Centerra Gold open to selling seized Kumtor mine to Kyrgyz Republic [Toronto Globe and Mail (Ontario, Canada)]
Centerra Gold Inc. Common Shares (CGAU)
Company Research
Source: Toronto Globe and Mail
Centerra Gold open to selling seized Kumtor mine to Kyrgyz Republic Centerra Gold Inc. says it is willing to sell its Kumtor mine to the Kyrgyz Republic, after ruling out a sale of the asset to anyone in the aftermath of the former Soviet Republic nationalizing the asset last month. For the past few weeks, the Toronto-based gold company has been in crisis mode after Kyrgyzstan seized control of its wholly owned Kumtor mine in mid-May, citing environmental infractions and tax fraud on the part of Centerra. In the aftermath, Centerra launched an international arbitration suit against the Kyrgyz government, accused a former director of conspiring to steal the asset, and moved to stop Kyrgyzstan from selling its equity stake in the company. On Tuesday, Centerra doubled down on its legal manoeuvres, saying it was launching Chapter 11 proceedings in a U.S. court pertaining to its Kumtor mine. Scott Perry, the chief executive officer of Centerra, said in a conference call with analysts that
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- Centerra Gold Announces Conference Call and Webcast Details for 2024 First Quarter Results and Annual Meeting of ShareholdersGlobeNewswire
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- 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