Sprott Resource Holdings Inc. Reports Non-Mining Related Incident at its Minera Tres Valles Mining Operation
Sprott Resource Holdings Inc. Reports Non-Mining Related Incident at its
Minera Tres Valles Mining Operation
TORONTO, Nov. 03, 2019 -- Sprott Resource Holdings Inc. (“SRHI” or the “Company”) (TSX: SRHI) today announced that a
security incident occurred at the Minera Tres Valles (“MTV”) mine, the Company’s 70%-owned subsidiary. On the morning of
November 3, 2019, a security guard contracted by MTV was investigating damage to a security gate in the mine’s Manquehua
sector. There, within the mine’s property, the guard was confronted by several individuals not associated with the mine’s
operations damaging company property. As a result of an altercation, the security guard was severely injured and one of the
individuals fatally shot.
MTV are fully cooperating with the PDI (Police Investigations Unit) in their investigation. MTV has temporarily ceased mining
operations out of respect for the deceased and to ensure the safety of the community and workforce. SRHI will provide
updates, as appropriate.
Michael Harrison, SRHI’s Interim President and CEO, said, “We are deeply saddened by the outcome of this tragic incident
and extend our heartfelt sympathies to the families of those involved. We are fully cooperating with the ongoing investigation
and offering support to our employees at the mine site.”
Luis Vega, CEO of MTV, stated, “We are absolutely committed to maintaining cooperative and respectful relationships with
the communities we work alongside, so this incident is especially troubling. Our immediate focus is on the families and friends
of the deceased and injured and on continuing dialogue and cooperation with local community groups to prevent future
tragedies.”
“As a company, we reiterate our profound regret for these events,” added Mr. Vega. “We also pledge our full support for an
open and transparent investigative process to clarify the facts and determine the causes of this unfortunate situation.”
About MTV
MTV is a fully permitted operating mining complex located nine kilometers from Salamanca in Region IV of Chile. MTV
comprises two main deposits: Papomono (underground) and Don Gabriel (open pit). The mine is currently operating and
producing high grade copper cathode. The mine has significant infrastructure in place with a crushing and processing plant
with nameplate capacity of 7,000 and 6,000 tonnes per day, respectively. The plant is designed to produce up to 18,500
tonnes per annum of copper cathodes. For more information about MTV, please visit http://www.mineratresvalles.com.
About Sprott Resource Holdings Inc.
SRHI acquires and grows a portfolio of cash-flowing businesses and businesses expected to cash flow in the natural resource
sector. Based in Toronto, SRHI is part of the Sprott Group of Companies and seeks to deploy capital to provide our investors
with exposure to attractive commodities. For more information about SRHI, please visit www.sprottresource.com.
Investor contact information:
Michael Harrison
Interim CEO and Director
(416) 543-8487
Media contact information:
Dan Gagnier / Jeff Mathews
Gagnier Communications
(646) 569-5897