{"id":186374,"date":"2024-09-08T15:52:00","date_gmt":"2024-09-08T19:52:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=186374"},"modified":"2024-09-07T19:16:35","modified_gmt":"2024-09-07T23:16:35","slug":"premier-gold-mine-in-canada-paralyzed","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/premier-gold-mine-in-canada-paralyzed\/","title":{"rendered":"Ascot halts operations at Premier gold mine to focus on mine development"},"content":{"rendered":"\n<p>Ascot Resources Ltd has decided to <strong>temporarily halt operations at its<\/strong> <strong>Premier gold mine<\/strong>, located in the Golden Triangle of British Columbia, Canada, to prioritize the development of the Big Missouri and Premier Northern Lights (PNL) mines.\nThis move follows the significant increase in <strong><a href=\"https:\/\/inspenet.com\/en\/news\/heavy-rainfall-affects-gold-production\/\" data-type=\"post\" data-id=\"161628\" target=\"_blank\" rel=\"noreferrer noopener\">gold production<\/a><\/strong>with 3430 ounces poured in just two months, an increase of 418% compared to the entire second quarter. <\/p>\n\n<p>Despite production success, the company faces delays in the development of the Big Missouri mine and the Premier Northern Lights ramp.\nThese setbacks have limited Ascot&#8217;s ability to mine sufficient material and feed the mill efficiently.\nAs a result, the company has decided to <strong>suspend operations until the necessary mine development is completed<\/strong>.  <\/p>\n\n<h2 class=\"wp-block-heading\">Premier gold mine reactivation<\/h2>\n\n<p>Ascot estimates that it will need three to six months to adequately develop the mining areas, primarily in PNL.\nDuring this period, the company will focus on securing additional financing to complete the project.\nAs of the end of August, Ascot had a fund of <strong>CAD$15 million<\/strong>, sufficient to adequately maintain the suspension and ensure compliance with its environmental programs.\nHowever, there is no certainty that the company will be able to raise the necessary funds to successfully restart operations.   <\/p>\n\n<p>Derek White, CEO of Ascot, said that, although it is a difficult decision, focusing on the <strong><a href=\"https:\/\/inspenet.com\/en\/news\/arabia-bids-for-7-mining-sites\/\" target=\"_blank\" data-type=\"post\" data-id=\"180325\" rel=\"noreferrer noopener\">mine development<\/a><\/strong> is essential to ensure the long-term value of the company&#8217;s assets and to achieve sustainable operations in the future.<\/p>\n\n<p><strong>Follow us on social networks and don&#8217;t miss any of our publications!<\/strong><\/p>\n\n<p><a href=\"https:\/\/www.youtube.com\/@inspenet\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a> <a href=\"https:\/\/www.linkedin.com\/company\/inspenetnetwork\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a> <a href=\"https:\/\/www.facebook.com\/inspenetnetwork\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a> <a href=\"https:\/\/www.instagram.com\/inspenet\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a> <a href=\"https:\/\/twitter.com\/Inspenetnetwork\" target=\"_blank\" rel=\"noreferrer noopener\">X<\/a><\/p>\n\n<p><strong>Source and photo: <a href=\"https:\/\/ascotgold.com\/news-releases\/2024\/ascot-announces-care-maintenance-of-operations-in-order-to-focus-on-mine-development-activities\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ascot Resources<\/a> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s shares plummeted after suspending operations at the mine.<\/p>\n","protected":false},"author":8403,"featured_media":186306,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13030,13060],"etiqueta_noticias":[],"class_list":["post-186374","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-industry","categoria_noticias-mining"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/186374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8403"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=186374"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/186374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/186306"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=186374"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=186374"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=186374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}