Centerra Gold Slashes 2009 Guidance
Centerra Gold reports an update on its Kumtor mine in Kygryzstan. The company has lowered its production target by 17% from the earlier target of 560,000 to 600,000 ounces. The decision sent its shares tumbling by 4%.
The press release is quoted as saying:
At the Kumtor mine, the accelerated waste and ice movement experienced in the first half of 2009 continues, the company said in a statement. The company added that it was accelerating implementation of a plan to control the situation.
Click here for the full report
To view Centerra Gold’s company profile & projects, click here
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Email
Print
Reproduction Request
Sun, Sep 27, 2009
Post by Melissa Pistilli, Gold Senior Reporter