La Mancha Resources Inc.
Gold Mining
LMA.TO : TSX

La Mancha operates three gold mines, with production strategically distributed between Africa and Australia, and is actively developing an advanced project in Australia. In 2008, the Company began to reap the benefits of upgrading and re-launching the producing mines inherited in 2006. Cash costs per ounce combined of the African operation s have started to decrease and the Company has been generating positive cash flows since the third quarter of 2008. In 2008, consolidated gold production increased by 33% compared to 2007 to reach 71,550 ounces. In 2009, we expect to further increase our production to up to 100,000 ounces of gold, thanks mainly to the first full year of production at Frog's Leg. The two African mines are also expected to produce more gold from optimized operations and higher grades at our new Mount Ity pit in Côte d'Ivoire. The Company's resource base jumped by 34% from 1.3 million ounces to almost 1.8 million ounces of gold due to very successful exploration activities during 2008. La Mancha intends to further grow its resources to 4.0 million ounces by the end of 2011.

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