Mundo Minerals (MUN)

Shares / Stock Code

MUN

Stock Exchange / Sharemarket

Australian Securities Exchange

Mundo Minerals Limited (MUN) is an Australian-domiciled international gold company focused on the exploration and development of a portfolio of medium-sized gold projects in South America. Mundo Minerals listed on the Australian stockmarket (ASX) on 15 November, 2006.

Mundo Minerals’ corporate strategy is based on developing an asset base within five years that will provide a sustainable and profitable production profile of 200,000 ounces of gold per annum from three to four mining projects, with a resource base approaching 3.5 million ounces.During 2008, Mundo Minerals joined the ranks of international gold producers with the construction and successful commissioning of its first production asset, the 100%-owned Engenho Gold Project in the Minas Gerais area of Brazil.

The production ramp-up at Engenho is expected to be completed by early 2009 with an annualised production forecast at approximately 32,000 ounces per annum. A series of priority exploration targets have been established with the potential to significantly increase the resource base at Engenho and underpin further increases in production to a targeted long-term level of 50-60,000 ounces per annum. Mundo has an exceptional portfolio of gold assets in South America, with a growth strategy to build a leading mid-tier Australian-domiciled gold production company.

Mundo’s other assets in South America include the 100%-owned Torrecillas Gold Project in Peru (currently subject to a Feasibility Study), the Tocantins Joint Venture in Brazil (exploration) and an option to acquire the Jaqueira Gold Project (exploration).The establishment of this strong pipeline of emerging assets supports the Company’s overall objective of delivering a +200,000 ounce per annum production base within five years.

Mundo Minerals (MUN) Products and Services

  • Gold exploration, development and production.

Mundo Minerals (MUN) Locations and Subsidiaries

Mundo Minerals Head Office
45 Ventnor Avenue, West Perth, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9429 8894
Fax: (08) 9429 8800

Mundo Minerals (MUN) Share Price

Submitted by ASX Listed Company on 14 May, 2010 - 00:30

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