Wilton Resources Halts Ciemas Gold Operations Amid Heavy Rain; Shares of the company decreases 25%

MT Newswires

12 Dec 2024

The shares of Wilton Resources Corporation has decreased 25% these days.

Wilton Resources Corporation (SGX:5F7) has suspended operations at its Ciemas Gold Project in Indonesia due to severe rainfall linked to La Niña, according to a Tuesday filing on the Singapore Exchange.

The downpour has caused flash floods, landslides, and power outages, disrupting the processing facility. While back-up generators are in use, damaged roads have stalled fuel deliveries.

No infrastructure damage was reported, and all personnel are accounted for. Heavy rain is forecast to continue until April 2025.

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