Tag Archives: Scott Perry

Centerra’s Öksüt gold mine makes commercial leap

Mine operation news, Mineral project development, Precious metals, , , , ,

Centerra Gold has declared that its Öksüt gold mine in Turkey has achieved commercial production.

The achievement, made as of May 31, 2020, comes four months after the first gold pour on January 31.

Since the inaugural pour, the mine has continued to ramp up mining, crushing, stacking, irrigation of the heap leach pad, as well as the operation of the adsorption-desorption recovery plant and gold production, Centerra said.

Scott Perry, President and CEO, said: “Commercial production at Öksüt marks a major milestone for the company. Öksüt was delivered on time and under budget.

“Centerra now has three producing operations which are expected to generate meaningful free cash flow as we continue to deliver growth and value for shareholders.”

Öksüt was planned as a conventional truck and shovel open-pit heap leach mining operation with a stacking rate of 11,000 t/d. The initial eight-year mine life was expected to process around 1.2 million contained ounces of gold from two open pits, the Keltepe pit and the smaller Güneytepe pit.

Centerra Gold’s Öksüt mine comes to life with first pour

Mine operation news, Mineral project development, Precious metals, , , , ,

Centerra Gold has achieved the first gold pour from its Öksüt mine, in Turkey, on schedule and ahead of budget.

Additionally, the project achieved a significant safety milestone last week, achieving two million work hours lost time injury free.

Scott Perry, President and Chief Executive Officer of Centerra, said: “This is an important milestone for the project and for the growth of the company as Öksüt is now our third operating mine and our third source of gold production going forward. Reaching the first gold pour is a testament to the dedication and hard work that our Öksüt team has put in to reach this goal safely.”

He added: “This milestone would not have been achieved without the initial conviction and perseverance from the Centerra exploration team given that the Öksüt mine, originally started as a greenfield exploration venture in 2009.”

Öksüt was planned as a conventional truck and shovel open-pit heap leach mining operation with a stacking rate of 11,000 t/d. The initial eight-year mine life was expected to process around 1.2 million contained ounces of gold from two open pits, the Keltepe pit and the smaller Güneytepe pit.