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Kopy Goldfields AB Returns Two Exploration Licenses


Friday, 16 Aug 2013 04:01am EDT 

Kopy Goldfields AB announced that it has filed an application to return Verkhnyaya Orlovka and Purpolskaya exploration licenses, thereby reducing exploration and administration costs. In response to the current crisis on the gold market and in the mining sector in general, the Company has reviewed and reduced overall administration costs and exploration expenditures. All exploration projects have been reviewed and two licenses were identified not to fit the asset portfolio. Consequently, Kopy Goldfields AB has decided to return the Verkhnyaya Orlovka and Purpolskaya exploration licenses to the Russian state. This divestment leaves the Company with a portfolio of 13 licenses in different stages of exploration. 

Company Quote

0.54
0.02 +3.85%
30 Apr 2015