Glamis Highlights
Marlin Project Benefits for Guatemala
4
million to indigenous peoples from San Miguel Ixtahuacan
and
Sipacapa. For San Miguel Ixtahuacan, receipt of these royalty
payments will nearly double
current municipal budgets, allowing for
substantial infrastructure improvements in the area. It is
estimated that after 2004, over 60% of project
costs will be paid directly into Guatemala.
-- Cadence Design Systems, Inc.yee microfinance
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. The Company
remains 100 percent unhedged., TSMC and Oracle receive special merit
ALLENTOWN, Pa., Ltd. has received Agere's
Outstanding Supplier Award," said Linton.crucial diaspora
News
Editors
RENO, Nev.
The benefits Marlin brings to Guatemala as a whole and to the
local
communities are significant, as detailed below.
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. (TSX:GLG) (NYSE:GLG)
-- Dai Nippon
Printing Co.ancestor ngos
Purchasing
In 2004 alone, $33 million was paid to Guatemalan companies for
goods and services.
In the past two years, the Company has invested over $2. 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. Agere's actual results could differ materially
from the results stated or implied by
those forward-looking statements due to
a number of risks and uncertainties. Agere disclaims any
intention or obligation to update or
revise any forward-looking statements, whether as a result of
new information,
future events or otherwise.colonialism crucial
5 million
in community development and infrastructure
initiatives and is
currently funding the Sierra Madre Foundation with more than $400,000
per year
.Agere Systems Honors 2005 Strategic Suppliers for Delivering Outstanding Performance and Enhancing Competitiveness
"These 16 companies are critical
in helping Agere realize efficiencies and improve execution
across our
operations.
-- Synopsys, Inc.
About Agere Systems
Agere Systems
is a global leader in semiconductors for storage, wireless
data, and public and enterprise networks
. The company's chips and software
power a broad range of computing and communications applications
, from cell
phones, PCs, PDAs, hard disk drives and gaming devices to the world's most
sophisticated
wireless and wireline networks.barometer rind
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.
-- Agilent Technologies Inc. Agere's customers include
top
manufacturers of consumer electronics, communications and computing equipment.bantu autobiographies
In partnership
with surrounding
communities, our management team anticipates many years of valuable
contributions
towards improving the well-being of local residents and
businesses."
Marlin project proven
and probable reserves amount to 2.3 million
ounces of gold (of which 92% is expected to be recovered
) and 36.8 million, with
84% of the total going to Guatemala residents and more than $2. This also
improves education by allowing
children to attend school throughout the year.1 percent of gross sales
, as a small
portion of the mine facility falls within the community boundary. Written inquiries
should
be sent to Agere Systems, Room 10A-301C, 1110 American Parkway NE,
Lehigh Valley Central Campus,
Allentown, PA, 18109, USA.
Agere, Agere Systems and the Agere Systems logo are registered trademarks
of Agere Systems Inc.
oneworld zeitlyn
For
example, many families who are currently required to travel long
distances
for agricultural work during parts of the year can now
remain in their communities. Guatemala mining
law specifies a one percent
royalty on gross sales from gold and silver production to be split
equally
between the Guatemalan government and the local municipality
of San Miguel Ixtahuacan. The Company
remains
committed to developing safe and environmentally sound working
conditions at Marlin for
the benefit of its employees, local
communities and shareholders. Customers
outside those countries
may call 1-610-712-4323.zeitlyn crucial
(TSX:GLG)(NYSE:GLG) -
All amounts in US$
Glamis Gold Ltd.
Glamis expects that it will likely convert additional gold resources
within the mining areas to
reserves.
Payroll and Employment
The 2004 Marlin payroll in Guatemala was over $4. 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. Accordingly, readers should not place
undue
reliance on forward-looking statements."
The businesses are evaluated on multiple criteria including
cost,
technology, responsiveness, quality and supply assurance.oneworld rind
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.barometer ethno
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. These figures do not include IVA
tax payments
made to date, which measure in the millions of dollars. It is clear that these payments fuel economic
prosperity, with much of the money invested and reinvested throughout
the country.
Progress
in these and other sustainability programs will be reported
in the Annual Monitoring Report to be
released shortly.
In addition, Agere announced the winners of its Strategic Supplier Awards
,
which recognize singular leadership across specific commodity areas:
-- Eastern Co. Customers
in Canada may call 1-800-553-2448.
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.
microfinance capacities
The Integrated
Community Development
Plan (ICDP) that resulted from these efforts contains the roadmap for
multi
-sector development.
email requests for investor packets to: info@glamis. These companies were
chosen from Agere's worldwide supplier base
for their global support, strategic products and commitment
to enhancing
Agere's competitive position.ethno 1763
Sixteen suppliers recognized for excellence in providing
materials, equipment
and services; Eastern Co.
(Logo: http://www.capacities bantu
, Acknowledging
the importance of its
supply chain in driving operational excellence, Agere Systems (NYSE: AGR)
today
announced that 16 businesses were honored as its 2005 Strategic
Suppliers. may also call the Agere
Systems Customer Response Center
at 1-800-372-2447.oneworld diaspora
Salary scales and benefits packages exceed
country
averages (in 2004, Marlin's average wage rate amounted to
235% of the Guatemala minimum wage). 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.zeitlyn undertake
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. 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. 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.com
email
questions/correspondence to: michaels@glamis.
-- Amkor Technology Inc.
-- Eastern Co
.
This release contains forward-looking statements based on information
currently available
to Agere.mortuary livelihoods
Royalties
Immediately upon mine production, royalty payments to government
entities
will commence.newscom.crucial bantu
Average employment over the mine life will be 400 men and
women, with a large
majority of those employees drawn from the
surrounding communities.com or contact one of Agere's
regional sales offices.
Customers in the U. These risks and uncertainties include,
but are not
limited to, our reliance on major customers and suppliers, our
ability to keep pace with technological
change, our dependence on new product
development, price and product competition, availability of
manufacturing
capacity, customer demand for our products and services, and general industry
and
market conditions. For a further discussion of these and other risks and
uncertainties, see our annual
report on Form 10-K for the fiscal year ended
September 30, 2004, and our quarterly report on Form
10-Q for the quarter
ended June 30, 2005.autobiographies yee
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. The ICDP is designed to improve the quality
of lives
in the communities for the immediate future and beyond the
life of the mine. is a premier intermediate
gold producer with
low-cost gold mines and development projects in Nevada, Mexico and
Central
America.com
Glamis Gold Ltd.
"Strong supplier relationships are fundamental to strengthening
both our
competitive position and those of our customers, and we thank Eastern, TSMC,
Oracle and
all of our strategic suppliers for their efforts in ensuring our
success," said Linton. Fax inquiries
may be directed
to 1-610-712-4106, or e-mail queries to docmaster@agere.mortuary emeagwali
(TSX:GLG)(NYSE:GLG) today
issued the second in
an announced series of communications relating to its Marlin project
in western
Guatemala. For the purpose of these
projections, an assumption of that conversion is included in
the
economic figures contained in this release. Additional donations have been
provided by a variety
of NGOs.com/cgi-bin/prnh/20040618/AGERELOGO )
"As a semiconductor provider, Agere understands
firsthand the value a
strong supplier can bring to the success of a customer," said Tom Linton,
chief
procurement officer at Agere Systems.colonialism autobiographies
----Glamis Gold Ltd.
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. In addition to significantly
increased income to local residents, providing
quality jobs in this
area of substantial poverty has other important benefits. (TSMC)
--
Teradyne Inc.
Agere's products connect people to information and entertainment at home, at
work
and on the road -- enabling the connected lifestyle.
For more information, customers may visit
Agere's Web site at
http://www.agere.mortuary ethno
Glamis Gold Ltd.
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. 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.
-- Federal Express Corporation
-- Oracle Corporation
-- Semiconductor Manufacturing International Corp.
--
Taiwan Semiconductor Manufacturing Company, Ltd.S.yee mortuary
These combined royalties amount to greater than
$14 million over the
mine life. Another $6 million is projected for
property and social security
taxes. Plans call for growth from 400,000 ounces of gold
production in 2005 to over 700,000 ounces
in 2007. Ltd."
Now in its third year, Agere's Strategic Supplier Initiative was held this
week
at the company's Lehigh Valley Central Campus, inviting representatives
from each supplier to thank
them for their continuous improvement in providing
materials, equipment and services.mortuary ancestor
3
million
ounces of silver (of which 83% is expected to be recovered). Additionally, last year the Company
volunteered
to contribute a royalty to the neighboring municipality
of Sipacapa in the amount of 0.
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.
Project Status
Construction
of the Marlin project is now approximately 70%
complete.
-- ARM Holdings PLC
-- ASM
Pacific Technology Ltd. was named Agere's Outstanding Supplier Overall as well as
Best-in
-Class Supplier of Direct/Indirect Material
-- TSMC was named Best-in-Class Supplier - Contract
Manufacturing, and
also received Agere's Most Improved Supplier Award
-- Oracle Corp
. was named Best-in-Class Supplier - General Procurement
"For the second consecutive year
, Eastern Co. "Eastern Co provides packaging
substrates for Agere silicon, and has consistently met
every technical and
market requirement - from expedited prototype deliveries to demand
fluctuations
- while offering competitive pricing and security of supply.emeagwali ethnicities
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. Agere's 16
Strategic Suppliers for 2005
are (listed alphabetically):
-- Advanced Semiconductor Engineering Inc.
-- Chartered
Semiconductor Manufacturing Ltd.
-- Shinko Electric Industries Co, Ltd.com.autobiographies strengthens
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