GOLD: Court rules against Kinross mine in Chile

CHILE – The supreme court of Chile has maintained the closure of the water pumping wells at the Maricunga gold mine owned by Toronto’s Kinross Gold. This is the latest chapter in a long dispute between the company and the local environmental regulator, SMA. [caption id="attachment_1003725168" align="alignleft" width="300"] The Maricunga gold mine before work was suspended in 2016. (Image: Kinross Gold)[/caption] The SMA originally ordered the pumps be shut down in 2016, and Kinross suspended operations two years ago, laying off 300 workers. The Maricunga mine was a heap leaching operation located between 4,200 and 4,500 metres high in the Atacama desert. The mine produced 212,155 oz. of gold equivalent in 2015. In the proven and probable reserves, there are about 1.0 million oz. Visit www.Kinross.com for information on the company’s other gold operations.