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Canadian Zinc initiates Definitive Feasibility Study for Prairie Creek Mine
Ausenco Engineering to undertake project development planning services
CZN-TSX
CZICF-OTCQB
VANCOUVER, Jan. 24, 2017 /CNW/ - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) ("the Company" or "Canadian Zinc") is pleased to announce that it has engaged AMC Mining Consultants (Canada) Ltd. ("AMC") and Ausenco Engineering Canada Inc. ("Ausenco") to complete a Definitive Feasibility Study ("DFS") to support the project debt financing of the Prairie Creek Zn-Pb-Ag Mine in the Northwest Territories, Canada.
Discussions to date with financial institutions have confirmed that the opportunity of raising project debt financing for the Prairie Creek Mine would be enhanced by completing a definitive or bankable feasibility study which would address all the contingences in the required detail and help to manage or reduce the various risk factors.
In addition, the Prairie Creek Prefeasibility Study ("PFS"), completed in 2016 by AMC and Tetra Tech Inc., recommended certain aspects for further detailed study and identified a number of opportunities for optimizing and potentially enhancing the project economics, including a front-end engineering and design phase that would complete engineering to the stage where the design can be used to obtain fixed pricing from construction contractors.
The Company expects that the Definitive Feasibility Study will be completed by mid-2017.
Project Development Planning
Canadian Zinc has also engaged Ausenco to undertake project development planning services for the Prairie Creek Mine and deliver a robust optimized project development plan that can be used to advance the project to production and, at the same time, provide a critical link to the project financing plan by providing potential providers of debt or equity with a clear path to profitable production.
Ausenco will complete required engineering utilizing a cost-effective project design methodology to support the development of a high level execution plan which will be focused on making the best possible use of existing infrastructure and construction materials on site so as to provide a lower cost or faster time-frame to production for the project.
Ausenco has been selected as this company, with complete engineering services based in the Vancouver area, has the relevant experience and expertise, including northern design and project execution at brownfield sites, to prepare a Project Execution Plan that will define the approach to constructing the Prairie Creek project. This will include the development of a contracting and procurement strategy for further stages of work, which will align with the project execution schedule and will serve to support the capital cost estimate and make provision for the identified execution risks and opportunities. The plan will be developed with the objective of converting it to an Engineering Procurement and Construction Management ("EPCM") contract at the appropriate time.
About AMC
AMC is an industry leader in mine engineering services and support for large-scale development projects and operating mines and has extensive knowledge of the underground aspects of the Prairie Creek Mine, having prepared various Mineral Resource and Reserve estimates, developed the proposed mine plan and participated in the 2012 PFS and 2016 PFS Update. Since the delivery of the 2016 PFS AMC has undertaken a gap analysis to identify any project aspects that require further detail to be considered at the definitive feasibility level.
About Ausenco
Ausenco is a diversified engineering, construction and project management company providing services to the global resource and energy sectors. Ausenco's experience in base metal and northern projects ranges from conceptual studies for new project developments to brownfield expansions with EPCM or EPC delivery.
Ausenco has recently provided EPCM services for the expansion and modernization of a copper-molybdenum mine in northern BC while working with the constraints of a cold weather brownfield site and provided detailed design and site construction supervision of ice roads and airstrip at a diamond mine in the NWT.
Ausenco has also delivered a number of projects under Lump Sum Turnkey contracts which provide cost, schedule and performance certainty often required by financiers and investors. Ausenco is currently completing the process plant and other support infrastructure for a gold project in Nova Scotia under a Lump Sum Turnkey contract.
About the Prairie Creek Mine
The Prairie Creek Project was the subject of a Preliminary Feasibility Study and Technical Report completed by AMC Mining Consultants (Canada) Ltd., and Tetra Tech Inc. with input from Canadian Zinc personnel and consultants. The PFS was completed in March 2016 and the Amended Technical Report (the "Technical Report") was filed under the Company's profile on www.sedar.com in September 2016.
The Prairie Creek Mine hosts proven and probable Mineral Reserves of 7.60 million tonnes averaging 8.93% zinc, 8.33% lead, and 127.58 g/t silver within Measured and Indicated Mineral Resources of 8.70 million tonnes grading 9.5% zinc, 8.9% lead and 136 g/t silver. In addition, the Technical Report confirms a large Inferred Mineral Resource of 7.05 million tonnes grading 11.3% zinc, 7.7% lead and 166 g/t silver and additional exploration potential.
Over the 17 year mine-life, Prairie Creek's projected average annual mine production is expected to be approximately 60,000 tonnes of zinc concentrate and 55,000 tonnes of lead concentrate containing approximately 86 million pounds of zinc, 82 million pounds of lead, and 1.7 million ounces of silver.
There remains good potential for additional project optimization, enhanced economics and further extending the life of the Prairie Creek Mine.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek Project, a fully permitted, advanced-staged zinc-lead-silver property, located in the Northwest Territories. Canadian Zinc also owns an extensive land package in central Newfoundland that it is exploring for copper-lead-zinc-silver-gold deposits.
Qualified Person: Alan Taylor, P.Geo., Vice President of Exploration, Chief Operating Officer and Director of the Company, who is a Non-Independent Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), has prepared, supervised the preparation of or reviewed, the parts of this News Release that are of a scientific or technical nature.
Cautionary Statement – Forward-Looking Information
This press release contains certain forward-looking information, including, among other things, the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. registered companies from including in their filings with the SEC.
SOURCE Canadian Zinc Corporation
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/24/c7109.html
Investors certainly have to be happy with Hudbay Minerals Inc. HBM and its short term performance. After all, the stock has jumped by 16.8% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for HBM?
While we can never know for sure, it is pretty encouraging that estimates for HBM have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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MONTREAL, QUEBEC--(Marketwired - Jan 23, 2017) - Osisko Mining Inc. (OSK.TO)("Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec. The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion ("Red Dog"), expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area. Nine drills are currently active directly on the Windfall deposit, with additional drills planned to be added by month end. Including areas outside the main deposit, a total of 12 drills are currently active. New analytical results from five drill holes focussed on expansion and infill drilling in the Caribou and Underdog corridors are reported in this release, with significant assay results presented in the table below.
Significant new results include: 12.7 g/t Au over 5.4 metres in OSK-W-16-749 and 10.3 g/t Au over 3.0 metres in OSK-W-16-743-W2; 11.0 g/t Au over 2.4 metres and 8.13 g/t Au over 2.6 metres in OSK-W-16-743-W1. Maps and sections showing hole locations and full analytical results are available at www.osiskomining.com.
Hole No.
From (m)
To (m)
Interval (m)
Au (g/t) uncut
Zone
Corridor
OSK-W-16-743 W2
748.0
751.0
3.0
10.3
CS1
Caribou
including
749.6
751.0
1.4
21.5
OSK-W-16-749
504.6
510.0
5.4
12.7
CS1
Caribou
including
504.6
505.3
0.7
35.2
OSK-W-16-754
724.4
726.5
2.1
7.15
CS1
Caribou
including
724.9
725.5
0.6
24.6
OSK-W-16-756
672.8
675.4
2.6
3.29
CS1
Caribou
including
673.8
674.6
0.8
9.66
OSK-W-16-743 W1
1000.5
1005.7
5.2
5.77
FW0
Underdog
including
1001.3
1003.7
2.4
11.0
1243.5
1245.6
2.1
6.77
FW2 HW
Underdog
1251.8
1254.4
2.6
8.13
FW2
Underdog
including
1252.1
1252.9
0.8
24.0
1394.0
1396.0
2.0
6.29
FW3
Underdog
including
1394.0
1394.9
0.9
12.9
1108.0
1111.0
3.0
4.94
FW0
Underdog
including
1110.0
1111.0
1.0
11.9
1128.4
1131.0
2.6
3.66
FW0 FW
Underdog
Notes:
- True Widths are estimated at 65 - 80% of the reported core length interval. See "Quality Control" below.
- Definitions: HW = hanging wall; FW = footwall
Hole Number
Azimuth (°)
Dip (°)
Length (m)
UTM E
UTM N
Section
OSK-W-16-743 W1
333.3
-64.1
1489.5
452651
5434237
2525
OSK-W-16-743 W2
333.3
-64.1
1626.7
452651
5434237
2525
OSK-W-16-749
332.0
-57.0
553.0
452486
5434389
2450
OSK-W-16-754
331.0
-59.1
1564.5
452766
5434303
2675
OSK-W-16-756
331.0
-58.0
803.0
452809
5434392
2750
Caribou Corridor
Four of the drill holes intersected the CS1 Zone of the Caribou Corridor, expanding it to 360 metres by 200 metres. The CS1 Zone remains open down plunge.
OSK-W-16-749 returned 12.7 g/t Au over 5.4 metres hosted in a silicified porphyry dyke containing 2% to 35% pyrite stringers and disseminations. This intercept is located 120 metres to the southwest of previously released OSK-W-16-706 which returned 8.65 g/t Au over 3.0 metres.
OSK-W-16-743-W2 intersected 10.3 g/t Au over 3.0 metres in a bleached andesite containing 5% - 20% pyrite stringers and disseminations, expanding the CS1 Zone 120 metres down-dip.
OSK-W-16-754 assayed 7.15 g/t Au over 2.1 metres in the strongly silicified and sericitized contact between a porphyry dike and andesite containing 5-20% pyrite stringers with minor visible gold. This hole expands the CS1 Zone 60 metres down-plunge from previously reported OBM-15-564 which returned 5.59 g/t Au over 7.4 metres. The hole also intersected 4.94 g/t Au over 3.0 metres in the FW0 Zone and 3.66 g/t Au over 2.6 metres in the FW0 Footwall Zone, both of which contain mineralization similar in style to that above the Red Dog.
OSK-W-16-756 intersected 3.29g/t Au over 2.6 meters and extended the CS1 Zone 60 metres northeast of previously reported OBM-15-564 (5.59 g/t Au over 7.4 meters) and 95 metres above previously reported OSK-W-16-754 (7.15 g/t Au over 2.1 metres). Mineralization comprises 15% pyrite stringers at the contact between a porphyry dike and strongly sericitized andesite.
Underdog Corridor
OSK-W-16-743-W1 targeted several parallel zones of the Underdog Corridor and intersected 5.77 g/t Au over 5.2 meters, extending the FW0 Zone by 100 metres southwest of previously reported OBM-15-560 (12.5 g/t Au over 2.0 meters). Mineralization consists of 10% to 30% pyrite stringers in a strongly silicified fragmental porphyry dike. The FW0 Zone has been intersected by eight drill holes to date and now defines an area 210 metres by 290 metres.
The hole also intersected the FW2 Zone assaying 8.13 g/t Au over 2.6 metres and extends the zone by 130 metres west of previously reported OSK-W-16-743 (47.0 g/t Au over 2.6 metres; 303.1 g/t Au over 2.6 metres uncut). Gold mineralization is hosted in a silicified porphyry dike containing semi-massive pyrite. The FW2 hanging wall returned 6.77 g/t Au over 2.1 metres in a silicified porphyry dike containing 2-5% pyrite and the FW3 Zone returned 6.29 g/t Au over 2.0 metres at the contact between felsic volcanics with 2-3% pyrite stringers and disseminations.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Jean-Philippe Desrochers, Ph.D., P.Geo. Senior Project Manager of the Windfall Lake gold project, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
Quality Control and Reporting Protocols
True widths of the new exploration intercepts below Red Dog reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. True widths of intercepts in the zones above the Red Dog are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 3 g/t Au. All NQ core assays reported were obtained by either 1 kilogram whole rock metallic screen/fire assay or standard 50 gram fire-assaying with AA or gravimetric finish at ALS Laboratories in Val d'Or, Québec or Sudbury, Ontario. The 1 kilogram metallic screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS laboratories. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES /
CZN-TSX
CZICF-OTCQB
VANCOUVER , Dec. 14, 2016 /CNW/ - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) ("the Company" or "Canadian Zinc") is pleased to announce that it has closed the previous announced non-brokered private placement of flow-through shares.
The Company issued 6,666,664 common shares, which qualify as flow-through shares (the "FT Shares") of the Company for purposes of the Income Tax Act ( Canada ) at a price of C$0.30 per FT Share, raising aggregate gross proceeds of C$2,000,000 (the "Placement").
The net proceeds of the Placement will be used to incur eligible Canadian Exploration Expenses and flow-through mining expenditures, as defined under the Income Tax Act ( Canada ), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2016 .
The funds are intended to be used to explore the Company's properties, which include the Prairie Creek project in the Northwest Territories as well as the Long Lake, Tulks South and South Tally Pond projects in central Newfoundland .
The Company has agreed to pay a finder's fee equal to 6% of the gross proceeds raised in the Placement from purchasers of the FT Shares introduced to the Company by Secutor Capital Management Corp., Canaccord Genuity Corp., and Paradigm Capital Inc.
The FT Shares will be subject to resale restrictions for a period of four months and one day from the closing date of the Placement under applicable securities legislation. Following completion of the Placement, Canadian Zinc has 266,111,543 common shares issued and outstanding.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek Project, a fully permitted, advanced-staged zinc-lead-silver property, located in the Northwest Territories . Canadian Zinc also owns an extensive land package in central Newfoundland that it is exploring for copper-lead-zinc-silver-gold deposits.
Cautionary Statement – Forward-Looking Information
This press release contains certain forward-looking information, including, among other things, the expected completion of acquisitions and the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. registered companies from including in their filings with the SEC.
SOURCE Canadian Zinc Corporation
The leading Canadian oil sands producer took full advantage of the downturn in oil prices.
Image source: Suncor Energy Inc.
This past year has been a busy one for Suncor Energy (NYSE:SU). The Canadian oil giant unveiled a series of strategic moves to reshuffle its portfolio as well as strengthen its balance sheet. That said, the biggest win was the company's ability to close the acquisition of Canadian Oil Sands.
Persistence paid off
Suncor Energy initially approached Canadian Oil Sands with a merger proposal in 2015 but was rebuffed in its attempts to agree on a friendly deal. Because of that, the company formally commenced an unsolicited offer to acquire the company for 6.6 billion Canadian dollars in October. The company stuck with its approach and finally won the support of Canadian Oil Sands' board and largest shareholders in February 2016, thanks in part to a 37% slide in crude prices since launching its initial offer. While Suncor had to adjust the terms of the deal slightly by providing more of its shares, it ended up acquiring Canadian Oil Sands for the same CA$6.6 billion all-in price tag.
The reason Suncor Energy fought so hard to acquire Canadian Oil Sands is that it wanted the company's 36.74% stake in Syncrude, which is one of the largest and oldest oil sands production complexes in Canada. Not only would that increased stake boost Suncor's production, but it would give the company a bigger seat at the table to potentially bring about needed changes at the facility, which has underperformed in recent years. That is why the company would go on to acquire Murphy Oil's (NYSE:MUR) 5% stake in the asset for CA$937 million, which brought its total interest in Syncrude up to 53.74%.
Image source: Suncor Energy Inc.
Making Syncrude great again
By taking a majority stake in the facility, Suncor Energy was able to work closer with 25% stakeholder Imperial Oil (NYSEMKT:IMO), which had been the operator of the facility under a 10-year management service agreement. The aim was to improve the reliability of the plant as well as to cut costs. Not only had operating expenses risen sharply in recent years, going from around $38 per barrel a few years ago to a peak of $46.75 in 2014, but utilization slipped from the low 80% range earlier this decade to just 70% last year.
However, by working with Imperial Oil to identify production constraints and move quickly to fix these problems, Syncrude delivered its best quarterly results in nearly a decade during the third quarter. Not only did cash costs fall to $27.65 per barrel but utilization spiked to 98%. That said, Suncor Energy still sees plenty of potential for future improvements, including possibly integrating Syncrude with Suncor's adjacent Base Mine to further trim costs and improve reliability. Among the options they are considering are jointly operating mining trucks and storage facilities, which would not only improve Syncrude's costs but also those at Suncor's Base Mine and therefore further push down the company's overall production costs.
Investor takeaway
Suncor Energy saw an opportunity amid the oil market downturn to boost its stake in an underperforming oil sands asset. The company had to push hard to get a deal done, but in the end, it won out. It then got right to work to bring changes to the facility, which not only produced immediate results but the company was able to deliver that asset's best performance in almost 10 years. Even better, Suncor sees more upside potential in the years ahead as it continues to integrate and optimize Syncrude, which could lead to tremendous cash flow generation in a rising oil price environment.
Americas Silver Corporation Provides Update on San Rafael Project and New York Stock Exchange Listing
TORONTO, ONTARIO--(Marketwired - Dec 7, 2016) - Americas Silver Corporation (USA.TO)(USAPF) ("Americas Silver" or the "Company") is pleased to provide an update on its 100% owned, San Rafael zinc-lead-silver project (the "Project") within the Cosalá district of Sinaloa, Mexico and its New York "NYSE MKT" Stock Exchange (the "NYSE MKT" or the "Exchange") listing. All figures are in U.S. dollars unless otherwise indicated.
San Rafael Update
Since the Board approval announced in September 2016, the Project continues to advance toward commercial production targeted in Q3 2017. Primary ramp development is advancing on schedule with approximately 25% completed and the Project received delivery of its new mobile equipment, including a new scoop and bolter. Progress is also being made in the refurbishment of other equipment transferred from the Nuestra Señora mining operations. The electrical substation has been energized and water storage facilities have been constructed. Please see the Company's website at www.americassilvercorp.com for photos updating the Project's status.
The Company also continues to make progress on reducing the initial capital required to advance the Project to commercial production. The prefeasibility study released in April 2016 (the "Prefeasibility Study") estimated capital at approximately $22 million, excluding working capital requirements. The Company has been able to reduce that capital requirement to approximately $18 million through improvements in mine design, lower Mexican Peso-USD exchange rates (from 16:1 to 18.5:1), and refurbishing existing equipment from Nuestra Señora, as previously noted. The Prefeasibility Study assumed that mine equipment from existing operations would not be used at San Rafael. Where practical and possible, the Company is transferring equipment such as scoops, jumbos, compressors and generators, among other existing assets. Additionally, an ongoing review of development plans, including relocation of the underground shop, has yielded quantifiable benefits early in the Project development. The Project pre-tax IRR increases to over 100% after adjusting the Prefeasibility Study for the lower capital requirements and current commodity prices (i.e. the MXP:USD rate of 18.5:1, a silver price of $16.60 per ounce, a lead price of $1.05 per lb. and a zinc price of $1.25 per lb.).
Furthermore, management has commenced activities at the previously operating El Cajón mine to bring the mine back into limited operation in early 2017 as the Nuestra Senora mine begins its planned closure. The targeted 230,000 tonne of mineralized material requires minimal capital development and benefits from the cost reductions implemented last year under the Company's new management team. Dewatering of the existing mine workings has reached the targeted elevation and development material is being stockpiled for future processing. The location of the targeted material is not affected by the ongoing boundary issue. Approximately 35 meters of the planned 110m top cut are complete and work on the bottom cut will commence in the coming weeks.
Potential U.S. Exchange Listing
Since early in the second quarter of 2016, Americas Silver has been studying the benefits of a listing on the NYSE MKT. A number of the Company's silver-producing peers are either dual-listed on U.S. and Canadian stock exchanges, or solely-listed in the U.S. Such companies are shown to have a greater average daily trading volume, a greater number of U.S. retail investors, a significantly deeper pool of capital, and on average higher valuations, which collectively results in higher trading multiples and share prices when compared to their peers listed solely on a Canadian stock exchange.
The Company began the initial listing process on the NYSE MKT to target the higher valuation exhibited in dual-listed companies. The Exchange requires the Company to undertake a share consolidation (or "reverse stock split") in order to enable the Company to satisfy the NYSE MKT minimum listing requirement of USD$2.00 per share, among other requirements. The management information circular with the specific particulars of the consolidation was mailed to shareholders in advance of the scheduled shareholder meeting on December 19, 2016 to allow existing shareholders to vote on this measure. Additionally, both Glass Lewis and Institutional Shareholder Services (ISS), leading independent proxy advisory firms which provide voting recommendations to institutional investors, have recommended that shareholders of Americas Silver vote in favor of the consolidation resolution. Further updates will follow in due course as more information is available.
Americas Silver to present at Scotiabank Conference
Scotiabank is hosting a precious metals conference in Toronto on December 7, 2016 at the Ritz Carlton. President & CEO, Darren Blasutti will be presenting at the conference and available to meet with investors in one-on-one meetings.
About Americas Silver
Americas Silver Corporation is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. Americas owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward‐looking information" within the meaning of applicable securities laws. Forward‐looking information includes, but is not limited to, the Company's expectations intentions, plans, assumptions and beliefs with respect to, among other things, the Prefeasibility Study, estimates of mineral reserves and resources, realization of mineral reserve estimates, the Cosalá Operations (including the Project) and Galena Complex as well as the Company's financing efforts and listing on a U.S. Exchange. Often, but not always, forward‐looking information can be identified by forward‐looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward‐looking information is based on the opinions and estimates of the Company as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking information. This includes the ability to develop and operate the Cosalá and Galena properties (including the Project), risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks (including ground conditions), government regulation, actual results of current exploration activities, possible variations in ore grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. By its nature, forward‐looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific that contribute to the possibility that the predictions, forecasts, and projections of various future events will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward‐looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.