- Centerra Gold Inc. (CG) reports that operations at its Mount Milligan Mine have been disrupted
- This is due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals
- The 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
- Centerra Gold Inc. (CG) is down 4.76 per cent and is trading at $10.00 per share as of 11:44 a.m. ET
Due to the recent heavy rain, Centerra Gold (CG) reports that operations at its Mount Milligan Mine have been disrupted.
On Monday the province experienced a record-breaking amount of rainfall for the month of November resulting in mass flooding throughout the Southern parts of British Columbia.
The disruption affects the movement of Mount Milligan’s concentrate to Vancouver terminals as well as the delivery of parts and supplies to the mine.
Production at the Mount Milligan Mine has not been impacted at this time.
The overall impact on production and sales will be dependent on, among other things, the duration of the rail disruption.
Centerra Gold is focused on protecting the health and safety of employees and contractors and the company continues to monitor the situation.
Mount Milligan is a copper-gold mine located 155 kilometres northwest of Prince George, British Columbia.
Centerra Gold has an Impact Benefit Agreement in place with Nak’azdli Whut’en as well as a Socio-Economic Agreement signed with McLeod Lake Indian Band.
Centerra Gold Inc. (CG) is down 4.76 per cent and is trading at $10.00 per share as of 11:44 a.m. ET.