Business
Temporary shutdown of the #3 shaft at U.S. Silver & Gold Galena Mine Complex
TORONTO , Dec. 12, 2013 /CNW/ - U.S. Silver & Gold Inc. (TSX: USA ) (OTCQX: USGIF) ...
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"\n\n\nTORONTO, Dec. 12, 2013 /CNW/ - U.S. Silver & Gold Inc. (TSX: USA)\n (OTCQX: USGIF) received an order from the Mine Safety and Health\n Administration (\"MSHA\") that required the Company to temporarily shut\n down its Galena Mine Shaft #3 pending resolution of four previously\n existing citations that did not relate to any employee injury or allege\n imminent danger in the mine. Some employees were temporarily sent home\n while a contingency plan was developed.\n\n\nThe MSHA order was given during a routine inspection and involves\n repairs below the 4600 level and above the 5200 level on the #3 Shaft. \n The repairs have been in progress for some time and are expected to be\n completed by early 2014.  In the meantime, the mine's contingency plan\n entails hoisting ore from the Coeur Shaft once minor rehabilitation is\n completed later this week on the 3700 level.  Some development, repair\n and mining crews were back in the mine today and it is expected that\n work will re-start in all stopes above the 3700 level by Monday.\n\n\nThe Company does not expect there to be any impact on production\n guidance for 2013 and remains on track to deliver 2.1 - 2.2 million\n ounces for the year.\n\n\n\"Although operations have been temporarily affected, we are working with\n MSHA to resolve the matter and doing all we can to get the #3 Shaft up\n and running as soon as possible,\" said Darren Blasutti, President and\n CEO of U.S. Silver & Gold. \"The Coeur Shaft has been taken off care and\n maintenance and is fully operational.\"\n\n\nAbout U.S. Silver & Gold\nU.S. Silver & Gold is a silver and gold mining company focused on growth\n from its existing asset base and execution of targeted accretive\n acquisitions. It owns and operates the Galena Mine Complex in the heart\n of the Silver Valley/Coeur d'Alene Mining District, Shoshone County,\n Idaho which produces high-grade silver ore and is the second most\n prolific silver mine in U.S. history, delivering over 200 million\n ounces to date. The Caladay Zone is being evaluated for bulk mining\n development. U.S. Silver & Gold also owns the Drumlummon Mine Complex\n in Lewis and Clark County, Montana.\n\n\nFor further information please see SEDAR or www.us-silver.com.\n\n\nCautionary Statement Regarding Forward Looking Information:\n\n\nThis news rel...