Centerra Gold sees continued pressure from wage inflation and higher oil prices in 2012. VP of Investor Relations John Pearson said they are trying to cut costs and increase efficiency.
Centerra Gold Inc. has declared a new agreement with the government of Kyrgyzstan will allow it to resume extensive exploration in and around the Kumtor gold mine, including a large investment in underground development. For full story, click here
Cameco Corp. and Centerra Gold Inc. announced that it has signed a new agreement with Kyrgyzstan’s government that they say resolves all outstanding issues with respect to the Kumtor gold mine in the central Asian country. For full story, click here
Reuters reports Kyrgyzstan’s largest industrial enterprise, the Kumtor gold mine has an output of 6 tonnes of gold in the first half of 2008. This was well below the planned 8-9 tonnes. For complete story, click this link. Follow developments in gold mining and exploration for free. Sign on to the Gold Investing Newsletter.
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