{"id":12314,"date":"2022-01-18T16:52:30","date_gmt":"2022-01-18T16:52:30","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=12314"},"modified":"2022-01-18T15:04:43","modified_gmt":"2022-01-18T15:04:43","slug":"xtract-resources-plc-xtr-l-manica-gold-update","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update","title":{"rendered":"Xtract Resources plc (XTR.L) Manica Gold Update"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Board of Xtract Resources Plc (\u201cXtract\u201d or the \u201cCompany\u201d) announces the preliminary unaudited results for all alluvial and hard rock mining contractors for the Manica Concession for the three-month period ended 31 December 2021 (the \u201cPeriod\u201d).<\/p>\n

Highlights<\/b><\/p>\n

\u00b7 Total mining contractor gold production of 87.44Kg for the quarter, equivalent to approximately 2,811 ounces<\/p>\n

\u00b7 Total of 23.85Kg (equivalent to approximately 767 ounces) attributable to Explorator<\/p>\n

\u00b7 Value of Explorator share of gold produced US$1,383,125<\/p>\n

\u00b7 Gold sales in period of 360 ounces<\/p>\n

\u00b7 Combined attributable revenue to Explorator from gold sales and other income for the Period amounted to US$614,257<\/p>\n

\u00b7 Fair bride project continued to progress satisfactorily<\/p>\n

Colin Bird, Executive Chairman said:<\/b><\/p>\n

\u201cThe quarter ended 31 December 2021, was the best period for production since we commenced gold mining at Manica, with production performance well surpassing previous quarters despite any lost time due to rain. The development at Guy Fawkes continued with the objective of exploring veins revealed by surface drilling. Construction work for the Fair Bride project advanced satisfactorily and we are very pleased with the engineering standards employed on the build. The contribution of Fair Bride, ongoing Mozambican production and Zambian operations progressing favorably, leads us to be optimistic for production during 2022.\u201d<\/p>\n

Production summary<\/b><\/p>\n

Preliminary unaudited results for alluvial and hard rock mining contractors for the Manica Concession for the three-month periods ended 31 December 2021, September 2021, 30 June 2021, and 31 March 2021 and are set out in the table below. In addition to the information included in the table, the table below provides a further breakdown of costs between operational costs, production tax and land resettlement costs. The Company\u2019s current focus is to continue to progress the Fair Bride hard rock operation.<\/p>\n

Further details are available from the Company\u2019s website which details the company\u2019s project portfolio as well as a copy of this announcement: www.xtractresources.com<\/p>\n

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596\/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Joel Silberstein, Director.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Board of Xtract Resources Plc (\u201cXtract\u201d or the \u201cCompany\u201d) announces the preliminary unaudited results for all alluvial and hard rock mining contractors for the Manica Concession for the three-month period ended 31 December 2021 (the \u201cPeriod\u201d). Highlights \u00b7 Total mining contractor gold production of 87.44Kg for the quarter, equivalent to approximately […]<\/p>\n","protected":false},"author":84,"featured_media":12313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,281,283],"class_list":["post-12314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nXtract Resources plc (XTR.L) Manica Gold Update - Mozambique<\/title>\n<meta name=\"description\" content=\"The Board of Xtract Resources Plc (\u201cXtract\u201d or the \u201cCompany\u201d) announces the preliminary unaudited results for all alluvi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xtract Resources plc (XTR.L) Manica Gold Update\" \/>\n<meta property=\"og:description\" content=\"The Board of Xtract Resources Plc (\u201cXtract\u201d or the \u201cCompany\u201d) announces the preliminary unaudited results for all alluvi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-18T16:52:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/01\/img-61e6d6f1809d5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"475\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Xtract Resources plc (XTR.L) Manica Gold Update\",\"datePublished\":\"2022-01-18T16:52:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\"},\"wordCount\":365,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/01\/img-61e6d6f1809d5.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-plc-xtr-l-manica-gold-update\",\"name\":\"Xtract Resources plc (XTR.L) Manica Gold Update - 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