• Home
  • Journal
  • Public Companies
  • Centerra Gold Reports Two Missing Employees After Significant Rock Movement in Lysii Waste Rock Dump at Kumtor

Centerra Gold Reports Two Missing Employees After Significant Rock Movement in Lysii Waste Rock Dump at Kumtor

TORONTO, Dec. 01, 2019 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra”) (TSX: CG) today announced that the Kumtor Mine, located in the Kyrgyz Republic, experienced a significant rock movement at the Lysii Waste Rock Dump early this morning. Kumtor initiated an emergency evacuation of all mine personnel from the area and an immediate cessation of mining operations. Two Kumtor employees who were working in the area did not report to the emergency gathering area and remain missing. Centerra’s first priority at this time is to locate the missing employees through a search and rescue operation which began immediately and is ongoing in cooperation with the Kyrgyz Republic Ministry of Emergencies. The Company has also notified all relevant government authorities and the families of the missing employees.
Scott Perry, President and Chief Executive Officer of Centerra said, “Our primary focus right now remains on the safe return of our two missing employees and the safety of our search and rescue teams who are working in very challenging circumstances. While the search continues, we are coordinating closely with the family members of the missing employees and our thoughts and support are with the families, the search and rescue teams, as well as with the entire Kumtor team.”Open pit mining operations have been temporarily halted and the mine plan is being re-evaluated. The Company will not be in a position to make any comments about the re-start of open pit mining operations until the search and rescue efforts have been completed and a revised mine plan has been developed.The Kumtor mill is expected to continue uninterrupted processing ore that has been stockpiled on surface and there is no change to the Company’s production outlook for 2019.Information contained in this news release which is not a statement of historical fact may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves assumptions, 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. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things, Kumtor Mine’s revised mine plan, mill processing expectations and 2019 production guidance.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. Factors that could cause actual results or events to differ materially from current expectations include the success of the Company’s search and rescue operations, the stabilization of the Lysii Waste Rock Dump, mill infrastructure in the vicinity of the Lysii Waste Rock Dump, including the reclaim water pipeline and power line, remain unaffected, ongoing cooperation with Kyrgyz state agencies to revise Kumtor’s mine plan and ensure any ordinary course permits are received and not revoked and the absence of labour or other unrest which may disrupt milling operations.About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is the largest Western-based gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and is building its next gold mine, the 100% owned Öksüt Mine in Turkey. Centerra’s shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada.
For more information:

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.