PanAust Limited’s Ban Houayxai Gold-Silver Mine Recertified Under International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that PanAust Limited’s Ban Houayxai Gold-Silver Mine in Laos has been recertified in full compliance with the International Cyanide Management Code (Cyanide Code).

The Ban Houayxai Gold-Silver Mine was certified pre-operationally in January 2012, and was certified in full operational compliance in March 2013 and again in May 2016. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol within three years of its previous certification by an independent professional third-party auditor. ICMI has received and accepted the auditor's Detailed Audit Findings Report, which found that the Ban Houayxai Gold-Silver Mine had maintained full compliance with the Cyanide Code's Principles and Standards of Practices throughout the previous three years. The Summary Audit Report and Auditor Credentials Form are available on PanAust Limited’s Signatory Page on the Cyanide Code website: http://www.cyanidecode.org/signatory-company/panaust-limited. The operation must be re-audited every three years to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. It was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Cyanide Code is intended to complement an operation's existing obligation to comply with the applicable laws and regulations of the political jurisdictions in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process. A detailed list of the operations covered by signatory companies' applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org. We invite you to read our 2018 Annual Report, which can viewed here.

Date: 
Friday, July 12, 2019