Toronto-based gold mining company Centerra Gold Inc. has completed the acquisition of Thompson Creek Metals Company Inc., which operates the Mount Milligan Mine near Fort St. James and the Endako Mine near Fraser Lake. According to a news release on July 5, Centerra will acquire all issued and outstanding common shares of Thompson Creek. At Mount Milligan, plans include the addition of secondary crushing by the end of 2016 to increase the process rate to over 62,500 tonnes per day and an expansion of the flotation circuit to enhance gold and copper recoveries. However, the Endako Mine will remain on care and maintenance. Alongside Mount Milligan, Centerra’s portfolio encompasses assets such as the Kumtor Mine in the Kyrgyz Republic and the Boroo Mine in Mongolia. The company also holds the Oksut Gold project in Turkey and is a joint venture partner in the Trans-Canada Project in Ontario.
Source and Credit: ominecaexpress.com
