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Centerra says Öksüt mine continuing as normal after Turkey-Syria earthquake

Centerra Gold (TSX: CG) (NYSE: CGAU) says its Öksüt mine located in central Türkiye is continuing to operate normally after two powerful earthquakes occurred approximately 180 km from the mine site Monday morning.

“There were no injuries to our employees or contractors at the mine, or at the company’s other offices within Türkiye, and initial inspections have not detected any damage to the infrastructure at the Öksüt mine,” Centerra confirmed in a news release Monday.

“Centerra offers its condolences to the people of Türkiye and all those that have lost loved ones in this natural disaster,” Paul Wright, Centerra’s interim president and CEO, commented.

“The company has mobilized an emergency response team from the Öksüt mine to assist Turkish state emergency preparedness authorities and regional disaster response organizations, and will continue to provide support where possible,” he added.

Located in the Kayseri province of south-central Türkiye, the Öksüt mine represents Centerra’s third operating mine, pouring its first gold in January 2020 and achieving commercial production five months later.

According to the Öksüt feasibility study, about 28.2 million tonnes of ore grading 1.3 g/t gold, containing a total of 1.2 million ounces, are expected to be mined and stacked over an eight-year mine life.

Shares of Centerra shot up 1.3% by 12:15 p.m. ET Tuesday, giving the Canadian-based gold miner a market capitalization of C$1.92 billion ($1.43 billion).

Source: MINING.COM – Read More