Sydney - Thursday - May 10: (RWE Australian Business News) -...

Sydney - Thursday - May 10: (RWE Australian Business News) -
Anvil Mining Ltd (ASX code: AVM) lifted net income 155 per cent to
$US21.1 million or US37c per share for the first quarter of 2007 from
$US8.3 million or US26c per share in the first quarter 2006.
Concentrate sales rose 27 per cent to $42.0 million.
Operating cash-flow, before working capital movements, rose 85
per cent to $24.8 million or 44c per share.
Consolidated production for the quarter totalled 8027 tonnes of
copper and 537,858 ounces of silver contained in concentrates.
The Dikulushi mine continued to outperform production targets
while the Kulu mine was below budget due to the combined effects of
artisanal mining activity and an unusually heavy rainy season.

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President and chief executive Mr Bill Turner commented, "Despite
the lower copper production at Kulu, we have generated the same level of
revenues and net income as the December quarter of 2006 due to the
performance of the Dikulushi mine, which had total cash operating costs
of 52c/lb of copper produced (after silver credits), and an increase in
the realised copper concentrate price from Kulu.
"For the year 2007, we maintain our consolidated copper
production target of 50,000 tonnes.
"In the next couple of weeks, we will be commissioning Kinsevere
Stage I with the start-up of the Heavy Media Separation processing plant
followed by commissioning of the two Electric-Arc Furnaces in the third
quarter to produce on site 'black copper' ingots grading 90% to 94%
copper.
"Following the completion of the Kinsevere SX-EW feasibility
study last month, the board of directors approved construction of a $238
million 60,000 tonne per year SX-EW Stage II project at Kinsevere."
ENDS