Candelaria

Lundin Mining Announces New Collective Agreement with Candelaria AOS Union

Saturday, November 21, 2020 - 3:45am

TORONTO, Nov. 21, 2020 /PRNewswire/ --(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today the Candelaria AOS Union (the "Union"), which represents approximately 550 workers at its Candelaria operations in Chile, has ratified a new 30-month collective agreement.

Key Points: 
  • TORONTO, Nov. 21, 2020 /PRNewswire/ --(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today the Candelaria AOS Union (the "Union"), which represents approximately 550 workers at its Candelaria operations in Chile, has ratified a new 30-month collective agreement.
  • As part of the collective bargaining cycle, Candelaria is in the legislated negotiation process with the two supervisor unions, which combined represent approximately 230associates.
  • An agreement was reached with the LMC AOS Union during advanced negotiations in May 2020.
  • The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation.

Candelaria Announces Board and Management Changes, Signs Definitive Agreement to Acquire Interest in Bolnisi Gold and Copper Project

Monday, October 26, 2020 - 12:30pm

In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the Company's Board of Directors.

Key Points: 
  • In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the Company's Board of Directors.
  • Candelaria is also pleased to announce that Dr. Neil OBrien will join the Candelaria board as a director.
  • Candelaria Mining Corp. is pleased to announce it has entered into a definitive agreement to acquire 100% of GMC Investments LTD (GMC), a wholly-owned subsidiary of Empire, which holds a 50% interest in the Bolnisi Gold and Copper Project in Georgia.
  • Candelaria currently owns 100% of Caballo Blanco Project and the Pinos Gold Project.

Lundin Mining Reports on Labour Action at Candelaria

Thursday, October 8, 2020 - 2:00am

TORONTO, Oct. 8, 2020 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today that mediation with the Candelaria Mine Workers Union (the "Union"), which represents approximately 350 workers at its Candelaria operations in Chile, has ended without an agreement.

Key Points: 
  • TORONTO, Oct. 8, 2020 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today that mediation with the Candelaria Mine Workers Union (the "Union"), which represents approximately 350 workers at its Candelaria operations in Chile, has ended without an agreement.
  • At this time, the Company does not expect a material impact on Candelaria's operations, including production or shipment of concentrate, as a result of labour action by the Candelaria Mine Workers Union.
  • Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
  • The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation.

Candelaria Completes Shares for Debt Transaction

Friday, September 25, 2020 - 9:53pm

VANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) announces it has closed the previously announced shares for debt transaction and issued 2,175,030 common shares of the Company in settlement of $1,087,515 of indebtedness.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) announces it has closed the previously announced shares for debt transaction and issued 2,175,030 common shares of the Company in settlement of $1,087,515 of indebtedness.
  • The common shares issued pursuant to the debt settlement are subject to a four month hold period expiring on January 26, 2021.
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.
  • For more information on resource estimates, please see the technical reports prepared pursuant to NI 43-101 which are available on the Companys website at www.candelariamining.com .

UPDATE -- Candelaria Provides a Corporate Update

Saturday, July 11, 2020 - 12:31am

VANCOUVER, British Columbia , July 10, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) is pleased to provide a corporate update.

Key Points: 
  • VANCOUVER, British Columbia , July 10, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) is pleased to provide a corporate update.
  • Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws.
  • For its services, the corporation has agreed to pay $5,000 per month for a period of 12 months.
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.

Candelaria Provides a Corporate Update

Friday, July 10, 2020 - 11:07pm

VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) is pleased to provide a corporate update.

Key Points: 
  • VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the Company) is pleased to provide a corporate update.
  • Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws.
  • For its services, the corporation has agreed to pay VLP CONTRACT AMOUNT per month for a period of 12 months.
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.

Candelaria Mining Announces US$9 Million Medium Term Loan Facility

Monday, June 15, 2020 - 7:59pm

The loan facility will be secured against the assets of the Company and its subsidiaries, will bear interest at 13% per annum, and have a term of 60 months from the initial draw date.

Key Points: 
  • The loan facility will be secured against the assets of the Company and its subsidiaries, will bear interest at 13% per annum, and have a term of 60 months from the initial draw date.
  • Candelaria may draw US$500,000 upon execution of the facility, with the balance to be made available on completion of final loan documentation.
  • In connection with the loan facility, Accendo will receive a cash fee from the Company of 2% of the amount of the Loan Facility, as well as 18 million non-transferable share purchase warrants (the Bonus Warrants).
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.

DGAP-News: Revelo Announces Repayment of Third-Party Debt, Reports Results of its Special General Meeting, and Provides Project Update

Tuesday, April 21, 2020 - 2:07pm

Revelo Announces Repayment of Third-Party Debt, Reports Results of its Special General Meeting, and Provides Project Update

Key Points: 
  • Revelo Announces Repayment of Third-Party Debt, Reports Results of its Special General Meeting, and Provides Project Update
    The issuer is solely responsible for the content of this announcement.
  • The Orca project is located along the Coastal Mineral Belt, close to the world-class Candelaria copper-gold-iron deposit.
  • Recent actions, together with planned actions in the short term, have placed Revelo in a good position to have exploration success.
  • Revelo is a Canadian company listed on the TSX Venture Exchange (TSXV: RVL).

CANDELARIA MINING CLOSES $1,059,261 PRIVATE PLACEMENT FINANCING

Friday, April 3, 2020 - 10:48pm

All securities issued pursuant to the Private Placement are subject to a statutory hold period expiring on August 04, 2020, in accordance with applicable securities laws.

Key Points: 
  • All securities issued pursuant to the Private Placement are subject to a statutory hold period expiring on August 04, 2020, in accordance with applicable securities laws.
  • Directors and officers of the Company have collectively subscribed for 2,488,242 Units in the Private Placement.
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.
  • Cautionary Note Regarding Forward-looking Statements: This press release contains certain forward-looking statements and forward-looking information under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Candelaria Mining Corp. (Candelaria or Candelaria Mining).

Candelaria Mining Announces $1,000,000 Private Placement Financing

Thursday, February 27, 2020 - 11:30pm

The Company intends to use the proceeds of the Private Placement for general working capital.

Key Points: 
  • The Company intends to use the proceeds of the Private Placement for general working capital.
  • Directors and officers of the Company have collectively subscribed for 2,488,242 Units in the Private Placement.
  • Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the worlds best mining jurisdictions.
  • Cautionary Note Regarding Forward-looking Statements: This press release contains certain forward-looking statements and forward-looking information under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Candelaria Mining Corp. (Candelaria or Candelaria Mining).