Stockholm, 2012-02-24 13:02 CET (GLOBE NEWSWIRE) --
·Consolidated total income for the reporting period amounted to MSEK 196.9 (MSEK 283.1) and to MSEK 33.7 (MSEK 103.6) for the fourth quarter.
·Total production from current production units in 2011 was 410 kg (566 kg) of which 95 kg (142 kg) was produced in the fourth quarter.
·The amount of gold produced from hard rock gold mining operations in 2011 was 334 kg (331 kg) of which 76 kg (100 kg) was produced in the fourth quarter.
·EBITDA for the period January-December 2011was MSEK –34.4 (MSEK 57.1) and for the fourth quarter MSEK -16.9 (MSEK 32.9).
·The net result, after tax and non-controlling interest, was MSEK -120.4 (MSEK 7.7) for the reporting period and MSEK -62.7 (MSEK 30.6) for the fourth quarter.
·Earnings per share for 2011 were SEK -7.17 (SEK 1.58) and SEK -3.83 (SEK 2.08) for the fourth quarter.
·During 2011, all shares in the alluvial producing subsidiary LLC Artelj Lena were sold in two tranches for a total consideration of MRUB 100, approx. MSEK 22.
·In October the construction completion statement and permission to commission phase 1 (absorption) of the Tardan heap leaching plant was received and on December 28, the license to use cyanide was received.
Lars Guldstrand, Chairman of Central Asia Gold AB, phone +46 70 528 8181
E-mail: lars.guldstrand@centralasiagold.se
Preston Haskell, CEO of Central Asia Gold AB, phone +46 76 890 5549
E-mail: preston.haskell@centralasiagold.se
