Centerra Gold Restarts Mill Operations At Mt. Milligan
CenterraGold Inc. (TSX: CG)says mill operations have partially resumed at the Mount Milligan copper andgold mine in British Columbia. They had been suspended in late 2017 due to lackof waster. The company says the mill is now utilizing one ball mill to minimizewater requirements. “During the restart phase, the company anticipates aramp-up period and there may be periodic commissioning downtime,” Centerrasays. “Mill operations are expected to achieve sustainable mill throughputlevels of approximately 30,000 tpd [tonnes per day] by mid-February.” Duringthe recent shutdown, Centerra undertook measures to increase the flow of waterinto the tailings storage facility from which the Mount Milligan mill draws allof its water requirements to supply milling operations. The company says itexpects to restart the second ball mill in April, returning mill operations tofull capacity, when additional fresh water becomes available from surfacerun-off after the spring melt.
By Allen Sykoraof Kitco News; asykora@kitco.com
Alacer GoldMeets 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, thesulfide project expansion continues at the 80%-owned ????plerGold Mine in Turkey. “We ended 2017 on a high note, meetingproduction guidance with 168,163 ounces producedand beating all-in sustaining cost guidance at $686 per ounce,” saysRod Antal, president and chief executive officer. “We move into 2018 with momentumas we focus our attention on the start-up of the sulfide plant in just a fewmonths. The????plersulfideproject willbedeliveredunderbudgetasthe capitalcost estimate progressively decreases; at year end, the reduced estimate was $705 million.”The company says the sulfide project is over 75% complete, withdry commissioning taking place in some areas. Thefirst gold pour is expected in the third quarter.
By Allen SykoraFor Kitco News
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