Articles Tagged "production target"

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 [...]