SEATTLE (Scrap Monster): Vancouver, B.C.-headquartered Soma Gold Corp. announced that it has decided to temporarily suspend mining and processing operations at its El Bagre, Colombia Gold Mining Complex. The move is on account of ongoing civil unrest in the region.
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The small alluvial miners have been protesting against the government’s decision to enforce new mining and environmental rules. The protests are unlikely to target legal underground mining operations such as Soma’s mine and mill. However, the company has decided to suspend operations as part of ensuring the safety of its workers.
The government authorities noted that it is actively working towards resolution of the conflict at the earliest.
The company press release stated that it will continue to maintain all systems at “ready status”, so as to enable restart of operations at the earliest. The temporary suspension of operations at El Bagre is not feared to have any material impact on its production guidance of 35,500 ounces for the full year 2023.
The El Bagre gold mine had recorded production of 2,680 AuEq ounces in January this year, 47% higher than the production during the same month a year before and 24% higher than the January 2023 budget.
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