Mongolian Government to Initiate Review of the Gatsuurt Project Reserves
TORONTO, ONTARIO -- Nov. 27, 2007 - Centerra Gold Inc. (TSX: CG) announced today that it has received confirmation from the Government of Mongolia that it has initiated the review of the Gatsuurt Project reserves and feasibility study. This is the first step in the process that should pave the way for the negotiation of an Investment Agreement and the development of the Gatsuurt deposit. As previously disclosed, the Company intends to truck Gatsuurt ore to the Boroo processing facility where a new bio-oxidation circuit will be constructed to treat Gatsuurt ore.
"I am pleased that the Government of Mongolia has taken the first step on the road to permitting the development of the Gatsuurt deposit. This project is important not only to the Company but to the local communities in the Mandal and Bayangol Soums where we operate. It will create many new, well-paying jobs, increase local revenues and substantially increase the life of the Boroo mine," said Len Homeniuk, President and the CEO of Centerra Gold Inc.
About Centerra
Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets. Centerra is a leading North American-based gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG. The Company is based in Toronto, Canada.
Additional information
Additional information on Centerra is available on SEDAR at www.sedar.com and the Company's website at www.centerragold.com.
CONTACT INFORMATION:
Centerra Gold Inc.
John W. Pearson
Director, Investor Relations
(416) 204-1241
Website: www.centerragold.com
RENMARK FINANCIAL COMMUNICATIONS INC.
HENRI PERRON : HPERRON@RENMARKFINANCIAL.COM
BRYAN NEEBAR : BNEEBAR@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCTEUR |
|
CODE : CG.TO |
|
ISIN : CA1520061021 |
|
|
| |
ProfilIndicateurs
de MarchéVALEUR :
Projets & res.Communiqués
de PresseRapport
annuelRISQUE :
Profile actifsContactez la cie |
Centerra Gold est une société de production minière d'or et de cuivre basée au Canada. Centerra Gold détient divers projets d'exploration in Russia. Ses principaux projets en production sont KUMTOR au Kirghizistan et BOROO en Mongolie, son principal projet en développement est GATSUURT en Mongolie et ses principaux projets en exploration sont AKARCA en Turquie et REN et KARA BELDYR in Russia. Centerra Gold est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 390,9 millions (280,2 millions US$, 263,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 octobre 2008 à 0,79 , et son plus haut niveau récent le 21 avril 2023 à 9,99 . Centerra Gold possède 47 442 200 actions en circulation. |