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Sumatra Copper & Gold PLC (SUM.AX)

SUM.AX on Australia Stock Exchange

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19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Sumatra Copper & Gold anticipates full year production guidance for FY18 to be 40,000 to 50,000 oz AuEq
Tuesday, 5 Sep 2017 07:22pm EDT 

Sept 6 (Reuters) - Sumatra Copper & Gold Plc :Now anticipates full year production to be at lower end of current production guidance of 30,000 - 40,000 oz AuEq.Full year production guidance for 2018 is anticipated to be 40,000 - 50,000 oz AuEq.  Full Article

Sumatra Copper & Gold says Stephen Robinson resigned as chairman
Monday, 26 Jun 2017 07:48pm EDT 

June 27 (Reuters) - Sumatra Copper & Gold Plc ::Stephen Robinson has resigned as non-executive director and chairman of company effective 30 june 2017.Jocelyn Waller, non-executive director and a founding director of company, has been appointed as interim chairman.Received applications for a total of 656.9 million CDIs at a price of A$0.01 per CDI to raise A$6.569 million.Received applications from its major shareholders Provident Minerals Pte Ltd and Pt Saratoga Investama Sedaya Tbk.  Full Article

Sumatra Copper & Gold updates on damage to underground drill rig
Sunday, 4 Dec 2016 05:10pm EST 

Sumatra Copper & Gold Plc : Asx alert-damage to underground drill rig-sum.ax . Advises that damage was sustained to one of underground jumbo drill rigs at its tembang gold-silver operation . There will be short term impact on production from interim bcf ore drives . A large quantity of perched water was encountered following blasting of level6 east ore drive on Dec 2 . Expected that there should not be any effect on 2017 production guidance due to damage .Currently estimated that single boom jumbo will be out of service for up to six weeks.  Full Article

Sumatra Copper & Gold and unit agree terms with lenders
Thursday, 24 Nov 2016 10:06pm EST 

Sumatra Copper & Gold Plc : Company, and unit PT Dwinad Nusa Sejahtera has agreed terms with its lenders and major shareholders . Provident minerals and PT Saratoga Investama Sedaya Tbk, agreed to take-up any shortfall in initial equity raise and major equity raise .Terms to amend existing US$45 million senior secured debt facility and convertible notes that will lower cost and amount of debt.  Full Article

Sumatra Copper & Gold enters into agreement to issue 5 mln convertible notes
Tuesday, 15 Dec 2015 05:44pm EST 

Sumatra Copper & Gold PLC:US$5 million working capital for tembang.Entered into an agreement with the noteholder to issue 5 million convertible notes each with a face value of US$1.00.Says maturity date of the facility is 10 November 2017.  Full Article