MEDELLIN, Colombia, March 23,
2023 /CNW/ - Mineros S.A. (TSX: MSA) (CB: MINEROS)
("Mineros" or the "Company") is pleased to announce that the
Company has resumed full operations at its Nechi Alluvial
Property.
The Company also reaffirms its annual production guidance for
the Nechi Alluvial Property of 84,000 – 94,000 oz. The Company
continues to work with local communities and stakeholders to ensure
the continuity of its operations.
ABOUT MINEROS S.A.
Mineros is a Latin American gold mining company headquartered in
Medellin, Colombia. The Company
has a diversified asset base, with mines in Colombia, Nicaragua, and Argentina and a pipeline of development and
exploration projects throughout the region.
The Board of Directors and management of Mineros have extensive
experience in mining, corporate development, finance, and
sustainability. Mineros has a long track record of maximizing
shareholder value and delivering solid annual dividends. For almost
50 years, Mineros has operated with a focus on safety and
sustainability at all its operations.
Mineros' common shares are listed on the Toronto Stock Exchange
under the symbol "MSA", and on the Colombia Stock Exchange under
the symbol "MINEROS".
The Company has been granted an exemption from the individual
voting and majority voting requirements applicable to listed
issuers under Toronto Stock Exchange policies, on grounds that
compliance with such requirements would constitute a breach of
Colombian laws and regulations which require the directors to be
elected on the basis of a slate of nominees proposed for election
pursuant to an electoral quotient system. For further information,
please see the Company's most recent annual information form filed
on SEDAR at www.sedar.com.
FORWARD-LOOKING
STATEMENTS
This news release contains "forward-looking information" within
the meaning of applicable securities laws. Forward-looking
information includes statements that use forward-looking
terminology such as "may", "could", "would", "will", "should",
"intend", "target", "plan", "expect", "estimate", "anticipate",
"believe", "continue", "potential", "view" or the negative or
grammatical variation thereof or other variations thereof or
comparable terminology. Such forward-looking information includes,
without limitation, statements with respect to the resumption and
continuation of operations at the Nechi Alluvial Property, and the
Company's production guidance.
Forward-looking information is based upon estimates and
assumptions of management in light of management's experience and
perception of current conditions and expected developments, as well
as other factors that management believes to be relevant and
reasonable in the circumstances, as of the date of this news
release, including, without limitation, assumptions about:
operating conditions being favourable such that the Company is able
to operate in a safe, efficient and effective manner; political and
regulatory stability; risks inherent in the mining industry
including environmental hazards, industrial accidents, unusual or
unexpected geological formations, floods, labour disruptions,
weather conditions and criminal activity; commodity price
fluctuations; higher operating and/or capital costs; the
availability of infrastructure; the receipt of governmental,
regulatory and third party approvals, licenses and permits on
favourable terms; obtaining required renewals for existing
approvals, licenses and permits; sustained labour stability;
stability in financial and capital goods markets; availability of
equipment; and positive relations with local groups. While the
Company considers these assumptions to be reasonable, many of them
are based on factors and events that are not within the control of
the Company and there is no assurance they will prove to be
correct. The assumptions are inherently subject to significant
business, social, economic, political, regulatory, competitive and
other risks and uncertainties, contingencies and other factors that
could cause actual actions, events, conditions, results,
performance or achievements to be materially different from those
projected in the forward-looking information. These risk factors
specifically include, without limitation: protests may resume and
escalate; risks relating to receipt of regulatory approvals; delays
in stakeholder negotiations; changes in regulations applicable to
the development, operation, and closure of mining operations;
difficulties attracting the necessary work force; changes in
development or mining plans due to changes in logistical, technical
or other factors; operational and infrastructure risks; and the
additional risks described in the ''Risk Factors" sections of the
Company's annual information form dated March 31, 2022, and the Company's Management's
Discussion and Analysis for the three months and year ended
December 31, 2022, available on SEDAR
at www.sedar.com.
The Company cautions that the foregoing lists of important
assumptions and factors that may affect future results are not
exhaustive. Other events or circumstances could cause actual
results to differ materially from those estimated or projected and
expressed in, or implied by, the forward looking information
contained herein. There can be no assurance that forward looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward looking information. Forward looking information
contained herein is made as of the date of this news release and
the Company disclaims any obligation to update or revise any
forward looking information, whether as a result of new
information, future events or results or otherwise, except as and
to the extent required by applicable securities laws.
SOURCE Mineros S.A.
