Century Mining Announces Resolution Of All Remaining Litigation With Sulliden
Century Mining Corporation announced that the lawsuit brought against it, Century Mining Finance Corp. and others, in the Ontario Superior Court of Justice has been dismissed at no cost to the Company. This brings to an end all proceedings in Ontario against Century and those associated with it relating to the Shahuindo Property, Sulliden Exploration Inc. and Minera Sulliden Shahuindo SAC.
Today’s announcement brings to an end all litigation between Century and Sulliden in Canada and Peru.
Margaret Kent, President & CEO said: “We are pleased that the lengthy litigation process regarding Shahuindo is now ended. As we move through the current transitional phase, management and the Board of Directors are confident that the Lamaque and San Juan gold mines will provide significant value to shareholders and provide a solid foundation for growth.”
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Québec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.