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Angel Mining Makes Record Gold Pour

Angel Mining gained a record 15.8% on the stock market when its gold producing mine Nalunaq announced that it had recorded its best daily production to date on Wednesday. The largest gold pour at the time was of 517.8 ounces.

The company announced in a statement that this was another significant milestone as production continued to rise towards the target of between 1,500 and 2,000 ounces per month, which it hopes to achieve in early this year.

The mine has been operating with a minimal crew over the last three weeks for the holiday season. Production was often disrupted in this period due to the severe weather in Greenland. However the eighth gold pour at the mine on Wednesday was the largest that they have had so far.

Nicholas Hall, the chief executive officer said that he was delighted that the team had started 2012 with a record gold pour.  This was the latest step in their steady increase in production at Nalunaq he said. Mr Hall added that in December 2011, Nalunaq reached the important milestone of becoming cash generative.  He said that they looked forward to this cash generation continuing to improve in line with production.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


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