Americas Silver Recommences Regular Operations at the Galena Complex
June 28 2018 - 5:37PM
Business Wire
Americas Silver Corporation (TSX: USA) (NYSE “American”: USAS)
(“Americas Silver” or the “Company”) is providing an update of the
recent hoist-related issue at its 100%-owned Galena Complex in
Wallace, Idaho.
Following the press release dated June 14, 2018, the Company is
pleased to announce it has completed the necessary repairs on the
No. 3 hoist brake mechanism and has restarted the No. 3 shaft.
These repairs were associated with the mechanical failure on the
brake mechanism which occurred during the evening of June 11, 2018.
Shaft crews have completed the inspection of the shaft and no
issues were identified. Mining crews have returned underground with
regular ore production and milling expected to recommence on
Friday, June 29, 2018.
About Americas Silver Corporation
Americas Silver is a silver-mining company focused on growth in
precious metals from its existing asset base and execution of
targeted accretive acquisitions. It owns and operates the Cosalá
Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA.
The Company holds an option on the San Felipe development project
in Sonora, Mexico.
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, repairs to the No. 3 hoist, the
realization of exploration, operational and development plans, the
Cosalá Operations and Galena Complex as well as the Company’s
financing efforts. 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, risks associated with
the mining industry such as economic factors (including future
commodity prices, currency fluctuations and energy prices), ground
conditions and factors other factors limiting mine access, failure
of plant, equipment, processes and transportation services to
operate as anticipated, environmental risks, government regulation,
actual results of current exploration and production 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.
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Americas Silver CorporationDarren BlasuttiPresident and
CEO416‐848‐9503
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