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Centerra secures $150m credit facility to develop Öksüt in Turkey

Canadian gold producer Centerra Gold has secured a $150-million project financing term loan that it would use to develop the Öksüt project, in Turkey.

The company’s Turkish subsidiary Öksüt Madencilik Sanayi ve Ticaret (OMAS) will use the facility to finance a substantial portion of the construction, development and operation of the Öksüt gold mine and its related infrastructure, in the Kayseri region of central Turkey.