re: only the overture really looks like it is only the start of....
Anvil Mining CEO to present at TSX Forum
Monday September 13, 12:01 pm ET
TSX, ASX: AVM Shares Outstanding: 23.6 million
TORONTO, Sept. 13 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM - News News) is
pleased to announce that the Company's President and Chief Executive Officer, Bill
Turner, will make a presentation to the investment community in Toronto at a forum
organized by the Toronto Stock Exchange.
TSX Mining Showcase, to be held Wednesday, September 15, from 9:30 a.m. to noon,
is aimed at institutional investors and brokers. In addition to Anvil Mining, the program
will feature four other TSX-listed companies: International Minerals Corporation,
Wolfden Resources, Lundin Mining Corporation and NovaGold Resources.
Mr. Turner, who speaks second on the program, will provide an update on
commissioning the Company's Stage II expansion at its Dikulushi copper-silver mine in
the Democratic Republic of Congo (DRC). Anvil Mining generated US$6.0 million in Net
Earnings for the 12-month period ended June 30, the first full fiscal year the mine has
been in production. Stage II is expected to increase copper and silver output by about
50%, while lowering total costs per pound of copper produced, which has averaged
about US$0.49, as a result of increased metallurgical recoveries and higher
concentrate grades.
Mr. Turner will also discuss the Company's growth strategy, including acquisition
opportunities in Central Africa, one of the most richly endowed mineral regions in the
world, as the Company progresses toward its corporate objective of becoming a
mid-tier, low-cost copper producer in the DRC.
For the past eight months, in an effort aimed at taking advantage of its mine
development experience and its "First Mover Status" in the DRC, Anvil has been
investigating new investment opportunities in the Central African Copperbelt. The
Company is actively pursuing opportunities which meet its immediate objectives for
near-term increased copper production and cash flow combined with an opportunity to
employ a low capital cost, staged development strategy, similar to that used by Anvil to
develop the profitable Dikulushi Mine.
Anvil Mining is a copper and silver producing mining company founded in Australia and
recently redomiciled to Canada where its shares began trading on the TSX in early
June, 2004. To find out more about Anvil Mining, please visit our web site at
www.anvil.com.au. The text of the TSX Mining Showcase presentation will be posted to
the website following Wednesday's presentation.
Forward-Looking Statements Caution: There can be no assurance that the Company
will successfully identify any acquisition opportunity of the sort referred to above or
conclude any such acquisition.
%SEDAR: 00020549E
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re: only the overture really looks like it is only the start...
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