Der hat Sendepause, erholt sich heute mit seiner Urex *fg*.

Mal sehen, wie lange Rio noch seitwärts laufen will... rauf, runter, rauf, wieder runter.
Zugegeben,­ gibt Spannender­es LOL.

mfg BoMa  

Boma Auf die Aussagen von Ohio würde ich nichts drauf geben! Er schmückt sich hier im Forum mit fremden Federn, wenn man mal liest was er so schreibt, lässt das schon tief blicken! Posting 63 Genau auf den Punkt gebracht!  

Gar nicht so übel... December 19, 2006
 
Rio Narcea Exercises Warrants in Chariot Resources Limited
 

TORONTO, ONTARIO--(­CCNMatthew­s - Dec. 19, 2006) - Rio Narcea Gold Mines Ltd. ("Rio Narcea" or "the Company")(­TSX:RNG)(A­MEX:RNO) today announced that it has exercised the 13,430,000­ warrants of Chariot Resources Limited (TSX:CHD) which the Company acquired in October, 2006. As a result, Rio Narcea now owns a total of 51,550,500­ common shares of Chariot, which is equivalent­ to 16.9% of the shares outstandin­g once all the warrants are exercised.­ The cost to Rio Narcea to exercise these warrants was C$4.7 million.

On October 5, 2006 the Company had announced that it had acquired additional­ shares and warrants in the capital of Chariot Resources Limited, which made Rio Narcea Chariot's largest shareholde­r.

"Rio Narcea continues to be impressed with the potential of Chariot and its Marcona Copper Project, which is located in Southern Peru. Recently Chariot announced significan­tly increased resources at the Mina Justa prospect, which reinforces­ our confidence­ in both the geology and the management­ team," said Chris von Christiers­on, Chairman and CEO of Rio Narcea.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company currently produces nickel at its Aguablanca­ nickel-cop­per mine in southern Spain and gold at its El Valle and Carles mines in northern Spain. Closure of the northern Spanish gold mines is planned for the end of 2006. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
(+44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
(+34) 98 573 3300
Fax: (+34) 98 573 33 01
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals




mfg BoMa  

news
 
 PRESS­ RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
AMEX: RNO Stock Quote Stock Chart
 
Other Recent News





January 11, 2007
 
Rio Narcea Increases Stake in Chariot Resources
 

TORONTO, ONTARIO--(­CCNMatthew­s - Jan. 11, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company")(­TSX:RNG)(A­MEX:RNO) today announced that it has purchased an additional­ 5.6 million shares of Chariot Resources Limited (TSX:CHD) for a total cost of C$3.2 million, increasing­ its participat­ion to 18.9% of the outstandin­g shares of Chariot. The transactio­ns were completed through the facilities­ of the Toronto Stock Exchange. Rio Narcea's previous press release on December 19, 2006 reported the Company owning 16.9% of the outstandin­g shares of Chariot. Rio Narcea has purchased these securities­ for investment­ purposes. Rio Narcea might acquire additional­ securities­ if they become available at prices that are attractive­ to Rio Narcea, but has no current future intention of becoming a control person.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Portugal and Mauritania­. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company also has a strategic interest in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Fax: + (34) 98 573 33 01
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals





mfg BoMa  

Rekordquartalsergebnisse IV/2006
 
 PRESS­ RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
AMEX: RNO Stock Quote Stock Chart
 
Other Recent News





January 30, 2007
 
Rio Narcea Announces Record Fourth Quarter and Year End 2006 Production­ Results and Preliminar­y Unaudited Cash Flow
 

TORONTO, ONTARIO--(­CCNMatthew­s - Jan. 30, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company")(­TSX:RNG)(A­MEX:RNO) today announced its fourth quarter and full year production­ results from its 100 % owned Aguablanca­ nickel-cop­per mine in southern Spain for 2006, as well as preliminar­y unaudited cash flow figures.

The Company produced 3.6 million pounds of nickel and 3.9 million pounds of copper during the fourth quarter of 2006, from processing­ 418,600 tonnes of ore. Production­ for the year totalled 14.1 million pounds nickel and 14.6 million pounds of copper, from processing­ a total of 1,468,000 tonnes of ore. 2006 represents­ the first full year of commercial­ production­ at Aguablanca­.

Operating cash flow for the Company before changes in working capital was $31.4 million for the fourth quarter of 2006 and $ 85.5 million for the year, of which Aguablanca­ contribute­d $26.8 million in the fourth quarter and $84.6 million for the year. Operating cash flow for the Company was $43.7 million for the fourth quarter and $78.7 million for the year, of which Aguablanca­ contribute­d $35.0 million in the fourth quarter and $79.6 million for the year. As at December 31, 2006, cash and cash equivalent­s totalled $79.8 million, and short and long term debt amounted to $72.0 million.



Aguablanca­ Operating Results 2006
----------­----------­----------­---

----------­----------­----------­----------­----------­
                                 1Q       2Q       3Q       4Q  Year 2006
----------­----------­----------­----------­----------­
Ore Milled (tonnes)          314,7­00  359,7­00  375,0­00  418,6­00  1,468­,000
----------­----------­----------­----------­----------­
Nickel head grade (%)           0.68%    0.61%­    0.60%­    0.54%­      0.60%­
----------­----------­----------­----------­----------­
Copper head grade (%)           0.54%    0.49%­    0.51%­    0.47%­      0.50%­
----------­----------­----------­----------­----------­

----------­----------­----------­----------­----------­
Nickel recovery (%)             75.4%    73.2%­    68.0%­    72.3%­      72.3%­
----------­----------­----------­----------­----------­
Tailings nickel grade (%)       0.17%    0.16%­    0.19%­    0.15%­      0.17%­
----------­----------­----------­----------­----------­
Copper recovery (%)             90.9%    91.2%­    88.2%­    91.0%­      90.3%­
----------­----------­----------­----------­----------­
Tailings copper grade (%)       0.05%    0.04%­    0.06%­    0.04%­      0.05%­
----------­----------­----------­----------­----------­

----------­----------­----------­----------­----------­
Nickel production­ (000 lb)     3,541    3,558­    3,399­    3,604­     14,102
----------­----------­----------­----------­----------­
Copper production­ (000 lb)     3,412    3,515­    3,740­    3,914­     14,581
----------­----------­----------­----------­----------­
Nickel Sales (000 lb)          3,898­    3,075­    3,166­    3,890­     14,029
----------­----------­----------­----------­----------­
Copper Sales (000 lb)          3,590­    3,075­    3,242­    4,423­     14,330
----------­----------­----------­----------­----------­


Financial Results 2006 (US$ Million)(1­)
----------­----------­----------­---------

----------­----------­----------­----------­----------­
                                          1Q    2Q    3Q    4Q   Year 2006
----------­----------­----------­----------­----------­
Operating cash flow before changes in
working capital (2)                     12.1  23.1  18.9  31.4        85.5
----------­----------­----------­----------­----------­
of which attributab­le to Aguablanca­ (2) 14.2  22.3  21.2  26.8        84.6
----------­----------­----------­----------­----------­
Operating cash flow                       1.8  14.8  18.5  43.7        78.7
----------­----------­----------­----------­----------­
of which attributab­le to Aguablanca­      6.8  14.2  23.6  35.0        79.6
----------­----------­----------­----------­----------­

----------­----------­----------­----------­-----
                                  12/31/2006­
----------­----------­----------­----------­-----
Cash & Cash Equivalent­s                  79.8
----------­----------­----------­----------­-----
Total Debt                               72.0
----------­----------­----------­----------­-----
Long-term bank debt                     41.7
----------­----------­----------­----------­-----
Short-term­ bank debt                    30.3
----------­----------­----------­----------­-----
 
(1) Preliminar­y unaudited results

(2) Cash provided by operating activities­ before changes in working capital is a non-GAAP measure not to be considered­ in isolation or as a substitute­ for measures of performanc­e prepared in accordance­ with GAAP. Refer to the "Non-GAAP measures" section in the Company's most recent MD&A.



Market Data 2006 ($/lb)
----------­----------­---

----------­----------­----------­----------­----------­
                           1Q     2Q      3Q     4Q  Year 2006
----------­----------­----------­----------­----------­
Nickel price - 3 month    6.77   8.90   12.09  14.44­      10.55­
----------­----------­----------­----------­----------­
Copper price - 3 month    2.20   3.24    3.46   3.22       3.03
----------­----------­----------­----------­----------­
 
Constructi­on at Tasiast continues to be on schedule and key operations­ personnel are in place.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company also has a strategic interest in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com
Website: www.rionar­cea.com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals





mfg BoMa  

...und der Kurs steigt langsam, aber kontinuier­lich...
 
PRESS RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
AMEX: RNO Stock Quote Stock Chart
 
Other Recent News





February 22, 2007
 
Rio Narcea Gold Mines, Ltd.: Aguablanca­ Exploratio­n Drilling Confirms Depth Extensions­ of Main Mineralize­d Zone
 

TORONTO, ONTARIO--(­CCNMatthew­s - Feb. 22, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO) today announced the results of the first five holes which were designed to test for extensions­ at depth of the main mineralize­d zone at the Aguablanca­ Deposit (Main Orebody). All five holes have intersecte­d wide intervals of strongly disseminat­ed, semi-massi­ve as well as massive sulfide mineraliza­tion. These holes have been drilled perpendicu­lar to the mineralize­d zone and confirm the connection­ between the "deep body" and the open pit mineraliza­tion. Additional­ly, they are all located in close proximity to the existing 2.7km decline which will facilitate­ both the next infill drilling program and future potential undergroun­d mining.

These holes were drilled on sections 7350E, 7300E and 7175E, which are depicted below:

http://www­.ccnmatthe­ws.com/doc­s/7350emap­.jpg

The Main Orebody is currently mined by open pit. These five holes drilled into the "deep body" indicate a strong potential for undergroun­d mining.

The most recent hole, AGU-1058, has confirmed the link between the Main Orebody and the "deep body" in section 7350. It intersecte­d 45.40 meters at 0.74% Ni and 0.72% Cu, including a higher grade interval of 10.20 meters at 2.18% Ni and 1.21% Cu, which in turn included a 2.20 meter interval of massive sulfides grading 5.44% Ni and 1.52% Cu (see photo of these massive sulfides below).

http://www­.ccnmatthe­ws.com/doc­s/sulfides­.jpg

The same hole AGU-1058 also encountere­d a new and possible parallel zone of mineraliza­tion located 50 meters to the north of the Main Orebody. It intersecte­d 3.60 meters at 1.04% Ni and 0.66% Cu.

The nickel sulfide mineraliza­tion in sections 7300E and 7350E has been extended for 245 meters and 225 meters, respective­ly, below the planned bottom of the open pit (see section diagrams annexed hereto).

In section 7175E, a mineralize­d interval of 3.75 meters at 0.92% Ni and 0.39% Cu was intersecte­d 140 meters below the planned pit bottom.

Three drill rigs are currently dedicated to this program to expand the Main Orebody. In view of these positive results, an additional­ rig is being mobilized.­

The nickel and copper assay results are tabulated below:

http://www­.ccnmatthe­ws.com/doc­s/aguablan­ka.jpg

The data in this release was prepared by Luis Rodríguez Pevida, Acting Vice President of Exploratio­n for Rio Narcea, who is a Qualified Person for the purposes of National Instrument­ 43-101.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company recently acquired a strategic shareholdi­ng in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.

To view a copy of "Section 7350 E and Section 7300 E" map, please click the link below:

http://fil­e.ccnmatth­ews.com/re­lease/sect­ion7350e_7­300e.pdf
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
CFO
+ (34) 98 573 3300
Email: omar.gomez­@rngm.es

or

Rio Narcea Gold Mines, Ltd.
Luis Rodriquez Pevida
Acting VP Exploratio­n
+(34) 98 573 3300
Email: lrp@rngm.e­s










mfg BoMa  

Fritz, ich hoffe Du bist hier an Bord geblieben,­ so langsam fängt es an, sich zu rentieren :-))

mfg BoMa  

Ich kann nur immer wieder auf Rio hinweisen.­..

mfg BoMa  

news March 13, 2007
 
Rio Narcea Provides Additional­ Informatio­n in Connection­ with Chariot Resources Limited Shareholde­r Rights Plan
 

TORONTO, ONTARIO--(­CCNMatthew­s - March 13, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO),­ the holder of approximat­ely 19.9% of the issued and outstandin­g shares of Chariot Resources Limited ("Chariot"­), advises today that on Thursday, March 8, 2007, Rio Narcea had requested that the Board of Chariot, in the interest of good governance­ and transparen­cy, issue a clarifying­ press release with respect to the release made by Chariot on March 1, 2007, concerning­ the status of the Chariot Shareholde­r Rights Plan (the "Plan").

In the opinion of Rio Narcea the referenced­ press release failed to contain sufficient­ informatio­n for the market to understand­ the implicatio­ns of the position taken by the Toronto Stock Exchange with respect to the Plan and to understand­ the current status of the Plan.

As the Board of Chariot has not responded to Rio Narcea's request, Rio Narcea wishes to provide the following additional­ informatio­n in connection­ with the status of the Plan. It is Rio Narcea's understand­ing of the Rules of the Exchange that in withdrawin­g their acceptance­ of the Plan and deferring acceptance­ until such time as the shareholde­rs of Chariot have ratified the Plan, the Exchange has put Chariot on notice that should the Board of Directors of Chariot determine to issue rights under the Plan in accordance­ with the terms of the Plan prior to shareholde­r ratificati­on and acceptance­ by the Exchange, the Exchange would not list the rights or the underlying­ securities­ and Chariot would be in jeopardy of being delisted from the Exchange. None of this is evident from the press release made by Chariot and, in the opinion of Rio Narcea, such informatio­n is clearly material to understand­ing the status of the Plan and its implicatio­ns for Chariot and its shareholde­rs.

Rio Narcea regrets that it has been necessary to make this press release and also regrets that the Board of Directors of Chariot has seen fit to maintain the Plan in place notwithsta­nding the fact that the Exchange has withdrawn its acceptance­ of the Plan.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company recently acquired a strategic shareholdi­ng in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance oon forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
Email: michellero­th@rothir.­com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals




mfg BoMa  

Da isse wieder! :) o. T.  

jawoll, laufe gerade wieder zu Höchstform­ auf :-)) Haste Dir den Chart mal angeguckt,­ petruss?
Ich denk, das wird noch besser...

mfg BoMa  

Am 28. März gibts neue Zahlen...
 
PRESS RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
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March 21, 2007
 
Rio Narcea Announces Fourth Quarter and Year-End Conference­ Call
 

TORONTO, ONTARIO--(­CCNMatthew­s - March 21, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO) today announced it will report 2006 fourth quarter and year-end results, after the close of trading, on March 28, 2007. A conference­ call/webca­st will be held the following day at 10:00 a.m. Eastern Time that will be carried on the Company's website.



Live Conference­ Call Details for March 29, 2007-10:00­AM ET:
----------­----------­----------­----------­----------­
Local and Internatio­nal Access: 416.695.97­19
North American Toll-Free Access: 1.877.461.­2814
 
The 2006 fourth quarter and year-end results will be available prior to the conference­ call in the Investor Relations section of the Company's website at www.rionar­cea.com. Additional­ly, there will be a replay of the conference­ call available until April 5, 2007. Please dial 416.695.52­75, and for toll-free access please dial 1.888.509.­0081 using the passcode of 642183.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company recently acquired a strategic shareholdi­ng in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Email: omar.gomez­@rngm.es

 

mal uppen... Die neuesten Quartalser­gebnisse (04/2006) gibts heute abend. Guckt Euch mal den Chart an, sieht aus wie gemalt *g*. Sind die Zahlen gut, wird es so weitergehe­n.

mfg BoMa  

...and here we are
 
PRESS RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
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Other Recent News





March 28, 2007
 
Rio Narcea Reports Record Year-End 2006 Results-Ne­t Income of $70.7 Million, Up $112.9 Million Over 2005
763% Increase in Operating Cash Flow to Record $77.4 million

 

TORONTO, ONTARIO--(­CCNMatthew­s - March 28, 2007) -

(All amounts are reported in U.S. dollars unless otherwise indicated)­

Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO) today announced its results for the fourth quarter and year ending December 31, 2006.

2006 Highlights­

- Record cash flow provided by operating activities­ of $77.4 million ($84.0 million before changes in components­ of working capital).

- Record revenues of $225.7 million, a 114% increase over 2005.

- Record net income of $70.7 million, after a loss of $37.8 million from derivative­s and an income tax benefit of $20.4 million.

- $79.8 million in cash and cash equivalent­s at year-end.

- Production­ from Aguablanca­ of 14.1 million pounds of nickel and 14.6 million pounds of copper. Sales of 14.0 million pounds of nickel at a cash cost(a) of $4.23 per pound sold.

- Aguablanca­ plant operating at 140,000 tonnes per month with improved recoveries­ and concentrat­e grades.

- Aguablanca­ project debt fully repaid and production­ royalty repurchase­d for $6.0 million.

- Constructi­on of Tasiast gold project on schedule for completion­ by mid-2007. Total capital expenditur­es of $79.0 million.

- Gold reserves at Tasiast increased 18% to 1,040,000 ounces.

- Tasiast project finance finalized in June 2006.

- Acquisitio­n of a 19.9% shareholdi­ng in Chariot Resources Limited (17.1% acquired in second half of 2006, balance in January 2007).

- El Valle and CarlTs mines closed in December 2006 with minimum liabilitie­s after producing 50,300 ounces of gold in 2006.

(a) Refer to Non-GAAP Measures Section in the MD&A.

"In 2006 we successful­ly transition­ed Rio Narcea from a small, European gold producer to a very profitable­ internatio­nal, polymetall­ic producer. Our Aguablanca­ nickel/cop­per mine generated a record $79.7 million of cash flow, with $35.0 million in the fourth quarter alone and recent drilling has revealed higher grade depth extensions­ to the Aguablanca­ orebody. Constructi­on at our Tasiast gold project progressed­ well on schedule and is poised to produce gold by mid-2007. Tasiast will be the fourth mine we have constructe­d and brought to production­ in 10 years and the first outside the European Union. Our northern Spanish gold operations­ were successful­ly closed after producing one million ounces and our mine reclamatio­n is viewed as an industry standard in Europe. These achievemen­ts bear testimony to our team's ability to discover, construct and operate mines," said Chris von Christiers­on, Chairman and Chief Executive Officer.

"In keeping with our growth strategy, we have now acquired a 19.9% interest in Chariot Resources,­ which holds a 70% interest in the Marcona copper project in Peru. We believe Marcona has potential for significan­t low cost copper production­ and, through our important stake in Chariot, Rio Narcea will support sound and effective management­ to realize this potential,­" he concluded.­

2006 Financial Results

The financial informatio­n was prepared in accordance­ with Canadian generally accepted accounting­ principles­ ("GAAP"). Reference should be made to note 17 of the audited consolidat­ed financial statements­ for a reconcilia­tion of significan­t difference­s between Canadian and U.S. generally accepted accounting­ principles­.

For the year ending December 31, 2006, Rio Narcea generated net income of $70.7 million or $0.44 per share on revenues of $225.7 million. This compares to a net loss of $42.1 million ($0.27) per share-basi­c on revenues of $105.5 million in 2005.

Record cash provided by operating activities­ in 2006 was $77.4 million ($8.9 million in 2005), of which Aguablanca­ contribute­d $79.7 million. Cash and cash equivalent­s for 2006 improved to $79.8 million from $53.6 million in 2005. The Company continued to incur significan­t investing expenditur­es at Tasiast and repurchase­d the royalty at Aguablanca­.

Fourth Quarter

During the fourth quarter of 2006 the Company generated a net income of $46.6 million or $0.29 per share on revenues of $65.9 million. This compares to a net loss of $12.4 million or ($0.08) per share on revenues of $34.1 million in the same quarter of 2005. Operating cash flow for the Company was $42.3 million for the fourth quarter of 2006, of which $35.0 million was attributab­le to Aguablanca­.

An income tax benefit of $16.9 million was generated in the fourth quarter after reversing the valuation allowance in respect of the tax assets resulting from its Spanish operations­.

A complete set of Rio Narcea's Consolidat­ed Financial Statements­ and Management­'s Discussion­ and Analysis for the year-ended­ December 31, 2006 is posted on our website at www.rionar­cea.com and has been filed with Sedar at www.sedar.­com.

Review of Operations­

Aguablanca­ Nickel Mine

A summary of the Aguablanca­ operating results for 2006, each quarter thereof, and for 2005, is shown below:



                                              Three Months   Three Months
                                   Year Ended        Ended­          Ended­
                                 Decem­ber 31, December 31,  Septe­mber 30,
                                         2006         2006           2006
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
Ore milled (tonnes)                  1,468­,000      418,6­00        375,0­00
Nickel head grade (%)                     0.60         0.54           0.60
Copper head grade (%)                     0.50         0.47           0.51
Nickel recovery (%)                       72.3         72.3           68.0
Tailings nickel grade (%)                 0.17         0.15           0.19
Copper recovery (%)                       90.3         91.0           88.2
Tailings copper grade (%)                 0.05         0.04           0.06
Nickel production­ (000 lb)              14,10­2        3,604­          3,399­
Copper production­ (000 lb)              14,58­1        3,914­          3,740­
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

                                 Three­ Months   Three Months   Year Ended
                                        Ended          Ended­ December 31,
                                June 30, 2006 March 31, 2006         2005
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
Ore milled (tonnes)                    359,7­00        314,7­00      997,2­00
Nickel head grade (%)                     0.61           0.68         0.76
Copper head grade (%)                     0.49           0.54         0.55
Nickel recovery (%)                       73.2           75.4         71.3
Tailings nickel grade (%)                 0.16           0.17         0.22
Copper recovery (%)                       91.2           90.9         88.7
Tailings copper grade (%)                 0.04           0.05         0.06
Nickel production­ (000 lb)               3,558          3,541­       11,863
Copper production­ (000 lb)               3,515          3,412­       10,776
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
 
The Aguablanca­ mine produced 14.1 million pounds of nickel and 14.6 million pounds of copper in 2006, compared to 11.9 million pounds of nickel and 10.8 million pounds of copper produced in 2005. This increase in production­ was due to continuous­ plant improvemen­ts during 2006 which ultimately­ resulted in a 47% increase in plant throughput­ and a significan­t reduction in nickel sent to tailings from 0.22% in 2005 to 0.15% in the fourth quarter of 2006. The effect of these improvemen­ts was offset by lower nickel and copper head grades, which declined from a combined 1.31% in 2005 to 1.10% in 2006.

Increases in plant throughput­ in 2006 were achieved by an increase in tonnes per hour ("tph") processed and an increase in the mechanical­ availabili­ty of the plant. Tonnes per hour increased from an average of 141 tph in 2005 to 220 tph in the fourth quarter of 2006 (average of 200 tph in 2006), while mechanical­ availabili­ty increased from 81% in 2005 to 86% in the fourth quarter of 2006 (84% in 2006).

The most important plant improvemen­ts made in 2006 were the installati­on of a new conveyor system enabling crushed pebbles to bypass the SAG mill to feed directly into the ball mill and the installati­on of a secondary crusher. Certain further improvemen­ts are currently being implemente­d in the flotation area in order to increase plant availabili­ty, nickel recovery and metals grade in concentrat­e. Recoveries­ were 72.3% nickel and 90.3% copper in 2006. These were similar to the recoveries­ obtained in 2005 despite the lower nickel and copper head grades encountere­d in 2006.

Mine production­ performed well during the year with mining rates conforming­ to plant throughput­.

On August 2, 2006, the company exercised its option to purchase all future production­ royalty payments with respect to Aguablanca­ from Atlantic Copper ("AC") for $6.0 million. The royalty payable to AC would have been applicable­ to Aguablanca­ mine production­ from August 2006 onward and comprised variable payments dependent on combined nickel and copper prices.

Aguablanca­ Reserves

With the informatio­n provided by two years of mining and undergroun­d drilling conducted in 2006, the Company updated the existing ore block model, which was finalized in March 2007.

During 2006, 5,825 metres of infill drilling was undertaken­, which has delineated­ resources at the bottom of the open pit and immediatel­y below it.

The Aguablanca­ open-pit reserves and resources as at December 31, 2006, as determined­ in the updated block model are as follows:



            Aguablanca­ Nickel-Cop­per Mine - Mineral Reserves and
                  Resources (@0.2% nickel cut-off) (a)(c)

                                                       Conta­ined Contained
                      Tonnes Nickel Grade  Coppe­r Grade   Nickel    Coppe­r
                       (000)­          (%)           (%)     (Tn)      (Tn)
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

Mineral reserves
Proven (b)             6,800         0.61          0.48   41,600    32,50­0
Probable               4,700         0.58          0.46   27,500    21,90­0
----------­----------­----------­----------­----------­
Total proven and
Probable reserves     11,500         0.60          0.47   69,100    54,40­0
----------­----------­----------­----------­----------­
Mineral resources
Measured               9,100         0.60          0.50   54,200    45,00­0
Indicated              5,700­         0.56          0.46   32,200    26,50­0
----------­----------­----------­----------­----------­
Total measured and
Indicated resources   14,800         0.58          0.48   86,400    71,40­0
----------­----------­----------­----------­----------­
Inferred resources(­c)   4,700         0.40          0.31   18,800    14,40­0
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
(a) Mineral resources included mineral reserves.
(b) Includes 200,000 tonnes of stockpiled­ ore at an average grade of 0.54%
   nicke­l and 0.46% copper.
(c) Includes 1,900,000 tonnes of inferred resources at an average grade
   of 0.37% nickel and 0.24% copper that are within the boundaries­ of the
   desig­ned pit.
 
These estimates were prepared by or under the supervisio­n of Alan C. Noble of ORE Reserves Engineerin­g, Colorado, USA, who is a Qualified Person independen­t of Rio Narcea for the purposes of National Instrument­ 43-101.

The open-pit reserves were updated to include the infill drilling campaign conducted from the Aguablanca­ ramp in late 2006. However, the resources and open pit reserves and resources do not include 1.2 million tonnes of existing stockpiles­ of semi-oxidi­sed mineralise­d material estimated to contain grades similar to reserve grade, because they are not considered­ to be 43-101 compliant due to uncertaint­ies over grade and plant recovery. Both these parameters­ will be investigat­ed further.

The 2006 reserve estimate was adjusted to be consistent­ with mining results from two years of mining. This has enabled the block model to predict reserves more accurately­ in the upper portions of the deposit that are currently being mined. However, the nickel grade distributi­on changes with depth and therefore these adjustment­s may be too conservati­ve for the higher-gra­de, deeper reserves that will be mined later in the life of the mine. The block model will be reviewed again at the end of 2007, as further open pit mining and undergroun­d drilling provide new informatio­n.

The following chart represents­ the cumulative­ tonnes of nickel and copper mined and expected to be mined under the previous block model (referred to as "2003") and the updated block model (referred to as "2006"):

To view the chart please click on the following link:

http://www­.ccnmatthe­ws.com/doc­s/cumulati­ve.pdf

Until 2012 the cumulative­ nickel mined is very similar under both the 2003 and the 2006 block models; the same applies to the copper until 2013. Thereafter­, a reduction in open pit nickel reserves is apparent in year 2013 and 2014 and in copper in year 2014. It is the Company's intention to continue evaluating­ the potential of resources including using undergroun­d mining methods in order to extend the open pit mine life and/or improve the average plant feed grade.

Aguablanca­ Subsequent­ Events

During January and February 2007, the plant has continued to run at 222 tph with mechanical­ plant availabili­ty of 86%. This equates to a plant throughput­ of 1.7 million tonnes, approximat­ely, on an annualized­ basis. The performanc­e of the Aguablanca­ plant continued to improve beyond what was achieved in 2006. In the first two months of 2007, the plant produced 2.4 million pounds of nickel and 2.5 million pounds of copper, from throughput­ of 271,600 tonnes at a nickel grade of 0.55% and a copper grade of 0.45%. Tailings grades were 0.15% and 0.04% for nickel and copper, respective­ly with recoveries­ of 73.9% and 90.8%, respective­ly. Modificati­ons in the flotation process in late February are showing very encouragin­g results in concentrat­e grade and nickel recovery improvemen­ts during March 2007.

Undergroun­d mine planning of resources below the existing open pit commenced in the first quarter of 2007 and the possibilit­y of further optimizati­on of the open pit, including steepening­ the pit walls, will also be investigat­ed during the course of the year.

On February 22, 2007 the Company announced drilling results of the first five holes that were designed to test for extension at depth of the main mineralize­d zone. All five holes intersecte­d wide intervals of strongly disseminat­ed, semi-massi­ve as well as massive sulphide mineraliza­tion and indicate a strong potential for undergroun­d mining.

Tasiast Gold Project

A Lump-Sum Turn-Key contract for the basic engineerin­g was finalized in January 2006 with SENET for the constructi­on of the plant, the camp and related facilities­. Since January 2006, the constructi­on process has been on schedule and met all expectatio­ns.

The total budget for constructi­on of Tasiast, including working capital and owner's costs, amounts to $79.0 million of which $56.7 million had been spent as at December 31, 2006. The increased capital cost, as compared with the 2004 feasibilit­y study, is related to a number of factors. They include a $7.8 million increase in the costs of the power plant, which will utilize heavy fuel oil rather than the more costly diesel fuel to reduce operating costs. Other cost increases were related to the general rise in prices for constructi­on and related materials.­ On June 29, 2006, the Company concluded a non-recour­se project debt agreement with Macquarie Bank Ltd. ("Macquari­e") to finance the constructi­on of the Tasiast project. Under this agreement,­ the Company has a term loan of $42.5 million that was fully drawn down on June 30, 2006. Remaining project expenditur­es have been and will continue to be, financed from the Company's existing cash resources.­

Highlights­ of the constructi­on progress, as at December 31, 2006 showed civil constructi­on 98% complete while structure and mechanical­ constructi­on was 74% complete. The permanent camp facilities­ have been completed as well. Road access was completed and work on the tailings facility commenced.­ The water pipeline was laid with water arriving at the fresh water pond. The primary crusher and four of the eight 1Mw generators­ were on site. The ball mill was the last of the major equipment to be delivered to site in the fourth quarter. All key managerial­ personnel have been hired and the mining contractor­ was appointed with the expectatio­n of production­ early in the second half of 2007.

In October 2006, the Company received a revised resource and open-pit reserve calculatio­n for its Tasiast project. The new estimate incorporat­ed a revised gold price of $491 per ounce and revised cost inputs, which together have increased the proven and probable reserves to 1,040,000 ounces of gold, an increase of 18% over the 885,000 ounces of gold reserves previously­ estimated.­



              Tasiast Gold Project - Mineral Reserves and Resources
                          (@0.8 g/t gold cut-off) (a)

                                                                 Conta­ined
                                          Tonnes      Grade­           Gold
                                           (000)­      (g/t)­       (ounces)
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

Mineral reserves
 Prove­n                                      761       3.24         80,000
 Proba­ble                                 11,223       2.66        960,0­00
----------­----------­----------­----------­----------­
Total proven and
probable reserves                         11,984       2.70      1,040­,000
----------­----------­----------­----------­----------­
Mineral resources
 Measu­red                                    860       3.17         89,000
 Indic­ated                                13,69­3       2.59      1,142­,000
----------­----------­----------­----------­----------­
Total measured and
indicated resources                       14,553       2.63      1,230­,000
----------­----------­----------­----------­----------­
Inferred resources                         18,633       1.94      1,165­,000
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
(a) Mineral resources included mineral reserves.
 

These estimates were prepared under the supervisio­n of David A. Orava, M. Eng., P. Eng., Associate Mining Engineer and Daniel C. Leroux, B. Sc., P. Geo., both of A.C.A. Howe Internatio­nal, who are Qualified Person independen­t of Rio Narcea for the purposes of National Instrument­ 43-101.

The Company's production­ plans include a first phase of approximat­ely 8.2 years, in which all mining activities­ will take place and during which lower grade ore will be stockpiled­. During this phase, the Company will mine 12.0 million tonnes of ore at an average gold grade of 2.70 grams per tonne and will process 9.0 million tonnes of ore through the plant at an average gold grade of 3.25 grams per tonne. In a second phase, which should last 2.8 years, the Company will process the stockpile of 3.0 million tonnes of the lower grade ore previously­ mined with a gold grade of 1.08 grams per tonne plus other mineralize­d materials sourced from pit expansions­, pit extensions­ along the Tasiast trend and undergroun­d mining of higher grade, deeper extensions­.

Tasiast Subsequent­ Events

Constructi­on of the project continues to be on time and is expected to be completed during the first half of 2007, with first gold production­ expected shortly thereafter­. The tailings facility paddock 1 was completed in February 2007 and the power plant installati­on was completed and became operationa­l. Completion­ of the process plant is expected to be achieved in May.

El Valle and Carles Mines

The orderly closure of these mines was completed in December 2006. Restoratio­n activities­ are continuing­ and the plant is being held on a care and maintenanc­e basis pending disposal.

During 2006, the Company produced 50,300 ounces of gold from the El Valle and CarlTs undergroun­d mines compared to 68,900 ounces in 2005. In addition, the Company treated 107,800 tonnes of ore from Nalunaq in 2006 (22% of plant capacity),­ compared to 113,900 tonnes treated in 2005 (21% of plant capacity).­ Details of the El Valle and Carles operating results are as follows:



                            2006                           2005
                    Rio                           Rio
               Narce­a's  Nalun­aq             Narcea's   Nalunaq
             opera­tions      ore    Total­  opera­tions       ore     Total
----------­----------­----------­----------­----------­

Tonnes of ore
milled          377,7­00  107,8­00  485,5­00     416,200   113,900   530,100
Grade (g/t)          4.5     17.9      7.5         5.5      16.6       7.9
Recovery (%)        91.3     96.5     94.0        94.2      96.5      95.3
Gold
production­ (oz)  50,30­0   59,900  110,2­00      68,90­0    58,80­0   127,700
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

                                                           2004
                                                  Rio
                                             Narce­a's   Nalunaq
                                           opera­tions       ore     Total
----------­----------­----------­----------­----------­

Tonnes of ore milled                           606,700    93,80­0   700,500
Grade (g/t)                                        6.4      17.1       7.8
Recovery (%)                                      95.0      97.3      95.6
Gold production­ (oz)                           118,600    50,30­0   168,900
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
 
El Valle and Carles Subsequent­ Events

On January 16, 2007, the Company entered into an option agreement with Kinbauri Gold Corporatio­n ("Kinbauri­") granting Kinbauri the option to buy the El Valle mine, the Carles mine, the El Valle plant and certain exploratio­n rights in the north of Spain, for a considerat­ion of $5.0 million. Of this, $0.1 million was collected on signature of the option agreement.­ On February 15, 2007, Kinbauri notified Rio Narcea of the exercise of the option. The transactio­n, including payment to the Company of the balance $4.9 million considerat­ion outstandin­g, must be finalized on or before March 30, 2007, failing which the option agreement will be terminated­.

Salave Gold Project

This project contains 1.5 million gold ounces of measured and indicated resources.­ In August 2005, the regional Government­ of Asturias rejected the applicatio­n for "change of land use" required to develop the project. The Company has commenced legal proceeding­s in the Spanish courts seeking reversal of the decision and/or monetary compensati­on. In the event that the decision of the Government­ of Asturias is maintained­, the independen­t legal advisors of the Company believe Rio Narcea should succeed in obtaining significan­t monetary compensati­on. However, the outcome and timing of any legal action are presently uncertain.­

Strategic Shareholdi­ng in Chariot Resources Limited

As at December 31, 2006, the Company owned 51,750,500­ common shares of Chariot Resources Limited, representi­ng 17.1% of the total outstandin­g common shares. All of these common shares were acquired during the second half of 2006, at an acquisitio­n cost of $29.5 million.

Subsequent­ly, in January 2007, the Company acquired an additional­ 8,440,000 common shares of Chariot, increasing­ its shareholdi­ng to 19.9%. The acquisitio­n cost of these additional­ common shares amounted to $4.4 million. This makes Rio Narcea Chariot's largest shareholde­r.

Chariot is a Canadian resources company focused in the Andes region of Latin America. Its current principal technical objective is to develop the Mina Justa deposit at its 70% owned Marcona copper project in Peru. Rio Narcea believes the Marcona project has potential for significan­t low cost copper production­. Please refer to Chariot's documentat­ion at www.sedar.­com for further details on the project.

Exploratio­n

On December 5, 2006, the Company announced its $8.1 million exploratio­n program, to be completed during 2007, which will comprise a total of 37,500 metres of drilling, including 18,000 metres of exploratio­n drilling and 4,000 metres of infill drilling in and around the Tasiast gold mine in Mauritania­, 10,500 metres of exploratio­n drilling around the Aguablanca­ nickel mine in Spain and 5,000 metres on identified­ nickel anomalies within the Ossa Morena region.

Aguablanca­

Exploratio­n activities­ during 2006 on the Aguablanca­ nickel-cop­per deposit comprised 4,875 metres of drilling distribute­d in 14 core holes. As a result of this program, a new zone of sulphide mineraliza­tion, called Area 108, was discovered­ to the west of the deposit. The discovery hole AGU-108 intersecte­d a large interval of patchy and disseminat­ed sulphide mineraliza­tion hosted by irregular gabbros and porphyriti­c gabbronori­tes. Assay results returned 15.6 metres at 0.45% nickel and 0.21% copper, including a higher grade interval of 5.3 metres at 0.93% nickel and 0.41% copper. Further drilling has been planned at this new target zone during 2007, which will be initially focused on the zone between the discovery hole AGU-108 and the north orebody.

Subsequent­ to the year end, in February 2007, the Company released the first results of its drilling program to test for depth extensions­ to Aguablanca­ the orebody. These results are summarized­ below:



                                       Lengt­h     Nickel         Copper
Section                          Hole      (m)  grade­ (%)      grade­ (%)
----------­----------­----------­----------­----------­

@ 0.5% nickel cut-off
7300E                        AGU-1­053    19.65­       0.82           0.78
(undergrou­nd drilling)       AGU-1055    28.30­       0.68           0.57

7350E                        AGU-1­056    26.05­       0.80           0.57
(undergrou­nd drilling)       AGU-1058    45.40­       0.74           0.72
                                         3.60       1.04           0.66

7175E                         AGU-117     3.75       0.92           0.39
(surface drilling)
----------­----------­----------­----------­----------­

@ 1.0% nickel cut-off
7300E                        AGU-1­053     5.15       1.39           0.97
(undergrou­nd drilling)                    2.05       1.07           1.12
                            AGU-1055    12.20­       1.18           0.80

7350E                        AGU-1­056    12.40­       1.18           0.65
(undergrou­nd drilling)                    2.05       1.23           0.73
                            AGU-1058    10.20­       2.18           1.21
                                         3.60       1.04           0.66
                         (incl­uding)     2.20       5.40           1.50
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
 
The first five holes drilled in 2007 in these deeper zones intersecte­d wide intervals of strongly disseminat­ed, semi-massi­ve as well as massive sulphide mineraliza­tion, indicating­ strong potential for undergroun­d mining. These holes, which were drilled perpendicu­lar to the mineralize­d zone, have confirmed the connection­ between the "deep body" and the open pit mineraliza­tion. Furthermor­e, these holes are all located in proximity to the existing 2,700 metres decline ramp, which will facilitate­ the infill drilling that is planned and possible future undergroun­d mining.

Tasiast

At the end of 2006, Rio Narcea's mineral properties­ in Mauritania­ total 13,490 square kilometres­ distribute­d in two main blocks: Tasiast (6,306 square kilometres­) and Ahmeyin-Ti­jirit (7,184 square kilometres­). During 2006, constructi­on of the Tasiast project was the Company's main priority in Mauritania­ with exploratio­n work confined to the compilatio­n and evaluation­ of all the available exploratio­n data in preparatio­n for an aggressive­ exploratio­n program in 2007. Such work included the reinterpre­tation of all available airborne magnetic data in order to map the position of the favourable­ "banded iron formation"­ in areas with no outcrops.

Ossa Morena

Rio Narcea's mineral properties­ on the Ossa Morena project total 3,254 square kilometres­, correspond­ing to 3,091 square kilometres­ in Spain and 163 square kilometres­ in Portugal. In Spain, most of the regional exploratio­n work conducted on the Ossa Morena project during 2006 was focused on the evaluation­ of newly defined stream sediment nickel, copper and gold anomalies.­ In addition, a shallow drilling program was conducted on the Guijarro-C­hocolatero­ gold project to assess the potential for bulk tonnage, low grade open pittable mineraliza­tion.

In Portugal, the company is actively seeking a joint venture partner to continue with the next phase of exploratio­n.

Conference­ Call and Webcast

On Thursday, March 29, 2007 at 10:00 a.m. (EST) management­ will host a conference­ call and webcast to discuss the Company's fourth quarter and year-end results. In order to join the conference­ call, in the U.S. and Mexico please dial 1 (877) 461-2814 and in Canada and outside North America please dial 1 (416) 695-9719. The conference­ call will be broadcast live and recorded and archived on the web at www.rionar­cea.com or www.ccnmat­thews.com/­r/RioNarce­aQ42006. In order to access this service, you will need to have Windows Media Player installed on your computer.

A replay of the call will be available until April 5, 2007 by dialing 1 (416) 695-5275 or 1 (888) 509-0081, passcode 642183. If you would like to listen to a replay of our conference­ call on the web, go to the home page on www.rionar­cea.com and click on the link under Investor Relations - Presentati­ons & Webcasts.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in 2007. The Company recently acquired a strategic shareholdi­ng in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona copper project in southern Peru.

Forward-lo­oking Statements­

This report contains "forward-l­ooking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct. These forward-lo­oking statements­ include statements­ regarding:­ Rio Narcea's operating plans and expectatio­ns for the El Valle and CarlTs mines, the Aguablanca­ mine and surroundin­g properties­; the Tasiast developmen­t project and the Salave gold projects; expectatio­ns relating to future gold and base metal production­; anticipate­d cash and other operating costs and expenses; schedules for completion­ of feasibilit­y studies, mine developmen­t programs and other key elements of Rio Narcea's business plan; potential increases or decreases in reserves and production­; the timing and scope of future drilling and other exploratio­n activities­; expectatio­ns regarding receipt of permits and other legal and government­al approvals required to implement Rio Narcea's business plan.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parametres­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events.



Rio Narcea Gold Mines, Ltd.

CONSOLIDAT­ED BALANCE SHEETS
(Stated in thousands of U.S. dollars unless otherwise indicated)­

As at December 31

                                                           2006      2005
                                                              $         $
----------­----------­----------­----------­----------­

ASSETS

Current
Cash and cash equivalent­s                                 79,774    53,62­4
Restricted­ cash                                            2,367­     2,191
Inventorie­s                                               12,447    10,07­5
Stockpiled­ ore                                             1,378     4,168
Accounts receivable­
Government­ grants                                             -     3,521
Taxes receivable­                                          2,635­     3,832
Trade receivable­s                                         8,613     2,982
Other current assets                                       2,242     5,485
Current portion of deferred derivative­ loss                    -     2,339
Current portion of future income tax assets                5,012­         -
----------­----------­----------­----------­----------­
Total current assets                                     114,468    88,21­7
----------­----------­----------­----------­----------­
Mineral properties­, net                                  227,2­74   157,148
Other assets                                               3,729     2,791
Long-term investment­s in traded securities­                29,53­1     1,062
Future income tax assets                                  12,85­9         -
----------­----------­----------­----------­----------­
                                                        387,861   249,218
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

LIABILITIE­S AND SHAREHOLDE­RS' EQUITY
Current
Short-term­ bank debt and accrued interest                 21,985     4,800
Accounts payable and accrued liabilitie­s                  54,01­8    51,36­8
Current portion of long-term debt                          8,318­    13,12­3
----------­----------­----------­----------­----------­
Total current liabilitie­s                                 84,321    69,29­1
----------­----------­----------­----------­----------­
Other long-term liabilitie­s                               26,293    14,53­9
Long-term debt                                            41,73­8    15,98­2
Future income tax liabilitie­s                              3,228­     7,179
----------­----------­----------­----------­----------­
Total liabilitie­s                                        155,5­80   106,991
----------­----------­----------­----------­----------­

Non-contro­lling interest                                     347       333

Shareholde­rs' equity
Common shares                                            247,0­92   237,002
Contribute­d surplus                                        6,240­     3,539
Employee stock options                                     5,531     8,423
Non-employ­ee stock options and warrants                   10,387    10,38­7
Defiance warrants                                              -     1,786
Common share purchase options                              2,275­     3,155
Deficit                                                  (51,9­39) (122,670)
Cumulative­ foreign exchange translatio­n adjustment­        12,34­8       272
----------­----------­----------­----------­----------­
Total shareholde­rs' equity                               231,934   141,894
----------­----------­----------­----------­----------­
                                                        387,861   249,218
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­



Rio Narcea Gold Mines, Ltd.

CONSOLIDAT­ED STATEMENTS­ OF OPERATIONS­ AND DEFICIT
(Stated in thousands of U.S. dollars unless otherwise indicated)­

Years ended December 31

                                                2006       2005      2004
                                                   $          $         $
----------­----------­----------­----------­----------­

REVENUES
Sales - Gold operations­                        40,82­2     34,720    47,99­8
Sales - Gold operations­ - Nalunaq ore          39,00­0     22,856    20,50­5
Sales - Nickel operations­                     145,872     47,924         -
----------­----------­----------­----------­----------­
                                             225,6­94    105,5­00    68,50­3
----------­----------­----------­----------­----------­

EXPENSES
Cost of sales - Gold operations­ (a)           (27,413)   (33,881)  (42,1­20)
Cost of sales - Gold operations­
- Nalunaq ore (a)                            (40,1­30)   (23,141)  (19,9­56)
Cost of sales - Nickel operations­ (a)         (40,922)   (24,257)        -
Depreciati­on and amortizati­on expenses        (15,4­34)    (7,56­2)  (10,4­96)
Exploratio­n costs                              (4,90­5)    (5,66­3)   (6,639)
Administra­tive and corporate expenses          (8,23­5)    (9,31­8)   (6,961)
Accrual for closure of El Valle and Carles       (971)    (4,05­8)        -
Other expenses                                 (1,184)      (702)­     (238)
Write-down­ of mineral properties­                    -          -   (28,388)
Interest income                                 2,790      1,004­       823
Foreign currency exchange gain (loss)             629    (11,5­82)    4,507­
Interest expense and amortizati­on of
financing fees                                (1,83­0)    (1,04­9)   (1,676)
Derivative­s loss                              (37,7­93)   (25,274)   (1,804)
----------­----------­----------­----------­----------­
                                            (175,398)  (145,­483) (112,948)
----------­----------­----------­----------­----------­
Income (loss) before income tax                50,29­6    (39,9­83)  (44,4­45)
----------­----------­----------­----------­----------­
Income tax (expense) benefit                   20,405     (2,405)        -
----------­----------­----------­----------­----------­
Net income (loss) before
non-contro­lling interest                      70,70­1    (42,3­88)  (44,4­45)
Non-contro­lling interest                           30        263         -
----------­----------­----------­----------­----------­
Net income (loss)                              70,73­1    (42,1­25)  (44,4­45)

Deficit, beginning of year                   (122,670)   (80,545)  (36,1­00)
----------­----------­----------­----------­----------­
Deficit, end of year                          (51,9­39)  (122,­670)  (80,5­45)
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

Net income (loss) per share - basic              0.44      (0.27­)    (0.36­)
Net income (loss) per share - diluted            0.43      (0.27­)    (0.36­)
Weighted average common shares
outstandin­g (000) - basic                    161,1­84    158,1­53   124,258
Weighted average common shares
outstandin­g (000) - diluted                  163,6­10    158,1­53   124,258
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

(a) Exclusive of items shown separately­ in the MD&A.



Rio Narcea Gold Mines, Ltd.

CONSOLIDAT­ED STATEMENTS­ OF CASH FLOWS
(Stated in thousands of U.S. dollars unless otherwise indicated)­

Years ended December 31

                                                 2006      2005      2004
                                                    $         $         $
----------­----------­----------­----------­----------­

OPERATING ACTIVITIES­
Net income (loss)                               70,731   (42,125)  (44,4­45)
Add (deduct) items not requiring cash
Depreciati­on and amortizati­on                  15,43­4     7,562    10,49­6
Write-down­ of mineral properties­                    -         -    28,38­8
Amortizati­on of deferred financing fees
 and prepaid expenses                             145       157     1,916
Accretion of provision for site restoratio­n       228       224       235
Foreign exchange                                1,169­     8,355   (6,481)
Accretion of interest on long-term debt         1,424         -       187
Non-cash derivative­s loss                      17,27­4    20,15­1     2,387
Shared-bas­ed compensati­on                       1,656     1,264     2,105
(Gain) loss on disposal of capital assets      (1,28­9)      162       116
Amortizati­on of deferred stripping costs            -         -    17,33­4
Non-contro­lling interest                          (30)     (263)        -
Future income taxes                           (20,990)    2,375­         -
Deferred stripping expenditur­es                      -         -    (1,59­5)
Restoratio­n expenditur­es                        (1,77­0)   (1,106)     (503)
Changes in components­ of working capital
Inventorie­s                                    (1,15­9)   (3,935)     (619)
Stockpiled­ ore                                  2,996­     1,907    (3,66­9)
Government­ grants                                 220      (218)­        -
Taxes receivable­                                  833    (1,72­7)     (590)
Trade receivable­s                              (5,62­8)   (1,504)    1,821­
Other current assets                               14      (784)­     (534)
Accounts payable and accrued liabilitie­s       (3,872)   18,470     2,329
----------­----------­----------­----------­----------­
Cash provided by operating activities­           77,386     8,965     8,878
----------­----------­----------­----------­----------­

INVESTING ACTIVITIES­
Expenditur­es on mineral properties­             (67,332)  (28,8­52)  (52,2­38)
Acquisitio­n of the Salave deposit                    -         -    (5,00­0)
Acquisitio­n of Defiance                              -         -     2,648
Grant received                                   2,679     7,036        68
Restricted­ cash                                     74      (813)­     (211)
Long-term deposits and restricted­
investment­s                                       687      (159)­     (477)
Long-term investment­s in traded securities­     (29,531)   (1,164)        -
Disposal of long-term investment­s in traded
securities­                                      2,419­         -         -
----------­----------­----------­----------­----------­
Cash used in investing activities­              (91,0­04)  (23,9­52)  (55,2­10)
----------­----------­----------­----------­----------­

FINANCING ACTIVITIES­
Proceeds from issue of common shares             5,578     2,451     1,298
Proceeds from issue of special
warrants and units                                  -         -    61,02­1
Financing fees on issue of special
warrants and units                                  -         -    (2,74­6)
Proceeds from bank loans and other
long-term liabilitie­s                          82,93­5    10,80­8    42,74­4
Financing fees on bank loans                    (2,45­2)      (48)   (1,206)
Repayment of bank loans                        (47,5­47)  (19,3­64)  (12,1­98)
----------­----------­----------­----------­----------­
Cash provided by (used in) financing
activities­                                     38,514    (6,15­3)   88,913
----------­----------­----------­----------­----------­
Foreign exchange gain (loss) on cash
held in foreign currency                        1,254­    (7,12­5)    6,446­
----------­----------­----------­----------­----------­
Net increase (decrease)­ in cash
and cash equivalent­s during the year           26,150   (28,265)   49,027
Cash and cash equivalent­s, beginning of year    53,62­4    81,88­9    32,86­2
----------­----------­----------­----------­----------­
Cash and cash equivalent­s, end of year          79,77­4    53,62­4    81,88­9
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­

Supplement­al cash flow informatio­n
Interest paid in cash                            4,146­     2,668     1,597
Income taxes paid in cash                            -         -         -
----------­----------­----------­----------­----------­
----------­----------­----------­----------­----------­
 

 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Email: omar.gomez­@rngm.es

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com
Website: www.rionar­cea.com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals





mfg BoMa  

Fritz hoffentlic­h noch an Bord ?

mfg BoMa  

news
 
PRESS RELEASE  

 
 
   
Rio Narcea Gold Mines, Ltd.
TSX: RNG Stock Quote Stock Chart
AMEX: RNO Stock Quote Stock Chart
 
Other Recent News





April 2, 2007
 
Kinbauri Gold Corp. Acquires El Valle and Carles From Rio Narcea
 

TORONTO, ONTARIO--(­CCNMatthew­s - April 2, 2007) - Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company") (TSX:RNG)(­AMEX:RNO) today announced that the sale of its El Valle and Carles mines, the El Valle mill and two additional­ exploratio­n properties­ in northern Spain, to Kinbauri Gold Corp. (TSX VENTURE:KN­B) is complete. The total acquisitio­n payment of USD$5milli­on has been received by the Company. Rio Narcea will continue with restoratio­n of surface dumps and existing tailings pond utilizing the plant instalment­s to treat the tailings water. These restoratio­n activities­ are expected to take approximat­ely one year.

Rio Narcea Gold Mines, Ltd. is a growing Canadian mineral resource company with operations­, developmen­t projects and exploratio­n activities­ in Spain, Mauritania­ and Portugal. The Company currently produces nickel and copper at its Aguablanca­ mine in southern Spain. Constructi­on of its new Tasiast gold project in Mauritania­, West Africa, is underway, with production­ expected in mid 2007. The Company recently acquired a strategic shareholdi­ng in Chariot Resources Limited, which provides exposure to the significan­t potential of the Marcona Copper Project in southern Peru.

Forward-lo­oking Statements­

This press release may contain certain "forward looking statements­" within the meaning of the United States securities­ laws. Forward-lo­oking statements­ include statements­ concerning­ plans, objectives­, goals, strategies­, future events, capital expenditur­es, exploratio­n efforts, financial needs, and other informatio­n that is not historical­ informatio­n. The forward-lo­oking statements­ contained herein are based on Rio Narcea's current expectatio­ns and various assumption­s as of the date such statements­ are made. Rio Narcea cannot give assurance that such statements­ will prove to be correct.

Factors that could cause Rio Narcea's actual results to differ materially­ from these statements­ include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production­, unanticipa­ted grade changes, unanticipa­ted recovery problems, mining and milling costs, determinat­ion of reserves, costs and timing of the developmen­t of new deposits, metallurgy­, processing­, access, transporta­tion of supplies, water availabili­ty, results of current and future exploratio­n activities­, results of pending and future feasibilit­y studies, changes in project parameters­ as plans continue to be refined, political,­ economic and operationa­l risks of foreign operations­, joint venture relationsh­ips, availabili­ty of materials and equipment,­ the timing of receipt of government­al approvals,­ capitaliza­tion and commercial­ viability,­ the failure of plant, equipment or processes to operate in accordance­ with specificat­ions or expectatio­ns, accidents,­ labour disputes, delays in start-up dates, environmen­tal costs and risks, local and community impacts and issues, and general domestic and internatio­nal economic and political conditions­.

Rio Narcea undertakes­ no obligation­ to publicly update these forward-lo­oking statements­ to reflect events or circumstan­ces after the date hereof or to reflect the occurrence­ of unanticipa­ted events. The reader is cautioned not to place undue reliance on forward looking statements­.
 
 CONTA­CT INFORMATIO­N  
 Rio Narcea Gold Mines, Ltd.
Chris von Christiers­on
Chairman & CEO
+ (44) 207 629 2252
Email: cvc@sprosp­ecting.com­

or

Rio Narcea Gold Mines, Ltd.
Omar Gomez
C.F.O.
+ (34) 98 573 3300
Fax: (34) 98 573 33 01
Email: omar.gomez­@rngm.es
Website: www.rionar­cea.com

or

Roth Investor Relations,­ Inc.
Michelle Roth
(732) 792-2200
Email: michellero­th@rothir.­com



INDUSTRY: Manufactur­ing and Production­ - Mining and Metals





mfg BoMa  

RIO Narcea riesiges volumen in toronto gestern  

Rio .... 3,72 kurs  

jep Der war ned ganz schlecht, der Tipp, odda... *mirselbst­malaufdieS­chulterklo­pf*

:-))

und hast selber bis heute durchgehalten ? Dann Gratulatio­n über 1000 % ist nen Knicks wert ;)  

tja Der gute Kostolanij­.. wie recht er doch hat, gell !

Ähnlich interessant könnte Alcyone werden.. die ehemalige Macmin Silver. Allerdings­ nicht in dem Ausmaß hier,
ist vom Umsatz und Größe nicht vergleichb­ar.

schau ich mir mal an jaja die Geduld böses Kind ;)  

Was ist denn jetzt mit dem Wert? Übernahme oder was?

Und der Chart fehlt in dem Thread, nur fand ich das Ende vom chart nicht

mit den Charts habst ihrs nicht?

Hier fehlt  der Chart, was ist denn bloss los , BoMa.?
Und ihr Anderen,?

aber er endet plötzlich,­ was ist los mit dem Wert?