PSE Circular for Brokers No. 884-99
PSE Circular for Brokers No. 884-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 27, 1999
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April 27, 1999 PSE CIRCULAR FOR BROKERS NO. 884-99 April 23, 1999 The Commissioner Securities and Exchange Commission SEC Building, EDSA Mandaluyong, Metro Manila Attention: Dir . Eugenio Reyes Bankers & Exchange Dept . Gentlemen : We are pleased to report that our March 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 Mar-99 Feb. 1999 Jan.-March Jan.-March Gold Production : Vol. Of Bullion (kgs.) 501 489 1,476 1,530 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 0 Total 501 489 1,476 1,530 Value of Metal Content P134,541,864 P137,246,070 P406,653,718 P433,386,253 Silver Production: Vol. Of Bullion (kgs.) 315 225 793 474 Vol. Of Bullion in process Addition/Deduction (kgs.) 0 0 0 (95) Total 315 225 793 379 Value of Metal Content P2,283,376 P1,904,675 P6,164,635 P5,174,664 Aggregate Value of Production P136,825,240 P139,150,745 P412,818,353 P438,560,917 We hope that the above report meets your requirement. Please let us know if there is any related information which we have not incorporated. Very truly yours, (SGD.) ARTEMIO F. DISINI President April 23, 1999 The Commissioner Securities and Exchange Commission SEC Building, EDSA Mandaluyong, Metro Manila SUMMARY OF OPERATIONS FOR THE MONTH OF MARCH 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 March 1999. Tonnes of ore treated 59,456 DMT (65,539 DST) Average gold content of ore 7.04 g/tonne (0.21 oz./DST) Average silver content of ore 25.16 g/tonne (0.73oz./DST) From the above, 815,489 kgs. of bullion were produced and are estimated to contain: 378,716 grams of gold (12,176 ozs.) 388,078 grams of silver (12,477 ozs.) During March, 1999 metal recoveries were: Gold: 91.25%, and Silver: 26.42%. Number of days in operation: 31 days for the CIP Gold Mill Refinery. Very truly yours, (SGD.) ARTEMIO F. DISINI President
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