Outlook for 2016
● Gold production in 2016 is expected to be 480,000 to 530,000 ounces, or 14.9 and 16.5 tonnes.
● 2016 total capital expenditures, excluding capitalized stripping, are forecast to be $110 million.
● Growth capital investment for 2016 is forecast at $26 million.
● Capitalized stripping costs are expected to be approximately $122 million.
”I am pleased to report that we achieved our production guidance for the full year 2015. We beat our gold production guidance for 2015 due to relatively even quarterly gold production as compared to prior years when the majority of the ounces were produced in the fourth quarter.
Gold production for the full year 2016 at the Kumtor mine is forecast to be 480,000 to 530,000 ounces or 14.9-16.5 tonnes. In 2016, the company expects an increase in gold production in the latter half of the year after we have accessed the high-grade SB Zone in the third quarter of 2016″.
Video about Kumtor:
Interview with N. A. Meshkov, Honoured doctor of the Russian Federation, doctor of Medical Science, Professor (May 2010, Moscow )
Toronto, Canada, June 23, 2016: Centerra Gold Inc. (TSX: CG) reports that its Kumtor operation, located in the Kyrgyz Republic, has received its 2016 maximum allowable emissions (“MAE”) permit from the Kyrgyz Republic State Agency for Environmental Protection and Forestry (“SAEPF”).
The staff of Kumtor Gold Company medical department presented appliances to the first children’s hospice in Kyrgyzstan
On June 22, 2016 employees of medical office of Kumtor Gold Company presented kitchen stove, blender and meat mincer to the First Children Hospice in Kyrgyzstan.
Centerra Gold Inc. (Centerra) understands from recent media reports that the Kyrgyz Republic General Prosecutor’s Office intends to review the agreements governing the Kumtor project.
Opening ceremony of the Altyn Aary bee farm took place on June 10 in Ak-Dobo village, Jety-Oguz district. The farm was established within the Global Environment Fund/UNDP project, in partnership with the State Agency for Environment Protection and Forestry (SAEPF) and Kumtor Gold Company.
On June 13, 2016 a number of Mass Media outlets published the information that “the State Inspectorate for Technical and Environment Safety is planning to prosecute the President of Kumtor Gold Company for non-compliance with court decisions”.
Kumtor Gold Company States that Dispute with Kyrgyz Republic Environmental Agencies is about Improper Kyrgyz Republic Demands additional Taxes and Payments for Environmental Impact
Kumtor Gold Company (KGC) stated today that the claims by Kyrgyz Republic environmental agencies are, in substance, an attempt by the Kyrgyz Republic to impose additional taxes and payments on the Kumtor project.