Kinross Suspends Operations at Maricunga Mine in Chile Due to Heavy Rains

Gold Investing

Kinross Gold Corp. (TSX:K;NYSE:KGC) announced that due to heavy rains causing flooding and damaging infrastructure in Chile’s Northern Atacama region, operations at its Maricunga mine and the SART plant, have been temporarily suspended.

Kinross Gold Corp. (TSX:K,NYSE:KGC) announced that due to heavy rains causing flooding and damaging infrastructure in Chile’s Northern Atacama region, operations at its Maricunga mine and the SART plant, have been temporarily suspended.

As quoted in the press release:

The ADR plant continues to operate, producing gold from existing material in the heap leach. The Company is assessing the extent of the damage to roads and power lines to Maricunga, which is located 120 km east of the city of Copiapó, at approximately 4,500 meters above sea level. The main road to Maricunga from Copiapó is currently impassable and power lines are down. The site is relying on generators to supply electricity to the camps and operate the ADR plant. Facilities at site have not sustained any damage.

At this time, Kinross does not anticipate that the temporary suspension of operations will impact the Company’s regional production guidance for the year. The Company will provide an update on Maricunga’s status once more information is available.

Click here to read the full Kinross Gold (TSX:K;NYSE:KGC) press release.

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