Tahltan Nation and Coeur Silvertip Sign Impact-Benefit Agreement Regarding the Silvertip Mine
The Tahltan Nation and Coeur Silvertip Holdings Ltd. (“Coeur Silvertip” or the “Company”), a wholly-owned subsidiary of Coeur Mining Inc. (“Coeur”) (NYSE: CDE), today announced the signing of a comprehensive Impact-Benefit Agreement (the “IBA”) in connection with the Company’s Silvertip silver-zinc-lead mine located in northern British Columbia. The IBA provides a framework for a mutually beneficial, long-term relationship between the Tahltan Nation and Coeur Silvertip, and supports Coeur’s commitment to socially and environmentally responsible mining.
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“The Tahltan Central Government is very pleased to establish an IBA with Coeur Silvertip for the Silvertip mine located in the northern portion of Tahltan Territory. Our nation will work collaboratively and in partnership with the Company to fully implement this agreement immediately. We have a shared vision of empowering Tahltan workers, entrepreneurs and companies while working together to mitigate the mine's impacts to our Tahltan Territory, culture and values.” President Chad Norman Day, Tahltan Central Government
“I am happy that we have signed an IBA with Coeur Silvertip that ensures our Tahltan environmental concerns and economic interests are respected.” Chief Marie Quock, Iskut Band Council
“The signing of this IBA is another step towards building a strong relationship with Coeur Silvertip, a relationship that will benefit our people and our communities.” Chief Carmen McPhee, Tahltan Band Council
“We are honored to have the Tahltan Nation’s support for Silvertip and take our commitments to uphold Tahltan values, including respect for the land, very seriously. The IBA lays the foundation for a strong partnership and shared benefits between Coeur Silvertip and the Tahltan Nation by aligning our interests across several key measures of success at Silvertip, including environmental protection, employment and economic opportunities for surrounding First Nations communities and financial returns, among others. This agreement is also an important step towards a potential restart and expansion of operating activities at Silvertip.” Terry F.D. Smith, Senior Vice President and Chief Development Officer, Coeur Mining
About the Tahltan Nation
The Tahltan Central Government (“TCG”) is the administrative governing body of the Tahltan Nation. The Iskut Band and the Tahltan Band continue to govern Tahltan interests with respect to the Indian Act in the communities of Iskut, Dease Lake and Telegraph Creek. The TCG is the representative government of the Tahltan Nation with respect to the inherent and collective Aboriginal title and rights shared by all Tahltan people.
The Tahltan Nation’s Territory spans 95,933 square km of Northwest British Columbia or the equivalent of 11 per cent of the province. Tahltan Territory includes 70 per cent of BC’s Golden Triangle – a world-class mining jurisdiction with a thriving mineral exploration sector. For more information, visit: www.tahltan.org.
About Coeur
Coeur Mining Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.
Cautionary Statements
This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding future plans and expectations regarding the Silvertip mine and the IBA. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks associated with the potential restart and expansion of operating activities at Silvertip, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold, silver, zinc and lead and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of mineral reserves, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to whom Coeur markets its production, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Coeur markets its production, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
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Contact
Coeur Mining Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com
Tahltan Central Government
Gordon Infanti
Communications Director
Phone: (604) 351-0726
communicationsdirector@tahltan.org