“We are pleased with the progress on the permitting process at Topia and we will continue working closely with the Mexican authorities to obtain this permit in a timely manner”, stated Robert Archer, President & CEO. “During the response period, we plan to continue normal operations at Topia using the existing Phase I TSF.”
Closed C$9.7 million strategic financing with Agnico Eagle
Environmental Application redrafted and submitted to SERMARNAT
Drill mobilized for 2,000 meter infill drill program at La Paila zone
7,500 meter phase 1 drill program of several high priority targets identified outside of La Paila resource area to commence 4Q17
Im pleased with our results, said Don Lindsay, President and CEO. We generated adjusted EBITDA of $1.3 billion in the second quarter and $5.4 billion over the last twelve months. After a challenging first quarter we set second quarter steelmaking coal sales and production records of 6.9 and 6.8 million tonnes, respectively, and we reduced our outstanding notes to US$4.8 billion, achieving our target of less than US$5 billion.
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