Director Dunham L. Craig Appointed Interim
President
TSX: SVL NYSE MKT: SVLC
VANCOUVER, Feb. 26, 2015 /PRNewswire/ - SilverCrest
Mines Inc. ("SilverCrest" or the "Company") announced today that
N. Eric Fier, President and Chief Operating Officer, has taken
a partial leave of absence to deal with certain matters of personal
health. Dunham L. Craig, Director,
has been appointed Interim President and will assume the
President's responsibilities on a temporary basis until further
stages of a succession plan developed by the Board of Directors can
be implemented. Mr. Fier will remain as COO and Director of
SilverCrest until such time as he is able to return to his duties
on a full time basis. In his absence, SilverCrest will rely on the
depth and experience of its management to professionally execute
its stated business objectives.
The Board's succession plan has Mr. Fier stepping into the
CEO position upon J. Scott Drever's anticipated retirement as
CEO in the coming year which is now expected to coincide with Mr.
Fier's return. As a result, the Company has embarked on a search
for a new full-time President in anticipation of Mr. Fier's
return to the Company in this new position.
J. Scott Drever, CEO and Director
stated: "Eric will need time away from his full slate of corporate
responsibilities to recuperate from certain required medical
procedures. Eric is a key member of the SilverCrest team and the
Board of Directors. All his colleagues and company employees wish
him a speedy recovery so that he may continue his extraordinary
contributions to the growth and continued success of SilverCrest.
Eric has our full support throughout this challenging period for
him."
As interim President, Dunham
Craig brings over 26 years of professional mining and
management experience to assist SilverCrest in Eric's absence. Mr.
Craig's experience in the mining industry has encompassed all
aspects of mining and operations, progressing from exploration
discovery to feasibility, financing, permitting, construction and
production related to two mines. He has extensive experience in
Canada, Central America and Mexico with groups such as Wheaton River
Minerals Inc. and Glencairn Gold Inc. and has worked in
development, construction and production in Latin America for over 15 years.
Mr. Craig will be directly working with Mr. Fier and other
members of the Board and management group to transition
Presidential responsibilities so that the Company's strategic plan
for growth may continue without interruption.
SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a
Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property
is the 100%owned Santa Elena Mine, located 150 km northeast of
Hermosillo, near Banamichi in the State of Sonora, México. The mine is a
highgrade, epithermal silver and gold producer, with an estimated
life of mine of 7 years at an average operating cash cost of
$11 per ounce of silver equivalent
(55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per
day conventional mill facility at the Santa Elena Mine should
recover an average of 1.5 million ounces of silver and 32,800
ounces of gold per annum over the current reserve life. Exploration
programs continue to result in new discoveries at Santa Elena and the surrounding area.
SilverCrest has also rapidly advanced the definition of a large
polymetallic deposit at the La
Joya property in Durango State, Mexico.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This news release contains "forward-looking
statements" within the meaning of Canadian securities legislation
and the United States Securities Litigation Reform Act of 1995.
These include, without limitation, statements with respect to: the
life of mine; the amount of expected grades and ounces of metals
and minerals over any period; average operating cash costs; and
expectations for the exploration and development of the Company's
properties.
These forward-looking statements relate to analyses and other
information that are based on, without limitation, the following
estimates and assumptions: the presence of and continuity of
metals at the Company's projects; cost of production and
productivity levels; the availability and costs of mining equipment
and skilled labour; accuracy of the interpretations and assumptions
used in calculating reserve and resource estimates; and operations
not being disrupted or delayed by unusual geological or technical
problems.
Forward-looking statements are subject to a variety of known
and unknown risks, uncertainties and other factors which could
cause actual events or results to differ from those expressed or
implied by the forward-looking statements, including, without
limitation: risks related to precious and base metal price
fluctuations; risks related to fluctuations in the currency
markets; risks related to the inherently dangerous activity of
mining, including conditions or events beyond our control, and
operating or technical difficulties in mineral exploration,
development and mining activities; uncertainty as to actual capital
costs, operating costs and economic returns; risks related to
reserves and mineral resource figures being estimates based on
interpretations and assumptions which may result in less mineral
production under actual conditions than is currently estimated and
to diminishing quantities or grades of mineral reserves as
properties are mined; and risks related to governmental regulations
and obtaining necessary licenses and permits.
Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the
forward-looking statements. The Company's forward-looking
statements are based on beliefs, expectations and opinions of
management on the date the statements are made. For the reasons set
forth above, investors should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update or revise any forward-looking statements, except as
otherwise required by applicable law.
SOURCE SilverCrest Mines Inc.