Ascot Announces Care & Maintenance of Operations in Order to Focus on Mine Development Activities
Ascot Announces Care & Maintenance of Operations in Order to Focus on Mine Development Activities
VANCOUVER, British Columbia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) ("Ascot" or the "Company") today announced that over the period of the past two months, mill operations at the Company's Premier Gold Mine have poured 3,430 oz of gold, which is 418% above the amount recorded over the entire second quarter. Additionally, in August, the mill has operated near or above its design capacity.
卑诗省温哥华,2024年9月6日,Ascot Resources Ltd.(TSX: AOT; OTCQX: AOTVF)(以下简称Ascot或该公司)今天宣布,过去两个月来,该公司旗下首要黄金矿的磨矿运行已经生产出3430盎司的黄金,这比整个第二季度的黄金产量增加了418%。此外,在八月份,该磨矿的运行一直保持在设计能力的附近或以上。
The mill operations have progressed well; however, we believe that the amount of mine development at the Big Missouri mine has fallen behind schedule by approximately one to two months, and with the delay in the start of the Premier Northern Lights ("PNL") ramp from July to December last year, PNL production is also delayed. As a result, the number of stoping areas is not sufficient to provide enough production to adequately feed the mill. Although the Company is on track for first development ore at PNL this month, further development is required to access deeper ore than was initially planned, which will extend the timing to complete the development and ramp up of the PNL mine.
磨矿运行进展顺利,但我们认为Big Missouri矿的开发量落后于计划进度约一到两个月。而Premier Northern Lights(PNL)斜坡的启动从去年7月推迟到12月,因此PNL的生产也会延迟。因此,停采区域的数量不足以提供足够的矿石产量来满足磨矿需求。尽管该公司计划本月开发PNL的首批矿石,但还需要进一步开发才能开采比最初计划更深的矿石,这将延长开发和PNL矿井的加工时间。
After careful consideration, the Company has decided that, to enable sufficient mine development, it will suspend operations. Ascot will focus on mine development until the combination of the Big Missouri and PNL mines can sustainably deliver enough ore feed to profitably run the operation. The Company's intention is to seek funding to complete the necessary mine development.
在经过慎重考虑后,公司决定暂停运营,以确保足够的矿井开发工作。Ascot将专注于矿井开发,直到Big Missouri矿和PNL矿的结合能够可持续地提供足够的矿石供给以盈利运行。该公司的意图是寻求资金完成必要的矿井开发。
The Company's initial estimate is that approximately three to six months of development will be required to be undertaken, primarily at the PNL mine, subject to further investigation and cost determinations.
公司的初步估计是,需要进行大约三到六个月的开发工作,主要是在PNL矿,具体视进一步调查和成本确定而定。
At the end of August, the Company had a cash resource of approximately C$15 million. This amount is expected to be sufficient to undertake proper suspension of operations for the oncoming winter season and ensure that the Company maintains all its environmental compliance programs. The Company is in discussions with its secured creditors regarding its obligations during the suspension period.
到8月底,公司的现金资源约为1500万加元。预计这笔金额足以在即将到来的冬季进行适当的业务暂停,并确保公司保持所有的环保合规计划。公司正在与其保证人债权人就在暂停期间的义务进行讨论。
There is no certainty the Company will be able to raise the funds required to complete the necessary mine development work and to restart operations. While the Company expects that operations will be sustained once restarted following development work, there is no certainty that this will be the case.
公司能否筹集到完成必要的矿山开发工作并重新开展业务所需的资金尚不确定。尽管公司预计在开展工作后业务将得以维持,但不能确定情况会不会如此。
Derek White commented: "This is difficult news for all of our stakeholders, and especially all of our employees and contractors who have worked extremely hard during the commissioning period. The Company believes we need to focus on mine development to prioritize asset value and ensure we have the best path forward to sustainable and profitable operations."
德里克·怀特评论道:“这对我们所有利益相关者,特别是所有在调试期间努力工作的员工和承包商来说,都是困难的消息。公司认为我们需要专注于矿山开发,优先考虑资产价值,并确保我们在可持续和盈利的运营方面有最佳的前进道路。”
Qualified Person
John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company's Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
合格人士
本新闻发布文本的技术内容已由本公司的首席运营官John Kiernan, P.Eng.,作为《43-101国家仪器定义的合格人员(QP)》进行审查和批准。
On behalf of the Board of Directors of Ascot Resources Ltd.
代表Ascot Resources有限公司董事会
"Derek C. White"
President & CEO, Director
“德里克·C·怀特”
总裁兼首席执行官,董事
For further information contact:
有关更多信息,请联系:
Kristina Howe
VP, Communications
khowe@ascotgold.com
778-725-1060 ext. 1019
Kristina Howe
VP, Communications
khowe@ascotgold.com
778-725-1060 分机1019
About Ascot
关于Ascot
Ascot is a Canadian mining company headquartered in Vancouver, British Columbia and its shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Ascot is the 100% owner of the Premier Gold Mine ("Premier"), which poured first gold in April 2024 and is located on Nisga'a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia.
Ascot是一家总部位于加拿大不列颠哥伦比亚省温哥华的采矿公司,其股票在tsx上交易,股票代码为AOt,在OTCQX上交易,股票代码为AOTVF。Ascot是Premier Gold Mine(“Premier”)的100%所有者,该矿于2024年4月首次铸造金条,位于Nisga'a Nation Treaty Lands,位于不列颠哥伦比亚西北部富有产量的金三角地区。
For more information about the Company, please refer to the Company's profile on SEDAR+ at or visit the Company's web site at .
有关公司的更多信息,请参阅SEDA数据库上的公司简介+,或访问公司的网站 .
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
TSX未审核并不承担此新闻稿的充分性或准确性责任。
Cautionary Statement Regarding Forward-Looking Information
关于前瞻性信息的警示声明
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", "would" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the proposed care and maintenance operations of the Company; timing of future plans, development and operations at Big Missouri and PNL, and the ability of such plans, development and operations to sustain the Company; the Company's future intentions to seek funding and the ability to raise such funding; and the sufficiency of the Company's cash to fund its proposed operations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks related to business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot's properties and the issuance of required permits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with the care and maintenance plans; the ability to maintain throughput and production levels at Big Missouri and PNL; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing; compliance with the covenants in Ascot's credit agreements; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
本新闻稿中包含的所有声明和其他信息,关于预期未来事件可能构成根据加拿大证券法的前瞻性信息("前瞻性声明")。前瞻性声明通常但并非总是可以通过使用"寻求","预期","相信","计划","估计","期望","目标","前景","按计划进行"和"打算"以及表明事件或结果"可能","将会","应该","可能"或"可能"发生或实现和其他类似表达进行识别。除了历史事实的声明外,本文中包含的所有声明均属于前瞻性声明,包括有关公司拟议的护理和维护业务的时间安排;Big Missouri和PNL的未来计划、开发和营运的时间安排,以及这些计划、开发和营运维持公司的能力;公司未来寻求资金的意图和筹集此类资金的能力;以及公司的现金是否足以资助其拟议的业务。这些声明涉及已知和未知的风险、不确定因素和其他因素,可能导致实际结果或事件与此类前瞻性声明中预期的结果或事件大相径庭,包括与矿业行业的商业和经济状况相关的风险;大宗商品价格和货币汇率波动;涉及开发、生产、成本和费用以及健康、安全和环境风险的估计和预测的不确定性;涉及钻孔结果、矿床的地质学、连续性和品位的解释的不确定性;需要政府机构和土著团体在Ascot物业的勘探和开发以及颁发所需许可证的合作;需要获得额外融资以进行业务的不确定性,以及未来融资的可用性和条款的不确定性;延迟未来计划的可能性和不确定是否能够实现预期的项目里程碑的不确定性;及是否能够及时获得许可证和其他政府批准的不确定性以及公司在Ascot的SEDA+档案中定期详细披露的其他风险因素,可在加拿大证券监管机构处获得 包括公司于2024年3月25日的《年度信息表》中的"风险因素"部分。前瞻性声明是基于以下假设:与护理和维护计划相关的估计成本;在Big Missouri和PNL保持吞吐量和生产水平的能力;适用于公司的税率;未来的商品价格;矿产资源和矿产储量的等级;公司将推断的矿田资源转化为其他类别的能力;减少采矿稀释的能力;降低资本成本的能力;公司获得额外融资的能力;遵守Ascot信贷协议中的契约;和勘探计划。前瞻性声明是根据管理层在发表声明时的估计和意见。尽管Ascot相信此类前瞻性声明和(或)信息所反映的期望是合理的,但不应过度依赖前瞻性声明,因为Ascot无法保证此类期望将证明正确。Ascot除适用法律要求外,不承担任何更新前瞻性声明的义务。本新闻稿中包含的前瞻信息受到此警示声明的明确限定。