Mineros Receives Environmental Permits for its Nechí Alluvial Property in Colombia
Mineros Receives Environmental Permits for its Nechí Alluvial Property in Colombia
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
Medellin, Colombia – October 22, 2021 – Mineros S.A. (BVC: MINEROS) (“Mineros” or the
“Company”) announced today that the National Authority of Environmental Licenses (Autoridad
Nacional de Licencias Ambientales) of Colombia (“ANLA”) has granted all outstanding
environmental permits for the Company’s 100%-owned Nechí Alluvial Property (the “Nechí
Property”).
Through ANLA Resolution 01858 of October 19, 2021, ANLA approved the Company’s
previously-submitted application to amend the Nechí Property environmental management plan,
granting environmental permits sufficient to support planned operations within the 141.63 hectare
area covered by the environmental management plan amendments. These permits cover the area
designated as Stage 1.5 in Figure 1, below. Mineros anticipates that it will start operations in these
areas in 2022. During the last two months of 2021, Mineros plans to submit a new request to
amend the Nechí Property environmental management plan to secure permits for the area
covered by Stage 2, as shown in Figure 1. The permits for Stage 1.5 which were just received are
consistent with what was contemplated as being required at this time under the current mineral
reserve life of mine plan for the Nechí Property.
Figure 1 – Nechí Property Permitting Area Overview
The scientific and technical information in this press release has been reviewed and approved by
Mr. Sean Horan, P.Geo., SLR Principal Geologist, independent of Mineros. By virtue of his
education and relevant experience, Mr. Horan is “Qualified Person" for the purpose of National
Instrument 43-101.
ABOUT MINEROS S.A.
Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The
Company has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a
pipeline of development and exploration projects throughout the region.
The board of directors and management of Mineros have extensive experience in mining,
corporate development, finance and sustainability. Mineros has a long track record of maximizing
shareholder value and delivering solid annual dividends. For almost 50 years Mineros has
operated with a focus on safety and sustainability at all our operations. Mineros’ common shares
are listed on the Colombian Stock Exchange (BVC) under the symbol “MINEROS”.
For further information, please contact:
Fiona Childe
(647) 496-3011
or:
Patricia Ospina
(574) 2665757
relació[email protected]
Forward-Looking Statements
This news release contains forward–looking information within the meaning of applicable
securities legislation, which reflects Mineros’ current expectations regarding future events
including expected applications for and receipt of regulatory approvals, and the expected
sufficiency of such regulatory approvals to support operations at the Nechí Property. Forward-
looking information is based on a number of assumptions and is subject to a number of risks and
uncertainties, many of which are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include, but are not limited to, changes in market
conditions or the price of gold, changes in the Company’s operating plans; regulatory changes
may restrict the Company’s operations or result in the revocation of permits; and the Company
may fail to obtain, renew, or maintain in effect necessary regulatory approvals. Mineros does not
undertake any obligation to update such forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly required by applicable law.