Sprott Resource Holdings Press Releases

Print

Press Release

Sprott Resource Holdings Inc. Reports Non-Mining Related Incident at its Minera Tres Valles Mining Operation

11/4/2019

TORONTO, Nov. 03, 2019 (GLOBE NEWSWIRE) -- 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
mharrison@sprott.com

Media contact information:

Dan Gagnier / Jeff Mathews
Gagnier Communications
(646) 569-5897
sprott@gagnierfc.com  

Important Message

You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.

Continue to Sprott Exchange Traded Funds

Important Message

You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.

Continue to Ninepoint Partners

Important Message

You are now leaving sprott.com and linking to a third-party website. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material.

Continue