home

Interim Results for the three and nine months ended September 30, 2011 - Anglo Pacific Group

Anglo Pacific Group PLC (‘Anglo Pacific’, the ‘Group’) (LSE: APF) (TSX: APY) is pleased to announce interim results for the three and nine months ended September 30, 2011. Highlights: – Increased royalty income for the quarter of Ł8.3 million (Ł6.6 million for Q3 2010) – Royalty cash flow per share for the nine months ended September 30, 2011 of 23.13p (21.06p for the comparable period in 2010) – Strong cash position at September 30, 2011 of Ł23.5 million (Ł28.3 million at December 31, 2010), with no borrowings or hedging – Completion of acquisition of royalties on Cliffs Natural Resources’ Black Thor, Black Label and Big Daddy chromite deposits – Completion of acquisition of Isua iron ore royalty from London Mining Plc – Total assets of Ł388.5 million at September 30, 2011 (Ł415.6 million at December 31, 2010)For a full copy of this release please click here. For a full copy of the Q3 Interim Financial Statements click here. For a full copy of the Q3 Management Discussion and Analysis click here. A replay of the analysts’ conference call is available on +44 (0)20 7111 1244 using access code 2469473.