All amounts are expressed in Canadian dollars unless otherwise noted.
Silver-Zinc Concentrate Exports
The Company continues to review various strategic growth opportunities and after several months of market analysis and site visits has determined an opportunity exists to export silver-zinc concentrates produced in the historic
Operating and Financial Highlights - Second Quarter Ended
Revenue - Third quarter revenue of
Net Loss - Second quarter net loss of
Full financial Statements and MDA is available on SEDAR at www.sedar.com and the company's website. 2020 Revenue Guidance - The COVID-19 pandemic has adversely affected the global economy and normal business activities. Our Bolivian operations were no exception, but we believe primary gold supply chain conditions will start to return to normal levels in early 2021. Our trial exports of silver-zinc concentrates may not be completed by year end, so we remain cautious in providing operating and financial forecasts at this time.
About
Forward Looking Statements
This news release contains forward looking information. The statements are based on reasonable assumptions and expectations of management and Intercontinental Gold provides no assurance that actual events will meet management's expectations. In certain cases, forward looking information may be identified by such terms as 'anticipates', 'believes', 'could', 'estimates', 'expects', 'may', 'shall', 'will', or 'would'. Although Intercontinental Gold believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Commodity trading has inherent risks. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Intercontinental Gold will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on forward-looking information. Intercontinental Gold does not undertake to update any forward-looking information contained herein except in accordance with securities regulation. Actual results or developments may differ materially from those in forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Contact:
Tel: 647.985.2785
Fax: 416.361.2519
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