Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2020. In the first three months of 2020, KGC produced 152,307ounces¹ or 4737.28 kg of gold and contributed more than 2.82 billion soms in taxes and mandatory payments.
Toronto, Canada, May 1, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its Board of Directors has authorized a dividend of C$0.04 per common share or C$11,752,650 (approximately US$8.3 million).
Kumtor Gold Company has contributed US $5,000 to the Karakol zoo which needs funds to purchase forage and food additives for its animals, thus responding to the urgent request of the Bugu-Ene public fund for aid.
Previously, Kumtor Gold Company employees announced raising funds in aid to the Kyrgyz medical workers heroically fighting the coronavirus epidemic.
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Basic Operating and Financial Results At the Kumtor Mine gold production in 2019 was 600,201 ounces1 or 18,668.35 kg. Gold sales in 2019 were 600,231 ounces1 or 18,669.28 kg with a revenue totaling $827.5 million2. Contribution to the national budget in taxes and mandatory payments in 2019 is more than 14.8 billion soms.
A delivery ceremony for the new bulldozer took place at the Ton district administration, Issyk-Kul oblast, on April 6, 2020.
US $100,000 FINANCIAL AID Kumtor Gold Company will contribute US $100,000 in financial aid to provide necessary medical means to Issyk-Kul structures and individuals involved in proactive efforts being currently made to prevent the spread of COVID-19 across the province.
Toronto, Canada, March 26, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its Board of Directors has authorized a dividend of C$0.04 per common share or C$11,751,182 (approximately US$8.2 million at the current exchange rate).
In the last 10 years, thanks to financial contributions of Kumtor to the Development Fund of the Issyk-Kul region, 32 schools and 11 kindergartens have been built. TV news story
Since 2000, Kumtor Gold Company has been implementing a regional scholarship program. This year, the Bishkek Lyceum No. 91 celebrates the 20th anniversary of fruitful cooperation with Kumtor. For two decades, more than 200 of the best graduates of schools in the Jeti-Oguz and Ton districts and the city of Balykchi from socially volnurable families got an opportunity to study the basics of cooking and obtain a profession with financial support of Kumtor.