In response to the Press Release published in the media on June 9, 2021, Kumtor Gold Company CJSC (KGC) hereby declares and emphasizes that since its establishment, it has carried out and continues to carry out its operations in compliance with the legislation of the Kyrgyz Republic. This provision is stipulated in the relevant written agreements between Centerra Gold Inc. and the Government of the Kyrgyz Republic.
On May 28, 2021, a press tour to the Kumtor mine was held for media representatives. Journalists of the leading national and international mass media visited the mine’s main production sites where they saw with their own eyes that the mine is currently continuously operating in a regular mode.
At the initiative of Mr. Tengiz Bolturuk, Temporary External Manager of Kumtor Gold Company CJSC (“KGC”, “Company”), a meeting was held on May 27, 2021 in Bishkek between representatives of KGC trade unions and administration to discuss current and future aspects of operations, as well as issues related to the strengthening of social partnership between the Company and trade unions representing the interests of the Company employees.
Kumtor Gold Company has contributed 10 million soms in aid to support people hit by the conflict taking place on the border between Kyrgyzstan and Tajikistan.
Three microcredit agencies, ‘Jety-Oguz’, ‘Ton Finance’ and ‘Balykchy Finance’, opened with the support of Kumtor Gold Company, help develop the small and medium-sized business in Jety-Oguz, Ton and Balykchy of Issyk-Kul region. These financial institutions have been issuing loans at 12 percent per annum to support local SMEs and farming enterprises for already 15 years. Hundreds of entrepreneurs achieved success thanks to their support. Previously opened enterprises are picking up the pace, the new ones are well on the way to success.
Since 2020, the Public Fund “Insan Generation” has been implementing a project retraining workers of sewing industry and improving their working conditions in Ton and Jety-Ogus districts, Issyk-Kul province, with the support of Kumtor Gold Company. KGC contributed more than 8.2 million soms in financial aid for this project.
Toronto, Canada, April 12, 2021: Centerra Gold Inc. (the “Company” or “Centerra”) (TSX: CG) is pleased to announce that the Company has received approval to list its common shares on the New York Stock Exchange (NYSE). Trading of the Company’s common shares is expected to commence under the symbol “CGAU” on Thursday, April 15, 2021. The Company’s primary exchange will remain the Toronto Stock Exchange.
Kumtor awarded 5 million soms in financial aid to implement a project encouraging Jety-Oguz farmers to grow wheat. These funds were used to purchase 170 tonnes of winter wheat seeds (Bezostaya primary seeds). As a result, the seeds were distributed to a total of 34 groups, 5 to 10 farmers in each, in each of 19 villages of Jety-Oguz district. The seeds return terms are based on the ratio of 1 to 1.5. For example, if you borrowed 1 tonne you are expected to return 1.5 tonnes. Having received the seeds, the farmers sowed nearly 570 hectares of arable land.
As disclosed in January 2021, a waste sorting plant has been put into operation in the city of Balykchi largely due to the support of Kumtor Gold Company which contributed approximately 5.5 million soms for purchasing waste sorting equipment from Russia. The project is implemented by Improvement and Sanitation, the municipal service operating at the Balykchi city administration.
A demonstration pheasant yard was organized in the village of Barskoon, Issyk-Kul province last summer. The project was launched by Central Asia Prospects non-government fund and is supported by Kumtor Gold Company. Its budget is 3.84 million soms.
Toronto, Canada, March 18, 2021: Centerra Gold Inc. (“Centerra”) (TSX: CG) commentstoday on tax claims received by its Kyrgyz Republic subsidiary, Kumtor Gold Company CJSC (“KGC”), from the Kyrgyz Republic State Tax Service.