Aureus Mining Inc. provided operational update for the New Liberty Gold Mine in Liberia. Mining operations at New Liberty are progressing, with fresh ore run of mine (ROM) stockpiles currently standing at 83,509 tonnes at a grade of 2.78 g/t and oxide and transitional stockpiles of 75,248 tonnes at a grade of 1.35 g/t. To date, the New Liberty process plant has processed 386,262 tonnes of ROM fresh sulphide ore and lower grade oxide material resulting in 19 shipments of gold doré from New Liberty for smelting and refining at the MKS PAMP refinery in Switzerland, totaling 20,835 ounces of gold. The average achieved price for gold sold is $1,113 per ounce.

Gold production achieved for the calendar year 2015 was 17,172 ounces, against a target of 27,000 ounces, and 3,663 ounces of gold have been produced to date in 2016, with production since mid-December hampered by issues experienced during the final phases of plant commissioning. Performance from the gravity circuit of the plant has not yet reached design specifications, resulting in overall gold recoveries of approximately 70% throughout December 2015 and early January 2016. The company has implemented various initiatives to address these issues - there has recently been a subsequent improvement in the performance of the CIL circuit, with further improvements expected over the coming weeks.