The major is challenging a verdict issued by the state’s pollution control board.
Situated in the north-central part of the state, Crown Jewel has been in the permitting phase since 1992. Delays in the procedure have been bruising to the company and its 46% partner
After the pollution control board reversed the water rights and vacated the water permit, Battle Mountain chose to write down the carrying value of the asset, which amounted to US$35.9 million.
A production decision is contingent on the resolution of the court case.
At full production, the operation would contribute 185,000 oz. annually at a cash cost of less than US$160 per oz.
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