NEWS
Precious Metals  

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)

For more information:

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.

Comments:

Leave a Comment:

   
   
   
 

Canada lithium mining hopeful takes another big hit

Nemaska Lithium (TSE: NMX) announced on Monday it has terminated a multi-year supply agreement with Livent Corporation that would cost the Quebec company up to $20m to settle.
 

Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said on Saturday.
 

Scientists take a look inside rare wire gold specimen

For the first time ever, scientists from Los Alamos National Laboratory had a peek inside the structure of the Ram's Horn, a 263 gram, 12-centimeter tall wire gold specimen considered one of the few of its kind.
 

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.
 

Centamin sees mineral resources more than doubling in Côte d’Ivoire

Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in Côte d’Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.
 

IBM steps up efforts to help miners improve health and safety records

Much has been said lately about how IBM’s cognitive exploration and content analysis platform, known as Watson, is helping major miners, such as Goldcorp and Newcrest, in a number of ways, from mine planning and operational performance optimization to sharpening takeover strategies.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners