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PanTerra mulls options for Las Lagunas plant amid lacking government support

PanTerra Gold Ltd. said Dec. 4 that it will back out of its plan to process imported concentrate at its Las Lagunas plant in the Dominican Republic to keep the plant operating beyond mid-2019 if the company does not see improved government support for the proposal in the near term.

Unable to gain traction with the mines ministry over the past two years, PanTerra has been frustrated with the government's lack of engagement over the matter, especially since the current tailings retreatment project at Las Lagunas is expected to be completed in mid-2019.

Among its options, PanTerra is looking at seeking bids for the plant's 200,000-tonne-per-annum capacity in the second quarter of 2018, intensifying efforts to look for opportunities that would lead to the use of its Albion oxidation process for refractory ores in China, and exploring potential joint ventures with mining companies holding refractory ore bodies within the Iberian Pyrite Belt of Portugal and Spain.

According to the company, it has built up significant intellectual property for the use of the Albion oxidation process despite the "disappointing" performance of its Las Lagunas plant, which was mainly due to poor gold recovery from low-grade concentrate. PanTerra plans to use this technology and establish a profitable business based on extracting gold from refractory ores.