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Criando relações “ganha-ganha”: a Techking utiliza três alavancas para fazer parceria com fabricantes ao se internacionalizar

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PEQUIM, 29 de abril de 2021 /PRNewswire/ — Em 26 de março, a Techking organizou, em Pequim, a Conferência de Intercâmbio de Comercialização e Serviços Localizados no Exterior. Com o tema “Indo para o exterior: cooperação e ganha-ganha”, o foco do evento foi a maneira como as empresas da cadeia industrial de maquinários de engenharia trabalham juntas ao se internacionalizarem. Mais de 30 empresas participaram da conferência, incluindo Rio Tinto, Lafarge, China Molybdenum Co., Ltd. e China Railway Group Limited, além de fabricantes de maquinários de engenharia como XCMG Group e Shaanxi Tonly Heavy Industries Co., Ltd. O secretário geral da China Construction Machinery Association (Associação de Maquinários de Construção da China, CCMA), Wu Peiguo, o Rubber Institute (Instituto da Borracha) e Ma Liangqing, diretor do The Chemical Industry and Engineering Society of China (Sociedade de Indústria Química e Engenharia da China, CIESC), também foram convidados.

O Sr. Wu e o Sr. Ma compartilharam percepções do ponto de vista do desenvolvimento industrial e concordaram que a recuperação econômica mundial e a iniciativa One Belt One Road geraram oportunidades históricas para as empresas nas cadeias a montante e a jusante do setor chinês de maquinários de engenharia, permitindo que trabalhassem juntas na exploração do mercado global. No entanto, deve-se prestar atenção às questões de entrega de produtos e resposta de serviços nos mercados estrangeiros, devido à limitação geográfica e outros fatores.

Tech Wang, presidente da Techking, declarou que a empresa está empregando três alavancas – produtos, ecossistema de canais e serviços profissionais – e cooperando com fabricantes na expansão global.

A Techking continua atuando na P&D de pneus personalizados, trabalhando em estreita colaboração com usuários e fabricantes e atendendo às demandas diferenciadas dos clientes; com relação a canais de produtos, a Techking aproveita suas subsidiárias e escritórios de representação no exterior para construir um ecossistema de alianças industriais com clientes por meio de canais compartilhados, plataformas públicas e promoção conjunta; no que diz respeito aos sistemas de serviços profissionais, a Techking exige que suas subsidiárias, escritórios e agentes representantes em países importantes resolvam problemas relacionados a serviços em até 24 horas e começa a implementar os Centros de Serviços Techking (TSC).

A Techking já atendeu empresas nos setores de mineração e construção em mais de 160 países e presta serviços de suporte a quase 40 fabricantes, incluindo SANY, Liebherr, Terex Group, XCMG, Zoomlion e Sandvik Group. Suas principais contas incluem gigantes líderes globais das indústrias de mineração e construção, como Rio Tinto, Glencore, BHP e Zijin Mining.

O presidente Wang disse que a Techking continuaria a fortalecer as três alavancas em virtude de suas vantagens competitivas e a promover parcerias industriais com empresas a montante e a jusante na cadeia; com forte colaboração e valores compartilhados, a visão de “ganha-ganha” na internacionalização poderia ser alcançada.

FONTE Techking Tires Limited

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SOURCE Techking Tires Limited

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SilverCrest Reports Q1 2021 Financial Results and Update

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TSX: SIL | NYSE American: SILV

VANCOUVER, BC, May 12, 2021 /PRNewswire/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to report the Company’s unaudited financial results for the three months ended March 31, 2021, and an update on construction and exploration activities at the Company’s Las Chispas Project (“Las Chispas”) located in Sonora, Mexico. The unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the three months ended March 31, 2021 are available under the Company’s SEDAR profile on www.sedar.com or on SilverCrest’s website www.silvercrestmetals.com. All amounts herein are presented in United States Dollars, unless otherwise stated.

Highlights – Q1 2021 and Subsequent Events

  • On February 2, 2021, the Company announced positive results from a feasibility study (the “Feasibility Study”) for the Las Chispas Project. Details of the Feasibility Study, including an updated Mineral Resource Estimate and an initial Mineral Reserve Estimate, are provided in a technical report filed under the Company’s SEDAR profile entitled, “NI 43-101 Technical Report & Feasibility Study on the Las Chispas Project” with an effective date of January 4, 2021 (the “Technical Report”). The Technical Report was prepared by Ausenco Engineering Canada Inc. and its affiliate (together as “Ausenco”) with the assistance of several other independent engineering companies and consultants.
  • The Company estimates that the initial capital cost (estimated at $137.7 million) and construction schedule (from January 1, 2021 to end of construction projected to be in H1, 2022) outlined in the Feasibility Study for the Las Chispas Project, remain valid.
  • Overall, the Project is on schedule and on budget. As of March 31, 2021, the construction progress estimate was 14.3% (Q1 2021 target of 10.9%) and aggregate construction costs of $27.7 million (or 20.1% of $137.7 million) were recorded under mineral property, plant and equipment. These costs include certain payment advances to vendors for which the related construction at Las Chispas may not have been completed as of March 31, 2021. Construction activities included; mobilization of the Ausenco Team on-site, concrete work on foundations, completion of mechanically stabilized earth (“MSE”) wall for crusher installation, procurement of major long lead equipment, underground development progress, and improvement of underground ventilation.
  • During Q1, 2021, the Company completed 33,382 metres of in-fill and expansion drilling, and 2.0 kilometres of underground decline development including in-vein drifting. The Company also stockpiled an additional estimated 18,000 tonnes of mineralized material at grades estimated to be in-line with the Las Chispas Feasibility Study Mineral Reserve Estimate.
  • On February 22, 2021, the Company, using its base shelf prospectus previously filed on June 9, 2020, completed a bought deal prospectus offering of a total of 15,007,500 common shares at a price of $9.20 per common share for gross proceeds of $138.1 million.
  • As at April 30, 2021, SilverCrest is well funded with cash and cash equivalents of $218.0 million and $90.0 million available under a Credit Facility.

COVID-19 Update

The Company continues to adjust to the unprecedented COVID-19 conditions. In May 2020, the Company installed a fully confined temporary camp with a capacity for 160 essential persons to continue its exploration, underground development, and construction of early works with the objective of limiting potential exposure of personnel and nearby communities to the virus. Before entering the confined camp, all persons are tested for COVID-19 (rRT-PCR test) and following receipt of negative tests, are transported to site using strict health and safety protocols. Once on site, all appropriate COVID-19 related protocols are enforced. As of March 31, 2021, the Company incurred approximately $5.9 million of cumulative expenditures related to COVID-19, the majority of which were for the construction and operation of the new fully confined camp at Las Chispas and for providing assistance with medical needs in the local communities. During Q1, 2021, the Company completed Phase 1 (320 rooms) construction of the new 520 single occupancy room camp and expects the construction to be completed in Q2, 2021.

Las Chispas

During Q1, 2021, the Company completed 33,382 metres of drilling. As of March 31, 2021, the Company had drilled an estimated cumulative 508,213 metres (1,891 drill holes) since inception of the Las Chispas Project.

During Q1, 2021, the Company completed approximately 2.0 kilometres of underground decline and lateral drifting, including 717 metres of in-vein drifting, and stockpiled an additional estimated 18,000 tonnes of mineralized material at grades estimated to be in-line with the Las Chispas Feasibility Study Mineral Reserve Estimate. By the end of March, 2021, cumulatively, the Company had completed approximately 10.9 kilometres of underground workings, including 2.1 kilometres of in-vein drifting.

For 2021, the Company has budgeted to incur approximately $113.7 million of the estimated initial capital costs of $137.7 million (see Technical Report). Overall, the Las Chispas Project construction is on schedule and on budget. During Q1, 2021, the construction progress estimate was 14.3% (compared to Q1, 2021 target of 10.9%) and aggregate construction costs of $27.7 million (or 20.1% of $137.7 millions) were recorded under mineral property, plant and equipment. The Company’s Q1, 2021 progress on its 2021 planned construction and development activities are as follows:

2021 Planned construction

Q1 Progress

Completion of detailed engineering;

Detailed engineering has been progressing well and is expected to be substantially completed during Q2, 2021.

Advancing process plant construction;

Mobilized Ausenco team on-site, awarded the majority of procurement orders, substantially completed earthworks, and initiated concrete work in the grinding, leaching and counter-current decantation (“CCD”) areas.

Start of construction of electrical grid powerline; 

Completed the right-of-way contracts, signed contract with Comisión Federal de Electricidad (“CFE”) and presented detailed engineering to CFE.

Upgrade of main access road and bridge construction;

Initiated work on both the access road and the bridge.

An additional 6,800 metres of underground development;

Completed 1,298 metres of waste development and 717 metres of in-vein drifting.

Underground infrastructure work and stockpile growth; and

Progressed planning on underground infrastructure, installed twin surface ventilation fans in the Babi Main area and stockpiled additional mineralized material.

Commencement of tailings facility construction.

Finalized contract and commenced detailed engineering.

Las Chispas Expenditures

During Q1, 2021, the Company recorded $12.1 million under mineral properties for the Las Chispas Project, which primarily consisted of:

  • decline construction and underground working of $5.2 million;
  • drilling expenses of $2.8 million;
  • salaries and remuneration of $1.0 million; and
  • field and administrative costs of $1.8 million.

The Company also recorded additions, during Q1, 2021, of $21.1 million for cumulative expenditures of $50.0 million under construction in progress related to the Las Chispas Project.

El Picacho

The Company completed 18,237 metres of drilling at Picacho during Q1, 2021 and incurred a total of $2.0 million for the Picacho property under exploration and evaluation expenditures. As of March 31, 2021, the Company had drilled an estimated cumulative 24,059 metres (84 drill holes) since acquiring the Picacho property in 2020.

Financial Results

At March 31, 2021, the Company held $226.0 million as cash and cash equivalents. The primary factors that contributed to the increase in cash and cash equivalents from December 31, 2020 to March 31, 2021 include $131.2 million generated by financing activities net of associated costs, including the completion of a bought deal prospectus offering on February 22, 2021, for $138.1 million and the exercise of stock options. These cash inflows were offset by $30.8 million paid towards mineral property, plant, and equipment. Furthermore, the cash inflows were also offset by $11.7 million paid on the Company’s operating activities, which was primarily made up of $2.0 million incurred on the exploration program at Picacho, $3.2 million paid on accounts payable and accrued liabilities and $3.1 million paid on net value-added taxes.

During the three months ended March 31, 2021, comprehensive loss was $12.7 million (Q1, 2020 – $12.4 million).

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas Project and is proceeding with mine construction. Startup of production at the Las Chispas Mine is targeted for mid-2022. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS 
This news release contains “forward-looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company’s exploration programs at the Las Chispas Project and the Picacho Property and the start up of production at the Las Chispas Mine by mid-2022. Such forward looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. 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.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc. 

SOURCE SilverCrest Metals Inc.

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Ascend s’engage à réduire ses émissions de GES de 80 % d’ici 2030

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Le rapport, intitulé Empowered People, présente des histoires d’employés d’Ascend qui ont levé la main et fait la promotion d’une initiative durable. Mentionnons entre autres les efforts de promotion de la diversité et de l’inclusion de Rachell Gold, et ceux d’Andy Leigh qui a conçu des produits de polyamide recyclé post-industriels et post-consommation.

« Dans notre rapport de 2018, nous avons indiqué que nous avions la responsabilité de montrer la voie à l’industrie dans le domaine du développement durable, a déclaré Chris Johnson, directeur du développement durable d’Ascend. Malgré les défis auxquels nous avons été confrontés en 2020, le personnel d’Ascend a joué un rôle actif dans la progression des efforts de l’entreprise. »

En plus des exemples de réussite de nos employés, le rapport décrit en détail les initiatives et innovations de l’entreprise en matière de développement durable.

« Notre rapport met en avant les efforts que nous déployons pour concrétiser cet engagement, a déclaré M. Johnson. « Qu’il s’agisse duprojet de réduction des émissions d’oxyde nitreux à Pensacola, en Floride, de notre contrat d’achat d’énergie solaire pour notre usine de Chocolate Bayou, au Texas, ou de nos unités de cogénération de Decatur, en Alabama, nous investissons des sommes considérables afin de réduire notre empreinte de gaz à effet de serre. »

« Le rapport reflète l’énoncé de mission d’Ascend, celui de créer des matériaux de haute performance qui améliorent la qualité de vie et inspirent un avenir meilleur, que l’entreprise a annoncé l’an dernier, a déclaré Phil McDivitt, PDG d’Ascend. Le développement durable est au cœur de notre raison d’être, et il est réjouissant de voir notre entreprise évoluer aussi rapidement dans le cadre de cet effort essentiel. »

Le rapport d’Ascend sur la durabilité peut être consulté à l’adresse ascendmaterials.com/sustainability.

À propos d’Ascend Performance Materials
Ascend Performance Materials fabrique des produits de haute performance servant à la fabrication d’articles de première nécessité quotidiens et de nouvelles technologies. Notre objectif premier est d’améliorer la qualité de vie et d’inspirer un avenir prometteur au moyen de l’innovation. L’entreprise établie à Houston, au Texas, et qui a des bureaux régionaux à Shanghai, à Bruxelles et à Détroit, est un fournisseur de solutions matérielles entièrement intégrées qui compte neuf installations de fabrication à l’échelle mondiale aux États-Unis, en Europe et en Chine. Notre main-d’œuvre mondiale de 2 600 employés fabrique les plastiques, les tissus, les fibres et les produits chimiques utilisés dans la conception de véhicules plus sécuritaires, d’énergies plus propres, de dispositifs médicaux plus efficaces, d’appareils plus intelligents, et de vêtements et de biens de consommation plus durables. Nous sommes déterminés à veiller à la sécurité, à la pérennité et à la réussite de nos clients et de nos collectivités.

Pour en savoir plus sur Ascend, consultez le site www.ascendmaterials.com.

Contact : Ally Jahn, +1 713-210-9809, [email protected]  

Photo – https://mma.prnewswire.com/media/1508069/Ascend_Performance_Materials_SR_Cover.jpg

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SOURCE Ascend Performance Materials

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Pan American Silver provides drill results and a project update for the La Colorada Skarn deposit

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VANCOUVER, BC, May 12, 2021 /PRNewswire/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today provided results for 28 additional holes drilled at the La Colorada skarn deposit and an update of the project development. 

“Definition drilling continues to add confidence and scope to the skarn deposit, confirming wide, high-grade zones with intercepts up to 277 metre drill widths. Geological and resource modeling are currently underway to provide the foundation for a preliminary economic assessment,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.  “The 65,000 metre annual drill program prioritizes infill drilling during the first half of 2021, moving to step-out and exploration drilling in the second half of the year.”

Pan American is advancing the La Colorada skarn project, targeting to complete a preliminary economic assessment (“PEA”) technical report by the end of 2021.  In addition to surface and underground infill diamond drilling, Pan American is commencing geotechnical, ventilation, backfill, geochemistry, and hydro geology field evaluations along with mine, plant and infrastructure design studies with a number of specialized engineering firms. Metallurgical tests continue to demonstrate favourable flotation results and environmental baseline studies are ongoing.

Pan American has submitted permit applications for certain site infrastructure projects that will assist in advancing the skarn project beyond the PEA which, in some cases, will also simultaneously benefit the existing La Colorada mine operations.  These include projects such as camp expansions, access road upgrades, potential underground access ramp and shaft excavation entrances, ventilation systems and mine cooling to address the rock temperatures that increase with depth.

Drill highlights include:

  • D-30-08-20: 115.25 m at 60 g/t Ag, 0.22% Cu, 3.37% Pb and 6.57% Zn
  • D-30-09-20: 189.75 m at 60 g/t Ag, 0.14% Cu, 2.97% Pb and 6.29% Zn
  • including 38.30 m at 92 g/t Ag, 0.21% Cu, 4.80% Pb and 7.26% Zn
  • including 52.15 m at 82 g/t Ag, 0.16% Cu, 4.25% Pb and 11.81% Zn
  • D-30-12-20: 45.20 m at 48 g/t Ag, 0.18% Cu, 3.12% Pb and 5.83% Zn
  • D-30-13-21: 52.10 m at 40 g/t Ag, 0.27% Cu, 1.06% Pb and 4.09% Zn
  • D-30-14-21: 57.75 m at 93 g/t Ag, 0.28% Cu, 6.87% Pb and 10.72% Zn
  • U-40-20: 98.05 m at 84 g/t Ag, 0.16% Cu, 4.85% Pb and 6.16% Zn
  • including 70.25 m at 109 g/t Ag, 0.18% Cu, 5.96% Pb and 7.24% Zn
  • S-01-21: 145.30 m at 55 g/t Ag, 0.23% Cu, 3.51% Pb and 5.95% Zn
  • D-81-04-20: 109.20 m at 70 g/t Ag, 0.20% Cu, 1.58% Pb and 5.64% Zn
  • U-34-20: 218.30 m at 41 g/t Ag, 0.26% Cu, 1.49% Pb and 2.99% Zn
  • including 32.50 m at 57 g/t Ag, 0.38% Cu, 2.20% Pb and 4.24% Zn
  • D-57-08-20: 137.45 m at 31 g/t Ag, 0.10% Cu, 1.92% Pb and 3.55% Zn
  • including 38.75 m at 81 g/t Ag, 0.22% Cu, 4.58% Pb and 7.91% Zn
  • D-107-03-20: 98.10 m at 79 g/t Ag, 0.15% Cu, 0.29% Pb and 2.96% Zn
  • S-65-20: 206.10 m at 28 g/t Ag, 0.10% Cu, 1.45% Pb and 3.13% Zn
  • S-67-A-20: 277.15 m at 26 g/t Ag, 0.14% Cu, 1.86% Pb and 3.76% Zn

Highlights of recent drilling:

  • 22,567 metres drilled over the last seven months; 80% of drilling focused on infill definition and 20% on exploration testing the skarn limits.
  • Several holes in the northern and western part of the skarn, such as D-107-03-20 or U-40-20, have returned significantly higher-grade silver than the average inferred resource silver grade.
  • Hole D-81-04-20 is a 100 metre step-out, which extends the northern portion of the skarn resource that remains open for further expansions.
  • Seven surface infill holes (D-30-08/09/10/11A/12/13 and 14) confirm continuity of the high-grade core of the skarn.
  • Underground drillhole U-40-20 extends mineralization to the west and to depth with a high-grade massive sulphide intercept of 70.25 metres at 109 g/t Ag, 0.18% Cu, 5.96% Pb and 7.24% Zn.
  • Infill hole D-57-08-20 located 80 metres east of U-40-20 extends mineralization to depth in the west portion of the resource.
  • Infill hole S-01-21 increases potential to the east with massive sulphide mineralization of 145 metres at 55 g/t Ag, 3.51% Pb and 5.95% Zn.

SUMMARY OF DRILL RESULTS

The following table provides the drill results for the La Colorada skarn deposit for the second half of 2020 and the first quarter of 2021. Previous drill results are not included in this table (see Pan American’s news releases dated October 23, 2018, February 21, 2019, May 8, 2019, August 1, 2019, October 30, 2019, February 13, 2020 and August 4, 2020 for previous drill results).

Please see our website at: panamericansilver.com for further information, including cross sections, plan and images of the mineralized core.

Hole No.

From (m)

To (m)

Interval (m) (1)

Ag g/t

Cu %

Pb %

Zn %

D-107-03-20

1287.85

1385.95

98.10

79

0.15

0.29

2.96

D-30-07-20

1100.50

1105.80

5.30

89

0.62

5.08

14.30

D-30-08-20

1048.55

1163.80

115.25

60

0.22

3.37

6.57

D-30-09-20

985.40

1175.15

189.75

60

0.14

2.97

6.29

incl.

985.40

1023.70

38.30

92

0.21

4.80

7.26

incl.

1116.80

1168.95

52.15

82

0.16

4.25

11.81

D-30-11-A-20

1071.35

1122.85

51.50

51

0.19

2.57

3.56

incl.

1092.80

1121.25

28.45

79

0.29

4.23

5.19

D-30-12-20

955.65

1000.85

45.20

48

0.18

3.12

5.83

D-30-13-21

961.90

1014.00

52.10

40

0.27

1.06

4.09

incl.

961.90

973.70

11.80

109

0.84

1.92

10.49

D-30-14-21

993.65

1051.40

57.75

93

0.28

6.87

10.72

and

1098.50

1112.70

14.20

46

0.33

2.20

3.89

and

1178.55

1196.55

18.00

58

0.52

2.09

4.27

D-57-07-20

1174.80

1192.45

17.65

61

0.06

1.97

2.60

D-57-08-20

1070.50

1207.95

137.45

31

0.10

1.92

3.55

incl.

1070.50

1109.25

38.75

81

0.22

4.58

7.91

D-59-01-21

959.20

1010.55

51.35

80

0.32

2.35

6.46

incl.

991.10

1010.55

19.45

155

0.51

3.61

9.33

and

1062.90

1076.90

14.00

131

0.01

2.18

2.34

and

1278.00

1371.85

93.85

53

0.29

0.36

3.51

D-59-02-21

1303.40

1360.50

57.10

56

0.13

0.75

3.68

D-81-04-20

1115.50

1224.70

109.20

70

0.20

1.58

5.64

D-95-02-20

1386.40

1393.70

7.30

112

0.14

2.97

2.16

and

1442.45

1466.45

24.00

53

0.38

4.39

9.31

D-95-02-R-20

1637.10

1638.35

1.25

395

6.13

2.31

0.68

S-32-B-20

833.85

841.80

7.95

337

0.97

10.40

16.19

and

845.35

851.25

5.90

1016

1.35

13.91

23.38

and

918.20

928.70

10.50

48

0.12

1.98

4.83

S-59-20

1222.75

1367.45

144.70

27

0.09

0.51

2.79

and

1508.75

1571.30

62.55

80

0.91

0.32

0.62

S-61-20

1457.75

1612.70

154.95

36

0.20

1.42

2.59

incl.

1502.50

1544.85

42.35

47

0.34

2.87

3.37

S-65-20

638.05

644.10

6.05

279

1.21

3.76

3.68

and

967.30

1034.70

67.40

21

0.05

1.63

2.37

and

1152.95

1359.05

206.10

28

0.10

1.45

3.13

incl.

1166.95

1203.00

36.05

55

0.19

2.48

5.20

and

1390.55

1435.25

44.70

84

0.22

1.01

3.46

S-67-20

581.00

584.40

3.40

559

0.42

1.24

0.04

S-67-A-20

1240.85

1518.00

277.15

26

0.14

1.86

3.76

incl.

1408.45

1427.65

19.20

61

0.22

4.40

9.76

incl.

1448.60

1470.10

21.50

55

0.35

5.32

7.29

U-34-20

541.00

759.30

218.30

41

0.26

1.49

2.99

incl.

615.90

648.40

32.50

57

0.38

2.20

4.24

and

843.95

853.50

9.55

108

0.15

2.38

5.73

U-35-20

248.30

272.30

24.00

58

0.13

4.43

8.71

U-36-20

321.00

348.65

27.65

33

0.23

0.62

2.20

U-39-20

241.65

254.15

12.50

90

0.18

2.24

6.56

U-40-20

726.50

824.55

98.05

84

0.16

4.85

6.16

incl.

726.50

796.75

70.25

109

0.18

5.96

7.24

S-01-21 (2)

989.10

999.90

10.80

37

0.24

1.94

4.08

and

1049.20

1194.50

145.30

55

0.23

3.51

5.95

(1)

True widths of the mineralized intervals are unknown at this time.

Drillhole S-01-21 reporting is on partial assay results


(2)


No significant results were registered in drillhole D-30-11-20

La Colorada Skarn – Drill Hole Collar Information

Drill Hole ID

East Local

North Local

Elevation

Length (m)

Azimuth Avg (0)

Dip Avg

D-107-03-20

5055.2

5613.0

1700.2

602.5

99

-84

D-30-07-20

5454.8

5461.4

1878.4

476.0

95

-83

D-30-08-20

5454.8

5461.6

1857.5

465.4

229

-83

D-30-09-20

5454.8

5462.1

1836.6

534.0

290

-82

D-30-11-20

5455.9

5461.7

1981.6

176.0

135

-88

D-30-11-A-20

5455.7

5461.6

1965.2

676.1

161

-87

D-30-12-20

5454.2

5461.1

1850.0

592.8

299

-82

D-30-13-21

5452.8

5460.9

1796.0

692.0

315

-81

D-30-14-21

5453.8

5460.0

1817.0

791.5

308

-79

D-57-07-20

4886.1

5066.7

1742.2

835.9

187

-83

D-57-08-20

4886.6

5067.1

1756.2

950.8

272

-83

D-59-01-21

5234.7

5502.9

1672.2

665.3

299

-83

D-59-02-21

5231.1

5503.8

1619.3

572.5

321

-77

D-81-04-20

5807.8

5773.3

1858.3

782.1

119

-82

D-95-02-20

5388.1

5129.1

1743.8

683.7

310

-85

D-95-02-R-20

5375.4

5171.5

1329.1

742.9

342

-83

S-32-B-20

5805.0

5207.6

2482.0

1039.3

340

-78

S-59-20

5241.4

5503.7

2570.1

1652.8

247

-88

S-61-20

5278.8

5261.0

2564.1

1634.3

190

-89

S-65-20

5288.6

5435.9

2556.9

1651.8

198

-88

S-67-20

5286.5

5376.4

2555.7

592.3

196

-90

S-67-A-20

5286.5

5376.4

2555.7

1067.7

214

-89

U-34-20

5258.5

5415.6

1999.0

853.5

118

-79

U-35-20

5175.3

5518.3

1998.1

511.0

45

-78

U-36-20

5124.1

5202.0

2031.4

672.0

30

-84

U-39-20

5174.8

5516.5

1997.7

266.8

83

-89

U-40-20

4843.0

5323.0

1995.0

1047.7

180

-83

S-01-21

5365.7

5404.4

2538.8

1338.7

0

-90

Total length:

22,567.2



Inferred Mineral Resource Estimate

On August 4, 2020, Pan American announced an updated inferred mineral resource estimate for its La Colorada skarn deposit of 100.4 million tonnes with grades averaging 44 g/t silver, 0.20% copper, 1.77% lead and 4.29% zinc, and containing 141.0 million ounces of silver, 4.3 million tonnes of zinc, 1.8 million tonnes of lead, and 199 thousand tonnes of copper using a cut-off value of US$60 per tonne after accounting for transportation, smelting and refining costs. Please see our news release dated August 4, 2020 for further details.

General Notes with Respect to Technical Information

Grades are shown as contained metal before mill recoveries are applied. All samples provided in this news release were prepared and analyzed by SGS in Durango, Mexico using acid digestion with ICP finish for silver, lead, zinc, and copper. Pan American implements a quality assurance and quality control (“QAQC”) program including the submission of certified standards, blanks, and duplicate samples to the laboratories. The results of the QAQC samples submitted to SGS demonstrate acceptable accuracy and precision.  The Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed for the samples are sufficient and reliable for the purpose of any future mineral resource and mineral reserve estimates. Pan American is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data reported herein. SGS is independent from Pan American.

Mineral reserves and mineral resources are as defined by the Canadian Institute of Mining, Metallurgy and Petroleum.

Pan American reports mineral resources and mineral reserves separately. Reported mineral resources do not include amounts identified as mineral reserves. Mineral resources that are not mineral reserves have no demonstrated economic viability. No mineral reserves have yet been estimated for the skarn deposit.

See the Company’s Annual Information Form dated February 17, 2021, available at www.sedar.com for further information concerning QAQC and data verification matters, the key assumptions, parametres and methods used by the Company to estimate mineral reserves and mineral resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company’s business and the potential development of the Company’s mineral reserves and resources.

Technical information contained in this news release with respect to Pan American has been reviewed and approved by Christopher Emerson, FAusIMM, Vice President Business Development and Geology, and Martin Wafforn, P.Eng., Senior Vice President Technical Services and Process Optimization, each of whom is a Qualified Person for the purposes of NI 43-101.

About Pan American Silver
Pan American is the world’s second largest primary silver producer, providing enhanced exposure to silver through a diversified portfolio of assets, large reserves and growing production. We own and operate mines in Mexico, Peru, Canada, Argentina and Bolivia. In addition, we own the Escobal mine in Guatemala that is currently not operating. Pan American has a 27-year history of operating in Latin America, earning an industry-leading reputation for operational excellence and corporate social responsibility. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol “PAAS”.
Learn more at panamericansilver.com.

Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute “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 provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the anticipated exploration and other development programs at the Company’s La Colorada properties, together with the investment, nature, implementation and timing thereof; the timing for, and anticipated results of, any exploration programs; the potential generation of minerals and the quality thereof; the ability of the Company to complete a PEA, and the timing and any results thereof; whether the skarn deposit will ever result in a new mine at La Colorada and, if so, the timing for the same.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and mineral resource estimates and the assumptions upon which they are based; ore grades and recoveries; prices for silver, gold, and base metals remaining as estimated; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); all necessary permits, licenses and regulatory approvals for the La Colorada mine are received in a timely manner; our ability to secure and maintain the surface rights necessary for our operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the duration and effects of the COVID-19 virus and any other pandemics on our operations and workforce, and the effects on global economies and society; fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar, Peruvian sol, Mexican peso, Argentine peso and Bolivian boliviano versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in Canada, the United States, Mexico, Peru, Argentina, Bolivia, Guatemala or other countries where the Company may carry on business, including legal restrictions relating to mining; risks relating to expropriation; risk of liability relating to our past sale of the Quiruvilca mine in Peru; diminishing quantities or grades of mineral reserves as properties are mined; increased competition in the mining industry for equipment and qualified personnel; and those factors identified under the caption “Risks Related to Pan American’s Business” in the Company’s most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management’s current views of our near and longer term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.

Cautionary Note to US Investors
This news release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (”NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this news release uses the terms ”measured resources”, ”indicated resources”, and ”inferred resources”. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. The requirements of NI 43-101 for identification of ”reserves” are not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as ”reserves” under SEC standards. Under U.S. standards, mineralization may not be classified as a ”reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part of a “measured resource” or “indicated resource” will ever be converted into a “reserve”. U.S. investors should also understand that “inferred resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of “inferred resources” exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated “inferred resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of “contained ounces” in a mineral resource is permitted disclosure under Canadian securities laws. However, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

SOURCE Pan American Silver Corp.

Related Links

http://www.panamericansilver.com

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Energy

Turquoise Hill Announces Results of Voting for Directors

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MONTREAL, May 12, 2021 /PRNewswire/ – Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSE:TRQ) (“Turquoise Hill” or the “Company“) today announced that the nominees set forth in its management proxy circular dated March 26, 2021 were elected as directors of Turquoise Hill. The detailed results of the vote for the election of directors held at the annual meeting of shareholders, which took place on May 12, 2021, are set out below.

Election of Directors

According to votes received, each of the following seven management nominees was elected as a director of Turquoise Hill to hold office until the Company’s next annual meeting of shareholders or until the director’s successor is elected or appointed, with the following results:

Name of Nominee

Votes For

% For

Votes Withheld

% Withheld

George Burns

143,281,680

88.96%

17,775,025

11.04%

R. Peter Gillin

129,988,745

80.71%

31,067,960

19.29%

Alfred P. Grigg

133,864,450

83.12%

27,192,255

16.88%

Stephen Jones

135,542,923

84.16%

25,513,782

15.84%

Russel C. Robertson

133,868,003

83.12%

27,188,702

16.88%

Maryse Saint-Laurent

134,154,570

83.30%

26,902,135

16.70%

Steve Thibeault

144,452,375

89.69%

16,604,330

10.31%

Final results on all matters voted on at the annual meeting of shareholders will be filed on SEDAR.

About Turquoise Hill Resources

Turquoise Hill is an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, which is the Company’s principal and only material mineral resource property. Turquoise Hill’s ownership of the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC (Oyu Tolgoi); Erdenes Oyu Tolgoi LLC (Erdenes), a Mongolian state-owned entity, holds the remaining 34% interest.

SOURCE TURQUOISE HILL RESOURCES LTD

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