The company said output at the Kumtor mine for 2006 is now expected to be 300,000 ounces at a cash cost of about $530 per ounce, down from its previous projection for output of 410,000 to 420,000 ounces of poured gold in 2006 at a cash cost of $370 to $380 per ounce.
Tuesday, July 18, 2006
TORONTO, July 18 - Centerra Gold lowered 2006 production forecasts for its Kumtor mine in Central Asia and is assessing forecasts for 2007 after a pit wall ground movement at the mine, the company said on Tuesday.
The company said output at the Kumtor mine for 2006 is now expected to be 300,000 ounces at a cash cost of about $530 per ounce, down from its previous projection for output of 410,000 to 420,000 ounces of poured gold in 2006 at a cash cost of $370 to $380 per ounce.
The company said output at the Kumtor mine for 2006 is now expected to be 300,000 ounces at a cash cost of about $530 per ounce, down from its previous projection for output of 410,000 to 420,000 ounces of poured gold in 2006 at a cash cost of $370 to $380 per ounce.
