Vatukoula Gold Mines

• 21/05/12

  Half Yearly Report

• 21/05/12

  Director/PDMR Shareholding

• 09/05/12

  Holding(s) in Company

• 24/04/12

  Strategic Investment and Operations Update

• 19/04/12

  Appointment of Joint Broker

• 

  24/04/12

  Vatukoula Gold shares advance on £5.4 mln Chinese investment

  A Chinese mining investor is putting £5.4 million into the company. It is buying 9 million new shares at a premium to take a 9.2 per cent stake in the Fiji focused gold miner.

• 

  14/12/11

  Vatukoula Gold's improving grades boost underground mining operation

  This morning’s quarterly results are a sign that Vatukoula Gold Mines big investment into underground mining is starting to pay off.

• 

  10/06/11

  Vatukoula Gold Mines set to fight back

  One of the big challenges for Fiji-focused gold miner Vatukoula is to restore confidence in its prospects after a disappointing share price performance. Its management looks determined to rise to it.

• 

  10/01/11

  Vatukoula development plan will afford the company greater production flexibility

  The accelerated underground development plan by Vatukoula Gold Mines will create some short term pain for miner but it will eventually afford it some much needed “production flexibility”. This is the conclusion of broker WH Ireland, which restated its buy and 224 pence a share price target in the wake of today’s update from the group.

• 

  28/07/10

  Vatukoula Gold funded for 2-year exploration programme with £7.4m placing

  The money will be used to progress the Vatukoula gold mine and an exploration programme on the special prospecting licenses covering the Tavua Cladera mining area in Fiji. On closing of the placing, the group will have  cash of approximately £12m.

• 21/05/12

  Vatukoula Gold Mines' chief executive and finance director buy shares

• 21/05/12

  Vatukoula Gold Mines continues towards goal of producing 100,000 ounces per year - UPDATE

• 21/05/12

  Vatukoula Gold Mines continues towards goal of producing 100,000 ounces per year

• 04/04/12

  Vatukoula mine production continues as Fiji floods subside

• 19/03/12

  Vatukoula Gold boosted by better grades and prices - Update

•  

  19/04/2012

  Stocktube video - Vatukoula Gold Mines CEO says production targets remain on track

  David Paxton, CEO of Vatukoula Gold Mines (LON:VGM), tells Proactiveinvestors that he continues to work towards sustainable production of 100,000oz a year. David says he’s very disappointed with the share price and while the recent severe rainfall has not interrupted production too much, the rains have contributed to the drop in shares.
• 

  18/04/2012

  Vatukoula Gold Mines One2One Investor Presentation - 18th April 2012 (PDF)

  Vatukoula Gold Mines One2One Investor Presentation - 18th April 2012
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  14/12/2011

  Stocktube video - Vatukoula Gold Mines reports a 47% rise in gold production

  David Paxton, CEO at Vatukoula Gold Mines (LON:VGM), talks to Proactive Investors about the company's first quarter results including the 47% rise in gold production to 15,684 in the 3-month period. Dave also says it's his intention to continue to cut costs at the mine.
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  23/08/2011

  David Paxton, CEO of Vatukoula Gold Mines, talks about 3 world class ore bodies and massive exploration potential

  David Paxton, CEO of Vatukoula Gold Mines (LON:VGM), talks about 3 world class ore bodies, massive exploration potential, 7 million ozs gold produced, classic epithermal gold project, very high grade, long life ahead of it, getting power from the Fiji Sugar Corp, surface mineable material, & directors buying shares
•  

  22/09/2010

  David Paxton, CEO of Vatukoula Gold Mines, talks about building up to 100,000 ounces of gold per year and two exploration programmes

  David Paxton, CEO of Vatukoula Gold Mines, talks about a steady operating level, building up to 100,000 ounces of gold per year, getting productivity levels up, building a bagasse power station to bring costs down considerably, 4.3 million ounces of reserves, forty years mine life, and two exploration programmes.

Vatukoula Gold Mines is headquartered in London and its main operations centre is at the Vatukoula Gold Mine in Fiji. The Company's shares are traded on the London Stock Exchange's Alternative Investment Market (AIM) under the ticker symbol 'VGM'.

Vatukoula Gold Mines currently employes approximately 700 people based at its operations centre in Vatukoula, Fiji and at its London headquarters. The Company is made up of multinational professionals operating within their fields of expertise.

The Vatukoula Gold Mine, from which the Company takes its name, is the core focus for the Company. Vatukoula Gold Mines is currently pursuing a strategy of refurbishment and development at this prolific gold producing mine. Applying modern mining techniques and equipment in the mining process will assist in restoring production to historic rates of 100,000 ounces of gold per annum. The Company is currently progressing full underground and surface mining exploration drill programmes with the intention of increasing the information available on the current gold resources as an aid to more efficient planning.

The Company has built a strong team comprising experts drawn from each of their respective fields - geology, geochemistry, mine engineering, mine design, drilling operations and project management. Each person is a valued member of the Vatukoula Gold Mines team and works to advance and achieve the Company's target of producing 100,000 ounces of gold a year.

Vatukoula Gold Mine

The Vatukoula Gold Mine is an underground mine with an operational history of over 70 years. The Company holds a 100% equity interest in the Mine.

The Mine is located in Fiji, an island group in the South Pacific Ocean. Fiji comprises two main islands, Viti Levu and Vanua Levu, with many smaller surrounding Islands. The Mine is located in the northern part of the island of Viti Levu within the Tavua Basin, situated within the Tavua volcano. The Mine is located in the Vatukoula village, a 90 minute drive from Nadi International Airport.

The Mine is a long established underground gold mine. There are a total of nine shafts in the Mine, but only four are being used other than for ventilation; the Smith & Phillip Shaft for hoisting ore, the Cayzer Shaft for men and materials and a Decline Shaft for access for the rubber tyred mine fleet.

Mine Infrastructure:

Infrastructure at the Vatukoula Gold Mine includes assay labs, an independent power station, workshops and administrative offices.

Processing Plant - At the Mine site there is a seven hundred thousand tonne per annum processing facility, which includes crushing, grinding, flotation, roaster, CIP and tailings dams.

Undergound Mining fleet - Equipment at the Mine includes several Toro loaders, Toro load-haul-dump vehicles, support trucks and other associated equipment.

For further information click here

Board of Directors:

Ian Colin Orr-Ewing, Executive Chairman

David Paxton, Chief Executive Officer

Kiran Morzaria, Finance Director

John Ian Stalker, Non-Executive Director

John Kearney, Non-executive Director

David Lenigas, Executive Director

John MacPherson, Non-executive Director

Management:

Herbert Hirst Leathley, General Manager

CLICK HERE for further information

Updated from Vatukoula Gold Mines 13.09.11

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