Spanish Mountain Gold Partners with ANDRITZ for More Sustainable Mining
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910-1111 Melville Street
Vancouver, British Columbia, V6E 3V6
604.601.3651
Spanish Mountain Gold Partners with ANDRITZ
for More Sustainable Mining
Vancouver, B.C. , May 24, 202 4 - Spanish Mountain Gold Ltd. (the " Company" or " Spanish
Mountain Gold ") ( TSX-V: SPA | FSE: S3Y) is pleased to announce it has partnered with
international technology group ANDRITZ and BC Hydro (the province’s utility company) to
reduce the carbon intensity of its proposed Spanish Mountain G old project in the Cariboo
Gold Corridor near Likely, BC, Canada.
With the goal of building the most sustainable gold mine in Canada, Spanish Mountain Gold
will use ANDRITZ’s simulation software for process optimization, energy management, and
operator training.
Peter Mah, Spanish Mountain Gold’s President, CEO and Director comments, “We are very excited
to partner with ANDRITZ, a leading international technology company, who shares the same
values on sustainability as Spanish Mountain Gold. Through this partnership, our aim is to redefine
the mining industry's approach to energy generation, consumption, and environmental
responsibility by lowering carbon intensity to ensure we build the greenest gold processing facility
in the industry.”
Graham Ethier, Vice President Digital Products and Solutions for Mining and Mineral
Processing at ANDRITZ in Canada , said, “We are very excited to be working with Spanish
Mountain Gold on this project. The use of our technologies will help to reduce energy
demand and drive positive changes in industry sustainability .”
ANDRITZ's proprietary IDEAS simulation software will enable Spanish Mountain Gold to
analyze energy consumption for greenfield operations, optimize process flowsheets, and
predict power demand accurately. This proactive approach is crucial for balancing long -
term supply and demand cu rves effectively. Similarly, it can be used to accurately support
water management programs.
In addition, Spanish Mountain Gold envisions using the IDEAS simulation software to train
local operators, supporting employment in the region. Trainees can learn the operation
using a digital twin ahead of workforce recruitment and once employed at an ope ration ,
can continuously improve how processes are controlled.
By harnessing simulation technology, Spanish Mountain Gold aims to achieve sustainable
gold mining while creating opportunities for local communities through skills development
and employment.
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ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants,
equipment, systems, services and digital solutions for a wide range of industries and end
markets. Sustainability is an integral part of the company’s business strategy a nd corporate
culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims
to make the greatest possible contribution to a sustainable future and help its customers
achieve their sustainability goals. ANDRITZ is a global market leader in all four of its
business areas – Pulp & Paper, Metals, Hydro and Separation. Technological leadership and
global presence are cornerstones of the group’s strategy, which is focused on long -term
profitable growth. The publicly listed group has aro und 30,000 employees and over 280
locations in more than 40 countries.
About Spanish Mountain Gold
Spanish Mountain Gold is advancing its 100% owned Spanish Mountain Gold project towards
construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. Our immediate
focus is to conduct an integrated Whittle Enterprise Optimization to identify the highest potential
value-add improvements while increasing the understanding of the high-grade geologic controls
and associated drill targets that could upgrade and expand the gold resource. We are striving to
be a leader in community and indigen ous relations by leveraging technology and innovation to
build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking
new ways to achieve optimal financial outcomes that are safer, minimizes environmental impacts
and creates meaningful sustainability for communities. Details on the Company are available on
www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.
On Behalf of the Board,
“Peter Mah”
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.
For more information, contact:
Peter Mah, CEO
(604) 601-3651
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
FORWARD LOOKING STATEMENTS:
Certain of the statements and information in this press release constitute "forward -looking statements" or
"forward-looking information" Any statements or information that express or involve discussions with
respect to predictions, expectations, beliefs, p lans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes",
"plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potenti al" or variations
thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of
historical fact and may be forward -looking statements or information. The Company's forward -looking
statements and information are based on the assumptions, beliefs, expectations and opinions of
management as of the date of this press release, and other than as required by a pplicable securities laws,
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the Company does not assume any obligation to update forward -looking statements and information if
circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes
in any other events affecting such statements or infor mation. For the reasons set forth above, investors
should not place undue reliance on forward looking statements and information.