Kyrgyzstan in full control of Kumtor gold mine as Centerra takes legal action [Reuters]
Centerra Gold Inc. Common Shares (CGAU)
Company Research
Source: Reuters
management of the mine from Canada's Centerra Gold which has taken legal action over the seizure. Kumtor, the largest foreign investment project in Kyrgyzstan, was operated by Centerra Gold until last month when Kyrgyz lawmakers passed a law giving the state power to temporarily take control of the mine and appoint “external management” to address alleged environmental and safety problems. The move came months after nationalist politician Sadyr Japarov, a long-time supporter of Kumtor nationalisation, won a landslide victory in a presidential election in January. “All units are working without interruptions at the moment,” Nurdin Usenov, acting chief production officer at the mine, told reporters during a government-sponsored media tour to Kumtor last Friday. The mine will stick to output plans approved under Centerra Gold, he said, which amounted to 470,000 to 510,000 ounces, or 14.62 to 15.86 tonnes, this year. Centerra Gold said this week its Kyrgyz units, Kumtor Gold Co
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- American Pacific Closes $4,500,000 Non-Brokered Private Placement [Yahoo! Finance]Yahoo! Finance
- Centerra Gold Inc. (NYSE: CGAU) had its price target raised by analysts at CIBC from $9.50 to $11.00. They now have an "outperformer" rating on the stock.MarketBeat
CGAU
Sec Filings
- 4/18/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/15/24 - Form 6-K
- CGAU's page on the SEC website