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La Mancha Reports its 2007 Financial Results ; 2007 HIGHLIGHTS - Revenues of $48.5 million - Cash flow from operating activities of $0.5 million - Net loss of $10.8 million - 45% increase in reserves to 688,800 ounces - Total production of 53,900 ounces (at US$485 per ounce) - Positive feasibility study and start of development at Frog's Leg (Australia) - Cash position of $13.1 million
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MONTREAL, QUEBEC--(Marketwire - March 31, 2008) - All amounts are
expressed in CA dollars, unless otherwise indicated. Audited
La Mancha Resources Inc. (TSX:LMA)(hereinafter "La Mancha" or the
"Company") produced 53,900 ounces of gold at an average cash cost of
US$485 per ounce in 2007, generating revenues of $48.5 million. This
compares to production of 62,300 ounces at an average cash cost of
US$352 the previous year, for revenues of $60.2 million. The
decrease in production and reve...
