Canadian gold miner Centerra said on Tuesday that it would publish its updated technical study for the Mount Milligan gold/copper mine, in British Columbia, by late next month.
The miner is busy with a “comprehensive” technical review of the mine, which had operated at reduced capacity in recent years, owing to water issues.
Centerra said that while the extent of any chance in mineral reserves and resources could not be precisely determined until all the studies and modelling were completed, it noted that Mount Milligan’s mineral resources and resources would likely “materially reduce, with a resultant effect on the mine life”.