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Alamos flags delay to Turkish gold project after suspending construction

Alamos Gold Inc. suspended construction work at its Kirazli gold project in Turkey due to a delay in the renewal of its mining concessions, which expired Oct. 13.

As a result of the delay, the company said initial production at Kirazli will be pushed from the previous target of late 2020, adding that it would provide updated guidance on the construction schedule and budget for the mine once the concession is renewed.

The company said Oct. 14 that the concessions were not revoked and that it has met all regulatory requirements for them to be renewed. However, further construction cannot take place until the renewal goes through.

In early August, thousands of Turks protested against expected pollution and environmental impacts at the site.