14.6 C
Supported byspot_img

Centerra’s Öksüt gold mine in Turkey begins with commercial production

Member of Europium Groupspot_img
Supported byspot_img

The Öksüt gold mine is located approximately 48km south of Kayseri in south-central Turkey and fully owned by Canadian mining and exploration firm Centerra and is located 295km to the south-east of Ankara.

Centerra Gold has announced commercial production from its Öksüt Mine in Turkey, four months after the company achieved its first gold pour at the operation. It is being developed as a conventional truck and shovel open-pit mining operation. The mine has an initial life of eight years.

Centerra Gold president and CEO Scott Perry said: “Commercial production at Öksüt marks a major milestone for the Company.

Supported by

“Öksüt was delivered on time and under budget. Centerra now has three producing operations which are expected to generate meaningful free cash flow as we continue to deliver growth and value for shareholders.”

The project received all regulatory permits in January 2018, while construction was started in March 2018. Centerra already operates two flagship assets, namely the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan mine in British Columbia, Canada. Öksüt is the company’s third operating asset.

In January this year, Centerra received all the necessary permits and approvals to restart open-pit mining at the Kumtor mine. In 2018, Kumtor mine produced 534,563oz of gold.

Source: mining-technology.com



Supported byElevatePR Digital

Related News

Expansion milestone: MetalsTech extends operations at Sturec gold mine in Slovakia for ten more years

It sounds like MetalsTech (MTC) has some exciting developments with its Sturec gold mine in Slovakia. The ten-year extension of its underground mining permit...

West African Resources provides production update for Sanbrado gold mine

West African Resources recently provided a production update for its Sanbrado gold mine in Burkina Faso. In the update, the company disclosed that it...

Strickland Metals expands portfolio: Secures Rogozna Gold Project in Serbia for growth initiatives

Strickland Metals Ltd has announced its acquisition of the Rogozna Gold Project, a significant move set to bolster its position in the global mining...

Exploring Europe’s mining heritage: From tradition to innovation

Europe's mining sector has left an indelible mark on the continent's history, driving economic growth and societal transformation for centuries. While its global dominance...
Supported by
Supported by
Supported by
error: Content is protected !!