The Prospector News

Centerra Gold’s Kumtor Mine Suspends Operations

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Centerra Gold’s Kumtor Mine Suspends Operations

 

 

 

 

 

Centerra Gold Inc. (TSX:CG) today reported that the national grid power supply to the Kumtor mine has been disrupted by local protestors. The road leading to the mine also continues to be blocked by illegal protests. The mine has begun an orderly shutdown of the milling facility using back-up diesel-generated power. The camp and other facilities at site are also currently operating on back-up power. Mining operations have also been suspended other than continuing operations to manage the ice and waste in the high movement area of the open pit.
 

The Company continues to cooperate closely with the Government and local authorities with a view to a peaceful resolution of the situation. If grid power and road access is not restored in a timely manner the Company expects that there will be a material negative impact on the Company’s operations, including its gold production and financial results. The Company expects to provide further information, including the potential impact on production as events warrant.

 

About Centerra
 

Centerra is a gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based gold producer and is the largest Western-based gold producer in Central Asia. Centerra’s shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.

Posted May 31, 2013

Share this news article

MORE or "UNCATEGORIZED"


KOOTENAY SILVER CLOSES BROKERED PUBLIC OFFERING FOR GROSS PROCEEDS OF C$10.35 MILLION

Kootenay Silver Inc. (TSX-V: KTN) is pleased to announce that the... READ MORE

April 25, 2024

U.S. Gold Corp. Closes $4.9 Million Non-Brokered Registered Direct Offering

U.S. Gold Corp. (NASDAQ: USAU), is pleased to announce that it h... READ MORE

April 25, 2024

Getchell Gold Corp. Announces Final Tranche of Debenture Financing

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) is ple... READ MORE

April 25, 2024

Imperial Reports Production Update for 2024 First Quarter

Imperial Metals Corporation (TSX:III) reports quarterly copper an... READ MORE

April 25, 2024

ALX Resources Corp. Intersects Additional Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. (TSX-V: AL) (FSE: 6LLN) (OTC: ALXEF) is pleas... READ MORE

April 25, 2024

Copyright 2024 The Prospector News