TORONTO (miningweekly.com) – TSX-listed South American Silver this week announced that it would change its name to TriMetals Mining, which it believes more accurately reflects its expanded focus.
The Vancouver-based firm on Thursday said that the name was more appropriate in terms of both metals and jurisdictions, particularly following the expropriation of its Malku Khota silver/indium project, in Bolivia, in 2012, and the acquisition of High Desert Gold Corp and its Gold Spring gold/silver project along the Nevada/Utah border in late 2013.
The name change was expected to become effective in late March after PDAC 2014. The company would continue to be listed on the TSX and, once the name change had been completed, would trade under the new trading symbols ‘TMI’ and ‘TMI.B’. The trading symbols on the US OTCQX were still pending.
"Given that the company is now focused on the exploration and development of gold and copper projects in the Americas, along with the international arbitration case against the Bolivian government, we feel that a new name and image is appropriate. We believe that this new name and image more accurately reflect the focus and activities of the company,” president and CEO Ralph Fitch said.