Campbell Resources Inc.: Resumption of Milling Operations.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 19, 2002 Campbell Resources Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CCH CCH Colegio de Ciencias y Humanidades (Spanish) CCH Certified Clinical Hypnotherapist CCH Cook County Hospital CCH Certified in Classical Homeopathy CCH Country Club Hills (Fairfax City, VA, USA) .) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBLRF) announces it has resumed milling of ore produced from the Joe Mann mine at its Chibougamau mill. In November 2001, Campbell announced the beginning of exploration and development activities at the Joe Mann mine. The progress of these activities allows for the full resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the of mining operations following the mining plan established in the summer of 2001. The daily production rate will be 1,040 tons per day, on a 5 day per week basis. Milling of the material will be carried out on a 4 day per week schedule at an average rate of 1,300 tons per day. This year's annual production is expected to reach 227,000 tons yielding 56,600 ounces of gold, 19,800 ounces of silver and 1.2 million pounds of copper. To date, a total of 135 of the 175 employees have been recalled. When operations were halted in November 2000, nearly 250 employees worked at the mine and at the mill. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain information contained in this release contains "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and is subject to certain risks and uncertainties, including those "Risk Factors" set forth in the Campbell's current Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000. Such factors include, but are not limited to: differences between estimated and actual mineral reserves and resources; changes to exploration, development and mining plans due to prudent reaction of management to ongoing exploration results, engineering and financial concerns; and fluctuations in the gold price which affect the profitability and mineral reserves and resources of Campbell. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Campbell undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments. |
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