Listed on the AIM of the London Stock Exchange and with executive leadership headquartered in Singapore, Archipelago is a dynamic and growing mid-cap gold producer. Our key asset is the Toka Tindung Gold Mine, located in North Sulawesi, Indonesia, which currently has a nine-year mine life (plus seven years of stockpile). We are also pursuing exploration initiatives in Vietnam and the Philippines.

Recent highlights in Archipelago's continuing growth story include:
•successful commissioning of the Toka Tindung Gold Mine, with the first gold pour having occurred on 1 April 2011;
•successful completion of construction and ramp up, with nameplate production being achieved in November 2011;
•production for 2011 of 61,191 Au Eq oz at a cash cost of US$579 per oz; and
•publication of a revised JORC compliant resource and reserve statement, supporting an increase in the life of mine to nine years, with seven years of subsequent stockpiles.

We are continuing to increase our profile, operational scale and output, with a view to supporting growth initiatives by leveraging off our production base and relative low per ounce cost status. Our transition from explorer to producer is compelling in the South East Asian context, especially given the range of social licence and geo-political issues that we have successfully navigated to achieve this.

Our principal activities are gold mining and exploration in Indonesia as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi. Following the successful commissioning of Toka Tindung, Archipelago has created a significant value proposition for investors: a quality, low cost South East Asian gold producer with excellent growth potential. We now have optionality to grow through resource expansion, ongoing exploration and leverage to consolidation opportunities.

Key Asset summary

The Toka Tindung Gold Mine is located about 34km north-east of Manado, the provincial capital of North Sulawesi. Toka Tindung comprises a system of epithermal veins containing a resource of 3.10 million gold equivalent ounces. In 2012, Archipelago expects to produce between 135,000 and 145,000 gold equivalent ounces at a cash cost of between US$580 and US$640 per ounce.

Title to the Toka Tindung Gold Mine is via two Contracts of Work arrangements and exploration permits covering 400km² of well mineralised - and only partially explored - ground in addition to the defined resource.

Other Projects

We are also advancing exploration initiatives in Vietnam and the Philippines.

Archipelago maintains an exploration team in Hanoi, Vietnam, which is responsible for pursuing and reviewing opportunities in Vietnam and across Indo-China. Team members have strong and effective relationships with Government and business leaders across the region.

Archipelago has the right to acquire not less than an 80% interest in a number of exploration projects (currently held by Corplex Resources, Inc.) located in the Phillipines, including in the gold-copper rich Surigao peninsula of North East Mindanao, host to the high-grade Boyongan copper-gold porphyry.

Corporate

Archipelago is the only significant gold producer with a head office in Singapore. We take an active role in building our profile, and that of the mining sector, in the high growth South East Asian region.


http://www.archipelagoresources.co.uk/

A midas share tip April 27 2013, although sp pulled back since then.



MIDAS SHARES TIPS: Gold miner set to shine despite the panic over prices

By Joanne Hart

PUBLISHED: 23:09, 27 April 2013 | UPDATED: 23:09, 27 April 2013

The sharp fall in the gold price has spooked investors. Shares in mining groups have tumbled and questions have been raised about whether gold firms are past their sell-by date.


Archipelago Resources has not been immune to these concerns. It produces gold in Indonesia and its stock has fallen 19 per cent in the past month from 60p to 481⁄2p. But at this level, the shares are cheap.


Unlike most gold companies trading on AIM, Archipelago is already in production. It is one of the lowest-cost producers on the London market and it is about to start paying a dividend.



Archipelago joined AIM in 2003 just after securing the rights to a large mine, Toka Tindung, on the Indonesian island of Sulawesi. Early days were tricky as the firm struggled to get mining permits, but Rajawali Corporation took a major stake in 2009 and the company’s fortunes changed.


Rajawali is an Indonesian conglomerate run by one of the country’s richest men, Peter Sondakh. Not surprisingly, he and his colleagues are well connected, and following their investment, doors opened and the firm won permission to start mining.



Production began in April 2011. Four months later a new chief executive, Marcus Engelbrecht, was appointed and the company has been making good progress ever since.


Engelbrecht, an Australian, has a wealth of experience, including more than 20 years at mining giant BHP Billiton. The rest of the management are old mining hands too and are respected among City brokers, not least because they have so far delivered exactly what they said they would.


In January 2012, for example, Engelbrecht said production for the year would be between 135,000 and 145,000 ounces of gold. Ultimately, the firm produced 139,000 ounces. This year, production is forecast at between 140,000 and 155,000 ounces.


The group is still assessing the potential of Toka Tindung and signs are encouraging. An upbeat resource update was released on Friday and Engelbrecht hopes to be producing 200,000 ounces a year by 2015.


The firm is fortunate, too, because all-in costs, including production, capital expenditure, exploration and administration, are about $900 (£588) per ounce, while the average for London-listed groups is about $1,300.


This means the firm is less vulnerable to short-term gold price swings and has enough cash to pay a dividend. Last month, it unveiled a maiden payout of 1.25p a share for 2012 plus a 1p special dividend. A progressive dividend policy is expected from now on.


Midas verdict: The gold price has bounced from a closing low of $1,380 on April 16 to $1,471.5 today. While pundits debate its prospects, Archipelago reports robust demand for its gold and is confident about the future. Even if the gold price slips, this firm’s low costs provide a comfortable cushion. If it rises, Archipelago’s shares should rise too. Investors will also benefit from growing production. Buy

A buy in IC today - Archipelago glistens.

Falling costs and a 20% hike in production from its Toka Tindung mine enabled Indonesian gold miner Archipelago Resources (AR.) to report credible earnings growth, despite the precipitous fall in spot prices. With production weighted towards the second half , Archipelago turned in 72,636 ounces of gold equivalent during the first half, with 41,061 ounces attributable to the second quarter. As a result Archipelago is well on track to meet full-year guidance of 140,000-155,000 oz. The company should also report at the lower end of its $620-$680 an oz (£406-£442 an oz) cash cost projections after reporting cash costs of $618 an oz (net of silver credits and royalties). This compares favourably with cash costs of $753 an oz in the first half of 2012. The improvement was largely due to a steady fall in the strip ratio (the amount of waste material removed) at Toka Tindung, together with a rise in the head grade for gold from 2.29 grams to 2.69 grams per tonne.
Archipelago was able to introduce an interim dividend on the back of a 44% rise in operating cash flow to $40.7m, despite a comparative fall in the average

Tokia Tindung operations

Proactive weekly mining news summary including Archipelago Resources, Atlantic Coal and Arian Silver
By Proactive Investors
July 27 2013, 8:30am
Proactive weekly mining news summary including Archipelago Resources, Atlantic Coal and Arian Silver


Investors in Indonesia-based gold miner Archipelago Resources (LON:AR.) welcomed the firm's half year numbers this week, which showed it shrugging off the weak gold price as output from its Toka Tindung mine rose while costs fell.

Revenues rose by 14% in the six months to June despite a drop in the average price of gold over the period to US$1,492 an ounce (oz) from US$1,661.

Archipelago offset that with higher production from Toka Tindung, where output rose by 20% to 72,636 ounces gold equivalent (gold plus silver), and sharply reduced costs.

Cash costs fell 18% to US$618 per ounce as the strip ratio fell while the head grade for gold produced rose to 2.69 grams per tonne from 2.29.

Revenues for the half year rose to US$110.9mln (previous year: US$96.9mln), with earnings 12% higher at US$19.1mln.

Cash flow also jumped to US$40.7mln, with gross cash and equivalents now around US$108mln.

The numbers mean investors will be rewarded by a further interim dividend of 0.5p a share to be paid on September 27 this year.

Production Update & Unaudited Interim Results
RNS
RNS Number : 9876J
Archipelago Resources PLC
24 July 2013


HIGHLIGHTS



· Production of 72,636 Au Eq oz for H1 2013 and 41,061 Au Eq oz for Q2 2013; being increases of 20% and 46% respectively compared to H1 2012 and Q2 2012.



· Net of silver credits and royalties, H1 2013 cash costs of $618 per Au oz; being a decrease of 18% compared to H1 2012.



· 2013 guidance maintained at 140,000 to 155,000 Au Eq oz at a cash cost of between $620 and $680 (net of silver credits and royalties).



· Revenues from operations of $110.9 million, up 14% compared to H1 2012 (notwithstanding a falling gold price environment).



· Operating profit of $36.8 million and profit after tax of $19.1 million.



· Strong cash generation and balance sheet maintained, with H1 2013 operating cash flows of $40.7 million and cash and cash equivalents of $108.1 million as at 30 June 2013 supported by greater flexibility provided by a new finance facility.



· Declaration of a H1 2013 interim dividend of 0.5p per share in line with the Company's dividend policy announced in March 2013.



· Safety standards upheld with no lost time injuries in H1 2013.



· As announced in April 2013, the total mineral resource for the Toka Tindung Mine increased to 3.1M Au Eq oz from 2.69M Au Eq oz.









http://www.moneyam.com/action/news/showArticle?id=4637306

24 Jul Canaccord... 68.00 Buy

Decent growth prospects here

Special dividend to be paid31/07/2013
More dividend to be paid 11/09/2013

Link

Tempted to buy myself but the chart looks iffy

No advice intended

On the move, even with a large seller today still up 5%.

27 Aug Canaccord... 54.00 Buy

In IC this week - Syria strife boosts commodities.

Looming western military intervention in Syria has pushed crude oil prices sharply, while gold has started behaving like a safe haven again. Nimble traders should take advantage of rising commodity prices and look for short-term trading opportunities.
One of the recommendations being Archipelago Resources (AR.)

Moving up steady.

Unconditional Recommended Cash Offer

RNS


RNS Number : 0805P

Archipelago Resources PLC

27 September 2013




Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into, and will not be capable of acceptance from or within, any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdictions

For Immediate Release

27 September 2013

AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")



Unconditional Recommended Cash Offer

by

PT Rajawali Corpora

to acquire the entire issued and to be issued share capital of

Archipelago Resources plc

not already owned by PT Rajawali Corpora or its associated undertakings

The Independent Directors of Archipelago and the board of PT Rajawali Corpora ("Rajawali") are pleased to announce that they have reached agreement on the terms of an unconditional recommended cash offer to be made by Rajawali for the entire issued and to be issued share capital of Archipelago not already owned or agreed to be acquired by Rajawali or its associated undertakings. The Offer Document setting out further information regarding the Offer and the terms thereof is being sent to Archipelago Shareholders today, together with a Form of Acceptance.

The Offer is not subject to any conditions and therefore is unconditional.

Appendix 3 contains definitions of certain terms used in this Announcement.

A copy of the Offer Document will be available later today, subject to certain restrictions related to persons resident in Restricted Jurisdictions, on Archipelago's website at www.archipelagoresources.co.uk during the course of the Offer Period.

Summary of the Offer

· The Offer Price is 58 pence in cash for each Archipelago Share, valuing Archipelago's existing issued share capital at approximately £338 million.

· The Offer Price represents a premium of approximately:

o 18.4 per cent. over the Closing Price of 49 pence per Archipelago Share on 26 September 2013, being the last Business Day prior to the date of this Announcement;

o 22.2 per cent. over the one month volume weighted average price on 26 September 2013, being the last Business Day prior to the date of this Announcement;

o 28.8 per cent. over the two month volume weighted average price on 26 September 2013, being the last Business Day prior to the date of this Announcement; and

o 35.6 per cent. over the three month volume weighted average price on 26 September 2013, being the last Business Day prior to the date of this Announcement.

· The cash consideration payable to Archipelago Shareholders under the terms of the Offer will be paid for by its nominee Will Overseas which will be funded by a facility entered into between, inter alios, an international lending bank, Rajawali and Will Overseas on 25 September 2013.





· Rajawali has:

(i) entered into a share purchase agreement pursuant to which it has unconditionally contracted to acquire 2,033,015 Archipelago Shares at the Offer Price, representing approximately 0.35 per cent. of Archipelago's existing issued share capital;

(ii) received irrevocable undertakings to accept, or procure acceptance of, the Offer in respect of a total of 89,420,867 Archipelago Shares, representing approximately 15.37 per cent. of Archipelago's existing issued share capital; and

(iii) received irrevocable undertakings to accept, or procure acceptance of, the Offer in respect of options relating to a total of 950,000 Archipelago Shares, representing approximately 0.16 per cent. of the Enlarged Issued Share Capital.

· The Archipelago Shares, which are the subject of the undertakings and agreements set out in (i) to (iii) above, and the Put Option Agreements referred to below, when aggregated with those Archipelago Shares already held by Rajawali directly or indirectly or which Rajawali has unconditionally contracted to acquire represent, in aggregate, 77.84 per cent. of voting rights of the Enlarged Issued Share Capital.

· Such irrevocable undertakings as referred to above represent 15.50 per cent. of the Enlarged Issued Share Capital, which together with Archipelago Shares which Rajawali holds directly or indirectly or has otherwise unconditionally contracted to acquire represent 68.36 per cent. of the Enlarged Issued Share Capital.

· Rajawali has further entered into Put Option Agreements with certain Archipelago Shareholders who have decided to retain their holdings in the Company and agreed not to accept the Offer and instead have been granted an option, subject to certain conditions, to transfer Archipelago Shares to Rajawali at a later date in exchange for cash and/or shares in an Indonesian company which will hold the assets of the Archipelago Group pursuant to the proposed Restructuring and may be listed on the Indonesia Stock Exchange.

· Under the terms of the Put Option Agreements, such Archipelago Shareholders, who hold 10.04 per cent. of the voting rights in the existing issued share capital of the Company, have appointed Rajawali as their proxy to vote in respect of a resolution to be proposed by the Company, at the request of Rajawali, to cancel its admission to trading on AIM.

· Rajawali intends to exercise the voting rights that it already holds or has obtained pursuant to the agreements and undertakings referred to above, representing 77.84 per cent. of the total voting rights in the Enlarged Issued Share Capital.

· Together with the Archipelago Shares already held, directly or indirectly by Rajawali as at the date of this Announcement and the Archipelago Shares it has unconditionally contracted to acquire and that it will acquire pursuant to the irrevocable undertakings set out above, Rajawali has the right to exercise voting rights in respect of 77.84 per cent. of the total voting rights in the Enlarged Issue Share Capital which Rajawali intends to vote in favour of the above mentioned resolution.

· Within five Business Days of the date of the Offer Document, Archipelago intends, at the request of Rajawali, to notify the London Stock Exchange of its intention to cancel the admission of Archipelago Shares to trading on AIM. It is also intended that a circular convening a general meeting to consider such resolution will be sent to Archipelago Shareholders within the next 5 Business Days.

· The Independent Directors of Archipelago, who have been so advised by Liberum Capital, consider the Offer Price to be fair and reasonable and are recommending Archipelago Shareholders, other than those who have separately entered into Put Option Agreements in respect of all or a specific portion of their holdings, to accept the Offer.

Archipelago Shareholders who choose not to accept the Offer should be aware that: they will become shareholders of an unlisted company which will significantly reduce the marketability and liquidity of the Archipelago Shares; they will lose the associated protections afforded by the AIM Rules; there will be no definitive options for exit; and that there is no certainty as to the economic effect of the proposed restructuring of the Group, which includes the transfer of the Group's assets.

· The Company is not currently subject to the City Code. However, following certain rule changes it will become subject to the City Code as from 30 September 2013. Shareholders should note that given that the Offer has been made on 27 September 2013, and is unconditional from the outset, the Offer is not governed by, nor do all the terms comply with, the City Code and, following consultation with the Takeover Panel, the City Code will not apply to the portion of the Offer Period that extends beyond 29 September 2013. Accordingly, Archipelago Shareholders will therefore not be afforded the protections of the City Code in respect of the Offer.

Commenting on the Offer, Colin Sutherland, CEO of Archipelago, said:

"Archipelago has provided shareholders with strong growth over the last four years. The Offer is priced at a level that represents an opportunity for minority shareholders to realise their investment at an attractive cash premium to the prevailing market price, in view of the strategic move by Rajawali to restructure Archipelago into an Indonesian listed entity."



Stephen Sulistyo, Managing Director - Business Development & Investment, of Rajawali, said:

"We believe that the cash offer price fairly reflects the Company's true value and should be satisfactory to all the shareholders of Archipelago. We would like to thank the Independent Committee of Archipelago for its professionalism and commitment to overseeing the protection of minority shareholders and for working with the Rajawali team to ensure a good and fair outcome for all stakeholders."





CONFERENCE CALL



A conference call will be held for analysts and investors at 8:30am (London time) today.



Access can be obtained via the following details:



UK free call: 08082370040

International dial in: +44 203 4281 542

Participant code: 85034580#





Archipelago is being advised by Liberum Capital Limited in relation to the Offer.

Rajawali is being advised by J.P. Morgan Limited in relation to the Offer.

This Announcement should be read in its entirety, including the appendices. The Offer will be subject to the terms set out in Appendix 1 and those which will be set out in the Offer Document and Form of Acceptance, which Rajawali shall despatch to Archipelago Shareholders later today. Appendix 2 of this Announcement contains the sources and bases of certain information used in this summary and in the following announcement. Appendix 3 of this Announcement contains definitions of certain terms used in this summary and the following announcement.

Enquiries:

Archipelago Resources (LON:AR.) gave hope to AIM’s gold companies on Friday as it agreed to a takeover by Indonesia’s PT Rajawali Corporation, which already owns 53% of the company.

The 58 pence-a-share bid values Archipelago, which produces gold in the South East Asian country, at £338mln.

The unconditional offer is an 18% premium to yesterday’s closing market price of 49 pence, which sparked life into the shares on Friday, rising 17% to 57.5 pence each.

Junior gold companies have felt the heat of falling commodities prices, putting the livelihoods of many under threat. But Archipelago has proved that investors can still find value in the embattled sector.

Chief executive Colin Sutherland said: “Archipelago has provided shareholders with strong growth over the last four years.

“The offer is priced at a level that represents an opportunity for minority shareholders to realise their investment at an attractive cash premium to the prevailing market price, in view of the strategic move by Rajawali to restructure Archipelago into an Indonesian listed entity.”