|Centerra Gold Inc - CG.t operates 2 producing mines, Kumtor in the Kyrgyz Republic and the Boroo mine in Mongolia.|
In 2015 Centerra produced 530,000 oz at AISC of $877 per ounce. In 2016, Centerra produced 598,677 ounces of gold and 10.4 million pounds of copper from its two operations.
Centerra Gold Inc. (TSX: CG) comments today regarding ongoing discussions between the Company and the Government of the Kyrgyz Republic (the “Government”) in relation to the Company’s Kumtor Project. The Company is aware of press reports in the Kyrgyz Republic today describing statements made by the Government to a Parliamentary committee, which included terms of a proposed settlement between the parties.
The Company confirms that its discussions with the Government regarding a settlement have reached an advanced stage but cautions that they remain subject to completion, including finalization of all relevant terms of the settlement, formal approval by Centerra’s Board of Directors and execution of definitive agreements.