‘Is it climate change?’: Unexpected early thaw in B.C. a relief for Centerra Gold’s Mount Milligan mine – by Gabriel Friedman (Financial Post – March 23, 2018)

http://business.financialpost.com/

Climate change giveth, and climate change taketh away — that is, if you can attribute anything to climate change.

Last December, Toronto-based Centerra Gold Inc. shut down the mill at its Mount Milligan mine in British Columbia after anemic snowmelt runoff and an unexpected extreme cold snap froze the shallow supply of water in its tailing ponds. On Friday, the company announced that same mill resumed operating at near full capacity, ahead of schedule, thanks in part to an earlier-than-expected thaw. The company’s stock rose 2.2 per cent to $7.31 per share.

Scientists say that climate change is making water management increasingly difficult because weather patterns are less predictable, but Centerra’s chief executive Scott Perry expressed skepticism.

“Is it climate change? I don’t know. It could be,” Perry said in an interview earlier this month. “We all seem to take liberty to blame everything on climate change.”

The company hadn’t expected the thaw to occur until April. The mill is currently processing nearly 40,000 tonnes of gold and copper per day, and hopes to ramp it up to 55,000 tonnes during the second half of the year.

For the rest of this article: http://business.financialpost.com/commodities/mining/is-it-climate-change-unexpected-early-thaw-in-b-c-a-relief-for-centerra-golds-mount-milligan-mine

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