Its chief executive, Tim O'Toole, said the company will bid again and urged the government to restart the process as soon as possible.
Exasperated by the energy he has already wasted, Mr Annan has said he will restart the process only if both sides agree to hold referendums on the settlement before May 1st.
Gold production dropped to 42, 723 ounces on the quarter, a steep decline from 154, 936 ounces of gold in the comparative quarter in 2011 due to the revised mine plan and an unexpected amount of till waste during the restart of the mill process in October.
And what impact do you think this could have on the effort to restart the peace process?
That's why the Saudis have pleaded with Washington to restart the peace process and put more pressure on Israel.
It is possible that skilled diplomacy may come up with some face-saving way for the republicans to make enough of a gesture to restart the political process.
The rail franchising process is to restart, the government will say on Tuesday, six months after the collapse of the West Coast deal stopped it.
The gravel remains cool until it is needed to restart the air-chilling process.
If the rules go into effect before Obama takes office, they will be difficult to overturn since it would require the new administration to restart the rule-making process.
That process has led to a restart of the P5-plus-1 talks, and we look forward to the second round of those discussions.
At its January outset the Fed wasn't moving fast enough to catch up with the economic free fall, but the injection process, especially in coordination with the new Obama Treasury, should accelerate and gradually restart the credit markets.
But it certainly could make things more complicated that the U.S. is trying to restart this peace process at a time when leaders on both sides, Alex - Palestinian president Abbas and Israeli Prime Minister Olmert - are incredibly weak at home, politically.
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