Centerra Gold Agrees to Postpone International Arbitration Pending Ongoing Discussions
TORONTO, ONTARIO -- September 25, 2008 - Centerra Gold Inc. (TSX: CG) stated today that as a result of ongoing discussions with the Kyrgyz Government regarding the Kumtor project it has agreed to suspend the international arbitration proceedings initiated by the Company, which had been previously postponed to September 29, 2008. The parties have agreed that this suspension will allow for these discussions to continue and for the parties to concentrate on resolving outstanding issues relating to the project.
About Centerra
Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. 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
Victoria Stepanova : vstepanova@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
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Centerra Gold Inc
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PRODUCTEUR |
CODE : CG.TO |
ISIN : CA1520061021 |
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Centerra Gold est une société de production minière d'or 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 2,5 milliards CA$ (1,8 milliards US$, 1,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 24 octobre 2008 à 0,79 CA$, et son plus haut niveau récent le 21 avril 2023 à 9,99 CA$. Centerra Gold possède 291 280 000 actions en circulation. |