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Centerra Gold Receives Water Approval For Mount Milligan

Kitco News

Centerra Gold Inc. (TSX: CG) says British Columbia’s Environmental Assessment Office has approved an amendment to the Mount Milligan environmental assessment certificate to permit access to additional sources of surface water and groundwater. This will provide water for use in Mount Milligan’s milling operation from Philip Lake, Rainbow Creek and Meadows Creek until Nov. 30, 2021. The company says it will also be permitted to access groundwater within a radius of six kilometers of the Mount Milligan Mine for the life of the mine. “We are delighted that Mount Milligan has received these crucial approvals for water access over a three-year period, which will allow processing operations to return to full capacity and pave the way for Mount Milligan to realize its full potential,” says Scott Perry, president and chief executive officer.

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

 

Newmont, Goldcorp Obtain Another Regulatory Approval For Merger

Wednesday February 27, 2019 08:37

Newmont Mining Corp. (NYSE: NEM) and Goldcorp Inc. (NYSE: GG, TSX: G) jointly report that they received another regulatory approval for their planned merger this week when South Korea government issued a letter stating that the proposed combination would not violate the Monopoly Regulations and Fair Trade Act. This comes after the Canadian Competition Bureau earlier this month issued a “no action” letter clearing the transaction. “We continue making steady progress in securing the necessary approvals to close our transaction with Goldcorp in the second quarter as previously announced,” says Gary Goldberg, Newmont’s chief executive officer. Newmont officials indicated earlier this week they plan to go ahead with the Goldcorp merger despite a takeover offer from Barrick Gold Corp. (NYSE: GOLD; TSX: ABX).

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

 

OceanaGold: High-Grade Intercepts Of Gold At Haile Mine

Wednesday February 27, 2019 08:37

OceanaGold Corp. (TSX, ASX: OGC) reports high-grade intercepts at its Haile Gold Mine in South Carolina. Key results since the last update in August include 68.3 meters at 3.57 grams per tonne of gold at the Snake expansion, 24.4 meters at 8.19 g/t at Snake, 33.4 meters at 4.33 g/t at Ledbetter, 15.1 meters at 9.26 g/t at Ledbetter, 24.5 meters at 3.21 g/t Ledbetter, and 20.1 meters at 7.23 g/t at Red Hill. “Drilling continues to demonstrate the opportunity to add further resources in these areas and replenish reserves,” says Mick Wilkes, president and chief executive officer. “With the permitting process of the larger open pits and the Horseshoe Underground advancing well, we expect to commence construction upon receipt of these permits. After the Horseshoe Underground has been developed, we also expect to resume drilling deeper targets from underground using a similar approach to that taken at Waihi, particularly the mineralized corridor between Horseshoe and Palomino.”

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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