ICYMI Centerra Gold shares plummet as permit issue halts production from Turkish mine
The Toronto-based company now aims to produce 245,000 to 256,000 ounces of gold compared to its previous guidance range of 400,000 to 450,000 ounces after revealing that it doesn’t expect further gold production this year from its Oksut mine in Turkey.
“We have met with the ministry of environment yesterday and in terms of the solution … they have recommended that we file a new EIA,” the company’s CEO, Scott Perry, said during a conference call with investors on Wednesday. The company is upgrading its facilities to prevent recurrence, a process that is expected to be completed by the end of this year.
Following these discussions with the ministry, Centerra was asked to submit a new EIA altogether. “I am hopeful that it will be an expedited process, but I can’t really any more clarity or visibility,” said Perry when asked when the EIA is likely to be approved.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano holders not in mood to trade should read this firstCardano’s native cryptocurrency ADA has been hovering within the $0.49 and $0.55 price range since the end of July. This is after a bit of recovery from its bottom a few weeks ago. This range suggests that the bullish momentum has been limited and some price observations suggest that more downward pressure might be on […]
Read more »
THE BIG READ: How short-term vacation rentals are ruining the neighbourhoodLiving next door to a ‘ghost hotel’ has become a nightmare for many Ontario homeowners. Cities and towns across the province are struggling to keep the peace without turning away tourists
Read more »
Health unit awaits further monkeypox vaccine supplyRead the full story and comment on Tbnewswatch.com
Read more »
Arbitrator dismisses grievances filed by correctional officers at District JailRead the full story and comment on Tbnewswatch.com
Read more »
Drones set sail on Lake SuperiorRead the full story and comment on Tbnewswatch.com
Read more »
Bus pass deals extended for LU, Con College studentsRead the full story and comment on Tbnewswatch.com
Read more »