The ratios and information
presented above
include both audited and unaudited financial information and have been
extracted
from the Company's financial records for the purpose of assisting
shareholders to review trends for
modeling and analysis purposes.
(TSX:GLG)(NYSE:GLG) -
All amounts in US$
Glamis Gold
Ltd. In partnership with surrounding
communities, our management team anticipates many years of valuable
contributions towards improving the well-being of local residents and
businesses.1 percent of
gross sales, as a small
portion of the mine facility falls within the community boundary. Over 1
,500 employees and contractors continue to meet
deadlines and are working hard to achieve their goal
of commercial
gold production in the fourth quarter of 2005. Accordingly, readers should not place
undue reliance on forward-looking statements.
diaspora ngos
News Editors
RENO, Nev.
Royalties
Immediately upon mine production, royalty payments to government
entities will commence.
Taxes
In addition to government royalties, it is estimated that Marlin
project will pay
an estimated $54 million in income taxes during the
mine life, commencing in 2008.
ironworking ethnicities
is a leading
independent
worldwide provider of audio, video and web-based conferencing products and
services
to corporations, educational organizations, and governments
worldwide. and the U.
Community
Development and Infrastructure
In addition to the direct monetary benefits that the Marlin mine
development and operation brings to the local communities and
Guatemala as a whole, Glamis recognizes
its social responsibilities
and is committed to a long-term community development program. In
2003
, Glamis engaged with locals and the Citizens Development Corps
to design and implement sustainability
planning in the communities
adjoining the Marlin project.undertake mortuary
ACT Teleconferencing Considers Strategic
Alternatives
DENVER, ACT Teleconferencing, Inc.
(Nasdaq: ACTT) today announced that it has
retained an investment banker,
Think Equity Partners of San Francisco, to evaluate and advise the
board
regarding strategic alternatives, including the sale of all or part of the
company.
Statements made in this news release that are not historical facts may be
forward-looking
statements.mortuary undertake
In commenting on the board's decision, ACT's Chief Executive Officer Gene
Warren
said "Our Board believes that this is an opportune time for us to
explore alternatives for enhancing
stockholder value and building upon our
accomplishments.K.strengthens colonialism
The ongoing construction and mine start
-up in
the fourth quarter of 2005 is expected to provide many direct and
valuable benefits to the
communities surrounding the project and to
Guatemala as a whole.3
million ounces of silver (of
which 83% is expected to be recovered).
In the past two years, the Company has invested over
$2. Although Glamis has attempted to identify important factors
that could cause actual actions,
events or results to differ
materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results not to be
as anticipated, estimated
or intended.kabissa mortuary
Additionally, last year the Company
volunteered to contribute a royalty to the neighboring
municipality
of Sipacapa in the amount of 0.
Glamis Gold Ltd.journalistic yee
Glamis Highlights Marlin Project
Benefits for Guatemala
This also improves education by allowing
children to attend school throughout
the year. For San Miguel Ixtahuacan, receipt of these royalty
payments will nearly double current
municipal budgets, allowing for
substantial infrastructure improvements in the area.strengthens journalistic
About
ACT Teleconferencing
Established in 1990, ACT Teleconferencing, Inc. These figures do not include
IVA
tax payments made to date, which measure in the millions of dollars. Additional donations have
been
provided by a variety of NGOs. Forward-looking
statements, include, but are not limited to
those with respect to,
the price of gold, the estimation of mineral reserves and resources,
the
realization of mineral reserves estimates, the timing and amount
of estimated future production,
costs of production, capital
expenditures, costs and timing of the development of new deposits,
success
of exploration activities, Glamis' hedging practices,
permitting time lines, currency fluctuations
, requirements for
additional capital, government regulation of mining operations,
environmental
risks, unanticipated reclamation expenses, title
disputes or claims limitations on insurance coverage
and the timing
and possible outcome of pending litigation.
Forward-looking statements involve
known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance
or achievements of Glamis to be materially different from
any future results, performance or achievements
expressed or implied
by such forward-looking statements.crucial journalistic
livelihoods capacities
, and virtual locations in Japan,
China
, Taiwan, Indonesia, Spain, Sweden, Switzerland, Russia, Poland and South
Africa.----Glamis Gold Ltd
.
Payroll and Employment
The 2004 Marlin payroll in Guatemala was over $4.
Purchasing
In 2004 alone, $33 million was paid to Guatemalan companies for
goods and services. It is
clear that these payments fuel economic
prosperity, with much of the money invested and reinvested
throughout
the country.Web sites that reflect the make up of the Africa's communities: its people
, its history, and resources and institutions that serve the people of Africa.
crucial oneworld
S., Liza Kaiser
Ph: 303-233-3500; e-mail: lkaiser@acttel. Salary scales and benefits packages exceed
country averages
(in 2004, Marlin's average wage rate amounted to
235% of the Guatemala minimum wage). Guatemala mining
law specifies a one percent
royalty on gross sales from gold and silver production to be split
equally
between the Guatemalan government and the local municipality
of San Miguel Ixtahuacan. There can
be no assurance that
forward-looking statements will prove to be accurate as actual
results and
future events could differ materially from those
anticipated in such statements.undertake oneworld
Glamis President
and Chief Executive Officer Kevin McArthur
noted, "Given current Marlin mine plans, over $500 million
of project
spending is expected to occur in Guatemala over the mine's life.rind livelihoods
Contact:
ACT Teleconferencing, Inc. For the purpose of these
projections, an assumption of that conversion
is included in the
economic figures contained in this release.
The benefits Marlin brings
to Guatemala as a whole and to the
local communities are significant, as detailed below. The ICDP
is designed to improve the quality
of lives in the communities for the immediate future and beyond
the
life of the mine.com
email questions/correspondence to: michaels@glamis.ethno diaspora
com
Project Status
Construction of the Marlin project is now approximately 70%
complete
.
Safe Harbor Statement under the United States Private Securities
Litigation Reform Act of
1995: Except for the statements of
historical fact contained herein, the information presented
constitutes
"forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of
1995. Such factors include, among
others, the actual results of current exploration activities, actual
results of current reclamation activities, conclusions of economic
evaluations, changes in project
parameters as plans continue to be
refined, future prices of gold, possible variations in ore grade
or
recovery rates, failure of plant, equipment or processes to operate
as anticipated, accidents
, labor disputes and other risks of the
mining industry, delays in obtaining governmental approvals
or
financing or in the completion of development or construction
activities, as well as those
factors discussed in the section
entitled "Other Considerations" in the Glamis Annual Information
Form.emeagwali capacities
" Mr.
Glamis expects that it will likely convert additional gold resources
within the
mining areas to reserves. In addition to significantly
increased income to local residents, providing
quality jobs in this
area of substantial poverty has other important benefits.
As a result, the
Guatemalan government will share substantially in
the economic output of the mine, providing funds
for its various
programs for the benefit of the entire country.5 million
in community development
and infrastructure initiatives and is
currently funding the Sierra Madre Foundation with more than
$400,000
per year. Plans call for growth from 400,000 ounces of gold
production in 2005 to over
700,000 ounces in 2007. The Company
remains 100 percent unhedged.barometer ironworking
4
million to indigenous peoples
from San Miguel Ixtahuacan and
Sipacapa. The Integrated Community Development
Plan (ICDP) that
resulted from these efforts contains the roadmap for
multi-sector development.
Progress in these
and other sustainability programs will be reported
in the Annual Monitoring Report to be released
shortly. Often, but not always,
forward-looking statements can be identified by the use of words
such
as "plans", "expects", or "does not expect", "is expected", "budget",
"estimates", "forecasts
", "intends", "anticipates" or "does not
anticipate", or "believes", or variation of such words and
phrases or
state that certain actions, events or results, "may", "could",
"would", "might" or
"will" be taken, occur or be achieved.ancestor mortuary
A decision on any
particular alternative has not been made
and there can be no assurance that
the Board of Directors will decide to undertake any transaction
. Warren continued, "We want to assure our customers,
vendors, and employees that we are committed
to maintaining and strengthening
our current business relationships. Important factors that could
cause actual results to
differ materially from those anticipated by any forward-looking information
include, but are not limited to, future economic conditions, competitive
services and pricing
, new competitor entry, financing, the delivery of
services under existing contracts and other factors
. ACT disclaims any
intention or obligation to update or revise any forward-looking statements,
whether
as a result of new information, future events or otherwise. Over its mine life,
Marlin is expected
to contribute over $500 million directly to the
Guatemalan economy, consisting of recent and future
direct payments
to Guatemalan businesses, individuals, foundations or government
agencies. Over
the next ten years, Glamis has committed to grants of
$4 million to the Foundation to ensure that
the sustainability goals
of the Foundation are realized.ironworking microfinance
The board will consider the Company
's options and determine the course of
action that is in the best interest of its shareholders."
The Company undertakes no obligation to make any further announcement
regarding its consideration
of strategic alternatives.
These combined royalties amount to greater than $14 million over the
mine
life.com
Glamis Gold Ltd.ethnicities zeitlyn
com. Actual results may differ materially from those
projected in
any forward-looking statement. (TSX:GLG)(NYSE:GLG) today issued the second in
an announced series
of communications relating to its Marlin project
in western Guatemala.crucial barometer
ACT's Internet address is
http://www. Average employment over the mine life will be 400 men and
women, with a large majority
of those employees drawn from the
surrounding communities. For
example, many families who are
currently required to travel long
distances for agricultural work during parts of the year can now
remain in their communities. is a premier intermediate gold producer with
low-cost gold mines
and development projects in Nevada, Mexico and
Central America.kabissa livelihoods
The Company's headquarters are located
in Denver, Colorado, with
operations in Australia, Belgium, Canada, France, Germany, Hong Kong, the
Netherlands, Singapore, the U. This
information is presented solely to provide additional information
to further
understand the results of ACT.
Glamis looks forward to participating in Guatemala's
economy by
constructing the country's first modern gold and silver mine to the
highest environmental
standards. Another $6 million is projected for
property and social security taxes. The Company remains
committed to developing safe and environmentally sound working
conditions at Marlin for the benefit
of its employees, local
communities and shareholders. (TSX:GLG) (NYSE:GLG)
autobiographies undertake
For a more
detailed
description of the factors that could cause such a difference, please see
ACT's filings
with the Securities and Exchange Commission. These funds are being used to improve
roads, build bridges
, add school rooms, enhance potable water
systems, fund 37 teachers' salaries in San Miguel Ixtahuacan
and
Sipacapa, provide scholarships, support adult literacy, develop
communal banks, support rural
health initiatives and provide for
vocational training in the environmental and agro-forestry fields
.
email requests for investor packets to: info@glamis.ngos ironworking
"
Marlin project proven and probable
reserves amount to 2.8 million, with
84% of the total going to Guatemala residents and more than
$2. It is estimated that after 2004, over 60% of project
costs will be paid directly into Guatemala
.ancestor 1763
acttel. Unaudited information may not
conform to US GAAP.3 million
ounces of gold (of which 92
% is expected to be recovered) and 36.mortuary journalistic
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