Correction/Clarification: In an article published in the Feb. 16 issue of TMJ and posted on-line, entitled “Cripple Creek & Victor Gold Mine Expansion Plans Receive Warm Response by County Leaders,” there was some confusion over a sub-headline and certain statements we wish to clarify. The article dealt with an update presentation before the Teller County Commissioners on Feb. 9, and certain previous community forums, dealing with current and future projects the company is undertaking. It is not currently anticipated by company officials that there will any increase in staffing levels or the annual payroll for 2016. The company currently employs approximately 566 people and has an annual payroll of about $23.9 million. This is expected to stay the same for 2016. We are sorry for the confusion on this issue.
Also, as for the forthcoming Amendment 11 application that was briefly mentioned but not discussed in depth at the commissioners meeting, company officials note that the application has been submitted to the state of Colorado and will be submitted to Teller County. The permit includes a range of options for future mining operations. Newmont is presently studying technical and economic optionality regarding all aspects of business strategy at CC&V. The business strategy, which includes considerations for market conditions, will determine the path forward for any of the options included in the permit application and associated reports.
As decisions regarding operations at CC&V are made, updates will be provided to the community.