PSE Circular for Brokers No. 603-99
PSE Circular for Brokers No. 603-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 26, 1999
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March 26, 1999 PSE CIRCULAR FOR BROKERS NO. 603-99 March 23, 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 February 1999 production compared to that of the preceding month and the same month of 1998 is as follows: This Year Last Year This Month This Month 1999 1998 Production Feb. 1999 Jan. 1999 Jan.-Feb. Jan.-Feb. Gold Production: Vol. Of Bullion (kgs.) 489 486 975 980 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 0 Total 489 486 975 980 Value of Metal Content P137,083,335 P134,738,966 P271,822,301 P284,273,919 Silver Production: Vol. Of Bullion (kgs.) 22.5 253 478 236 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 (95) Total 225 253 478 141 Value of Metal Content P2,067,410 P2,143,586 P4,210,996 P3,916,072 Aggregate Value of Production P139,150,745 P136,882,552 P276,033,297 P288,189,991 We hope that the above report meets your requirement. Please let us know if there is any related information which we have not incorporated. cdt Very truly yours, (SGD.) ARTEMIO F. DISINI President March 23, 1999 The Commissioner Securities and Exchange Commission SEC Building, EDSA Mandaluyong, Metro Manila SUMMARY OF OPERATIONS FOR THE MONTH OF FEBRUARY 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 February 1999. Tonnes of ore treated 55,329 DMT (60,990 DST) Average gold content of ore 7.59 g/tonne (0.22 oz./DST) Average silver content of ore 23.05 g/tonne (0.67 oz./DST) From the above, 714.79 kgs. of bullion were produced and are estimated to contain: 381,267 grams of gold (12,258 ozs.) 296,914 grams of silver (9,546 ozs.) During February, 1999 metal recoveries were: Gold: 91.61%, and Silver: 23.46%. Number of days in operation: 27.67 days for the CIP Gold Mill Refinery. LLpr Very truly yours, (SGD.) ARTEMIO F. DISINI President
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