TORONTO, January 12, 2017 /PRNewswire/ --
AuRico Metals Inc. (TSX: AMI), ("AuRico" or the
"Company") is pleased to provide an update on the ongoing
Environmental Assessment process for the Company's wholly owned
Kemess Underground Project in British
Columbia (BC). On January 11,
the draft Assessment Report and conditions were made available on
the website of the BC Environmental Assessment Office (EAO) and the
final 30-day public comment period commenced. The draft Assessment
Report concludes that the Kemess Underground Project would not
result in significant adverse effects.
Following completion of the public comment period, comments will
be addressed and the finalized Assessment Report will be sent for
ministerial decision. The BC EAO is managing the Environmental
Assessment in a Substituted Process on behalf of British
Columbia and the Canadian Environmental Assessment
Agency. The Company expects a final decision regarding the issuance
of an EA Certificate around the end of the first quarter of
2017.
About AuRico Metals
AuRico Metals is a mining royalty and development company whose
producing gold royalty assets include a 1.5% NSR royalty on the
Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine
at Hemlo, and a 0.5% NSR royalty
on the Eagle River Mine - all located in Ontario, Canada. AuRico Metals also has a 2%
NSR royalty on the Fosterville Mine and a 1% NSR royalty on the
Stawell Mine, located in Victoria,
Australia. Aside from its diversified royalty portfolio,
AuRico Metals owns (100%) the advanced Kemess Gold-Copper Project
in British Columbia,
Canada. AuRico Metals' head office is located in Toronto, Ontario, Canada.
Cautionary Statement on
Forward-Looking Information
All statements, other than statements of historical fact,
contained or incorporated by reference in this news release
including, but not limited to, any information as to the future
financial or operating performance of AuRico, constitute
"forward-looking information" or "forward-looking statements"
within the meaning of certain securities laws, including the
provisions of the Securities Act (Ontario) and are based on expectations,
estimates and projections as of the date of this news release.
Forward-looking statements contained in this news release include,
without limitation, statements with respect to AuRico Metals'
Environmental Assessment Application and the timing of the
regulatory recommendations and the Ministers' decisions. The words
"anticipates", "estimates", "expects", "focus", "forecast",
"indicate", "initiative", "intend", "model", "opportunity",
"option", "plans", "potential", "projected", "prospective",
"pursue", "strategy", "study" (including, without limitation, as
may be qualified by "feasibility" and the results thereof),
"target", "timeline" or variations of or similar such words and
phrases or statements that certain actions, events or results
"may", "could" or "would", and similar expressions identify
forward-looking statements.
Known and unknown factors could cause actual results to
differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to: the
timing and ability to obtain provincial and federal approval of the
Environmental Assessment Application, the number of comments or
questions raised during the public comment period, additional
studies required to address questions or concerns raised and the
results of those studies, relations with First Nations partners and
the Province of British Columbia,
changes in national and local government legislation, taxation,
controls, policies and regulations and political or economic
developments in Canada. Many of
these uncertainties and contingencies can directly or indirectly
affect, and could cause, AuRico's actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, AuRico.
There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Forward-looking statements are provided for the purpose of
providing information about management's expectations and plans
relating to the future. All of the forward-looking statements made
in this news release are qualified by these cautionary statements
and those made in our other filings with the securities regulators
of Canada including, but not
limited to, the cautionary statements made in the "Risk Factors"
section of our most recently filed Annual Information Form,
Short-Form Prospectus and Management Discussion and Analysis. These
factors are not intended to represent a complete list of the
factors that could affect AuRico. AuRico disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
Please visit the AuRico Metals website at
www.auricometals.ca or contact: Chris
Richter, President and Chief Executive Officer, AuRico
Metals Inc., 416-216-2780, chris.richter@auricometals.ca
