TORONTO, April 25, 2016 /CNW/ - AuRico Metals Inc.
(TSX: AMI) ("AuRico" or the "Company") is pleased to announce
that the Environmental Assessment Certificate application (the
"Application") for its Kemess Underground Project has been screened
and formally accepted for detailed review by the British Columbia
Environmental Assessment Office ("BC EAO"). AuRico is making
revisions and reformatting the Application to integrate the
clarifications and additional information provided by AuRico during
the screening period. The BC EAO will initiate the 180-day review
once AuRico has submitted the revised Application - expected to be
in approximately two weeks. The BC EAO is managing the
environmental assessment in a Substituted Process on behalf
of British Columbia and
the Canadian Environmental Assessment Agency.
About AuRico Metals
AuRico Metals is a mining royalty and
development company whose producing gold royalty assets include a
1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR
royalty on the Williams Mine at Hemlo, and a 0.5% NSR royalty on the Eagle
River Mine - all located in Ontario,
Canada. AuRico Metals also has a 2% NSR royalty on the
Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located
in Victoria, Australia. Aside from
its diversified royalty portfolio, AuRico owns (100%) the advanced
Kemess Gold-Copper Project in British
Columbia, Canada. AuRico Metals' head office is located
in Toronto, Ontario, Canada.
Cautionary Statement
This press release contains forward-looking
statements and forward-looking information as defined under
Canadian and U.S. securities laws. All statements, other than
statements of historical fact, are, or may be deemed to be,
forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget"
and similar expressions identify forward-looking statements.
Forward-looking statements include statements related to the
Company's outlook and key deliverables on Kemess over the next 12
months. These statements are based on a number of factors and
assumptions that, while considered reasonable by management at the
time of making such statements, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the
forward-looking statements. Such forward-looking statements
and the factors and assumptions underlying them in this document
include the timing of the government decision in response to the
Company's environmental assessment application.
Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied
by the forward-looking statements contained herein. Such statements
are based on a number of assumptions which may prove to be
incorrect, including assumptions about: the timing and ability to
obtain provincial and federal approval of the environmental
assessment application, the number of comments or questions raised
by partners or the British Columbia Environmental Assessment
Office, and additional studies required in order to address
concerns raised and the results of those studies. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable
law.
Readers are cautioned that forward-looking
statements are not guarantees of future performance. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements. The Company disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
SOURCE AuRico Metals