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BRIEF-Prophecy Development's Mongolian Ulaan Ovoo Mine Achieved Monthly Coal Production Of 37,800 Tonnes In June

Published 2019-07-08, 04:49 p/m
Updated 2019-07-08, 04:50 p/m
© Reuters.  BRIEF-Prophecy Development's Mongolian Ulaan Ovoo Mine Achieved Monthly Coal Production Of 37,800 Tonnes In June

July 8 (Reuters) - Prophecy Development Corp PCY.TO :

* PROPHECY DEVELOPMENT CORP - CO'S MONGOLIAN ULAAN OVOO MINE ACHIEVED MONTHLY COAL PRODUCTION OF 37,800 TONNES IN JUNE THIS YEAR - SEC FILING

* PROPHECY DEVELOPMENT CORP - SUCCESSFULLY CONVERTED ITS CHANDGANA KHAVTGAI COAL EXPLORATION LICENSE TO MINING LICENSE IN CENTRAL MONGOLIA

* PROPHECY DEVELOPMENT CORP - ANTICIPATE STRONG 2019 SALES WITH SHIPMENTS TO MONGOLIA, RUSSIA, AND POTENTIALLY CHINA BY RAIL

* PROPHECY DEVELOPMENT - BARRING ANY UNFORESEEN CIRCUMSTANCE, SEES MONGOLIA OPERATION TO BECOME NET CASHFLOW POSITIVE FOR REST OF 2019

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