Centerra Gold says heavy rains disrupted rail service to Mount Milligan mine
(Kitco News) - Centerra Gold (TSX: CG) (NYSE: CGAU) reported today that due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals and the company's Mount Milligan mine has been temporarily disrupted.
The company said that this disruption affects the movement of Mount Milligan's concentrate to Vancouver terminals as well as the delivery of some parts and consumables to the mine.
"Production at the Mount Milligan Mine has not been impacted at this time; however, the overall impact on production and sales will be dependent on, among other things, the duration of the rail disruption. Centerra is focused on protecting the health and safety of employees and contractors and we are continuing to closely monitor the situation," the company noted in a statement.
Centerra Gold is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Turkey and other markets worldwide. Centerra operates two mines: the Mount Milligan mine in British Columbia, Canada, and the ?-ks? 1/4 t mine in Turkey.
The company indicated that while it still owns the Kumtor mine in the Kyrgyz Republic, it is currently no longer under the company's control. The company also owns the pre-development stage Kemess Underground Project in British Columbia, Canada and owns and operates the Molybdenum Business Unit in the United States.
By Vladimir BasovFor Kitco News
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