Gold miner SSR Mining on Tuesday noticed its Toronto-listed shares plunge greater than 50% after it suspended manufacturing at a mine in jap Türkiye after a large landslide, which left a minimum of 9 miners lacking.
The treasured metals producer stated in a regulatory submitting that operations have been suspended because of a “large slip on the heap leach pad.”
Çöpler within the city of Iliç within the mountainous Erzincan province is Denver, Colorado-based SSR Mining’s second-largest producing gold mine.
It produced 56,768 ounces of gold within the third quarter of final 12 months and has been working since 2010. The mine is run by personal firm Anagold, 80% of which is owned by SSR Mining and 20% by Lidya Mining.
The inventory slide worn out about CA$1.4 billion ($1.03 billion) from the corporate’s market worth.
Security footage confirmed a large mound of soil, which authorities stated had been processed for gold and piled on the hills, quickly crumbling and flowing into the valley in a deluge of earth and rocks, sending clouds of mud into the air.
The Urbanization, Environment and Climate Change Ministry stated in a press release {that a} stream resulting in the Euphrates was closed to stop water air pollution. Erzincan Governor Hamza Aydoğlu additionally stated there was no leakage into the waterway.
Some 800 search and rescue personnel, together with police and navy groups, mine rescuers and volunteers, have been deployed to seek out the mine staff, Interior Minister Ali Yerlikaya stated early Wednesday.
Other staff on the mine have additionally joined the efforts to rescue their colleagues.
“In order to closely coordinate the rescue work, I will interrupt my international program with our president and move to the region as of tonight,” Energy and Natural Resources Minister Alparslan Bayraktar stated in a posting on X, previously Twitter.
The authorities stated it has launched an investigation into the incident.
Source: www.dailysabah.com