Cautionary Note Regarding Forward-Looking Statements This press release contains certain information that may constitute "forward-looking information” within the meaning of applicable Canadian Securities laws and "forward-looking statements” within the meaning of applicable U.S.securities laws (together, "forward-looking statements”). Forward-looking statements are frequently characterized by words such as "plan”, "expect”, "project”, "intend”, "believe”, "anticipate”, "estimate”, "potential”, "possible” and other similar words, or statements that certain events or conditions "may”, "will”, "could”, or "should” occur. Forward-looking statements in this press release include, but are not limited to: the construction of the Phase II Hard Rock expansion is ahead of schedule and under budget; the hard rock expansion, which is scheduled to commence operations in Q4-2025, is forecasted to increase gold production by approximately 50%, to over 170,000 ounces per year; the Company continues to evaluate the timing of the Stage II hard rock expansion, which will further increase the gold production profile at Bomboré to 225,000-250,000 ounces per year; the remaining hard rock fleet will be delivered to site in the coming months, in preparation of the ramp-up in hard rock mining in late Q3-2025; and the Company views the potential to achieve materially higher throughput rates than that of the 2.5Mtpa Stage I design.
With the current strength in the price of gold, the Company continues to evaluate the timing of the Stage II hard rock expansion, which will further increase the gold production profile at Bomboré to 225,000-250,000 ounces per year.” Engineering and Procurement Lycopodium Minerals Canada ("Lycopodium”) was awarded the engineering and procurement contract, and is progressing ahead of schedule on both activities.
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR+.
The story "Bomboré Production Expansion Ahead of Schedule and on Budget" has 1653 words across 47 sentences, which will take approximately 7 - 14 minutes for the average person to read.
Which news outlet covered this story?
The story "Bomboré Production Expansion Ahead of Schedule and on Budget" was covered 13 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 92 news stories per day.
It's most recent story was published 13 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
