Belo Sun Mining Corp. announces that the Federal Court of Altamira, Pará, Brazil, denied the Company’s request for recognition of provisional compliance with a prior judgment of the Federal Court of Appeals, which suspended the Construction License for the Volta Grande Gold Project. The Court cited lack of compliance with conditions and recent technical opinions from Brazil’s National Indigenous Peoples Foundation. Belo Sun plans to evaluate legal remedies and appeal the decision to the Federal Regional Court. The Company remains confident in its licenses and commitment to advancing the project responsibly. Further updates will be provided as required.

The Volta Grande Gold Project in Brazil, owned by Belo Sun Mining Corp., has faced a setback with the Federal Court denying recognition of provisional compliance with a prior judgment, suspending the Construction License. Belo Sun reaffirms its commitment to compliance with environmental, social, and regulatory requirements and plans to appeal the decision. The Company remains confident in the validity of its licenses and ability to deliver the gold project for the benefit of stakeholders. Updates will be disclosed as necessary to comply with laws and regulations.

Read more at GlobeNewswire: Belo Sun Receives Ruling From Federal Court of Altamira,