Mining
Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) President to Take Leave of
Absence
Director
Dunham L. Craig Appointed Interim President
Vancouver,
BC - February 26, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest
Mines Inc. (TSX:SVL)
( NYSE MKT: SVLC) announced today that N. Eric Fier,
President and Chief Operating Officer, has taken a partial leave of absence to
deal with certain matters of personal health. Dunham L. Craig, Director, has
been appointed Interim President and will assume the President's
responsibilities on a temporary basis until further stages of a succession plan
developed by the Board of Directors can be implemented. Mr. Fier will remain as
COO and Director of SilverCrest until such time as he is able to return to his
duties on a full time basis. In his absence, SilverCrest will rely on the depth
and experience of its management to professionally execute its stated business
objectives.
The
Board's succession plan has Mr. Fier stepping into the CEO position upon J.
Scott Drever's anticipated retirement as CEO in the coming year which is now
expected to coincide with Mr. Fier's return. As a result, the Company has
embarked on a search for a new full-time President in anticipation of Mr.
Fier's return to the Company in this new position.
J.
Scott Drever, CEO and Director stated: "Eric will need time away from his
full slate of corporate responsibilities to recuperate from certain required
medical procedures. Eric is a key member of the SilverCrest team and the Board
of Directors. All his colleagues and company employees wish him a speedy
recovery so that he may continue his extraordinary contributions to the growth
and continued success of SilverCrest. Eric has our full support throughout this
challenging period for him."
As
interim President, Dunham Craig brings over 26 years of professional mining and
management experience to assist SilverCrest in Eric's absence. Mr. Craig's
experience in the mining industry has encompassed all aspects of mining and
operations, progressing from exploration discovery to feasibility, financing,
permitting, construction and production related to two mines. He has extensive
experience in Canada, Central America and Mexico with groups such as Wheaton
River Minerals Inc. and Glencairn Gold Inc. and has worked in development,
construction and production in Latin America for over 15 years.
Mr.
Craig will be directly working with Mr. Fier and other members of the Board and
management group to transition Presidential responsibilities so that the
Company's strategic plan for growth may continue without interruption.
SilverCrest Mines Inc. (NYSE MKT:
SVLC; TSX: SVL) is
a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest
flagship property is the 100%-owned Santa Elena Mine, located 150 kilometres
northeast of Hermosillo, near Banamichi in the State of Sonora, México. The
mine is a highgrade, epithermal silver and gold producer, with an estimated
life of mine of 7 years at an average operating cash costs of $11 per ounce of
silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000
tonnes per day conventional mill facility at the Santa Elena Mine should
recover an average of 1.5 million ounces of silver and 32,800 ounces of gold per
annum over the current reserve life. Exploration programs continue to result in
new discoveries at Santa Elena and also have rapidly advanced the definition of
a large polymetallic deposit at the La Joya property in Durango State, Mexico.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
This news
release contains "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Securities Litigation
Reform Act of 1995. Such forward-looking statements concern the Company's
anticipated results and developments in the Company's operations in future
periods, planned exploration and development of its properties, plans related
to its business and other matters that may occur in the future and include,
without limitation, statements with respect to: the economic viability of a
project; strategic plans and expectations for the development of the Company's
operations and properties; the amount of mineral reserves and mineral
resources; the amount of future production of gold and silver over any period;
the amount of expected grades and ounces of metals and minerals; cash operating
costs; and life of mine.
These
forward-looking statements relate to analyses and other information that are
based on, without limitation, the following estimates and assumptions: the
presence of and continuity of metals at the Company's projects; cost of
production and productivity levels; plant and equipment function as
anticipated; the availability of skilled labour; contracted parties provide goods
and services on agreed time frame; ability to develop and finance projects;
accuracy of the interpretations and assumptions used in calculating reserve and
resource estimates; and operations not being disrupted or delayed by unusual
geological or technical problems.
Forward-looking
statements are subject to a variety of known and unknown risks, uncertainties
and other factors which could cause actual events or results to differ from
those expressed or implied by the forward-looking statements, including,
without limitation: risks related to precious and base metal price
fluctuations; risks related to fluctuations in the currency markets
(particularly the Mexican peso, Canadian dollar and United States dollar);
risks related to the inherently dangerous activity of mining, including
conditions or events beyond our control, and operating or technical
difficulties in mineral exploration, development and mining activities;
uncertainty in the Company's ability fund the exploration and development of
its mineral properties; uncertainty as to actual capital costs, operating
costs, production and economic returns, and uncertainty that development
activities will result in profitable mining operations; risks related to
reserves and mineral resource figures being estimates based on interpretations
and assumptions which may result in less mineral production under actual
conditions than is currently estimated and to diminishing quantities or grades
of mineral reserves as properties are mined; and risks related to governmental
regulations and obtaining necessary licenses and permits.
Should
one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
described in the forward-looking statements. The Company's forward-looking
statements are based on beliefs, expectations and opinions of management on the
date the statements are made. For the reasons set forth above, investors should
not place undue reliance on forward-looking statements. The Company undertakes
no obligation to update or revise any forward-looking statements included in
this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Contact:
Fred
Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1
Published at
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