Turkey: Gold Company Suspends Its Activities In Kirazli

Canadian gold producer company on Monday announced suspension of its construction activities in Canakkale's Kirazli region as mining concessions expired on Sunday.

"[Alamos] has suspended all construction activities on its Kirazli project pending the renewal of its Turkish mining concessions which expired on Oct. 13, 2019," Alamos Gold said in a statement.

The company stressed that there will be no further construction activities until the mining concessions are renewed, although it has not been revoked and can be renewed following the expiration date.

"The Company has met all the regulatory requirements and conditions for the concessions to be renewed and reasonably expected the renewal by the expiration date," it said, claiming that local communities still support Kirazli project.

Referring to environmentalist organizations-led protests to the project -- known as Kaz Mountains protests -- the company said that there has been false information on the gold mining project that spread through social media, and added: "The Company continues to share correct information about the project, and dispels misinformation which gave rise to protests and social media inaccuracies concerning the Kirazli project".

"Given the uncertainty around the timing of the concession renewal, initial production from Kirazli has been delayed from previous guidance of late 2020," it added.

Canadian-based gold producer Alamos Gold company completed the necessary applications in 2010 for exploration of gold and silver mines in Kirazli-Balaban region, 30 km away from the center of Canakkale and 40 km away from Kaz Mountains in western Turkey. -