PSE Circular for Brokers No. 383-99
PSE Circular for Brokers No. 383-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 2, 1999
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March 2, 1999 PSE CIRCULAR FOR BROKERS NO. 383-99 February 26, 1999 The Commissioner Securities and Exchange Commission SEC Building, EDSA Mandaluyong, Metro Manila Attention: Dir . Eugenio Reyes Brokers & Exchange Dept . Gentlemen : We are pleased to report that our January 1999 Production compared to that of the preceding month and the same month of 1998 is as follows: This Year Last Year This Month Last Month 1999 1998 Production Jan. 1999 Dec. 1998 January January Gold Production: Vol. Of Bullion (kgs.) 486 452 486 489 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 0 Total 486 452 486 489 Value of Metal Content P 149,627,771 P 134,765,338 P 149,627,771 P 146,745,637 Silver Production: Vol. Of Bullion (kgs.) 253 268 253 111 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 0 Total 253 268 253 111 Value of Metal Content P 2,227,250 P 2,119,456 P 2,227,250 P 2,041,250 Aggregate Value of Production P 151,855,021 P 136,884,794 P 151,555,021 P 148,786,887 We hope that the above report meets your requirement. Please let us know if there is any related information which we have not incorporated. cdll Very truly yours, (SGD.) ARTEMIO F. DISINI President February 26, 1999 The Commissioner Securities and Exchange Commission SEC Building, EDSA Mandaluyong, Metro Manila SUMMARY OF OPERATIONS FOR THE MONTH OF JANUARY 1999 Dear Sir : For the information of the commissioner and the stock exchange, we submit below the figures covering our operations for the month of January 1999. Tonnes of ore treated 58,175 DMT (64,127 DST) Average gold content of ore 7.16 g/tonne (0.20 oz./DST) Average silver content of ore 22.92 g/tonne (0.68 oz./DST) From the above, 738.88 kgs. of bullion were produced and are estimated to contain: 378,965 grams of gold (12,184 ozs.) 339,370 grams of silver (10,911 ozs.) During January, 1999 metal recoveries were: Gold: 91.49%, and Silver: 24.77%. Number of days in operation: 30 days for the CIP Gold Mill Refinery. Very truly yours, (SGD.) ARTEMIO F. DISINI President
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