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 )
LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS RECOMMEND THAT SHAREHOLDERS OF CENTERRA GOLD INC. VOTE FOR ALL DIRECTOR NOMINEES AND RESOLUTIONS AT THE ANNUAL MEETING OF SHAREHOLDERS
Toronto, Canada, May 3, 2016: Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) is pleased to announce that both Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”), two leading independent proxy advisory firms, have recommended that shareholders of Centerra Gold Inc. vote FOR all of the nominees for director to the board and FOR the appointment of KPMG LLP as auditors for the Company at the annual meeting of shareholders to be held on May 17, 2016 (the “Meeting”).
Centerra Gold Inc. (TSX: CG) announced that its Board of Directors has authorized a quarterly dividend of Cdn$0.04 per common share (approximately US$7.6 million at the current exchange rate) on May 3, 2016.
In view of the report issued by the General Prosecutor’s Office of the Kyrgyz Republic on April 30, 2016, according to which Kumtor Gold Company Top Managers, and namely Mark Burton, Vice President, Finance, and Leslie Louw, Vice President, Procurement and Logistics, left the Kyrgyz Republic on April 26, 2016, Kumtor Gold Company deems it necessary to provide the following commentary.
A number of media publications reported on April 30, 2016, quoting anonymous sources close to the company’s shareholders as saying that “IIROC, the national self-regulatory organization, has started disciplinary action against Management of Kumtor Gold Inc. (Centerra) and suspended trading in its securities in Toronto.” This information is incorrect and requires official elucidation.
Toronto, Canada, April 28, 2016: Centerra Gold Inc. (TSX: CG) (“Centerra” or the “Company”) reports that the Kyrgyz Republic General Prosecutor’s Office (“GPO”) and other state law enforcement agencies conducted a search at the Bishkek offices of Kumtor Gold Company (“KGC”), Centerra’s wholly-owned, Kyrgyz Republic subsidiary, on the afternoon of Thursday, April 28.
On April 23, 2016, the American University in Central Asia (AUCA) hosted the Careers Fair 2016, where Kumtor Gold Company was introduced as the main, platinum, partner of the event.