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Centerra: Mount Milligan Processing Halted Due To Water Shortage

Kitco News

Centerra Gold Inc. (TSX: CG) reports that mill-processing operations at the Mount Milligan mine in British Columbia have been temporarily suspended due to insufficient water. Processing is expected to resume at partial capacity by the end of January and at full capacity after the spring melt, the company says. Centerra reports that last spring and summer were drier than normal, with the water shortage now exacerbated by cold temperatures that meant a greater-than-expected loss of water volumes in the tailing storage facility due to ice formation. “The company expects that additional fresh water will become available after the spring melt, typically in April, at which time it expects to restart the second ball mill, returning mill processing operations to full capacity,” Centerra says, although cautioning that “natural forces can be unpredictable.” The company will accelerate maintenance during the downtime, Centerra says. So far in 2017, the Mount Milligan mine has produced approximately 225,000 ounces of gold and approximately 54 million pounds of copper.

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

 

SSR Mining: EIA Approved For Chinchillas Project

Thursday December 28, 2017 09:09

SSR Mining Inc. (NASDAQ, TSX: SSRM) says Argentine authorities have approved the environmental impact assessment for Puna Operations Inc.'s Chinchillas project. Development will begin, and the first ore feed to the Pirquitas mill is expected in the second half of 2018. Puna Operations Inc. is a joint venture comprised of the Pirquitas property and the Chinchillas property, owned 75% and operated by SSR Mining. The Chinchillas project is a silver-lead-zinc deposit. The operation is expected to produce a silver-lead concentrate and a zinc concentrate with an average annual production of 6.1 million ounces of silver, 35 million pounds of lead and 12.3 million pounds of zinc, SSR Mining reports. “Brownfields development of Chinchillas is a low-capital, short-payback opportunity to create value and growth for our shareholders in the near term," says Paul Benson, president and chief executive officer.

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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