Printer Friendly
The Free Library
22,728,960 articles and books

Centerra Gold Issues Update on Operations at its Kumtor Mine.



TORONTO -- Centerra Gold Centerra Gold Inc. (TSX: CG) is the gold mining company headquartered in Toronto, Canada.

The company was formed and went public in 2004 when Saskatoon, SK-based Cameco Corp.
 Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:CG) today reported that access to its Kumtor mine, in the Kyrgyz Republic, is currently being restricted by illegal roadblocks.

The action is related to the 1998 cyanide incident which Centerra settled with the Government of the Kyrgyz Republic in 1999. The settlement agreement was submitted to international arbitration which reviewed and confirmed the settlement as fair and reasonable.

The company is in discussions with the national and local government to expeditiously ex·pe·di·tious  
adj.
Acting or done with speed and efficiency. See Synonyms at fast1.



ex
 resolve the situation.

The operations continue normally, however the Company continues to closely monitor and evaluate the situation. The Company will issue further updates as warranted.

About Centerra

Centerra is a growth-oriented, pure-play gold company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets. The two gold mines operated by the Company are expected to produce 800,000 ounces in 2005 at a total cash cost of about $232 per ounce. This ranks Centerra as a leading North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 (TSX) under the symbol CG. The Company is based in Toronto, Canada.

Additional information

Additional information on Centerra is available on SEDAR SEDAR System for Electronic Document Analysis and Retrieval
SEDAR Southeast Data, Assessment, and Review
 at www.sedar.com and the Company's website at www.centerragold.com.

Centerra Gold Inc. (TSX:CG)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1CANA
Date:Nov 14, 2005
Words:231
Previous Article:Prescient Applied Intelligence Reports Third Quarter 2005 Results.
Next Article:New FSSCC Committee to Set R&D Business Continuity Priorities for Financial Services.
Topics:



Related Articles
Centerra Gold Issues Update on Operations at its Kumtor Mine.
Centerra Gold Announces Conference Call and Webcast of First Quarter 2005 Financial and Operating Results.
Cameco Reports Lower Net Earnings in First Quarter.
Centerra Gold Announces Conference Call and Webcast of Second Quarter 2005 Financial and Operating Results.
Cameco Reports Second Quarter Earnings.
Centerra Gold Confirms Normal Operations at its Kumtor Mine.
Centerra Gold Announces Conference Call and Webcast of Third Quarter 2005 Financial and Operating Results.
Cameco Reports Higher Third Quarter Net Earnings.
Centerra Gold Announces Unrestricted Access to its Kumtor Mine.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters