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Centerra Seeks Amended Permit For More Water At Mount Milligan

Kitco News

Centerra Gold Inc. (TSX: CG) has asked the government of British Columbia for more water for the Mount Milligan Mine, saying throughput may be curtailed without a greater supply. Centerra has asked the BC Environmental Assessment Office to amend to a certificate to provide additional short-term water sources through 2020 and to initiate the development of a longer-term water supply plan for subsequent years. For short-term needs, the amendment seeks permission to access additional water from groundwater wells as well as from surface water sources at Philip Lake, Meadows Creek and Rainbow Creek. Centerra says it is carrying out consultations with regulatory bodies and Indigenous groups. “In the short term, there is a risk that throughput levels at Mount Milligan may need to be reduced in the fourth quarter of 2018 if, among other things, the company does not receive regulatory approval to access these further groundwater and surface water solutions on its expected timeline; the flows from presently permitted or new sources are not as great as expected; dry weather conditions experienced in the first half of 2018 persist in the second half of 2018; the company is unable to recover significant amounts of water that has drained into sands and gravels within Mount Milligan’s tailings management facility; or actual water levels in Mount Milligan’s tailings management facility vary significantly from those predicted in the Mount Milligan’s water model, which is the subject of ongoing evaluation and refinement.”

By Allen Sykora of Kitco News; asykora@kitco.com

 

Goldcorp Hikes Investment In Gold Standard Ventures

Thursday July 05, 2018 08:21

Gold Standard Ventures Corp. (TSX, NYSE AMERICAN: GSV) officials say they have been advised by Goldcorp Inc. (TSX: G, NYSE: GG) that the latter has acquired an additional 7.3 million shares of Gold Standard. This increases Goldcorp’s ownership of Gold Standard from 9.86% to 12.73% of the outstanding shares, which is for investment purposes. Goldcorp now owns some 32.4 million Gold Standard shares. Gold Standard Ventures Corp. is an advanced-stage, gold-exploration company focused on properties in Nevada.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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