The gold price advanced sharply during the first three months of 2016 (+16%), marking its best quarter in 30 years. However, it corrected from a high around $1,287 to $1,200 over the past few weeks.
OMAS will use the Facility to finance a substantial portion of the construction, development and operation of the Öksüt gold mine and its related infrastructure in the Kayseri region of central Turkey.
This second draft of the Standard for Responsible Mining reflects the input from over 1400 points of comment contributed by more than 70 organizations and individuals worldwide, including industry and technical experts.