On
In response to the security proposal, Minto received a letter from YG in which they stated, "The cash payment received on
"
Minto, YG and SFN are continuing discussions around the proposed Security funding schedule submitted in the proposal on
"During the month of August we were working closely with all of our stakeholders to develop a solution to the increased security costs being requested by YG. I would like to thank the Yukon Government for their support and acknowledgement of all the hard work our team has been doing to reduce the site liabilities and improve our water management. We are pleased to be able to continue to operate our mine while we work together, taking a tri-partite approach to finalizing an agreement that satisfies both YG's and SFN's concerns," commented
"As previously communicated in earlier press releases, the last several months have been challenging for us with excess water on our mine site temporarily shutting down our milling operations. I would like to take this opportunity to thank our suppliers and contractors for their continued support as we focus on processing the ore stockpile that accumulated during the mill shutdown periods," concluded
Minto operates the producing Minto mine located within the traditional territory of the Selkirk First Nation in the Minto Copper Belt of the
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as of the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "anticipated" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might " or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Yukon Government's potential acceptance of the Security proposal as submitted.
Forward-looking statements are necessarily based upon a number of material factors and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors, which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such material factors and assumptions include, but are not limited to: that required financing and the increased reclamation costs security will be obtained as and when required or on acceptable terms, general business, economic, competitive, political and social uncertainties; the delay or failure to receive board, regulatory or other third party approvals; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws; risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions; the hazards and risks normally encountered in the exploration, development and production of copper, gold and silver, the Company's operations are subject to environmental hazards and compliance with applicable environmental laws and regulations, the Company's properties may be subject to claims by various community stakeholders; and other risk factors as detailed from time to time including those those risk factors set out in the Company's annual information form dated
Neither the
Contact Information:
For further information:
Director, Investor Relations
info@mintometals.com
604.759.4666
SOURCE
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