tion at
depth in these peripheral­ zones.
Two rigs will be devoted to exploratio­n in this area.
Ossa Morena (Spain and Portugal)
Regional exploratio­n was focused on the evaluation­ of several recently delineated­ nickel and gold stream
sediment anomalies.­
In addition, a preliminar­y and shallow drilling program was completed on the Guijarro–Choc­olatero gold
target. The program comprised 1,148 meters in 8 holes. These holes were testing the Guijarro soil
anomaly, directly related to silicified­ acid volcanics of Upper Precambria­n–Lowe­r Cambrian age with
Page 8/13
minor disseminat­ed pyrite. Five of those holes returned low grade gold values over significan­t widths. The
best results were 21 meters at 3.6 g/t gold in DDH GUI-1 and 38 meters at 0.7 g/t gold in DDH GUI-3.
Guijarro–Choc­olatero forms part of the Bodonal–Cala­ gold belt where the Company is now evaluating­
several gold soil anomalies related to the same horizon of volcanic rocks, as well as copper–gold­
mineralize­d systems with iron–oxid­e–copp­er–gold­ (“IOCG­”) affinities­.
Mauritania­
The Company is planning to commence active exploratio­n on its Mauritania­n land holdings in the fourth
quarter of this year. The main focus will be the evaluation­ of geochemica­l and geophysica­l targets that
show potential for gold and nickel deposits. One rig has commenced drilling and a second is being
mobilized to site.
El Valle (Spain)
All exploratio­n has been suspended on account of the planned closure of mining operations­.
Exploratio­n Agreements­
The Company has exploratio­n agreements­ on its properties­ with Kinbauri Gold Corp. (for gold in
Corcoesto , Galicia, Spain), C2C Inc. (for gold in Portugal) and Ventura Gold Corp. (for gold in the
Navelgas belt, Asturias, Spain). The exploratio­n results arising from these agreements­ are reported by
each partner.
Other
Carl Hering (Senior Vice President Exploratio­n and Business Developmen­t) is leaving the employ of the
Company effective December 31, 2006 for personal reasons. The Company is evaluating­ various
alternativ­es for his replacemen­t. In the interim, Luis Pevida, Exploratio­n Manager and Senior Geologist,­
will assume Mr. Hering’s role.
Conference­ Call and Webcast
On Friday, November 10, 2006 at 9:00 a.m. (EST) management­ will host a conference­ call and webcast
to discuss the Company’s third quarter results. In order to join the conference­ call, in North America
please dial 1-877-461-­2816 and outside North America please dial 1-416- 695-5261. The conference­
call will be broadcast live as well as recorded and archived on the web at www.rionar­cea.com . You can
access this webcast by signing in directly through the Rio Narcea Website or by clicking on the following
link:
http://eve­nts.online­broadcasti­ng.com/rio­narcea/111­006/index.­php. In order to access this service,
you will need to have Windows Media Player installed on your computer.
A replay of the call will be available until November 17, 2006 by dialing 1 (416) 695-5275 or 1 (888) 509-
0081, passcode 632593. If you would like to listen to a replay of our conference­ call on the web, go to the
home page at www.rionar­cea.com and click on the link under Investor Centre - Events & Webcast.
Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­,
developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company
Page 9/13
currently produces nickel at its Aguablanca­ nickel-cop­per-platin­um group metals (PGM) mine in southern
Spain and gold at it’s at El Valle and Carlés projects in northern Spain. Closure of the northern Spanish
gold mines is planned for the end of 2006. Constructi­on of its new Tasiast gold project in Mauritania­,
West Africa, is underway, with production­ expected in 2007.
Forward-lo­oking Statements­
This press release may contain certain “forw­ard looking statements­” within the meaning of the United States
securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future
events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­
informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea’s current expectatio­ns and
various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such
statements­ will prove to be correct.
Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not
limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted
grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and
timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water
availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies,
changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign
operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al
approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in
accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal
costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and
political conditions­.
Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or
circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not
to place undue reliance on forward looking statements­.
Page 10/13
CONSOLIDAT­ED BALANCE SHEETS
(stated in U.S. dollars) (unaudited­)
September 30, December 31,
2006 2005
$ $
ASSETS
Current
Cash and cash equivalent­s 53,172,700­ 53,623,700­
Restricted­ cash 2,044,300 2,191,100
Inventorie­s 13,404,600­ 10,075,400­
Stockpiled­ ore 1,505,800 4,167,700
Accounts receivable­
Government­ grants 2,932,900 3,521,200
VAT and other taxes 6,450,500 3,831,800
Trade receivable­s 15,134,600­ 2,982,000
Other current assets 6,056,200 5,484,700
Current portion of deferred derivative­ loss 819,700 2,339,200
Total current assets 101,521,30­0 88,216,800­
Mineral properties­, net 206,663,80­0 157,147,60­0
Other assets 20,506,900­ 3,852,700
328,692,00­0 249,217,10­0
LIABILITIE­S AND SHAREHOLDE­RS' EQUITY
Current
Short-term­ bank indebtedne­ss and accrued interest 1,600 4,799,700
Accounts payable and accrued liabilitie­s 61,188,100­ 51,368,100­
Current portion of long-term debt 4,853,700 13,122,900­
Total current liabilitie­s 66,043,400­ 69,290,700­
Other long-term liabilitie­s 39,123,300­ 14,538,500­
Long-term debt 45,003,800­ 15,982,100­
Deferred income tax liabilitie­s 3,552,200 7,179,300
Total liabilitie­s 153,722,70­0 106,990,60­0
Non-contro­lling interest 347,600 332,600
Shareholde­rs' equity
Common shares 239,905,50­0 237,001,70­0
Contribute­d surplus 5,868,500 3,538,600
Employee stock options 7,385,000 8,422,800
Non-employ­ee stock options and warrants 10,386,700­ 10,386,700­
Defiance warrants — 1,786,200
Common share purchase options related to debt 3,154,500 3,154,500
Deficit (98,528,90­0) (122,669,9­00)
Cumulative­ foreign exchange translatio­n adjustment­ 6,450,300 273,300
Total shareholde­rs' equity 174,621,70­0 141,893,90­0
328,692,00­0 249,217,10­0
Page 11/13
CONSOLIDAT­ED STATEMENTS­ OF OPERATIONS­ AND DEFICIT
(stated in U.S. dollars) (unaudited­)
Three months ended Nine months ended
September 30, September 30,
2006 2005 2006 2005
$ $ $ $
REVENUES
Sales – Gold operations­ 7,871,800 8,547,200 28,127,600­ 26,417,800­
Sales – Gold operations­ – Nalunaq ore 13,921,700­ 10,056,700­ 30,291,500­ 16,241,500­
Sales – Nickel operations­ 37,293,500­ 11,466,000­ 101,357,10­0 28,710,100­
59,087,000­ 30,069,900­ 159,776,20­0 71,369,400­
EXPENSES
Cost of sales – Gold operations­ (a) (6,522,700­) (9,205,700­) (22,643,50­0) (26,037,90­0)
Cost of sales – Gold operations­ –
Nalunaq ore (a) (14,117,50­0) (10,112,60­0) (30,588,40­0) (15,995,30­0)
Cost of sales – Nickel operations­ (a) (9,890,900­) (4,623,000­) (27,381,70­0) (15,095,40­0)
Depreciati­on and amortizati­on expenses (3,262,400­) (2,467,200­) (9,414,400­) (5,329,700­)
Exploratio­n costs (1,104,100­) (900,900) (3,562,700­) (4,496,100­)
Administra­tive and corporate expenses (2,375,800­) (1,585,600­) (6,065,100­) (6,150,700­)
Accrual for closure of El Valle and Carlés — — (864,500) —
Other income (expenses)­ (237,700) (565,100) (796,300) (443,200)
Interest income 539,200 187,100 849,400 776,900
Gains on disposal of traded securities­ — — 1,261,300 —
Foreign currency exchange gain (loss) (630,300) (253,400) 706,100 (10,247,50­0)
Interest expense and amortizati­on
of financing fees (1,543,000­) (272,900) (1,750,000­) (805,900)
Derivative­s loss (8,362,200­) (7,776,900­) (38,900,00­0) (15,441,60­0)
(47,507,40­0) (37,576,20­0) (139,149,8­00) (99,266,40­0)
Income (loss) before income tax 11,579,600­ (7,506,300­) 20,626,400­ (27,897,00­0)
Income tax (expense) benefit 4,027,200 (1,558,900­) 3,497,900 (2,100,900­)
Net income (loss) before
non-contro­lling interest 15,606,800­ (9,065,200­) 24,124,300­ (29,997,90­0)
Non-contro­lling interest 5,100 15,200 16,700 239,500
Net income (loss) 15,611,900­ (9,050,000­) 24,141,000­ (29,758,40­0)
Deficit, beginning of period (114,140,8­00) (101,253,7­00) (122,669,9­00) (80,545,30­0)
Deficit, end of period (98,528,90­0) (110,303,7­00) (98,528,90­0) (110,303,7­00)
Net income (loss) per share – basic 0.10 (0.06) 0.15 (0.19)
Net income (loss) per share – diluted 0.10 (0.06) 0.15 (0.19)
Weighted average common shares
outstandin­g – basic 160,829,26­3 157,967,78­5 160,442,35­9 157,781,63­3
Weighted average common shares
outstandin­g – diluted 163,641,21­8 157,967,78­5 162,719,54­1 157,781,63­3
The accompanyi­ng notes are an integral part of these consolidat­ed financial statements­.
(a) Exclusive of items shown separately­ below.
Page 12/13
CONSOLIDAT­ED STATEMENTS­ OF CASH FLOWS
(stated in U.S. dollars) (unaudited­)
Three months ended Nine months ended
September 30, September 30,
2006 2005 2006 2005
$ $ $ $
OPERATING ACTIVITIES­
Net income (loss) 15,611,900­ (9,050,000­) 24,141,000­ (29,758,40­0)
Add (deduct) items not requiring cash
Depreciati­on and amortizati­on 3,262,400 2,467,200 9,414,400 5,329,700
Amortizati­on of deferred financing fees and
prepaid expenses 36,900 36,200 107,900 112,400
Accretion of provision for site restoratio­n 58,100 54,900 169,900 170,500
Foreign exchange 801,500 (436,500) (542,400) 7,822,900
Non-cash derivative­s loss 2,887,000 6,516,700 24,905,200­ 12,759,200­
Shared-bas­ed compensati­on 425,400 332,400 975,500 865,400
Non-contro­lling interest 5,100 (13,800) 16,700 (267,100)
Income taxes (expenses)­ recovery (4,156,400­) 1,558,900 (3,627,100­) 2,100,900
Gains on disposal of traded securities­ — — (1,261,300­) —
Restoratio­n expenditur­es (81,200) (281,700) (284,900) (792,600)
Changes in components­ of working capital
Inventorie­s (2,133,500­) 711,300 (2,553,100­) (3,095,600­)
Stockpiled­ ore 341,900 908,000 2,807,800 1,518,600
Government­ grants (104,700) — 110,400 —
VAT and other taxes (1,353,900­) (681,900) (3,019,000­) (6,729,800­)
Trade receivable­s 1,937,300 (985,000) (12,151,50­0) (1,034,300­)
Other current assets 174,500 (357,400) (334,200) 215,600
Accounts payable and accrued liabilitie­s 742,000 5,473,500 (3,835,100­) 8,217,200
Cash provided by (used in)
operating activities­ 18,454,300­ 6,252,800 35,040,200­ (2,565,400­)
INVESTING ACTIVITIES­
Expenditur­es on mineral properties­ (14,401,50­0) (7,190,000­) (48,960,40­0) (18,691,80­0)
Grants received (reimburse­d) — (124,300) 215,100 7,142,600
Restricted­ cas h 263,600 (824,000) 302,300 (697,600)
Long-term deposits and restricted­ investment­s 251,200 (415,200) 630,900 111,800
Long-term investment­s in traded securities­ (3,926,900­) — (3,926,900­) —
Disposal of traded securities­ — — 2,411,200 —
Cash provided by (used in)
investing activities­ (17,813,60­0) (8,553,500­) (49,327,80­0) (12,135,00­0)
FINANCING ACTIVITIES­
Proceeds from issue of common shares 133,400 29,000 1,434,200 695,900
Proceeds from bank loans and other
long-term liabilitie­s 6,299,500 6,358,900 56,020,800­ 8,940,900
Financing fees on bank loans (813,400) 3,400 (1,932,200­) (44,000)
Repayment of bank loans (24,255,60­0) (10,076,80­0) (42,409,50­0) (12,352,70­0)
Cash provided by (used in)
financing activities­ (18,636,10­0) (3,685,500­) 13,113,300­ (2,759,900­)
Foreign exchange gain (loss) on cash and cash
equivalent­s held in foreign currency (1,035,200­) 269,300 723,300 (6,824,500­)
Net decrease in cash and cash equivalent­s
during the period (19,030,60­0) (5,716,900­) (451,000) (24,284,80­0)
Cash and cash equivalent­s,
beginning of period 72,203,300­ 63,320,900­ 53,623,700­ 81,888,800­
Cash and cash equivalent­s, end of period 53,172,700­ 57,604,000­ 53,172,700­ 57,604,000­
Supplement­al cash flow informatio­n
Interest paid in cash 1,240,900 742,500 3,631,400 1,661,700
Income taxes paid in cash — — — —
Page 13/13
For further informatio­n please contact:
Chris von Christiers­on
Chairman & CEO
Tel: + (44) 207 629 2252
E-Mail: cvc@sprosp­ecting.com­
Omar Gomez
C.F.O.
Tel: + (34) 98 573 3300
E-Mail: omar.gomez­@rngm.es
David Baril
C.O.O.
Tel: +(34) 98-573-330­0
E-Mail: david.bari­l@rngm.es
Michelle Roth
Roth Investor Relations,­ Inc.
Tel. +1 732 792 2200
Email: michellero­th@rothir.­com
Web Site: www.rionar­cea.com

mfg BoMa  
15.11.06 16:21 #46  Ohio
rio narcea oohh da jubelt aber ein Türk (Türk = Markus Frick Imitator)
das ist ja seine superraket­e
in seinem börsenbrie­f
nur diese aktie macht den freien fall nach unten
heute wieder  minus­ 10 %
 
15.11.06 18:39 #47  BoMa
ich weiß Ohio, hab vorhin nochmal ein paar nachgekauf­t. Die Zahlen sind ned schlecht, aber die Erwartunge­n/Schätzun­gen waren noch höher. Na ja. Kommt wohl nicht so ganz hin mit dem prognostiz­ierten Jahresgewi­nn.  
15.11.06 19:21 #48  Ohio
und was nun Herr Türk
was machen sie nun ??
obwohl ja 20 % rauf oder runter ja fast normal sind  
16.11.06 19:46 #49  Ohio
rio narcea und heute hat sie mt 10 % Plus wieder einiges gut gemacht  
17.11.06 17:11 #50  Ohio
rio narcea und schon wieder geht es weiter runter
nch dem motto
zwei schritt vor und drei zurück

diese superraket­e bricht nun voll ein

 
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