COVID-19: Belo Sun closely monitors developments around the COVID-19 pandemic. The Company continues to follow the recommended measures by public health and government authorities. Currently, none of our employees in
Indigenous Study: Belo Sun successfully completed and submitted the Indigenous Study (the “Study”) to FUNAI (Fundação Nacional do Indio or
Belo Sun is coordinating and working co-operatively with SESAI (Secretaria Especial de Saúde Indígena - Secretary for
President and CEO,
Corporate Activities: Belo Sun continues to advance financial discussions with various groups in preparation for the commencement of construction following the lifting of the suspension of the construction license (LI).
Technical Activities: We are advancing various technical considerations with the objective of continuous improvement considering technology advancements to improve operations and costs. High Pressure Grinding (HPGR) and hybridgravity processes are showing significant opportunities to improve the processing costs and functionality. On the geological front, we have been evaluating an in-pit drilling program that aims to upgrade inferred mineral resources found within the current pit into mineral reserves, we believe it has potential that may positively impact the
These initiatives have the potential to significantly increase the already robust economics of the
The Company recently completed, in conjunction with some of its principal engineering providers and suppliers, an internal capital and operating cost review of its feasibility study and these values remain within 5% of the original estimate (please refer to the press release of the Company dated
AGM RESULTS: In accordance with the policies of the
Detailed results of the vote for the election of directors held at the Meeting on
Election of Directors
The shareholders approved the election as directors of the persons listed below, based on the following vote.
Nominee | % Votes For | % Votes Withheld |
98.646 | 1.354 | |
98.297 | 1.703 | |
98.592 | 1.408 | |
98.651 | 1.349 | |
98.581 | 1.419 |
Shareholders voted 99.733% in favour of the approval of the appointment of the Company’s auditors, with 0.267% of shareholders withholding their vote on the appointment of auditors.
Belo Sun's board would like to express its gratitude to its shareholders for their high levels of participation and support.
About the Company
Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in
Caution regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Study; financial discussions with third parties; advancement of technical activities; the shareholder meeting; voting results; and the election of directors. Forward-looking information 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, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. 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. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Source:
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