Day: January 23, 2020

“2019 was a trying year for our Mercedes Mine” stated Ewan Downie, President and CEO of Premier. “However, we believe that we understand the challenges faced by the mine this past year and have a plan in place to address them. We believe our continued exploration successes at Mercedes and the resumption of mining at South Arturo will contribute to production for years to come and provide a platform for our Company’s growth”.

Richard C. Adkerson, President and Chief Executive Officer, said, “During 2019, we progressed three major initiatives to enhance future cash flows and value for our shareholders. We are on schedule to establish large-scale production from our high-grade, low-cost and long-lived underground ore bodies at Grasberg; the Lone Star project in Arizona is nearing completion; and early results from our innovation initiatives to enhance productivity at our operations in the Americas are positive.”

“Continuing to thrive in our next 100 years will require strong and transparent corporate governance, responsible environmental stewardship, and a diverse and inclusive workplace that allows us to attract and retain top talent,” said Tom Palmer, President and Chief Executive Officer.

Igor Gonzales, President and CEO of Sierra Metals, commented:“I am very pleased with the Company’s strong Q4 production results, which contributed to a solid year of production in 2019. The Company continues to reap the benefits of the successful operational improvement programs at all Mines.”