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White Tiger Gold and Century Mining Complete Business Combination -
http://www.marketwire.com/press-release/white-tiger-gold-and-century-mining-complete-business-combination-tsx-wtg-1576066.htm
Century Mining Announces $1,500,000 Private Placement and $2,500,000 Flow-Through Private Placement
BLAINE, WASHINGTON, Nov. 9, 2010 (Marketwire) --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Century Mining Corporation ("Century" or "the Company") (TSX VENTURE:CMM) is pleased to announce that it intends to complete a private placement financing of 3,846,154 units (the "Units") of the Company, at a price of $0.39 per Unit, for gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share at $0.60 for 18 months from closing. The Company will pay a finder's fee of 6% of the gross proceeds of the private placement.
The Company also intends to complete a private placement financing of 5,555,556 flow-through units (the "Flow-Through Units") of the Company, at a price of $0.45 per Unit, for gross proceeds of $2,500,000. Each Flow-Through Unit will consist of one common share issued on a flow-through basis and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share at $0.60 for 18 months from closing. The Company will pay finder's fees of 7% of the gross proceeds of the Flow-Through Units in cash and warrants equal to 5% of the number of Flow-Through Units (the "Compensation Warrants"). Each Compensation Warrant will be exercisable for one common share at $0.45 for 18 months from closing.
The proceeds from the private placement offering will be used for the continuing commissioning of its Lamaque Gold Mine operation in Val d'Or, Quebec, Canada, while the proceeds of the private placement of Flow-Through Units will be used for eligible Canadian Exploration Expenditures ("CEE") including the diamond drill program at Lamaque.
The completion of both the private placement and the private placement of Flow-Through Units is subject to regulatory approval by the TSX Venture Exchange and completion of documentation. All securities issued under both the private placement and the private placement of Flow-Through Units will be subject to a four-month hold period.
Century Mining Corp (USOTC:CMNZF)
Last Price (USD) $0.4715
Change ? 0.0015 (0.32%)
Bid -
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Volume 121,750
Days Range 0.46 - 0.4791
Last Trade 9/29/2010 3:37:16 PM
Detailed CMNZF Stock Quote
Century Mining Corp (USOTC:CMNZF)
Last Price (USD) $0.3935
Change ? 0.0095 (2.47%)
Bid -
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Volume 109,480
Days Range 0.3935 - 0.4052
Last Trade 9/8/2010 1:02:04 PM
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gsfl welcome to CENTURY MINING CORP ORATION (CMNZF
http://www.centurymining.com/
You are not alone. I am now invested long. Here is to a long and profitable ride.
Sigma and Lamaque Mines History
http://www.centurymining.com/s/Lamaque.asp?ReportID=385603
Century Mining Corp (USOTC:CMNZF)
Last Price (USD) $0.6585
Change ? -0.0686 (-9.43%)
Bid -
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Volume 135,341
Days Range 0.64 - 0.7098
Last Trade 5/4/2010 1:45:07 PM
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Century Mining C (USOTC:CMNZF)
Last Price (USD)
$ 0.283
Change
? 0.0022 (0.78%)
Bid -
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Volume 4,000
Day's Range 0.283 - 0.309
Last Trade 3:07:59 PM EST
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NYBob, You must feel like the lone ranger here and only 3 board-marks. Anyway some good drill results recently. Will put in on my watch list.
Century Mining C (USOTC:CMNZF)
Last Price (USD)
$ 0.3561
Change
? -0.0031 (-0.86%)
Bid -
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Volume 39,300
Day's Range 0.346 - 0.371
Last Trade 1:45:04 PM EST
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Century Mining C (USOTC:CMNZF)
Last Price (USD)
$ 0.2635
Change
? 0.0105 (4.15%)
Bid -
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Volume 20,000
Day's Range 0.263 - 0.264
Last Trade 10:17:13 AM EST
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Century Mining C (USOTC:CMNZF)
Last Price (USD)
$ 0.152
Change
▼ -0.0002 (-0.13%)
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Volume 23,000
Day's Range 0.152 - 0.157
Last Trade 8:13:25 AM EDT
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Century Mining C (USOTC:CMNZF)
Last Price (USD)
$ 0.125
Change
▼ -0.015 (-10.71%)
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Volume 1,000
Day's Range 0.125 - 0.125
Last Trade 8:23:39 AM EDT
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Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.162
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◊ 0
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Volume -
Day's Range - - -
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Last Trade:2:05:06 EDT Jun-26-09
Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.1323
Change
▼ -0.0187 (-12.38%)
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Volume 21,700
Day's Range 0.132 - 0.142
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Last Trade:13:51:12 EDT May-12-09
Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.104
Change
▲ 0.004 (4.00%)
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Volume 80,500
Day's Range 0.10 - 0.114
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Last Trade:13:16:26 EST Mar-6-09
Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.0395
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◊ 0
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Volume -
Day's Range - - -
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Last Trade:- -
Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.0277
Change
▲ 0.0127 (84.67%)
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Volume 17,500
Day's Range 0.022 - 0.0277
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Last Trade:14:36:26 EST Dec-10-08
Century Mining Corp Ord (OTC) (USOTC:CMNZF)
Last Price (USD)
$ 0.0149
Change
▼ -0.0011 (-6.88%)
Bid -
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Volume 38,000
Day's Range - - -
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Last Trade:17:20:16 EDT Oct-17-08
God Bless
Century Mining hires advisors to evaluate strategic options -
Wednesday July 23, 9:51 am ET
BLAINE, WA, July 23 /CNW/ -
Century Mining Corporation -
(CMM: TSX-V) announced today that it has initiated a strategic review process in response to recent difficulties the Company has encountered in its efforts to secure financing. This review process was initiated as a result of Century's evaluation of severe equity market conditions and the current valuation of the Company.
The Board of Directors has therefore engaged Blair Franklin Capital Partners as financial advisors, to identify alternatives available to Century that will enhance shareholder value.
The strategic review will encompass a thorough analysis and evaluation of the prospects and options available to the Company, including the sale of the Company or its assets, the recapitalization of the Company or other alternatives that may be identified by the Company's advisors or Board of Directors.
Margaret Kent, President & CEO said: "We are asset rich, but lacking in working capital. We fully intend to continue all internal work toward completing the due diligence process related to the Fortis Bank financing for Lamaque. Parallel to this process, the Company will explore strategic alternatives which could enhance shareholder value. The Company believes that there are several alternatives that could ease the strain of our current working capital deficit and allow us to move forward and grow the Company during this difficult time we are experiencing in the resource equity markets."
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
For further information
Brent Jones, Manager of Investor Relations, E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653, Fax: (360) 332-4652, Website: www.centurymining.com
Source: Century Mining Corporation
http://biz.yahoo.com/cnw/080723/century_hire_advisors.html?.v=1
Century Mining Announces Up To C$6 Million In Financings
Thursday June 5, 1:17 pm ET
BLAINE, WA, June 5 /CNW/ - Century Mining Corporation (CMM: TSX-V) today announced that, subject to regulatory approval, it has arranged with a Swiss institution a C$6.0 million financing for its Lamaque Project.
Details of the financing are as follows:
<<
Convertible Debenture Facility for C$1.0 million
------------------------------------------------
- Zero-coupon facility with 12 month maturity.
- Lender has the right to convert the debenture into approximately
5.6 million Units at a price of C$0.18 per Unit within 12 months from
issue.
- Each Unit will comprise one Common Share and One-Half of One Common
Share Purchase Warrant. Each whole Common Share Purchase Warrant will
entitle the holder to purchase an additional Common Share at an
exercise price of $0.30 per share for a period of 18 months.
- Finder's fee of 6% to be paid in units.
Bridge Loan Facility for C$5.0 million
--------------------------------------
- The term of the loan will be the earlier of 24 months or the date that
the previously-announced project loan facility with Fortis becomes
available for drawdown.
- The loan will bear interest of LIBOR + 6%.
- The loan will be secured by Lamaque milling circuit and other assets
at the Sigma Lamaque Complex.
- Draw down conditional on due diligence on the Lamaque Mine and mining
operations satisfactory to the lender.
- Finder's fee of 4% of the total facility to be paid in common shares
of the company.
>>
The convertible debenture is scheduled to close immediately and draw down of the bridge facility is expected in the near term.
As announced on May 12, 2008 Century is currently negotiating a significant project loan facility with Fortis for up to C$70 million. The financings announced today were arranged to provide Century with sufficient capital to continue production expansion at the Lamaque Mine until the proceeds from the project loan facility are available.
Margaret Kent, President & CEO, commented: "Today's announcement is another important step in Century's plan to expand production at the Lamaque Underground Mine. The financing announced today will provide Century with the additional capital to operate the Lamaque Mine until the operation is cash flow neutral and the Fortis facility can be drawn down."
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru. The Company owns and produces gold at the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Century's growth strategy is to acquire gold producing assets in South America that will substantially reduce the Company's consolidated total cash cost of production and where there is exceptional exploration potential to expand production at these mines.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
For further information
Brent Jones, Manager of Investor Relations, E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653, Fax: (360) 332-4652, Website: www.centurymining.com
http://biz.yahoo.com/cnw/080605/century_min_financing.html?.v=1
Century Mining Corp. (CMNZF) $ 0.246 -$0.0055 (-2.19%)
Volume: 5.5 k
4:00 PM EDT Mar 28, 2008
Century Mining Corp. (CMNZF) $ 0.299
-0.034 (-10.21%) Volume: 22.1 k
4:00 PM EST Feb 6, 2008
Century Discovers New 2 km Long Mineralized Zone At Rosario de Belen
BLAINE, WA, Dec. 13 /CNW/ -
Century Mining Corporation -
(CMM: TSX-V) today announced results from the sampling and mapping program at the Rosario de Belen gold mine in Peru.
In today's announcement, Century's 10 member team, including geologists, technicians and support personnel, reported that they have discovered a new mineralized zone at the Company's Rosario de Belen gold mine in Peru (see Table 1 below for sample results).
The strike length is approximately 2 km long and consists of quartz veinlets hosted by andesite.
The discovery is the result of a sampling and mapping program commenced in November 2007, and scheduled to continue through February 2008.
The purpose of this program is to accurately and efficiently identify targets for exploration at Rosario and other nearby concessions.
The results will be used to develop comprehensive drilling and exploration plans for Rosario de Belen in 2008.
The Rosario de Belen property covers a total land position in excess of 12,000 hectares, and the mapping and sampling completed to date represents only about 25% of the total property.
The Company is encouraged by these early sample results since Century Mining acquired Rosario de Belen in May 2007 as an operating mine with excellent exploration potential, given its close proximity to other significant known gold deposits.
The Company also reported that the Rosario de Belen mine was connected to the national power grid in September, thereby eliminating the need generate power on site.
In addition to providing reliable, uninterrupted power to the mine, connection to the power grid will reduce costs and facilitate future drilling, exploration and mine expansion
for the project.
Details of the sampling and geology at Rosario de Belen are
as follows:
Gold/silver mineralization at Rosario de Belen is associated with andesite that is overlain by sedimentary rocks of the Chimu Formation.
The Chimu Formation hosts the nearby Santa Rosa gold deposit, which is currently producing 140,000 gold-equivalent ounces per year, and is also host to world-class gold deposits including Lagunas Norte, which is producing 1.1 million ounces of gold per year, and Yanacocha, which is producing 2.6 million ounces of gold per year.
Rosario de Belen is currently heap leaching quartzites, which overlie altered andesitic volcanic rocks on the northern portion of the Rosario de Belen concession.
Mapping in the mine area has shown the underlying andesite to contain gold bearing quartz veins that will be the initial focus of the drill program.
The Anely II concession directly south of the Rosario de Belen concession was one of the first areas to be mapped and sampled. Mapping showed the concession to be mostly andesite with a veneer of quartzites, sandstones and lutites over a portion of the concession.
The initial grab sampling on the Anely II concession returned the following values from quartz veins in a two kilometer long zone striking N45E toward the Rosario de Belen mine.
The zone occurs within andesites, however an anomalous sample (7012) was returned from quartzite overlying andesite two kilometers along strike from the first zone.
Detailed sampling will be completed over the strike length
of the mineralization as part of the remaining mapping
and sampling program.
Table 1
-------------------------------------------------------------------------
g/t g/t
-------------------------------------------------------------------------
Sample No. Gold Silver Rock Type Location
-------------------------------------------------------------------------
7006 7.545 (greater than) 100 Andesite Anely II concession
-------------------------------------------------------------------------
7030 1.728 (greater than) 100 Andesite Anely II concession
-------------------------------------------------------------------------
7002 1.288 80.1 Andesite Anely II concession
-------------------------------------------------------------------------
7001 0.937 66.1 Andesite Anely II concession
-------------------------------------------------------------------------
7031 0.070 0.9 Andesite Anely II concession
-------------------------------------------------------------------------
7012 0.064 0.5 Quartzite Rosario Concession
-------------------------------------------------------------------------
Margaret Kent, chairman, chief executive officer and president of Century commented: "The early indications from the sampling and mapping project at Rosario de Belen are very exciting. The results confirm our initial evaluation of the potential this property has, given its close proximity to some of the largest gold mines in the world. Upon completion of the current sampling project, we will begin an aggressive drilling and exploration program at Rosario de Belen in 2008. Toward the future, we envision Rosario de Belen not just as a profitable stand-alone gold mine, but a central part of the Company's expanding portfolio of operating mines in Peru."
Technical information included in this press release was reviewed by Century's "Qualified Person" Ross Burns, B.Sc, P.Geo., Vice President, Exploration.
About Century Mining Corporation
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru. The Company owns and produces gold at the Lamaque mine in Quebec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Century subsidiaries have also recently acquired Rosario de Belen where it accounts for 100% of both gold and silver production. Century's growth strategy is to acquire gold producing assets in South America that will substantially reduce the Company's consolidated total cash cost of production and where there is exceptional exploration potential to expand production at these mines.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Source: Canada NewsWire (December 13, 2007 - 10:02 AM EST)
News by QuoteMedia
www.quotemedia.com
Century posts court documents that support Algamarca's -
legal position in the dispute over Shahuindo -
BLAINE, WA, Oct. 22 /CNW/ -
Century Mining Corporation -
http://www.centurymining.com
(CMM: TSX-V) Century has posted on its website the 2004
injunction granted by the Civil Court of Cajabamba
restricting Sulliden from entering Shahuindo as well
as the Civil Courtroom of the Superior Court
Cajabamba's recent notices regarding inspection of
the Shahuindo concessions to ensure Sulliden has
not violated the terms of that injunction.
Century has also posted on its website the August 2007
decision of the Superior Court of Lima nullifying
the 2006 arbitration award in Sulliden's favor and
its subsequent denial of Sulliden's request to suspend
the effects of that decision as a result of
Sulliden's appeal.
Contrary to comments in Sulliden's press releases
dated September 21, 2007 and October 17, 2007, the
effects of the Superior Court's decision to nullify
the arbitration award have NOT been suspended and
now the various administrative processes relying on
the 2006 arbitration award, such as the 2006
injunction against Algamarca and the registration
of the concessions in Sulliden's name, have no
legal foundation; this situation is now being corrected
by the various courts and administrative authorities
in Peru, as discussed below.
Century has posted on its website the September 16, 2007
decision of the 55th Civil Division of the Superior Court
of Lima to reverse the injunction Sulliden won in 2006
against Algamarca, which injunction contained the basis
for the registration of the Shahuindo concessions
in Sulliden's name.
With the lifting of that injunction, there is no
juridical basis for the registration of the concessions
in Sulliden's name.
The administrative processes are now underway to revert
the registration of the Shahuindo concessions back
into Algamarca's name.
The Court of Cajamarca is now instructing the Director
General of Environmental Issues of the Minister of Energy
and Mines of Peru to revoke the temporary (9-month) permit
it had granted on April 17, 2007 to Sulliden to perform
certain exploration work on Shahuindo.
This correspondence from the Court of Cajamarca to the
Minister of Mines is also posted on Century's website.
Commented Margaret Kent, Chairman and CEO of Century,
"We have taken a position of total transparency.
We have posted on our website the various court documents,
and in some cases the certified translations of these
documents, which support the claims we made in prior
press releases regarding recent developments in Peru.
I encourage the shareholders of Sulliden to read the
court filings and decisions for themselves and I am
confident that they will arrive at the same
conclusion we have:
the courts in Peru are increasingly more supportive
of Algamarca's legal position in this dispute."
On behalf of the Board of Directors,
"Margaret M. Kent"
Chairman, President and C.E.O.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report , in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Source: Canada NewsWire (October 22, 2007 - 12:15 PM EDT)
News by QuoteMedia
www.quotemedia.com
Injunction on sale of Poderosa shares still in effect -
BLAINE, WASHINGTON--(CCNMatthews - June 5, 2007) -
Century Mining Corporation -
(TSX VENTURE:CMM) is pleased to provide an update on the Poderosa litigation in Peru.
The defendants to the breach of contract claim
Century Mining
filed in Peru on May 15, 2007 failed to appear at
the mediation hearing held on May 29, 2007.
As a result, this matter will now proceed to trial,
where Century is seeking damages totaling US$85 million.
Century's claim
is based on the improper sale of approximately 37% of
the issued shares of Compania Minera La Poderosa S.A.
(CMPSA) to Compania Minera San Manuel S.A. (San Manuel),
a subsidiary of Compania Minera Atacocha S.A.
This sale constituted a breach of a contract between
the defendants and Century Mining
signed October 12, 2006.
The following defendants were parties to the contract with Century and in breach thereof sold their Poderosa shares to
San Manuel:
- Monica Patricia Arias Vargas De Ucelli
- Veronica Rociio Arias Vargas de Gomero
- White Peak Resources, Inc.
- Koriarias, Inc.
The following defendants were involved in the transaction or related to the above former shareholders:
- Luz Evangelina Arias Vargas De Sologuren
- Compania Minera Poderosa S.A.
- Compania Minera Atacocha S.A.
- Corporacion Minera San Manuel S.A.
- Ana Carolina Arias Vargas de Picasso
and Jose Enrique Juan Picasso Salinas
In addition, Century Mining succeeded in maintaining the injunction on the transfer of all CMPSA shares currently held by Minera San Manuel whose total shareholding of CMPSA now represents 51% of the issued capital of CMPSA.
Margaret Kent, President and CEO, commented, "Given the defendants' failure to appear at the mediation hearing, we are well-positioned to succeed at trial as we demonstrate the breach of contract by the defendants. We maintained good faith in our negotiations with the selling group from the beginning of the negotiation process and we are now pursuing this legal action to protect the interests of our shareholders."
On behalf of the Board of Directors,
Margaret M. Kent, Chairman, President and C.E.O.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Brent Jones
Manager, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
Email: bjones@centurymining.com
Website: www.centurymining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Source: CCN Matthews (June 5, 2007 - 5:30 PM EDT)
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To 'Goldbugs' on 'CENTURY MINING CORP. ' -
well, agree very oversold / undervalued -
http://www.investorshub.com/boards/read_msg.asp?message_id=10227283
once, the worlds largest Gold Mines -
should still be more than 10 times higher -
the Gold is still down there -
the oldtimers only got a sniff at it -
found it and saved it for the kids? -
the SP is a strategic bargain on firesale -
btw. the miners knows how to mine -
still they know zero about PR image etc. -
tunnelvision hurt the SP -
its to have the richest mine in the world -
but if no one knows -
its still a hidden treasure chest -
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Imo. Tia.
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God Bless
Century Mining Corp. - NEWS - (TSX VENTURE:CMM)
is pleased to provide an update on its exploration
program in Peru and on production in the Sigma pit.
BLAINE, WASHINGTON--(CCNMatthews - Oct. 5, 2006) -
Century Mining Corporation -
(TSX VENTURE:CMM) is pleased to provide an update
on its exploration program in Peru and on
production in the Sigma pit.
Exploration in Peru -
The Company's exploration team in Peru is mobilizing
surface and underground drills at the San Juan (Pampas)
and San Juan (interior) sites.
The Company has completed access roads, drill platforms
and other ancillary work to expedite the exploration
program on receipt of the Class B exploration permit
from the Ministry of Mines.
The Company has secured drill equipment and contracted
major vendors for support of the program.
Century is still awaiting receipt of the Class B permit
for drilling at San Juan.
The delay in issuing the permit is due to the large number
of permit applications that the government is reviewing
because of the high level of exploration activity in Peru.
Century is also finalizing the application of the other
exploration permits for the San Juan exploration block.
The Company continues to recruit senior and project
level staff in Peru to properly conduct the exploration
program so that a technical report can be produced
to NI 43-101 standards of compliance.
A widely spaced reconnaissance sampling program has
commenced on the Santa Clarita porphyry Cu-Au target
and age date samples have been collected on
the Erika porphyry property to investigate its relationship
to the Paleocene porphyry belt of southern Peru.
The San Juan Mine -
has taken delivery of new mining equipment including a
larger compressor to facilitate mining in the Mercedes vein.
Progress in Sigma pit
The Sigma Mine -
in Quebec has reached several milestones in terms of daily
production and sustained total production in September.
Over 1.0 million tonnes of total material (ore and waste)
were moved from the Sigma pit in September, an increase
of 15% from August.
The fourth and final 100-ton haul truck was delivered
in the last week of September. Over 40,000 tonnes per day
of total material have been removed from the pit during
the last two weeks.
Margaret Kent, President and CEO commented,
"We share shareholders' frustrations over the continued
delays while we wait for the exploration permit to be
issued before we can start our exploration program at
the San Juan Mine.
Our staff in Peru are working diligently with the
Ministry of Mines to expedite the approval process.
We also experienced delays at Sigma in receiving the four
new haul trucks.
The first truck was not delivered until mid-July.
The amount of total material we have moved from the pit on
a monthly basis has increased by 65% from June till the end
of September.
We are pleased with the significant improvement in
operations at the Sigma pit.
The new haul trucks and the new RC drill will facilitate
the implementation of our long-term mine plan and achievement
of production targets over the life of the mine."
About Century Mining Corporation
The Company forecasts total gold production of 85,000 ounces
of gold at a cash cost of approximately US$385 an ounce
from its Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in southwestern
British Columbia;
nine precious metals exploration properties located on
the historic Juneau Gold Belt in Alaska;
and production and 23,000 ha of exploration properties
in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information ---
Management's Discussion and Analysis and in other filings
made by us with Canadian securities regulatory authorities
and available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Brant Jones
Manager of Investor Relations
(877) 284-6535 or (360) 332-4653
Email: bjones@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(877) 284-6535 or (360) 332-4653
(360) 332-4652 (FAX)
Email: geacott@centurymining.com
Website: www.centurymining.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of
this press release.
Source: CCN Matthews (October 5, 2006 - 3:35 PM EST)
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Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
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.
Century to Host Conference Call on Wednesday, May 31 -
Century to Host Conference Call on Wednesday, May 31 -
BLAINE, WASHINGTON, May 29, 2006
(CCNMatthews via COMTEX News Network) --
Century Mining Corporation -
(TSX VENTURE:CMM)
- announces that it will host a conference call
on Wednesday, May 31 at 10:00 a.m. Pacific time
(1:00 p.m. Toronto time).
Margaret Kent, President and C.E.O., -
and members of Century's management team will
discuss:
- First quarter financial and operating results.
- Operating improvements at the Sigma Mine.
- Underground development at the Lamaque Mine.
- Update on San Juan Gold Mines.
The presentation will be followed by a question
and answer period.
Mining analysts, investors and the media are invited
to phone 1-800-779-0712,
or 1-312-470-7109
- if outside north America, followed by
the pass code 12567 at 9:55 a.m.
Pacific time (12:55 p.m. Toronto time) on
Wednesday, May 31, 2006.
A replay of the conference call can be heard
until June 7 by dialing
1-800-294-0991,
or from outside North America -
1-402-220-9753.
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of Gold -
at a cash cost of US$325 to US$350 an ounce
from its Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of
the Securities Exchange Act of 1933 and as amended
in Section 27E of the 1934 Act.
SOURCE:
Century Mining Corporation -
Century Mining Corporation -
Tom Thomsen Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott Vice President,
Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
or info@centurymining.com
http://www.centurymining.com
Century Mining Rep. Oper. Profit - Sigma Mine -
Century Mining Reports Operating Profit
at Sigma Mine
in the First Two Quarters After Start-Up
Monday May 1, 8:25 pm ET
BLAINE, WASHINGTON--(CCNMatthews - May 1, 2006) -
Century Mining Corporation -
(TSX VENTURE:CMM - News) is pleased to
announce its financial and operating
results for the year ended
December 31, 2005 and report on a number
of positive initiatives in the first four
months of this year.
In 2005
- Commenced start-up and commercial production
at Sigma Mine
- Operating profit of $1.8 million from Sigma
mining operations, before royalty expenses
and depreciation, amortization and accretion
- Produced 45,158 ounces of gold at Sigma Mine
in the first two quarters of production at
a start-up cash cost of US$410 per ounce --
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Welcome to the Century Mining discussion boards
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