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Aureus Mining set to restart New Liberty in coming days

Published: 08:26 01 Jun 2016 BST

Picture of gold mine
Remedial work on the detoxification plant is almost complete

Liberia-based gold miner Aureus Mining Inc (LON:AUE, TSE:AUE) has further deferred first repayment of its debts to its lender group until 30 June.

Aureus has been negotiating a new repayment schedule with the lenders after teething problems at its New Liberty mine last year and a tailings issue recently badly disrupted gold production.

Remedial work on the tailings detoxification circuit is nearing completion, said Aureus and it expects to receive permission to re-start processing operations in the coming days after operations were suspended at the start of May.

Mining of ore is continuing, it added.

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