GV Gold proposes to take the Krasny project into Feasibility Studies and permitting process in 2018

GV Gold proposes to take the Krasny project into Feasibility Studies and permitting process, in order to prepare the project for construction start by the end of 2018. An update of the Russian reserve report will be initiated in the beginning of 2018 and further exploration within the Krasny and Batyi license areas will continue, to increase and upgrade gold resources and reserves. A new project leader for Krasny has been appointed by GV Gold and Kopy Goldfields.

Based on the merits of the Krasny project, GV Gold has taken the decision to promote Krasny into the next development stage; Feasibility Studies and permitting process. Due to high internal expectations from the on-going exploration program and the recent discovery of the Vostochny mineralization, next year's activities will be focused on the update of resource estimations and development of Feasibility Studies. The exploration results from 2017 and 2018 will be incorporated into the coming production plans, CAPEX and NPV.

In parallel with a positive development of Feasibility Studies and reserve reporting, a permitting and compliance process will be initiated in order to receive mine development permits which are expected by mid 2019. In addition to common construction permits, this will also include diversion of the regional road which is currently crossing the projected open pit for the Krasny mine, clearance from the surrounding alluvial mine producers, and electricity connection and capacity allocation by the regional power supply authorities. In accordance with an updated development schedule, construction activities on the Krasny site could commence by the end of 2018 with surface planning and camp facilities, following a separate decision by the shareholders. Majority of the construction work will take place during 2019-2020. The target year for plant commissioning and first gold production is preliminary 2021. A detailed time schedule will be developed as part of Feasibility Studies.

As the next step, the 2018 budget for Krasny will be discussed and prepared for approval within the joint venture. As Kopy Goldfields sees it now, no major capital construction costs are expected during 2018.

As part of the Krasny project development, GV Gold has nominated Mikhail Zatsepin as a new project leader for Krasny, and he will also serve as CEO of OOO Krasny. Mikhail Zatsepin has a solid experience in mining industry from Polyus Gold, Eastern Drilling Company (FORACO Russia) and Sakha Minerals. Kopy Goldfields AB has already supported this appointment.

Stockholm, November 17, 2017

For more information, please contact:
Mikhail Damrin, CEO, +7 916 808 12 17, mikhail.damrin@kopygoldfields.com
Tim Carlsson, CFO, + 46 702 31 87 01, tim.carlsson@kopygoldfields.com

This information is information that Kopy Goldfields is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 8.30 am CET on November 17, 2017.

About Kopy Goldfields AB
Kopy Goldfields AB (publ), listed at NASDAQ First North in Stockholm is a gold exploration and production company operating in one of the most gold rich areas in the world; Lena Goldfields, Bodaibo, Russia. The company holds 12 bedrock exploration- and production licenses and one alluvial license covering in total 2,049 sq km, of which the Krasny licenses (2 bedrock and 1 alluvial) are held 49% by the company. The target for Kopy Goldfields is to become a near-term gold producer in cooperation with a producing partner under JV agreement.

Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Aqurat Fondkommission acts as Certified Adviser, contact number: +46-8-684 05 800.

The Share
Ticker: KOPY
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457
Outstanding shares: 79,866,054

Kopy Goldfields säkerställer ny finansiering om 15 MSEK

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna tillkännage att ett nytt lån om 15 miljoner kronor har beviljats från Scandinavian Credit Fund I AB med avsikt att finansiera Bolagets verksamhet, inklusive det pågående prospekteringsprogrammet på Maly Patom-projektet. Samtidigt har också det befintliga långfristiga lånet om 30 miljoner kronor omförhandlats och förlängts. Ny förfallodag är 13 september 2022.


Kopy Goldfields secures new financing of MSEK 15

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is happy to announce that a new loan of SEK 15 million has been granted from Scandinavian Credit Fund I AB for the purpose of financing the Company's operations, including the current Maly Patom exploration program. At the same time, the existing long-term loan of SEK 30 million was renegotiated and extended. The new repayment date is September 13, 2022.


KOPY GOLDFIELDS AB (publ) Delårsrapport januari-juni 2019

Finansiell information för första halvåret 2019

  • Bolaget rapporterar ingen omsättning
  • Intäkter från försäljningen av Kopylovskoye-projektet 2,9 MSEK (0)
  • Resultat efter skatt -0,6 MSEK (-9,3)
  • Summa totalresultat 2,9 MSEK (-4,3)
  • Resultat per aktie före och efter utspädning -0,01 SEK (-0,11)
  • Periodens kassaflöde uppgick till -8,7 MSEK (8,0), inklusive betalda räntor -2,8 MSEK (0) och upptagna lån 0 MSEK (15)
  • Investeringar i prospektering och licenser 0 MSEK (0,9)
  • Investeringar i joint venture 0 MSEK (0)
  • Likvida medel vid periodens utgång uppgick till 11,4 MSEK (13,8)

KOPY GOLDFIELDS AB (publ) Half Year Report January - June 2019

Financial information half year 2019

  • The Company does not report any revenue
  • Income from sale of the Kopylovskoye project MSEK 2.9 (0)
  • Net income MSEK -0.6 (-9.3)
  • Total comprehensive income MSEK 2.9 (-4.3)
  • Earnings per share before and after dilution SEK -0.01 (-0.11)
  • Total cash flow MSEK -8.7 (8.0), including paid interest of MSEK -2.8 (0) and new loans MSEK 0 (15)
  • Investments in exploration work and licenses MSEK 0 (0.9)
  • Investments into joint ventures MSEK 0 (0)
  • Cash and cash equivalents amounted to MSEK 11.4 (13.8) at period end

Kopy Goldfields påbörjar borrprogram i Maly Patom-projektet ("Norra Territoriet")

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") påbörjar ett borrprogram vid prospekteringsprojektet Maly Patom ("Norra Territoriet" eller "NT") som inriktar sig på guldfyndigheter vid en till tre tidigare identifierade guldanomalier.


Kopy Goldfields commences drilling program at the Maly Patom ("Northern Territories") project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") is commencing a drilling program at the Maly Patom ("Northern Territories" or "NT") exploration project targeting gold discoveries at one to three previously identified gold anomalies.


Nettonuvärdet (NPV) för Krasny varierar mellan 100 och 300 MUSD före skatt enligt ny preliminär förstudie

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna presentera nya positiva resultat från den oberoende preliminära förstudien (eng: "scoping study") avseende företagets andel på 49 % i guldprojektet Krasny, som ligger i Irkutsk-regionen i Ryssland. Den preliminära förstudien, utförd av AMC Consultants Pty Ltd i Perth, Australien (AMC), omfattar flera produktionsscenarier för att utveckla Krasny-projektet, antingen som ett rent dagbrott eller som en kombination av dagbrott och underjordsgruva, med en årlig bearbetningskapacitet mellan 0,4 Mt (miljoner ton) och 3 Mt. Alla scenarier ger positiva NPV före tillämpning av potentiella skatteförmåner.


Net present value (NPV) for Krasny varies from MUSD 100 to MUSD 300 pre-tax according to new Scoping study

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") is pleased to announce new positive results from the independent scoping study for its 49% stake in the Krasny gold project, located in the Irkutsk region of Russia. The scoping study, performed by AMC Consultants Pty Ltd from Perth, Australia (AMC), provides several production scenarios for developing the Krasny project either as an open pit alone, or combined open pit and underground mine, with annual processing plant throughput capacities varying from 0.4 Mt to 3 Mt. All scenarios would return positive NPVs before application of potential tax benefits.


Kommuniké från årsstämma i Kopy Goldfields

Årsstämma med aktieägarna i Kopy Goldfields AB (publ) har hållits i Stockholm den 29 maj 2019. Ordförande för stämman var Claes Levin.


Ändring av föreslagen revisor inför årsstämma i Kopy Goldfields den 29 maj 2019

Valberedningen i Kopy Goldfields AB (publ) ändrar sitt förslag till val av revisor inför årsstämman den 29 maj 2019. Till ny revisor föreslås det registrerade revisionsbolaget PwC.




Välkommen till årsstämma i Kopy Goldfields

Aktieägarna i Kopy Goldfields AB (publ), org nr 556723-6335, kallas till årsstämma onsdagen den 29 maj 2019, kl 10.00 i bolagets lokaler på Skeppargatan 27, 4tr, Stockholm. Inregistrering från kl 9.30.


Kopy Goldfields adderar en ny prospekteringslicens på 88 km2 till guldprospekteringsprojektet Maly Patom

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Företaget") har förvärvat en ny prospekteringslicens vid namn "Polovinka". Licensen omfattar 88 kvadratkilometer och ligger i Bodaibo-området i Irkutsk-regionen i Ryssland. Den nya licensen gränsar till den redan ägda licensen "Gorbylyakh", som ingår i prospekteringsprojektet Maly Patom. Licensen täcker den potentiella utvidgningen av den tidigare identifierade guldanomalin i marken.


Kopy Goldfields adds a new exploration property of 88 sq. km to the Maly Patom gold exploration project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") has received a new exploration property called "Polovinka". The license covers 88 sq. km and is located in the Bodaibo area of the Irkutsk region of Russia. The new license borders the already owned property "Gorbylyakh", which is part of the Maly Patom exploration project, and covers the potential extension of the previously identified soil gold anomaly.


Bokslutskommuniké januari - december 2018

Finansiell information för andra halvåret samt helåret 2018

  • Bolaget rapporterar ingen nettoomsättning
  • Resultat efter skatt -34,5 MSEK (-5,6), för helåret -43,8 MSEK (-13,9)
  • Summa totalresultat -0,9 MSEK (-2,6), för helåret -5,1 MSEK (-11,9)
  • Resultat per aktie före och efter utspädning -0,40 SEK (-0,07), för helåret -0,52 SEK (-0,17)
  • Periodens kassaflöde uppgick till 6,3 MSEK (0,1), för helåret 14,2 MSEK (-4,8)
  • Investeringar i prospektering och licenser 1,6 MSEK (2,2), för helåret 2,5 MSEK (2,3)
  • Investeringar i joint venture 5,1 MSEK (8,5), för helåret 5,1 (8,5)
  • Likvida medel vid periodens utgång uppgick till 20,1 MSEK (5,9)
  • Styrelsen föreslår att ingen utdelning lämnas

Year End Report January - December 2018

Financial information July - December and full year 2018

  • The Company does not report any revenue
  • Net income MSEK -34.5 (-5.6), full year -43.8 (-13.9)
  • Total comprehensive income MSEK -0.9 (-2.6), full year -5.1 (-11.9)
  • Earnings per share before and after dilution SEK -0.40 (-0.07), full year -0.52 (-0.17)
  • Total cash flow of MSEK 6.3 (0.1), full year 14.2 (-4.8)
  • Investments in exploration work and licenses MSEK 1.6 (2.2), full year 2.5 (2.3)
  • Investments into joint ventures MSEK 5.1 (8.5), full year 5.1 (8.5)
  • Cash and cash equivalents amounted to MSEK 20.1 (5.9) at period end
  • The Board of Directors proposes that no dividend is paid

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