VERAGOLD MINING COMPANY GMBH Veragold Mining Company GmbH: Relocation | Update July 2019

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29/07/2019 15:12

DGAP-News: Veragold Mining Company GmbH / Key word(s): Bond/Miscellaneous
Veragold Mining Company GmbH: Relocation | Update July 2019

29.07.2019 / 15:12
The issuer is solely responsible for the content of this announcement.

Corporate News July, 29th 2019:

General News:

Veragold Mining Company GmbH has relocated its headquarters. The registered office of the company is now located at Ohmstrasse 22, 80802 Munich, Germany.

Additionally, the gold-backed bond of Veragold Mining Company GmbH (ISIN: DE000A2TR091 | WKN: A2TR09) can be traded on the Frankfurt Stock Exchange. A PRIIP pursuant to the German Securities Trading Act (Wertpapierhandelsgesetz WphG) has been deposited and can be called up on all trading platforms.

Project Update:

Mina Santa Rosa, based in Canazas, Panama, is making steady progress. The first pit returning into production has been dewatered and a new 50,000 meter drilling program has commenced. The drilling program will encompass both the existing pits as well as six new target areas and is expected to increase both the quantity and quality of the current 1.1 million ounce resource. The partner in this drilling program is the Canadian company Energold Drilling Corp.

Furthermore, the parent company of Veragold Mining Company GmbH has acquired additional equipment which will increase the production to 2,000 tons per day.

"We have completed the final plant design and expect to put Mina Santa Rosa back into production in the first quarter of 2020" said Frank Magliato, Managing Director. "The first line will process 500 tons per day followed approximately 8 months later by a second line of 1,500 tons per day" he added.

About Veragold Mining Company Panama:

Veragold Mining Company Panama is a private, emerging mining company preparing to be a gold and silver producer in the Republic of Panama. Veragold's principal asset is the world-class Minas Santa Rosa project near Cañazas, Republic of Panama. With over 1.2M ounces of gold already defined, along with over 5M ounces of silver. With the resource under the Republic of Panama's Law Decree 92 of November 7, 2013, Veragold also controls all of the minerals within a 50km radius of Minas Santa Rosa, affording us other opportunities for further development.

Contact Details:

Veragold Mining Company GmbH
Ohmstrasse 22
80802 München

29.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Veragold Mining Company GmbH
Ohmstrasse 22
80802 München
E-mail: stefank@veragold.de
Internet: www.veragold.de
ISIN: DE000A2TR091
Listed: Regulated Unofficial Market in Frankfurt
EQS News ID: 848233

End of News DGAP News Service

848233  29.07.2019 


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