Dear Investor,
Please find attached the Alhambra Resources Ltd.
(ALH - TSX Venture) news
release which was distributed earlier today titled, "Alhambra Announces
Financial and Operating Results for First Quarter ending March 31, 2013".
CALGARY, Alberta - Alhambra Resources Ltd.
(TSX-V: ALH) ("Alhambra" or the
"Corporation"), an international gold explorer and producer, announces its
financial and operating results for the quarter ended March 31, 2013.
All
amounts related to the financial results are expressed in thousands of
United States dollars unless otherwise indicated.
HIGHLIGHTS FOR THE QUARTER:
.
Revenue from gold sales amounted to $1.6 million based on the sale
of 339 ounces ("ozs") at an average price of $1,599/oz
.
Cash operating costs were $1,136 per oz of gold sold
.
Kazakhstan mining operations recorded a net loss of $0.1 million
($0.00/share)
.
The Corporation recorded net cash used in operating activities of
$1.0 million ($0.01/share) and a net loss of $0.6 million ($0.01/share)
.
The suspension of mining operations continued in the quarter; no
fresh ore was stacked on the heaps
.
Gold sales were realized from the drawdown of recoverable gold
inventory from work in progress ("WIP")
.
The estimated recoverable gold in WIP as of March 31, 2013 was
37,418 ozs
.
No field work was carried out in the quarter due to financial
constraints
.
Continued pursuing various financing alternatives
.
Assay results on 2,593 drill samples were pending
.
6,755 drill and soil samples were prepared for export for analysis
For more details, please read the attached.
Best regards,
Ihor P.
Wasylkiw
VP & Chief Information Officer
Alhambra Resources Ltd.
(bus): 1-403-508-4953
www.alhambraresources.com