Jul 21, 2008
Story Timeline: 120 days
PARIS--(Marketwire - July 21, 2008) - ROSEBEL ROYALTY REVENUE FOR 2ND QUARTER 2008 PARIS, France, July 21, 2008: EURO Ressources S.A. (TSX: EUR ) (Paris: EUR) reports that IAMGOLD Corporation has advised that production of 78,522 ounces of gold was achieved at the Rosebel gold mine during the second quarter of 2008. This compares to 76,002 ounces in the first quarter of 2008 and 69,811 ounces in the second quarter of 2007. EURO recorded revenue from the Rosebel royalty of $4.43 million in the quarter, a small decrease from the previous quarter's royalty of $4.52 million but 79.1% higher than the royalty of $2.48 million for the comparative period of 2007. The percentage of "Hard Rock" gold production increased to 40.2% from 35.7% in the first quarter and 10.1% in the comparative quarter of 2007. The average gold price for the...
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