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)
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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
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.
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.
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see North American blastomycosis.
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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 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)