www.unuudur.com » Centerra Gold says delays hit Mongolia project

Centerra Gold says delays hit Mongolia project

[Нийтэлсэн: 11:14 18.01.2012 ]

www.reuters.com

Centerra Gold Inc said it could not predict when it would start production at its Gatsuurt project in Mongolia due to continued delays in receiving permits and approvals.

The Toronto-based company said it expects total gold production of 635,000 ounces to 685,000 ounces for the full year. For 2011, the company produced 642,380 ounces of gold.

The company added that the outlook for 2012 does not include any production from the Gatsuurt project.

Centerra said pending discussion of the water and forest law amendment in the Mongolian parliament made it difficult to predict the timing of the start of production at the Gatsuurt project.

The company also expects gold production to be impacted by four days in the first quarter, due to scheduled mill maintenance.

Shares of the company closed at C$18.21 on the Toronto Stock Exchange.



Шинээр

Metallurgical coal prices starting to slip: Fitch
[Нийтэлсэн: 02.10.2018 ]
[Эх сурвалж: ]
Copper price plunges to 1-year low
[Нийтэлсэн: 14.07.2018 ]
[Эх сурвалж: ]
Global Religion and the United Front: The Case of Mongolia
[Нийтэлсэн: 11.07.2018 ]
[Эх сурвалж: ]
Thermal coal prices hit 6-year high
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Former Rio Tinto exec jailed for corruption in China let free
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Copper price rallies to highest since January 2014
[Нийтэлсэн: 08.06.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.