Rambler Metals & Mining PLC reported operational results for the fourth quarter and full year ended July 31, 2014. For the quarter, the company reported production of 6,000 tonnes of copper concentrate representing a 14% increase over fourth quarter of 2013 and a 4% decrease over third quarter of 2014. Dry tonnes milled of 59,526 tonnes representing a 27% increase over fourth quarter of 2013 and a 21% increase over third quarter of 2014. This resulted in the production of: 1,708 tonnes of copper (7% decrease over the previous quarter), 2,107 ounces of gold (31% increase over the previous quarter) and 16,708 ounces of silver (27% increase over the previous quarter). Head grades of copper 3.24%, gold 1.65 grammes per tonne and silver 12.60 grammes per tonne with recoveries to concentrate for copper 96.7%, gold 71.0% and silver 75.9%. Each of these key performance indicators show a consistent trend compared to the previous quarter and a marked improvement over the same quarter in fiscal 2013. Concentrate grade for copper 28.47%, gold 10.93 grammes per tonne and silver 86.62 grammes per tonne for the quarter representing a 5% and 3% decrease in copper concentrate grade over fourth quarter of 2013 and third quarter of 2014 respectively. Gold and silver in concentrate both showed increases over fourth quarter of 2013 and third quarter of 2014.

For the full year, the company milled 215,496 dry metric tonnes of ore and produced 25,647 tonnes of copper concentrate containing 7,472 tonnes of copper metal, 6,921 ounces of gold and 52,539 ounces of silver. The average feed grade during this period was 3.68% copper, 1.59 grammes per tonne gold and 10.65 grammes per tonne silver followed by a mill recovery of 96.4%, 67.1% and 78.1% for copper, gold and silver respectively.

Similar to 2014, copper production for the 2015 fiscal year is forecast between 5,400 and 6,700 tonnes of metal with increases forecasted for gold and silver; 5,600 to 6,600 ounces of gold and 39,000 to 46,000 ounces of silver.