Centerra Gold Mining News

Kumtor mine boosts Centerra Gold’s quarterly results

The company is continuing negotiations with the Kyrgyz government about a possible restructuring to resolve all outstanding concerns relating to the Kumtor mine.

Centerra Gold holds key talks with Kyrgyzstan over Kumtor ownership

Parties are currently considering a potential restructuring deal to form a joint venture that would own Centerra's flagship Kumtor project.

State of emergency in Kyrgyzstan as protest against Centerra turns violent

92 arrested, at least 50 injured and thousands still protesting.

Centerra Gold suspends Kumtor Mine operations

The national grid power supply to its flagship Kumtor mine in Kyrgyzstan has been disrupted by local protesters who have been blocking the road leading to the site.

Protestors block entrance to Centerra’s Kumtor mine in Kyrgyzstan

Opponents action may jeopardize the company’s gold production and financial results.

Centerra faces $315 million in fines for new claims of environmental damage in Kyrgyzstan

Kyrgyzstan has given Centerra Gold three months to redraw terms before ripping up an agreement to run its flagship Kumtor mine.

Centerra Gold posts loss, Kyrgyzstan's parliament exerts more pressure

The gold miner logged a net loss of $68 million or $0.29 per share in Q4 2012, compared to net earnings of $79.4 million or $0.34 per common share for the same period in 2011.

Fresh threats to Centerra's Kumtor gold mine in Kyrgyzstan

The Kyrgyz Republic government is once again trying to force Centerra to renegotiate the terms of its mining license for the Kumtor open pit gold mine, the country’s largest foreign investment.

Centerra Gold responds to rumours of Kumtor’s mine licence cancellation

Local media reported that Kyrgyzstan minister of economy, Temir Sariyev, implied that Centerra would have its permit revoked and a new company would continue to extract gold from Kumtor.

Centerra becomes sole owner of promising gold project in Turkey

Oksut gold project went through the million-ounce mark in February last year.

Centerra Gold files new technical report for its Kumtor mine

Document was submitted a week after Canadian Centerra Gold (TSX:CG) rejected as “exaggerated” and “without foundation” a $152 million environmental damages claim from the Kyrgyzstan government.

Major management reshuffle at Centerra Gold

Two of its senior executives are retiring in February next year.

Centerra makes junior’s Christmas, becomes sole owner of gold project in Turkey

London-based explorer Stratex (LON:STI) got an early Christmas present this year, as Canadian Centerra Gold (TSX:CG) paid the junior and partner in the Turkey’s Oksut project a noteworthy $40 million for its 30% stake in the venture.

Centerra shares drop despite increasing reserve estimate of major gold project

Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.

Centerra Gold says independent report proves claims against Kumtor mine groundless

Canadian Centerra Gold (TSX:CG) said Tuesday an independent assessment of a Kyrgyz Republic Parliamentary report backs the company’s view that the report’s allegations against its Kumtor gold mine are unfounded.

Protest against Centerra Gold in Kyrgyzstan turns violent

Demonstrators clashed with police and tried breaking into a building housing the parliament and government offices in Kyrgyzstan's capital Wednesday, as they demanded the nationalization of the Kumtor gold mine, owned by Canadian Centerra Gold (TSX:CG).

Centerra Gold secures regulatory approval for mine in Mongolia

Centerra Gold Inc. announced that its Boroo mine, located in Mongolia, has received regulatory approval for its mine plan for the heap leach facility and therefore now has all required permits to resume heap leach operations.

Centerra Gold Boroo mine in Mongolia resumes heap leach operations

Canadian Centerra Gold said Wednesday that its Boroo open-pit gold mine, located in Mongolia, has received regulatory approval for its heap leach facility, allowing the company to resume operations at the plant.

Kyrgyz Prime Minister visits Centerra’s Kumtor mine amid contract evaluation

On Friday Centerra Gold hosted a visit by the Kyrgyz Prime Minister Babanov to the Kumtor mine. The visit came a week after Kyrgyzstan authorities said they wanted to renegotiate a contract with the gold miner.

Centerra Gold’s shares tumble as director resigns

Shares of Centerra Gold fell 16% by midday after an announcement that one of its directors had quit.

Kyrgyzstan to reassess deal with Centerra Gold

Kyrgyzstan's parliament has approved a review to the operating license for Centerra Gold, which is developing a major gold mine that accounts for 12% of the Central Asian nation's economy, announced the company Wednesday.

Centerra Gold shares slump on weak earnings

Centerra Gold Inc. (CG.TO) shares fell 6% today after the company reported a net loss of US$14 million or six cents per share compared with a profit of US$136 million or 58 cents per share a year ago.

Centerra Gold Updates Reserves and Resources Total Gold Reserves 8.1 million Contained Ounces

Centerra Gold Inc. (TSX:CG) today issued updated estimates for the Company's reserves and resources based on its successful 2011 exploration program. TORONTO, ONTARIO--(Marketwire - Feb. 9, 2012) -

Centerra Gold Reports 2011 Gold Production of 642,380 Ounces and Provides 2012 Guidance

Centerra Gold Inc. CA:CG -2.62% announced today that its 2011 consolidated gold production totalled 642,380 ounces, which includes 583,156 ounces of gold from the Kumtor mine and 59,224 ounces of gold from the Boroo mine.