News - Collective Agreement
posted on
Apr 13, 2010 09:08AM
Century Mining Corporation TSX VENTURE: CMM |
BLAINE, WASHINGTON--(Marketwire - April 13, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce that the members of the Syndicat des Employes de les Mines Sigma (Quebec) Ltee, the bargaining unit representing its hourly employees at the Lamaque Gold Mine in Val d'Or, Quebec, have ratified the renewal of the existing collective agreement. This agreement, which was ratified by more than 90% of the voting union members, provides for the continuation of the existing collective agreement until March 31, 2011. As part of the negotiations the Company has agreed to make wage adjustments to bring Century's wage scale in line with other underground mine operators in the area.
"This agreement is another positive step in the continued advancement of the Lamaque Gold Mine towards its first gold pour in the second quarter of 2010. The signing of this collective agreement is a positive milestone, and the Company looks forward to working closely with all its employees, both hourly and staff, over the many years ahead at Lamaque. We have established excellent, safe working conditions at a competitive wage scale which will allow the retention and recruitment of the best miners, operators and tradespeople of the Abitibi region," commented Margaret M. Kent, President & CEO Century Mining.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Margaret M. Kent, President & CEO
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
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Century Mining Corporation