Centerra Gold Mining News

Done deal: Centerra Gold buys Thompson Creek for $1.1 billion

With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.

Centerra Gold merges with Thompson Creek Metals in debt-focused deal

Thompson Creek Metals (TSX:TCM) will soon start operating its Mount Milligan copper-gold mine in British Columbia under a new name.

Kyrgyz authorities hand Centerra Gold final permit to keep Kumtor mine running

Kumtor mine is the country's largest private sector employer and taxpayer and Centerra’s main gold producing mine.

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits

The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

Kyrgyz Rep. ratchets up dispute against Canadian gold miner

Toronto-based Centerra says new criminal probe of managers at its giant gold mine bars expats from leaving the Central Asian country.

Centerra Gold seeks international arbitration for dispute with Kyrgyzstan

The company said the arbitration proceedings will be held at Stockholm and Sweden, and that they will be conducted under the UNCITRAL rules.

Centerra Gold charged $98 million fee by Kyrgyzs court

Fresh string of penalties and fees are one of the latest signs of renewed tensions between the Kyrgyzstan government and the Canadian miner.

Centerra Gold fined for environmental damage in Kyrgyzstan

Ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the miner, which have been locked in a bitter dispute over profit sharing for years.

Centerra Gold announces results, first quarter dividend

The company's gold production for the year is expected to be between 480,000 to 530,000 ounces.

Kyrgyz law enforcement agencies search Centerra Gold’s office

They are looking into a dividend paid by Kumtor to Centerra in 2013, which the miner says complied with the country's laws and 2009 agreements governing the project.

Centerra Gold announces US$150M financing for Oksut project

OMAS will use the Facility to finance a substantial portion of the construction, development and operation of the Öksüt gold mine and its related infrastructure in the Kayseri region of central Turkey.

Centerra Gold 2015 year-end reserve and resource update

The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.

Mongolia’s Gatsuurt project faces uncertainty

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

Centerra Gold exceeds 2015 production guidance and announces 2016 outlook

Figures include 520,695 ounces of gold from the Kumtor mine, in the Kyrgyz Republic, and 16,226 ounces of gold from the Boroo mine, in Mongolia.

Centerra Gold worker arrested in Kyrgyzstan after 'horse penis' remark

The incident is Centerra Gold's second brush with Kyrgyzstan authorities in recent months.

Kyrgyzstan freezes talks with Centerra Gold over Kumtor

The country's government said the current agreement "ran counter to the country's national interests."

Turkey approves environmental assessment for Centerra’s Oksut project

Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.

Ex-Centerra Gold CEO arrested in Bulgaria granted bail

Leonard Homeniuk has spent most of his time under house arrest since he was detained on July 27.

Ex-Centerra Gold CEO remains arrested in Bulgaria as extradition hearing postponed

Bulgarian police arrested Len Homeniuk in July on an Interpol warrant over alleged corrupted deals in Kyrgyzstan.

Centerra swings back into profit

Centerra Gold (TSX: CG) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.

Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.

Kyrgyzstan extends Centerra Gold’s Kumtor mine environment permit

The extension is for the miner's permits for emissions into the atmosphere and waste disposal into the tailings pond.

Kyrgyzstan Gov’t told to ensure ‘smooth sailing’ for Centerra Gold’s Kumtor mine

Negotiations between the parties, however, are expected to continue over the summer.