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, May 25, 2016: Centerra Gold Inc. (TSX: CG) (“Centerra” or the “Company”) reports that the Bishkek Inter-District Court in the Kyrgyz Republic today ruled against Kumtor Operating Company (“KOC”), Centerra’s wholly-owned subsidiary, on an environmental claim brought by the State Inspectorate Office for Environmental and Technical Safety of the Kyrgyz Republic (“SIETS”) and awarded damages of 6,698,878,290 Kyrgyz soms (approximately U.S.$98.4 million).
Official Commentary of Kumtor Gold Company CJSC on claims made by the State Agency for Environmental Protection and Forestry under the Government of the Kyrgyz republic
In response to the news release issued by the State Agency for Environmental Protection and Forestry (SAEPF) on May 2, 2016, and published by some media organizations to the effect that relevant permits may not be provided, Kumtor Gold Company JSC deems it necessary to give explanations on a number of claims indicated in the Agency’s news release.
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2016. In the first three months of 2016, KGC produced 86,444 ounces* or 2688.7 kg of gold and contributed more than 1.6 billion soms in taxes and mandatory payments.
Kumtor Gold Company announces that Centerra Independent Shareholders Overwhelmingly Support the Election of all Incumbent Directors
Kumtor Gold Company wishes to report that at Centerra Gold’s annual meeting of shareholders held May 17, 2016 in Toronto, Canada, Centerra’s independent shareholders (non-Kyrgyzaltyn) overwhelmingly supported and voted in favour of electing all incumbent directors to the board of Centerra.
DEADLINE HAS EXPIRED
On May 6, 2016, members of the Public Association “Veterans and Disabled Soldiers of the Kyrgyz Republic” gathered in one of the Bishkek restaurants to celebrate the Victory Day. The festive event was sponsored by the Social Fund of the Kyrgyz Republic and Kumtor Gold Company.