Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of
Gold Production and Sales
During the second quarter of 2017, Kumtor produced
Gold sales in the second quarter of 2017 were
The Dore bars produced by the Kumtor mine are purchased by Kyrgyzaltyn JSC for processing at the Kara-Balta refinery pursuant to a Gold and Silver Sales Agreement signed by KGC, Kyrgyzaltyn and the Government of the Kyrgyz Republic. Kyrgyzaltyn JSC enjoys the exclusive right to sell refined gold and silver both in and outside the Kyrgyz Republic.
Payments to the Kyrgyz National Budget and Mandatory Contributions
During the second quarter of 2017, contributions to the national budget in taxes, deductions to the Social Fund and other mandatory payments have totaled 2.5 billion soms.
Scott Perry, CEO of Centerra Gold stated, «During the second quarter we continued to deploy our
Company-wide safety leadership program «Work Safe, Home Safe» to all our sites, but as we reported on in the first quarter report this was over shadowed by a fatality in early April at Kumtor.
With our second quarter earnings release today, the Company increased its gold production guidance for Kumtor for the year to 525,000 —
The full text of the news release is available on the corporate website www.kumtor.kg