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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-01-12 C$ 22.69
Recent Sedar Documents

SNC-Lavalin wins $30M (U.S.) contract from Coeur

2021-01-12 09:41 ET - News Release

Mr. Cesar Inostroza reports

SNC-LAVALIN AWARDED CONSTRUCTION MANAGEMENT SERVICES CONTRACT BY COEUR MINING FOR ROCHESTER POA 11 PROJECT IN US

SNC-Lavalin Group Inc. has been awarded a $30-million (U.S.) contract by Coeur Rochester Inc., a wholly owned subsidiary of Coeur Mining Inc., to provide construction management services for the plan of operations, amendment No. 11 (POA 11), expansion project at Coeur's Rochester mine near Lovelock, Nev. The contract commenced in fourth quarter 2020 and is estimated to be completed by the end of 2022. This win is aligned with SNC-Lavalin's new strategy moving forward in the services segment.

"SNC-Lavalin's mining and metallurgy strategic plan is gaining traction with this mandate. It is an example of the mining services work that our team is winning across our core geographies, including the United States of America. SNC-Lavalin and Coeur continue to foster a strong relationship that finds and executes services solutions to create world-class operations," said Cesar Inostroza, senior vice-president, mining and metallurgy, SNC-Lavalin. "This award is a testament to the continued partnership between SNC-Lavalin and Coeur. It leverages our knowledge of the Rochester mine and engineering expertise from the previous phase of this project and expands our work in the U.S."

The POA 11 expansion project includes the construction of a new crushing plant, including a primary, secondary and tertiary crushing circuit (high-pressure grinding rolls (HPGR)), a new heap leach pad (300 million tons), a new Merrill Crowe process plant (13,750 gallons per minute) and upgrades to existing electrical utility system infrastructure, including a new substation and power distribution lines. This mandate is well aligned with the company's expertise in silver, gold and base metal project delivery as well as the company's commitment to delivering real value to its clients. SNC-Lavalin's offices in Reno, Nev., and Toronto, Ont., will continue to support the construction management phase of the project. In addition, a team based locally at the site will manage construction-related activities.

"The strong business partnership between Coeur and SNC-Lavalin will help ensure a robust project delivery for Rochester, paving the way for improved performance in the future," said Terrence F.D. Smith, Coeur's senior vice-president and chief development officer. "All of us at Coeur look forward to continue working with SNC-Lavalin as we advance this pivotal project."

Since approval of the initial plan of operation in 1986, the Rochester mine has undergone periodic mine plan amendments to support development projects and continued operations. The plan of operations, amendment No. 11 (POA 11), proposes another mine life extension, which is expected to maintain the current work force and support full production activities at Rochester until 2033. Coeur's Rochester mine is located 100 miles northeast of Reno near Lovelock, Nev. It is an open-pit mining operation that produces silver and gold. Mining methods include typical open-pit techniques where ore and waste rock are drilled, blasted, crushed, loaded and hauled to either leach pads (ore) or rock disposal sites.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset life cycle. The company's expertise is wide ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital. People. Drive. Results.

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