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GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2020
Jan 29, 2020
65003_rns_2020-01-29_3da2147c-8938-4e8e-acc4-089518ef273b.pdf
Capital/Financing Update
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ASX RELEASE
30 January 2020
For immediate release to the market
GR Engineering Announces US$4.5M EPCM Service Agreement for the San Dimas Silver Mine in Durango, Mexico
GR Engineering Services Limited (GNG.ASX) (GR Engineering) is pleased to announce that its wholly owned subsidiary GR Engineering Services Americas, Inc. has been appointed by First Majestic Silver Corp. (First Majestic) to supply Engineering, Procurement and Construction Management (EPCM) services to its San Dimas Silver Mine in Durango, Mexico.
Under an approved purchase order provided by First Majestic with a value of US$4.5 million, GR Engineering Services Americas, Inc. has been engaged, ahead of the entry into an EPCM contract, to provide engineering, installation and commissioning of a new HIGmill circuit and a new autogenous mill to replace the existing crushing and ball mill circuits.
Commenting on GR Engineering Services Americas, Inc’s. appointment, Mr Geoff Jones, Managing Director said:
“GR Engineering Services Americas, Inc., supported by its new subsidiary, Hanlon Engineering & Associates Inc., is pleased to have been engaged by First Majestic on the San Dimas mill modernization project which is aligned with our growth strategy in the Americas. We look forward to working with the First Majestic team on this exciting project at their San Dimas operation.”
Ends.
For further information please contact:
Geoff Jones Managing Director +61 8 6272 6000 [email protected]
Omesh Motiwalla
CFO & Company Secretary +61 8 6272 6000
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GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: [email protected] Website: www.gres.com.au PO Box 258, Belmont WA 6984 71 Daly Street, Ascot WA 6104