Centerra Gold’s 2012 Production Falls by 40 Percent

Mining Weekly reported that Centerra Gold’s gold production for 2012 fell by 40 percent, mostly due to delays from unexpected ice movement from a glacier at its Kumtor mine.

As quoted in the market report:

The year proved to be a challenging one beginning with the unexpected acceleration of ice and waste into the central pit, which resulted in a reduction of our production forecast for the year,” CEO Ian Atkinson said in a statement.

To view the whole Mining Weekly report, click here.