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Centerra Gold Restarts Mill Operations At Mt. Milligan

Kitco News

Centerra Gold Inc. (TSX: CG) says mill operations have partially resumed at the Mount Milligan copper and gold mine in British Columbia. They had been suspended in late 2017 due to lack of waster. The company says the mill is now utilizing one ball mill to minimize water requirements. “During the restart phase, the company anticipates a ramp-up period and there may be periodic commissioning downtime,” Centerra says. “Mill operations are expected to achieve sustainable mill throughput levels of approximately 30,000 tpd [tonnes per day] by mid-February.” During the recent shutdown, Centerra undertook measures to increase the flow of water into the tailings storage facility from which the Mount Milligan mill draws all of its water requirements to supply milling operations. The company says it expects to restart the second ball mill in April, returning mill operations to full capacity, when additional fresh water becomes available from surface run-off after the spring melt.

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

 

Alacer Gold Meets 2017 Production Guidance

Tuesday February 06, 2018 09:04

Alacer Gold Corp. (TSX: ASR; ASX: AQG) says it met output guidance and beat cost guidance last year. The company posted a net profit of $82 million or 28 cents per share. Meanwhile, the sulfide project expansion continues at the 80%-owned Çöpler Gold Mine in Turkey. “We ended 2017 on a high note, meeting production guidance with 168,163 ounces produced and beating all-in sustaining cost guidance at $686 per ounce,” says Rod Antal, president and chief executive officer. “We move into 2018 with momentum as we focus our attention on the start-up of the sulfide plant in just a few months. The Çöpler sulfide project will be delivered under budget as the capital cost estimate progressively decreases; at year end, the reduced estimate was $705 million.” The company says the sulfide project is over 75% complete, with dry commissioning taking place in some areas. The first gold pour is expected in the third quarter.

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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