02:22:21 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Centerra Gold Inc
Symbol CG
Shares Issued 291,784,929
Close 2018-04-24 C$ 8.03
Market Cap C$ 2,343,032,980
Recent Sedar Documents

Centerra has no interest in Chaarat bid for Kumtor

2018-04-24 09:20 ET - News Release

Mr. John Pearson reports

CENTERRA GOLD COMMENTS ON MARKET SPECULATION

Centerra Gold Inc. has commented on a news release issued today by Chaarat Gold Holdings Ltd.

In March, 2018, Centerra received an unsolicited, non-binding proposal from Chaarat concerning Centerra's Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat's advisers that it has no interest in the transaction proposed by Chaarat. In recent meetings with the Kyrgyz Republic government, senior Kyrgyz Republic officials have confirmed to Centerra that the government is also not interested in pursuing the transaction proposed by Chaarat.

Centerra notes that the Kumtor mine is directly held through Centerra's wholly owned, direct subsidiary, Kumtor Gold Company CJSC, and the transaction proposed by Chaarat could not occur without the participation of both Centerra and the Kyrgyz Republic government.

About Centerra Gold Inc.

Centerra Gold is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide. Centerra operates two flagship assets, the Kumtor mine in the Kyrgyz Republic and the Mount Milligan mine in British Columbia, Canada, and is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange. The company is based in Toronto, Ont.

© 2024 Canjex Publishing Ltd. All rights reserved.