Tahltan Nation and Coeur Silvertip Sign Impact-Benefit Agreement Regarding the Silvertip Mine
January 19 2021 - 4:30PM
Business Wire
The Tahltan Nation and Coeur Silvertip Holdings Ltd. (“Coeur
Silvertip” or the “Company”), a wholly-owned subsidiary of Coeur
Mining, Inc. (“Coeur”) (NYSE: CDE), today announced the signing of
a comprehensive Impact-Benefit Agreement (the “IBA”) in connection
with the Company’s Silvertip silver-zinc-lead mine located in
northern British Columbia. The IBA provides a framework for a
mutually beneficial, long-term relationship between the Tahltan
Nation and Coeur Silvertip, and supports Coeur’s commitment to
socially and environmentally responsible mining.
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“The Tahltan Central Government is very pleased to establish an
IBA with Coeur Silvertip for the Silvertip mine located in the
northern portion of Tahltan Territory. Our nation will work
collaboratively and in partnership with the Company to fully
implement this agreement immediately. We have a shared vision of
empowering Tahltan workers, entrepreneurs and companies while
working together to mitigate the mine's impacts to our Tahltan
Territory, culture and values.” President Chad Norman Day,
Tahltan Central Government
“I am happy that we have signed an IBA with Coeur Silvertip that
ensures our Tahltan environmental concerns and economic interests
are respected.” Chief Marie Quock, Iskut Band Council
“The signing of this IBA is another step towards building a
strong relationship with Coeur Silvertip, a relationship that will
benefit our people and our communities.” Chief Carmen McPhee,
Tahltan Band Council
“We are honored to have the Tahltan Nation’s support for
Silvertip and take our commitments to uphold Tahltan values,
including respect for the land, very seriously. The IBA lays the
foundation for a strong partnership and shared benefits between
Coeur Silvertip and the Tahltan Nation by aligning our interests
across several key measures of success at Silvertip, including
environmental protection, employment and economic opportunities for
surrounding First Nations communities and financial returns, among
others. This agreement is also an important step towards a
potential restart and expansion of operating activities at
Silvertip.” Terry F.D. Smith, Senior Vice President and Chief
Development Officer, Coeur Mining
About the Tahltan Nation
The Tahltan Central Government (“TCG”) is the administrative
governing body of the Tahltan Nation. The Iskut Band and the
Tahltan Band continue to govern Tahltan interests with respect to
the Indian Act in the communities of Iskut, Dease Lake and
Telegraph Creek. The TCG is the representative government of the
Tahltan Nation with respect to the inherent and collective
Aboriginal title and rights shared by all Tahltan people.
The Tahltan Nation’s Territory spans 95,933 square km of
Northwest British Columbia or the equivalent of 11 per cent of the
province. Tahltan Territory includes 70 per cent of BC’s Golden
Triangle – a world-class mining jurisdiction with a thriving
mineral exploration sector. For more information, visit:
www.tahltan.org.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing
precious metals producer with five wholly-owned operations: the
Palmarejo gold-silver complex in Mexico, the Rochester silver-gold
mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold
mine in South Dakota, and the Silvertip silver-zinc-lead mine in
British Columbia. In addition, Coeur has interests in several
precious metals exploration projects throughout North America.
Cautionary Statements
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada,
including statements regarding future plans and expectations
regarding the Silvertip mine and the IBA. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause Coeur’s actual results, performance or
achievements to be materially different from any results,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others,
risks associated with the potential restart and expansion of
operating activities at Silvertip, the risks and hazards inherent
in the mining business (including risks inherent in developing
large-scale mining projects, environmental hazards, industrial
accidents, weather or geologically-related conditions), changes in
the market prices of gold, silver, zinc and lead and a sustained
lower price environment, the uncertainties inherent in Coeur’s
production, exploratory and developmental activities, including
risks relating to permitting and regulatory delays (including the
impact of government shutdowns), ground conditions, grade
variability, any future labor disputes or work stoppages, the
uncertainties inherent in the estimation of mineral reserves,
changes that could result from Coeur’s future acquisition of new
mining properties or businesses, the loss of any third-party
smelter to whom Coeur markets its production, the potential effects
of the COVID-19 pandemic, including impacts to the availability of
our workforce, continued access to financing sources, government
orders that may require temporary suspension of operations at one
or more of our sites and effects on our suppliers or the refiners
and smelters to whom the Coeur markets its production, the effects
of environmental and other governmental regulations, the risks
inherent in the ownership or operation of or investment in mining
properties or businesses in foreign countries, Coeur’s ability to
raise additional financing necessary to conduct its business, make
payments or refinance its debt, as well as other uncertainties and
risk factors set out in filings made from time to time with the
United States Securities and Exchange Commission, and the Canadian
securities regulators, including, without limitation, Coeur’s most
recent reports on Form 10-K and Form 10-Q. Actual results,
developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. Coeur disclaims any intent
or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities.
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Coeur Mining, Inc. 104 S. Michigan Avenue, Suite 900 Chicago,
Illinois 60603 Attention: Paul DePartout, Director, Investor
Relations Phone: (312) 489-5800 www.coeur.com
Tahltan Central Government Gordon Infanti Communications
Director Phone: (604) 351-0726
communicationsdirector@tahltan.org
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