RETRANSMISSION: Centerra Gold's Kumtor Mine Resumes Operations
TORONTO, ONTARIO -- (Marketwired) -- 06/03/13 -- Centerra Gold Inc. (TSX: CG) today reported that on Saturday, June 1, 2013 road access to the mine was re-established and national grid power to the mine site was restored. The mine and mill have resumed operations as truck convoys are now able to bring supplies and consumables to site and personnel can be moved to and from the mine. While most mining operations were suspended between May 30 and June 1, the mine continued to operate sufficient equipment to continue to remove ice and waste from the high movement area of the pit. The Company understands that the state of emergency declared by the Kyrgyz Government continues.
Although still under evaluation, the Company does not believe that the suspension of operations will have a significant impact on 2013 forecasted gold production.
Cautionary Note Regarding Forward-looking Information
This news release and the documents referred to herein contain statements which are not statements of current or historical facts and are "forward-looking information" within the meaning of applicable Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Wherever possible, words such as "believe", "expect", "plan", "continue", "may", "will", "could", "should", and other similar expressions have been used to identify forward-looking information.
These forward-looking statements relate to, among other things, the Company's ability maintain safe access and the movement of supplies and personnel to and from the mine site. Although the forward-looking information in this news release reflects Centerra's current beliefs as of the date of this news release based on information currently available to management and based upon what management believes to be reasonable assumptions, Centerra cannot be certain that actual results, performance, achievements, prospects and opportunities, either expressed or implied will be consistent with such forward-looking information. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Centerra assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.
About Centerra
Centerra is a gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based gold producer and is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.
Additional information on Centerra is available on the Company's web site at www.centerragold.com and at SEDAR at www.sedar.com.
Contacts:
Centerra Gold Inc.
John W. Pearson
Vice President, Investor Relations
(416) 204-1241
john.pearson@centerragold.com
www.centerragold.com