TORONTO , Aug. 2, 2014 /CNW/ - Scorpio Mining Corporation (SPM.TO)
("Scorpio Mining" or the "Company") regrets to report that, on the
evening of July 31 st, an employee of a contractor was fatally injured when the dump truck he
was driving in the Nuestra Señora Mine backed up into an open stope.
Upon knowledge of the tragic accident, all underground activities,
except emergency requirements, were immediately suspended and
authorities were notified. Rescue teams were immediately dispatched to
the area to render emergency assistance.
Senior operations management is working with government authorities to
thoroughly investigate the accident. The Company will also conduct its
own review of the incident and implement any additional safety measures
recommended to prevent a similar incident occurring in the future.
Pierre Lacombe , CEO and President of Scorpio stated, "We are deeply
saddened by this tragic accident and we extend our heartfelt
condolences to the family, friends and colleagues of the deceased.
Safety is the top priority for the Company and we will ensure this
accident is fully investigated and all necessary steps taken to protect
the safety of our employees and contractors."
About Us
Scorpio Mining Corporation is a silver producer operating in Mexico with
significant base metal by-product credits. The 100% owned Nuestra
Señora Mine located in the Cosalá District of state of Sinaloa , has
flexible mining methods and diversified metal production. It has a
fully mechanized underground operation and a 1,600 tonnes per day
processing facility with permitted capacity for expansion to 4,000
tonnes per day. The plant produces zinc, copper and lead concentrates,
with a significant payable silver component in the copper and lead
concentrates.
In addition, the Company has numerous exploration targets in the
vicinity of its current operations as well as the advanced El Cajón and
San Rafael development projects. The Company's strategy for near-term
growth is currently focused on mine development of the El Cajón
deposit.
Scorpio Mining's President and CEO, Mr. Pierre Lacombe, Eng., is a
Qualified Person as defined under National Instrument 43-101 and has
reviewed and approved the content of this release.
ON BEHALF OF SCORPIO MINING CORPORATION
Pierre Lacombe
President & CEO
This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Forward-looking statements include,
but are not limited to, statements with respect to the Company's
operations, exploration and development plans, expansion plans,
estimates, expectations, forecasts, objectives, predictions and
projections of the future. Generally, these forward-looking statements
can be identified by the forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "projects", "intends", "anticipates", or "does not
anticipate", or "believes", or "variations of such words and phrases or
state that certain actions, events or results "may", "can", "could",
"would", "might", or "will" be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Scorpio Mining
Corporation to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to: risks
related to the exploration and development and operation of the
Company's projects in Mexico , risks related to international
operations, construction delays and cost overruns, the actual results
of current exploration, development and construction activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, future prices of silver, zinc, copper,
lead and gold, risks relating to completing acquisition transactions as
well as those factors discussed in the sections relating to risk
factors of our business filed in Scorpio Mining Corporation's required
securities filings on SEDAR, including its Annual Information Form
dated March 18, 2014 . Although Scorpio Mining Corporation has attempted
to identify important factors that could cause results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. Scorpio Mining
Corporation does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with
applicable securities laws.
SOURCE Scorpio Mining Corporation