Canada's Centerra to produce at least 15.5 T of gold at Kumtor in 2018

Centerra is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in North America, Asia and other markets worldwide.

ALMATY, Nov 22 (Reuters) - Canada’s Centerra Gold has promised Kygyzstan’s government that it will produce at least 15.5 tonnes of gold at the giant Kumtor mine this year, the Kyrgyz prime minister’s press service said on Thursday.

Last year the firm produced 17.5 tonnes, it said. (Reporting by Mariya Gordeyeva; writing by Tom Balmforth; editing by Jason Neely)

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Centerra is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in North America, Asia and other markets worldwide. With two flagship assets, the Mount Milligan Mine and the Kumtor Mine which are located in Canada and the Kyrgyz Republic, Centerra’s vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth. Our objective is to build shareholder value by maximizing the potential of our current properties and leveraging our financial strength and experience to acquire new long-life, low-cost projects.

KUMTOR

Centerra owns 100% of the Kumtor gold mine through its wholly owned subsidiary Kumtor Gold Company. Kumtor is located in the Kyrgyz Republic, about 350 kilometres southeast of the capital Bishkek and about 60 kilometres north of the border with the Peoples Republic of China. It is the largest gold mine operated in Central Asia by a Western-based company, having produced more than 10.4 million ounces of gold between 1997 and the end of 2015.

In 2015 Kumtor’s gold production was 520,694 ounces.

The Kumtor gold deposit is located in the southern Tien Shan Metallogenic Belt, a major suture that traverses Central Asia, from Uzbekistan in the west through Tajikistan and the Kyrgyz Republic into northwestern China, a distance of more than 1,500 kilometres. A number of important mesothermal-type gold deposits occur along this belt including Muruntau, Zarmitan, Jilau and Kumtor.

source: Reuters

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