The Canadian-based gold miner mentioned it is usually evaluating a number of potential technical options to take away the mercury within the gold restoration course of, together with a retort and scrubbing system within the ADR plant, previous to the restart of manufacturing.
The Öksüt mine turned Centerra’s third working mine in January 2020 when it poured its its gold. About 28.2 million tonnes of ore grading 1.3 g/t gold, containing a complete of 1.2 million ounces, are anticipated to be mined and stacked over an eight-year mine life.
Regardless of the momentary suspension, the Öksüt mine continues to mine ore, stack ore on the leach pad and course of ore throughout the ADR plant right into a gold-in-carbon kind.
The gold-in-carbon will likely be stockpiled till the re-start of the electrowinning course of, the place the restoration of gold from concentrated resolution happens, the corporate mentioned.
Centerra may even be evaluating the influence of this suspension on its 2022 steerage, which was raised to 400,000-450,000 ounces earlier within the 12 months.
It notes that via March 17 the Öksüt mine produced and offered over 54,000 gold ounces. The mine is anticipated to contribute someplace between 210,000 and 240,000 ounces in 2022.
Shares in Centerra Gold fell 3.9% by 12:10 p.m. ET Friday. The corporate has a market capitalization of C$3.6 billion.
