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Century operates mines in Canada and Peru.
On January 4, 2010, the Company
closed $60.75 million, which will provide the required
capital and funding to bring the Lamaque gold mine back
into production in Val-dOr, Quebec, and also increase
production capacity at its San Juan gold mine in Peru.
The Company has worked aggressively
to define additional reserves and resources at the
Lamaque complex over the past two years and is now
preparing for the commencement of production in the
summer of 2010, and expects to reach commercial
production in 2011. Significant resources at both
Lamaque and San Juan will provide for many years of
future gold production and also offer additional future
potential upside for new discoveries.
In Peru the Company operates the
San Juan underground
gold mine that it acquired in May of 2006 when it
acquired 60% controlling interest in San Juan Gold Mines
S.A.A. In December of 2006, the Company increased its
interest to 82.6%. The remaining 17.4% interest is owned
by the past and present workforce of approximately 1,100
shareholders. The Company accounts for 100% of gold
production, subject to a 10% NPI owned by San Juan Gold
Mines, of which the Company receives 82.6% of this NPI.
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