April 12, 2011 / 1:04 PM / in 7 years

UPDATE 1-Century restarts operations at Peru mine

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April 12 (Reuters) - Canada’s Century Mining Corp said full milling operations at its San Juan gold mine in Peru have been resumed after about two weeks.

Last week, the company said milling and processing operations at the mine was suspended following an order from the Peruvian government.

The Peru government had raised concerns about permitting and construction of the company’s tailings areas. [ID: nL3E7F626I]

The closure order was withdrawn as of last Friday, the company said in a statement.

Century Mining owns 82.6 percent of the San Juan property through two subsidiaries and is expanding production to pay the carrying costs. The company bought the property in 2006.

Shares of Century Mining closed at 43.5 Canadian cents on Monday the Toronto Venture Exchange. (Reporting by Bhaswati Mukhopadhyay; Editing by Jarshad Kakkrakandy)

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