-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L2vNRIGz0IqNWBTKzHRW4kqSbHhimeru4n8saTSZip7gz4ZF1AlX0mk1MvT0mfk8 2qnNEYNEGw6djlfKM6J+Dg== 0000927356-97-000100.txt : 19970225 0000927356-97-000100.hdr.sgml : 19970225 ACCESSION NUMBER: 0000927356-97-000100 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970205 ITEM INFORMATION: Other events FILED AS OF DATE: 19970205 SROS: AMEX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLAS CORP CENTRAL INDEX KEY: 0000008302 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 135503312 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02714 FILM NUMBER: 97518127 BUSINESS ADDRESS: STREET 1: 370 SEVENTEENTH ST STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038251200 MAIL ADDRESS: STREET 1: 370 SEVENTEENTH STREET STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: February 5, 1997 Date of earliest event reported: February 4, 1997 ATLAS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-2714 13-5503312 (State of (Commission (IRS Employer Incorporation) File Number) Identification No.) 370 SEVENTEENTH STREET, SUITE 3050 DENVER, COLORADO 80202 (Address of principal executive offices) (303) 629-2440 (Registrant's telephone number, including area code) Page 1 of 6 ITEM 5. OTHER EVENTS The news release dated February 4, 1997 a copy of which is attached as Exhibit 1 hereto, is incorporated herein by reference and made a part hereof. Page 2 of 6 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATLAS CORPORATION Date: February 5, 1997 By: /s/ James R. Jensen ---------------------- James R. Jensen Treasurer and Controller Page 3 of 6 EXHIBIT INDEX Exhibit No. Description Page No. - ----------- ----------- -------- 1. News Release dated February 4, 1997 5 Page 4 of 6 EX-1 2 NEWS RELEASE - RESULTS FOR BOLIVIAN OPERATIONS Exhibit 1 ATLAS CORPORATION NEWS RELEASE 370 SEVENTEENTH STREET, SUITE 3050 NYSE: AZ DENVER, CO 80202, USA ATLAS ANNOUNCES FIRST PRODUCTION RESULTS FOR BOLIVIAN OPERATIONS ----------------------- DENVER, COLORADO - FEBRUARY 4, 1997 - ATLAS CORPORATION announced today fourth quarter 1996 production results for its zinc, lead and silver Andacaba Mine located in the Potosi district of southern Bolivia, South America. The mine is operated by its wholly-owned subsidiary Arisur, Inc. Atlas acquired Arisur, which owns and operates the Andacaba and Don Francisco mines, in October of 1996. The Don Francisco Mine underwent mine development work during the last quarter of 1996, resulting in minimal ore production. ANDACABA 1996 4TH QUARTER PRODUCTION RESULTS -------------------------------------------- TONNES % Tonnes % Tonnes oz/Tonne ounces Milled Zinc Zinc Lead Lead Silver Silver - ------------------------------------------------------------------------- OCTOBER 6,853 6.44 312 2.64 134 8.41 46,097 - ------------------------------------------------------------------------- NOVEMBER 6,466 7.70 359 2.84 137 9.10 48,234 - ------------------------------------------------------------------------- DECEMBER 5,857 7.54 327 2.69 115 8.50 41,331 - ------------------------------------------------------------------------- 4TH Q 19,176 7.20 998 2.72 386 8.63 135,662 - ------------------------------------------------------------------------- Arisur has begun an expansion program to increase mill capacity from 200 tonnes per day to 450 tonnes per day, which restricted Andacaba production during the latter part of the quarter. Expansion programs for both mines are currently underway and are expected to be completed in the first half of 1997. In addition to the Andacaba and Don Francisco mines, the Company recently acquired the Koyamayu zinc, lead and silver property, also in southern Bolivia. Based on results of recent limited production, the Company anticipates commencing commercial production at Koyamayu at an estimated rate of 50 to 100 tonnes per day, during the second half of 1997. Based on prior production, grades for the Koyamayu ore are estimated to be 18% zinc, 4% lead and 3.5 oz silver per tonne. Atlas has also purchased the Vicormo Mill, located within 90 kilometers of Arisur's current operations. A capital Page 5 of 6 investment of approximately $250,000 will be required to put the facility into operation at a rate of 250 tonnes per day later this year. The Company plans to utilize the mill to process ore from surrounding mines in the second half of 1997 and is currently evaluating its potential to process ore from the Don Francisco and Koyamayu properties. "These recent acquisitions have returned Atlas to operating status and will generate positive cash flow," said Gregg Shafter, Vice President Project Development. "We will now focus our efforts in Bolivia on expansion of operations, including contemplated gold exploration concentrating on areas in and around our existing infrastructure there." Atlas Corporation is an international diversified mining company with zinc, lead and silver production in Bolivia, South America and gold development and exploration projects in North America. The Company anticipates that the southeast Oregon facility of Cornerstone Industrial Minerals Corporation, a majority-owned subsidiary, will begin production of the industrial mineral perlite later this month. FOR FURTHER INFORMATION PLEASE CONTACT: Gregg B. Shafter Leslie Young Vice President Project Development Director, Investor Relations Phone: 303-629-2439 Phone: 303-629-2435 Fax: 303-629-2445 Fax: 303-629-2445 ##### Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----