News
Century Mining Corporation
TSX VENTURE: CMM
SEPTEMBER 20, 2006 - 11:28 ET
Century Mining Commissions Fourth Haul Truck in Sigma Pit
BLAINE, WASHINGTON--(CCNMatthews - Sept. 20, 2006) - Century Mining Corporation (TSX VENTURE:CMM) is pleased to announce that the Company has taken delivery of the fourth, and last, new Komatsu HD785-5LC 100-ton haul truck. The truck is currently being commissioned in the Sigma pit. The addition of the fourth truck will increase the availability of the mine fleet significantly and facilitates the removal of in excess of 35,000 tonnes per day of waste on a consistent daily basis. In September to date the fleet has moved 606,624 tonnes of waste, a daily average of 34,664 tonnes.
The priority in the Sigma pit is to remove waste in an expeditious manner to expose new ore faces well ahead of mining, and in conjunction with the new reverse circulation drill to advance the development and implementation of the long-term mine plan at the life-of-mine strip ratio of approximately 4.5 to 1.
About Century Mining Corporation
The Company forecasts total gold production of 85,000 ounces of gold at a cash cost of approximately US$385 an ounce from its Sigma, Lamaque and San Juan mines in 2006. The Company owns the dormant Carolin gold mine in southwestern British Columbia; nine precious metals exploration properties located on the historic Juneau Gold Belt in Alaska; and production and 23,000 ha of exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is 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 information involves 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 accordingly, readers should not place undue reliance on those statements. 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 resource 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 and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.
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